Insulated Flex Space with
For Sale
$389,000
9512 S Evans Lane, Mohave Valley, AZ 86440
CommercialSale, Mohave Valley, AZ
Property Size2,400 SF
Lot Size4.73 Acres
Price / SF$162.08
Days on Market44
Property Features for 9512 S Evans Lane
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning description
CMO Commercial Manufacturing Open Lot Storage
Directions
Highway 95 to Courtwright and go west to Evans Ln and turn right to the end of the road, property on the right
Standard status
Active
APN
216-11-089
Lot size
4.73 Acres
Taxes and HOA fees
Tax Year
2024
Tax Description
SBB & MTHE WLY 440.23' OF THE NLY 659.43' OF GOV'T LOT 1 EXCEPT T HE NLY 157.66' AND EXCEPT THE WEST 30' PER 2583/ 931CONT 4.73 ACR ES 216-11-052(216-11-089 & RDWY)
Tax Annual Amount
1701
Legal Description
SBB & MTHE WLY 440.23' OF THE NLY 659.43' OF GOV'T LOT 1 EXCEPT T HE NLY 157.66' AND EXCEPT THE WEST 30' PER 2583/ 931CONT 4.73 ACR ES 216-11-052(216-11-089 & RDWY)
Utilities
Sewer type
Septic Tank
Water source
Well
Amenities
air conditioned office with bathroom
drive through garage doors
Building Details
Year built
1980
Listing Agency:
US SOUTHWEST(R)
(928) 763-2288
Listed By:
Robert Neitzke · License #SA661272000
(928) 577-7766
Added: Jul 9
Changed: Aug 19
Last Checked: Aug 21 at 7:06PM
MLS# 040421
Copyright © 2026 Momentum MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This flex-space property includes 4.73 acres and a 1980-built service building measuring 40 by 60 feet with 16-foot interior height. The structure is fully insulated and includes two 14-by-14-foot drive-through garage doors, an air-conditioned office, and a bathroom prepared for a shower installation.
The property is served by a private well and septic tank. Source information identifies 50% of the land as having no use restriction and the remaining 50% as industrial commercial R3, with references to residential construction, storage, and agricultural use possibilities. Buyers should verify zoning interpretations and permitted uses with Mohave County Planning and Zoning.
The property is served by a private well and septic tank. Source information identifies 50% of the land as having no use restriction and the remaining 50% as industrial commercial R3, with references to residential construction, storage, and agricultural use possibilities. Buyers should verify zoning interpretations and permitted uses with Mohave County Planning and Zoning.
Key Highlights
- 4.73‑acre property in Mohave Valley, AZ
- 40‑by‑60‑foot building with 16‑foot interior height
- Fully insulated structure built in 1980
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
Industrial
$274.0K
$239.8K – $319.7K
NOI $19,182 @ 7.0% cap · market cap 4.93%
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
Property Profile
Current Use
Lease Details
16 ft
Clear height
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
Market
Vacancy Rate% for Industrial in West region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Flex space - Commercial property with a service building, conditioned office, bathroom, and versatile land-use characteristics.
Where is this flex space located?
The property is located at 9512 S Evans Lane 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 in Mohave Valley, AZ; 40‑by‑60‑foot building with 16‑foot interior height; Fully insulated structure built in 1980
