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

    2187 Airway Ave Kingman, AZ 86409-3669

    • Office buildings
    • 2,039 SF
    • 0.16 lot acres
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US07-1281626
    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

    • Kelly J. Corbridge, OD / Optometrist
    • Desert Family Eye Center PC / Optometrist

    Property Details for 2187 Airway Ave

    Year built
    2008
    Construction
    STEEL FRAME
    Lot size
    0.16 lot acres
    Property size
    2,039 SF
    Property type
    Office buildings
    APN
    320-06-212C
    APU
    32006212C

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Kingman
    County
    Mohave
    State
    Arizona
    Longitude
    -114.027
    Latitude
    35.2251
    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
    $3,514
    $0.00
    $0.00
    $72,271
    -
    $84,544
    $316,963
    $401,507

    Comparable in this City

    • Value Estimation by Request
      2,123 SF

      3516 Bond St

      OFFICE BUILDING • 2,123 SF
      3516 Bond St, Kingman, AZ 86409-3149
      View Details
    • Value Estimation by Request
      2,499 SF

      1923 Kino Ave

      OFFICE BUILDING • 2,499 SF
      1923 Kino Ave, Kingman, AZ 86409-3063
      View Details
    • Value Estimation by Request
      1,200 SF

      2755 Northern Ave

      OFFICE BUILDING • 1,200 SF
      2755 Northern Ave, Kingman, AZ 86409-2602
      View Details
    • Value Estimation by Request
      1,800 SF

      2975 Northern Ave

      OFFICE BUILDING • 1,800 SF
      2975 Northern Ave, Kingman, AZ 86409-2701
      View Details
    • Value Estimation by Request
      1,777 SF

      5218 Stockton Hl Rd

      OFFICE BUILDING • 1,777 SF
      5218 Stockton Hl Rd, Kingman, AZ 86409-1042
      View Details
    • Value Estimation by Request
      800 SF

      4574 Stockton Hl Rd

      OFFICE BUILDING • 800 SF
      4574 Stockton Hl Rd, Kingman, AZ 86409-1755
      View Details

    Similar Nearby for Sale

    • $725,000
      3.00 Acres

      Kingman Commercial Lot - C2 Zoned

      Prime Kingman location, 3-acre lot, $725,000.
      4233 Stockton Hill Rd, Kingman, AZ 86409
      View Details
    • Contact for pricing
      2.07 Acres

      Kingman Agricultural Land Parcel

      Two-acre agricultural/residential parcel in Kingman, Arizona, with utilities available.
      Kingman, AZ 86409
      View Details
    • Contact for pricing
      0.13 Acres

      Kingman, AZ Infill Lot

      Residential land suitable for manufactured or single-family property.
      3529 E Oriole Ln, Kingman, AZ 86409
      View Details
    • $60,000
      5.33 Acres

      5.33 Acres of Untouched Desert

      5.33 acres in Kingman, AZ, perfect for off-grid living.
      Avenida Del Burro, Kingman, AZ 86409
      View Details
    • Contact for pricing
      12.18 Acres

      Kingman, AZ Agricultural Lot

      Residential agricultural lot with open views and convenient location.
      133B E Timothy Dr, Kingman, AZ 86409
      View Details
    • $300,000
      20.00 Acres

      Kingman Land with Mountain Views

      20 acres of land featuring 360-degree views.
      Bull Mtn 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
    • $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
      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
    • 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.
    2187 Airway Ave
    Kingman, AZ 86409-3669
    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.