Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • 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
    Property profile & analytics

    1841 Morrow Ave Kingman, AZ 86409-3026

    • Medical offices
    • 5,879 SF
    • 0.58 lot acres
    OFF-MARKET
    Value Estimations
    $965,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US07-1152968
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Deering Therapy / Medical Clinic / Occupational Therapist
    • Plastic Surgeons of Northern Arizona / Plastic Surgeon
    • Advanced Foot & Ankle Ltd / Medical Clinic / Podiatrist
    • Kimberley Deering / Physical Therapist
    • Kerry Deering / Occupational Therapist

    Property Details for 1841 Morrow Ave

    Year built
    1993
    Construction
    CONCRETE
    Lot size
    0.58 lot acres
    Property size
    5,879 SF
    Property type
    Medical offices
    Property subtype
    Medical centers
    APN
    320-03-122
    APU
    32003122

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $966,000
      Market price range: $661k - $1.24M
      AI Estimate
      $966,000
      Market price range: $661k - $1.24M

    • Alternative Use

      Use
      Estimation
      MEDICAL BUILDING
      $845,000
      Current use
      RESTAURANT
      $1,015,000
      Change: +20% Conversion: Difficult
      APARTMENT HOUSE (5+ UNITS)
      $950,000
      Change: +13% Conversion: Moderate
      AUTO REPAIR, GARAGE
      $940,000
      Change: +12% Conversion: Difficult
      OFFICE BUILDING
      $760,000
      Change: -10% Conversion: Easy
      RETAIL STORES
      $745,000
      Change: -12% Conversion: Difficult

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Kingman
    County
    Mohave
    State
    Arizona
    Longitude
    -114.034
    Latitude
    35.2288
    CBSA code
    29420
    CBSA name
    LAKE HAVASU CITY-KINGMAN, AZ MICROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2020
    $12,469
    $0.00
    $0.00
    $174,322
    -
    $241,889
    $920,261
    $1,162,150

    Comparable in this City

    • Value Estimation
      $1,105,000
      9,831 SF

      1790 Sycamore Ave

      MEDICAL CLINIC • 9,831 SF
      1790 Sycamore Ave, Kingman, AZ 86409-3566
      View Details
    • Value Estimation
      $3,255,000
      17,271 SF

      1741 Sycamore Ave

      MEDICAL CLINIC • 17,271 SF
      1741 Sycamore Ave, Kingman, AZ 86409-0927
      View Details
    • Value Estimation by Request
      1,497 SF

      2095 Northern Ave

      MEDICAL CLINIC • 1,497 SF
      2095 Northern Ave, Kingman, AZ 86409-2588
      View Details
    • Value Estimation
      $810,000
      6,280 SF

      1726 Beverly Ave

      MEDICAL BUILDING • 6,280 SF
      1726 Beverly Ave, Kingman, AZ 86409-3500
      View Details
    • Value Estimation
      $570,000
      5,058 SF

      1080 Sheldon Ave

      MEDICAL CLINIC • 5,058 SF
      1080 Sheldon Ave, Kingman, AZ 86409-3545
      View Details
    • Value Estimation
      $1,775,000
      9,970 SF

      3555 Western Ave

      MEDICAL CLINIC • 9,970 SF
      3555 Western Ave, Kingman, AZ 86409-3291
      View Details

    Similar Nearby for Sale

    • $2,000,000
      296.69 Acres

      Highway 93 Commercial Land

      296 Acres, I-11 Frontage, Development Potential
      0 Hwy 93, Kingman, AZ 86409
      View Details
    • $2,000,000
      64.00 Acres

      Kingman, AZ Residential Land

      64 Acres, Prime Development Opportunity
      0 Norrie Dr, Kingman, AZ 86409
      View Details
    • Contact for pricing
      2.13 Acres

      Kingman Land with Mountain Views

      2.13 acre vacant land parcel near Kingman, Arizona.
      331-15-132 N Avenida Ramirez, Kingman, AZ 86409
      View Details
    • $37,500
      16.20 Acres

      Kingman, AZ Land Parcel

      16.2 acre lot with open space and views.
      Avenida Sierra Madre, Kingman, AZ 86409
      View Details
    • $32,500
      12.58 Acres

      Kingman, AZ Land with Views

      12.58 acre land parcel with valley and Kingman views.
      Water Tank Rd, Kingman, AZ 86409
      View Details
    • $135,000
      39.54 Acres

      Kingman Land Parcel Available

      39-acre land parcel in Kingman, Arizona, with well.
      Arizona Ridge Rd, Kingman, AZ 86409
      View Details

    Similar Nearby for Lease

    • $14 SF/Yr
      19,300 SF

      Kingman Industrial Flex Space

      Premium warehouse units, flexible layouts.
      4030 Stockton Hill Rd, Kingman, AZ 86409
      View Details
    • Contact for pricing
      1,620 SF

      Retail Space in Kingman Center

      Retail space available in Safeway-anchored shopping center on Stockton Hill.
      3900 Stockton Hill Rd, Kingman, AZ 86409
      View Details
    • Contact for pricing

      Commercial Land on Stockton Hill

      Prime commercial land for rent in Kingman's retail hub.
      3795 N Stockton Hill Rd, Kingman, AZ 86409
      View Details
    • $2,500,000
      11,507 SF

      Restaurant Building on Large Lot

      Restaurant building on 2.23 acres available for lease.
      3580 N Stockton Hill Rd, Kingman, AZ 86409
      View Details
    • Contact for pricing

      Retail Space in Kingman, Arizona

      Retail spaces available in regional shopping center with highway access.
      3320 N Stockton Hill Rd, Kingman, AZ 86409
      View Details
    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.
    1841 Morrow Ave
    Kingman, AZ 86409-3026
    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.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.