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    Norrie Dr Kingman, AZ 86409

    For Sale
    $2,000,000

    64 Acres, Prime Development Opportunity

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    368
    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 Features for 0 Norrie Dr

    General Information

    Property type
    Land
    Lot Size
    2,787,840 SF

    HighLights

    • $2,000,000 asking price.
    • 64‑acre residential land parcel.
    • MAR‑36 zoning.
    • APN: 310‑01‑100 (split in process).
    • Fee simple ownership.
    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

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    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
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    Norrie Dr Kingman, AZ 86409
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    Realmo Value Estimation

    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

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    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.

    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
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