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

    2.28AC Norley Ranches Kingman, AZ 86401

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Sale
    $218,192

    Land site near I-40, potential solar site.

    Type:Land
    Property size:
    2 SF
    Added:
    Nov 21, 2025
    Days on Market:
    134
    Last Refresh:
    Dec 3 at 5:22 am

    Property Features for 2.28AC Norley Ranches

    General Information

    Standard status
    Active
    Size
    2 SF
    Property subtype
    Land

    We can help!

    Listing Contact
    Rosmery Carter

    Listing agent Rosmery Carter License #3282421

    Listing office OLYMPUS EXECUTIVE REALTY INC

    Listing date Nov 21, 2025

    Source Naiglobal

    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 OLYMPUS EXECUTIVE REALTY INC

    Overview

    Kingman Land Near I-40

    This property, situated in an Opportunity Zone, is located near I-40 and is considered a potential solar site. Electric and natural gas service are available to the site from Unisource Electric & Gas company. Water is accessible via an on-site well or an off-site source such as Mohave Water Company. The location of the site provides convenient access to Los Angeles, Las Vegas, and Phoenix, and it is situated close to the California border. The site is in close proximity to market, transportation, and labor resources. It is located within a one-day truck drive from every major city in the southwest. BNSF RR is located west of the site. Mohave County has a population of over 240,000. More than 32 million people reside within a 350-mile radius of the site. The property is being marketed jointly with another land site. The site is fairly close to the Chrysler Motors Proving Grounds.
    Location Intelligence

    Current Use by Public Records

    Land

    Map

    City
    Kingman
    County
    Mohave
    State
    Arizona
    Longitude
    -113.944
    Latitude
    35.4636

    Nearby Similar for Sale

    • $360,000
      2,300 SF

      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
    • $350,000

      Prime Commercial Land in Kingman

      High-traffic commercial land near I-40, Route 66, and Hwy 93.
      003 Stockton Hill Road, Kingman, AZ 86409
      View Details
    • $650,000

      Prime Commercial Land in Kingman

      Prime commercial land near I-40 and Stockton Airway Center.
      005A Stockton Hill Road, Kingman, AZ 86409
      View Details
    • $17,000

      Rural Land Kingman AZ

      0.4-acre lot near Route 66 with mountain views.
      Bridlebit Avenue, Kingman, AZ 86401
      View Details
    • $20,000

      Kingman, AZ Land For Sale

      2.07 acre commercial land parcel in Kingman, Arizona.
      Avenida Mendez lot: 110, Kingman, AZ 86409
      View Details
    • $20,000

      Kingman, AZ Land For Sale

      2.28 acre commercial land parcel in Kingman, Arizona.
      N Avenida Mendez lot: 64, Kingman, AZ 86409
      View Details
    • $42,900

      Kingman, AZ Corner Lot

      1.1-acre corner lot near Route 66, parks, schools, shopping.
      4485 N Baker Drive, Kingman, AZ 86409
      View Details
    • $295,000

      Kingman Land Prime Development Location

      3 acres with high visibility, development potential in Kingman, AZ.
      071 Hualapai Mountain Road, Kingman, AZ 86401
      View Details
    • $45,000

      Kingman, Arizona Corner Lot

      2.06-acre corner lot in established rural community near Kingman.
      N Avenida Ramirez lot: 131, Kingman, AZ 86409
      View Details
    • $6,500

      Kingman Acreage Ready to Build

      1.3 acre property near Kingman, Arizona, ready for building.
      082 Dawson Drive, Kingman, AZ 86401
      View Details
    • $10,000

      Downtown Kingman Land Parcel

      0.16 acre parcel in downtown Kingman, Arizona.
      Parkview Ave lot: 14, Kingman, AZ 86401
      View Details
    • $14,900

      Land in Valle Vista, Kingman

      Quarter-acre lot in Valle Vista, build your dream home.
      7979 E Monte Tesoro Drive, Kingman, AZ 86401
      View Details

    FAQs

    What type of property is this?
    Land - Land site near I-40, potential solar site.
    Where is this land located?
    The property is located at 2.28AC Norley Ranches Kingman, AZ.
    What is the asking price?
    The asking price for this property is $218,192.
    What are key features of this property?
    This property features: Strategic Location: Easy access to Los Angeles, Las Vegas, and Phoenix; located within a one‑day truck drive to every major city in the Southwest.; Proximity to Transportation: Close to I‑40 and BNSF Railway.; Utility Access: Electric and natural gas service available, water available via on‑site well or off‑site source.
    (407) 469-0090
    We can help!
    Listing Contact
    Rosmery Carter
    Real Estate License ID: 3282421
    Learn More
    Request Owner's contact information
    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.
    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
    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

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!