Property profile

0 Norrie Dr Kingman, AZ 86409

OFF-MARKET
Land
64 ac lot
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Property summary

AI-generated 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

Verified
Property type Land
Lot 64 ac (2,787,840 SF)

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

Norrie Dr Kingman, AZ 86409
Kingman metro
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Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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