Medical Office with Exam
For Sale
$839,000
5-2002 N Stockton Hill Rd, Kingman, AZ 86401
Signage overlooking Stockton Hill Rd complements a flexible medical office layout with waiting space, restrooms, and exam rooms.
Property Size4,000 SF
Price / SF$209.75
Days on Market306
Property Features for 5-2002 N Stockton Hill Rd
General Information
Standard status
Active
Size
4,000 SF
Taxes and HOA fees
Annual Taxes
$2,461
Listing Agency:
RE/MAX Prestige Properties
(928) 718-0100
Listed By:
Sultan Abbas · License #SA678202000
(520) 208-5723
Source:
Exprealty
Added: Nov 13, 2025
Changed: Sep 6
Last Checked: Sep 14 at 7:24AM
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 RE/MAX Prestige Properties
Investment Insights
Based on property information with market context.
This medical office property is built around a client-facing waiting center with an attached public bathroom, plus a reception area with a window overlooking the waiting space. The interior also includes several exam rooms and multiple private offices to support a range of professional needs. A large conference or meeting room is available, with an additional attached room that includes a sink.
The property is located on N Stockton Hill Rd and features signage with visibility overlooking the roadway. The layout is described as approximately 4,000 square feet with the potential to operate as either one suite or split into two suites, depending on how an owner or tenant plans to configure the space.
For a practitioner or professional services group, the combination of waiting, reception, private offices, and exam rooms can support both patient experience and day-to-day workflow. For an operator considering occupancy flexibility, the ability to use the space as one unit or two suites may help accommodate shared ownership or tenant arrangements within the same building.
The property is located on N Stockton Hill Rd and features signage with visibility overlooking the roadway. The layout is described as approximately 4,000 square feet with the potential to operate as either one suite or split into two suites, depending on how an owner or tenant plans to configure the space.
For a practitioner or professional services group, the combination of waiting, reception, private offices, and exam rooms can support both patient experience and day-to-day workflow. For an operator considering occupancy flexibility, the ability to use the space as one unit or two suites may help accommodate shared ownership or tenant arrangements within the same building.
Key Highlights
- Signage along Stockton Hill Rd overlooks the road for visibility for your business
- Approximately 4,000 SF office space that can be configured as 1 or 2 suites
- Waiting area with public bathroom attached for visiting clients
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
$48,470
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
5.78%
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%
$969,400
$969.4K
Cap Rate 7%
$692,429
$692.4K
Cap Rate 9%
$538,556
$538.6K
Market Conditions
NOI Build-Up for 4,000 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
$86.4K $21.60/SF
− Vacancy
−$5.6K −$1.40/SF
EGI
$80.8K $20.20/SF
− OpEx
−$32.3K −$8.08/SF
NOI
$48.5K $12.12/SF
Area
Mohave County, AZ
Vacancy
6.50%
Lease Rate
$21.60 /SF/Yr
Expense Ratio
40.00%
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%
$969,400
Cap Rate 7%
$692,429
Cap Rate 9%
$538,556
Alternative Uses
Best Use
Healthcare Medical
$692.4K
$605.9K – $807.8K
NOI $48,470 @ 7.0% cap · market cap 5.78%
Second Best
Office B
$633.9K
$554.6K – $739.5K
NOI $44,370 @ 7.0% cap · market cap 5.29%
Theoretical Best
Office A
$893.1K
$781.4K – $1.04M
NOI $62,515 @ 7.0% cap · market cap 7.45%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
699
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
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Market
Vacancy Rate% for Office in West region
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Frequently Asked Questions
What type of property is this?
Medical Office Space - Signage overlooking Stockton Hill Rd complements a flexible medical office layout with waiting space, restrooms, and exam rooms.
Where is this medical office space located?
The property is located at 5-2002 N Stockton Hill Rd Kingman, AZ.
What is the asking price?
The asking price for this property is $839,000.
What are key features of this property?
This property features: Signage along Stockton Hill Rd overlooks the road for visibility for your business; Approximately 4,000 SF office space that can be configured as 1 or 2 suites; Waiting area with public bathroom attached for visiting clients
