Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    Norrie Dr Kingman, AZ 86409

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Sale
    Contact for pricing

    64 Acres, Prime Development Opportunity

    Property Features for 0 Norrie Dr

    General Information

    Property type
    Land
    Lot Size
    2,787,840 SF

    We can help!

    Listing Contact
    Tim Holley
    Tim Holley

    Listing Agency: Long River Realty Listing Agent: Tim Holley

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Overview

    This exceptional 64-acre parcel in Kingman, Arizona, presents a remarkable residential development opportunity. Currently zoned MAR-36, this fee-simple property (APN: 310-01-100, split in process) is priced at $2,000,000. A conceptual plan for a 64-acre subdivision already exists, developed in consultation with Mohave County Planning and Zoning and FEMA. Mohave Engineering of Kingman, Arizona, prepared the plan and guided the process through government approvals. Kingman offers a compelling investment climate, boasting affordable housing and land with steadily appreciating property values. The city's low violent crime rate (378 incidents per 100,000 people, compared to 570 in Arizona and 596 nationally) contributes to its safe and desirable living environment. Kingman's robust economy includes a large and diverse industrial manufacturing park. Its location along historic Route 66 adds to its unique character, complemented by attractions such as the Route 66 Museum, the Mohave Museum of History and Arts, Locomotive Park, and the Kingman Railroad Museum. This property's strategic location and existing planning framework make it an ideal investment for developers seeking a promising residential project in a growing Arizona community. The property is located on N Norrie Dr, Kingman, AZ 86409 (35.269961, -113.979473). Broker co-op is available.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Kingman
    County
    Mohave
    State
    Arizona
    Longitude
    -113.979473
    Latitude
    35.269961

    Nearby Similar for Sale

    • New
      $360,000
      Pending

      Kingman Commercial Property with Extra Lots

      2300 SF building on 0.36 acres with two extra lots.
      2111 Airway Ave, Kingman, AZ 86409
      View Details
    • $190,000
      Pending

      Established Daycare Business For Sale

      Fully operational daycare with excellent reputation in a desirable location.
      1911 Kino Ave, Kingman, AZ 86409
      View Details
    • $129,900
      36.49 Acres

      Kingman, AZ Equestrian Homesite Land

      36.49 acre equestrian homesite with elevated building area.
      12xxx E Knight Creek Rd, Kingman, AZ 86401
      View Details
    • $2,150,000
      29,824 SF

      Kingman Industrial Building with Docks

      Industrial building with nine docks, long-term tenant, investment opportunity.
      7045 N Shipping Ln, Kingman, AZ 86401
      View Details
    • $65,000
      0.80 Acres

      Land Near Kingman Regional Hospital

      Land with mountain views, near hospital, restaurants, and shopping.
      721 Sunrise Ave, Kingman, AZ 86409
      View Details
    • Contact for pricing
      0.25 Acres

      Kingman, AZ Land For Sale

      Land for sale in Kingman, Arizona.
      7348 E Squaw Creek Dr, Kingman, AZ 86401
      View Details
    • $49,000
      0.69 Acres

      Kingman, AZ Land For Sale

      Vacant land available in Kingman, Arizona.
      4Th Ave, Kingman, AZ 86401
      View Details
    • $179,900
      39.31 Acres

      Kingman, AZ Land For Sale

      39+ acre equestrian homesite with well, partially fenced and gated.
      S Silverado Pkwy, Kingman, AZ 86401
      View Details
    • $179,000
      40.00 Acres

      Kingman Land with Equestrian Features

      40-acre Kingman land parcel with well, equestrian area, views.
      N Knight Crk Rd --, Kingman, AZ 86401
      View Details
    • Contact for pricing
      0.23 Acres

      Land in Kingman, Arizona

      Residential land available in Kingman, Arizona.
      10437 Stoneaxe Way, Kingman, AZ 86401
      View Details
    • Contact for pricing
      0.24 Acres

      Land in Kingman, Arizona

      Land available in a vibrant Kingman community with many amenities.
      7041 E Stoneaxe Dr, Kingman, AZ 86401
      View Details
    • $595,000

      Remodeled Commercial Building on Route 66

      2,726 SF commercial building on Route 66 in Kingman, AZ.
      1200 East Andy Devine Ave, Kingman, AZ 86401
      View Details

    FAQs

    What type of property is this?
    Land - 64 Acres, Prime Development Opportunity
    Where is this land located?
    The property is located at Norrie Dr Kingman, AZ.
    What is the asking price?
    The asking price for this property is $2,000,000.
    What are key features of this property?
    This property features: $2,000,000 asking price.; 64-acre residential land parcel.; MAR-36 zoning.
    (928) 530-0347 Call to check price and availability
    Request Owner's contact information
    Norrie Dr Kingman, AZ 86409
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Norrie Dr
    Kingman, AZ 86409
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Norrie Dr Kingman, AZ 86409
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Tim Holley
    Tim Holley
    Real Estate License ID: BR520617000
    (928) 530-0347 (928) 877-0111 (949) 973-8133
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!