Anchored Retail Shopping
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3136 N STOCKTON HILL RD, Kingman, AZ 86401
The fully leased property combines major retail anchors with in-line dining and service businesses.
Property Size81,015 SF
Lot Size6.57 Acres
Price / SF$124.67
Days on Market5
Property Features for 3136 N STOCKTON HILL RD
General Information
Standard status
Active
Size
81,015 SF
Lot size
6.57 Acres
Property subtype
Retail
Occupancy
100%
Site & Location
Corner Location
Yes
Anchor Co-Tenants
Tractor Supply, Hobby Lobby
Traffic Count
60,000 vehicles/day
Highway Access
Yes
Road Access
Yes
Building Details
Year Built
2004
Year Renovated
2025
Tenancy
Multi
Listing Agency:
LOGIC Commercial Real Estate
Listed By:
Cathy Jones · License #NV 56010
(702) 595-8765
Source:
Crexi
Added: Sep 21
Changed: Sep 24
Last Checked: Sep 24 at 2:13PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of LOGIC Commercial Real Estate
Investment Insights
Based on property information with market context.
This retail center contains approximately 81,015 square feet across 6.57 acres. Tractor Supply and Hobby Lobby anchor the tenant roster, alongside Niu Valley Hawaiian Grill, Ascend Staffing, and BoSa Donuts. The property is fully occupied, and the two anchor tenants account for nearly 93% of leasable area and 76% of base rent. Built in 2004, the center was remodeled in 2014 and 2025; recent work included Hobby Lobby’s buildout. Hobby Lobby has signed a 10-year lease.
The center occupies the signalized intersection of Stockton Hill Road and Interstate 40 in Kingman, Arizona. More than 60,000 vehicles pass the intersection daily. Kingman Square, anchored by Safeway, Marshalls, and Dollar Tree, is adjacent; Walmart, Home Depot, Smiths, and Ross are also nearby. Kingman, Bullhead City, and Lake Havasu City have a combined population exceeding 140,000. The trade area is described as having very limited retail vacancy.
The center occupies the signalized intersection of Stockton Hill Road and Interstate 40 in Kingman, Arizona. More than 60,000 vehicles pass the intersection daily. Kingman Square, anchored by Safeway, Marshalls, and Dollar Tree, is adjacent; Walmart, Home Depot, Smiths, and Ross are also nearby. Kingman, Bullhead City, and Lake Havasu City have a combined population exceeding 140,000. The trade area is described as having very limited retail vacancy.
Key Highlights
- ±81,015 SF retail center on ±6.57 acres
- 100% occupied; Tractor Supply and Hobby Lobby anchor the tenant roster
- Tractor Supply and Hobby Lobby account for nearly 93% of leasable area and 76% of base rent
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$786,858
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
7.79%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$15,737,160
$15.7M
Cap Rate 7%
$11,240,829
$11.2M
Cap Rate 9%
$8,742,867
$8.7M
Market Conditions
NOI Build-Up for 81,015 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$1.22M $15.00/SF
− Vacancy
−$91.1K −$1.13/SF
EGI
$1.12M $13.88/SF
− OpEx
−$337.2K −$4.16/SF
NOI
$786.9K $9.71/SF
Area
Mohave County, AZ
Vacancy
7.50%
Lease Rate
$15.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$15,737,160
Cap Rate 7%
$11,240,829
Cap Rate 9%
$8,742,867
Alternative Uses
Best Use
Retail
$11.24M
$9.84M – $13.11M
NOI $786,858 @ 7.0% cap · market cap 7.79%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$18.09M
$15.83M – $21.10M
NOI $1,266,167 @ 7.0% cap · market cap 12.54%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
60,000 VPD
Traffic count
100%
Occupancy
Multi-tenant
Tenancy
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
1,018
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 86401, AZ
27,684
Population
13,662
Households
2
Avg Household Size
48
Median Age
18%
College-Educated
92%
High-School Grad
1,226.3 sq mi
ZIP Area
23
Density / Sq Mi
$64,087
Median Household Income
$40,678
Median Earnings
$1,045
Median Rent
$247,300
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in West region
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Frequently Asked Questions
What type of property is this?
Shopping center - The fully leased property combines major retail anchors with in-line dining and service businesses.
Where is this shopping center located?
The property is located at 3136 N STOCKTON HILL RD Kingman, AZ.
What is the asking price?
The asking price for this property is $10,100,000.
What are key features of this property?
This property features: ±81,015 SF retail center on ±6.57 acres; 100% occupied; Tractor Supply and Hobby Lobby anchor the tenant roster; Tractor Supply and Hobby Lobby account for nearly 93% of leasable area and 76% of base rent
