Renovated Flex and Industrial
For Sale
$3,165,000
4030 N Stockton Hill Rd, Kingman, AZ 86409
Fully renovated 16-unit flex/industrial property with matching interior upgrades and private bathroom in every unit.
Property Size19,200 SF
Price / SF$164.84
Days on Market69
Property Features for 4030 N Stockton Hill Rd
General Information
Standard status
Active
Size
19,200 SF
Zoning
C3
Occupancy
69%
Taxes and HOA fees
Annual Taxes
$10,695
Building Details
Tenancy
Multi
Listing Agency:
Congress Realty Inc
(888) 881-4118
Listed By:
Jared English
(888) 881-4118
Source:
Exprealty
Added: Jun 17
Changed: Aug 23
Last Checked: Aug 23 at 12:42PM
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 Congress Realty Inc
Investment Insights
Based on property information with market context.
This fully renovated flex and industrial property consists of 16 separate units, each approximately 1,200 square feet and each featuring its own bathroom. Renovations completed over the past several years include matching interior remodels such as windows, doors, keypad locks, garage doors and operators, Mitsubishi mini-splits, updated lighting, bathrooms, fresh paint, and wireless internet. The exterior and common improvements are also described as part of a comprehensive renovation, along with 24 security cameras. The unit mix includes 11 leased units under 1–2 year terms, 3 units with brand new 2026 interior remodels, and 2 units that are owner occupied.
The property is zoned C3 Commercial, supporting a broad range of commercial uses. It is located at 4030 Stockton Hill Road in Kingman, Arizona. Vehicle access is supported by each unit having a dedicated garage door and operator.
For tenants, buyers, and owner-operators, the consistent, unit-by-unit remodels and private bathroom configuration can simplify operations and reduce near-term capital needs. Leasing activity includes multiple units currently leased on shorter terms, while other units are available based on their current occupancy status. The C3 Commercial zoning and flex/industrial setup make this property suitable for operators seeking modular space with independent access.
The property is zoned C3 Commercial, supporting a broad range of commercial uses. It is located at 4030 Stockton Hill Road in Kingman, Arizona. Vehicle access is supported by each unit having a dedicated garage door and operator.
For tenants, buyers, and owner-operators, the consistent, unit-by-unit remodels and private bathroom configuration can simplify operations and reduce near-term capital needs. Leasing activity includes multiple units currently leased on shorter terms, while other units are available based on their current occupancy status. The C3 Commercial zoning and flex/industrial setup make this property suitable for operators seeking modular space with independent access.
Key Highlights
- 16‑unit flex/industrial property built in 1985 with private bathrooms in every unit (~1,200 SF each).
- Fully renovated over recent years with matching interior upgrades including windows, doors, keypad locks, and garage doors/operators.
- Mitsubishi mini‑splits, updated lighting, and 2026 wireless internet included across units.
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
$186,338
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
5.89%
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%
$3,726,760
$3.7M
Cap Rate 7%
$2,661,971
$2.7M
Cap Rate 9%
$2,070,422
$2.1M
Market Conditions
NOI Build-Up for 19,200 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
$248.8K $12.96/SF
− Vacancy
−$29.6K −$1.54/SF
EGI
$219.2K $11.42/SF
− OpEx
−$32.9K −$1.71/SF
NOI
$186.3K $9.71/SF
Area
Mohave County, AZ
Vacancy
11.90%
Lease Rate
$12.96 /SF/Yr
Expense Ratio
15.00%
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%
$3,726,760
Cap Rate 7%
$2,661,971
Cap Rate 9%
$2,070,422
Alternative Uses
Best Use
Warehouse
$2.66M
$2.33M – $3.11M
NOI $186,338 @ 7.0% cap · market cap 5.89%
Second Best
Industrial
$2.19M
$1.92M – $2.56M
NOI $153,455 @ 7.0% cap · market cap 4.85%
Theoretical Best
Office A
$4.29M
$3.75M – $5.00M
NOI $300,073 @ 7.0% cap · market cap 9.48%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
68.8%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
348
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 86409, AZ
28,860
Population
14,616
Households
2
Avg Household Size
49
Median Age
13%
College-Educated
88%
High-School Grad
365.7 sq mi
ZIP Area
79
Density / Sq Mi
$48,499
Median Household Income
$32,912
Median Earnings
$884
Median Rent
$171,900
Median Home Value
Market
Vacancy Rate% for Industrial in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Flex space - Fully renovated 16-unit flex/industrial property with matching interior upgrades and private bathroom in every unit.
Where is this flex space located?
The property is located at 4030 N Stockton Hill Rd Kingman, AZ.
What is the asking price?
The asking price for this property is $3,165,000.
What are key features of this property?
This property features: 16‑unit flex/industrial property built in 1985 with private bathrooms in every unit (~1,200 SF each).; Fully renovated over recent years with matching interior upgrades including windows, doors, keypad locks, and garage doors/operators.; Mitsubishi mini‑splits, updated lighting, and 2026 wireless internet included across units.
