Insulated Warehouse with
For Sale
Contact for pricing
9512 S EVANS LN, Mohave Valley, AZ 86440
Insulated warehouse on 4.73 acres with drive-through garage doors and an air-conditioned office with bathroom and shower-ready setup.
Property Size2,400 SF
Price / SF$162.08
Days on Market67
Property Features for 9512 S EVANS LN
General Information
Standard status
Active
Size
2,400 SF
Property subtype
Industrial, Land
Zoning
R-E: Residential-Recreation
Building Details
Year Built
1980
Buildings
1
Stories
1
Units
1
Listing Agency:
US Southwest LLC
Listed By:
Ann Pettit · License #AZ BR007248000
(928) 234-5555
Source:
Crexi
Added: Jul 9
Changed: Sep 12
Last Checked: Sep 12 at 4:33AM
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 US Southwest LLC
Investment Insights
Based on property information with market context.
Located at 9512 S Evans Ln in Mohave Valley, AZ, this 4.73-acre property includes a fully insulated warehouse measuring 40x60x16. The building features drive-through capability with 14x14 garage doors and an air-conditioned office area with a bathroom that is described as shower-ready.
The seller notes no use restriction on 50% of the property, with the remaining 50% identified as industrial/commercial R3, including the possibility to build homes and for agricultural storage, subject to confirmation with Mohave County Planning and Zoning.
For zoning guidance and allowable uses, the listing directs buyers to contact Mohave County Planning and Zoning at 928-757-0903 and request an explanation of the zoning possibilities.
The seller notes no use restriction on 50% of the property, with the remaining 50% identified as industrial/commercial R3, including the possibility to build homes and for agricultural storage, subject to confirmation with Mohave County Planning and Zoning.
For zoning guidance and allowable uses, the listing directs buyers to contact Mohave County Planning and Zoning at 928-757-0903 and request an explanation of the zoning possibilities.
Key Highlights
- 4.73‑acre property with no use restriction on 50% and R3 industrial/commercial zoning on 50%
- 40x60x16 fully insulated building
- 14x14 drive‑through garage doors
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
$23,292
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
5.99%
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%
$465,840
$465.8K
Cap Rate 7%
$332,743
$332.7K
Cap Rate 9%
$258,800
$258.8K
Market Conditions
NOI Build-Up for 2,400 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
$31.1K $12.96/SF
− Vacancy
−$3.7K −$1.54/SF
EGI
$27.4K $11.42/SF
− OpEx
−$4.1K −$1.71/SF
NOI
$23.3K $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%
$465,840
Cap Rate 7%
$332,743
Cap Rate 9%
$258,800
Alternative Uses
Best Use
Warehouse
$332.7K
$291.2K – $388.2K
NOI $23,292 @ 7.0% cap · market cap 5.99%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$535.8K
$468.9K – $625.2K
NOI $37,509 @ 7.0% cap · market cap 9.64%
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
5
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 86440, AZ
7,310
Population
4,748
Households
1.5
Avg Household Size
52
Median Age
12%
College-Educated
89%
High-School Grad
123.6 sq mi
ZIP Area
59
Density / Sq Mi
$67,316
Median Household Income
$37,083
Median Earnings
$1,066
Median Rent
$231,700
Median Home Value
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Market
Vacancy Rate% for Industrial in West region
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Frequently Asked Questions
What type of property is this?
Warehouse - Insulated warehouse on 4.73 acres with drive-through garage doors and an air-conditioned office with bathroom and shower-ready setup.
Where is this warehouse located?
The property is located at 9512 S EVANS LN Mohave Valley, AZ.
What is the asking price?
The asking price for this property is $389,000.
What are key features of this property?
This property features: 4.73‑acre property with no use restriction on 50% and R3 industrial/commercial zoning on 50%; 40x60x16 fully insulated building; 14x14 drive‑through garage doors
