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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    2389 Airway Ave Kingman, AZ 86409-0741

    • Industrial properties
    • 5,060 SF
    • 0.41 lot acres
    OFF-MARKET
    Value Estimations
    $540,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US07-1131809
    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

    • Attwoods Appliances LLC / Appliance Store / Appliance Repair Service
    • Rosco Construction LLC- Kingman AZ / General Contractor / Contractor
    • Dalux Equipment Service Corp. / Electronic Parts Supplier

    Property Details for 2389 Airway Ave

    Year built
    2002
    Lot size
    0.41 lot acres
    Property size
    5,060 SF
    Property type
    Industrial properties
    Property subtype
    Industrial live-work properties
    APN
    320-06-087B
    APU
    32006087B

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $538,000
      Market price range: $323k - $538k
      AI Estimate
      $538,000
      Market price range: $323k - $538k

    • Alternative Use

      Use
      Estimation
      COMMERCIAL (GENERAL)
      $410,000
      Current use
      RESTAURANT
      $870,000
      Change: +114% Conversion: Difficult
      APARTMENT HOUSE (5+ UNITS)
      $820,000
      Change: +101% Conversion: Moderate
      AUTO REPAIR, GARAGE
      $810,000
      Change: +99% Conversion: Difficult
      MEDICAL BUILDING
      $725,000
      Change: +78% Conversion: Easy
      OFFICE BUILDING
      $655,000
      Change: +61% Conversion: Easy
      RETAIL STORES
      $640,000
      Change: +57% Conversion: Easy
      NEIGHBORHOOD: SHOPPING CENTER
      $550,000
      Change: +34% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Kingman
    County
    Mohave
    State
    Arizona
    Longitude
    -114.023
    Latitude
    35.2253
    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
    $4,799
    $0.00
    $0.00
    $107,863
    -
    $153,638
    $445,603
    $599,241

    Comparable in this City

    • Value Estimation
      $1,015,000
      11,593 SF

      4105 Bank St

      MIXED USE (COMMERCIAL/INDUSTRIAL) • 11,593 SF
      4105 Bank St, Kingman, AZ 86409-2714
      View Details
    • Value Estimation by Request
      1,206 SF

      3025 Nelson Ave

      MIXED USE (COMMERCIAL/INDUSTRIAL) • 1,206 SF
      3025 Nelson Ave, Kingman, AZ 86409-3613
      View Details
    • Value Estimation
      $950,000
      8,942 SF

      2475 Beverly Ave

      MIXED USE (COMMERCIAL/INDUSTRIAL) • 8,942 SF
      2475 Beverly Ave, Kingman, AZ 86409-3629
      View Details
    • Value Estimation by Request
      2,400 SF

      3519 Verdugo Rd

      MIXED USE (COMMERCIAL/INDUSTRIAL) • 2,400 SF
      3519 Verdugo Rd, Kingman, AZ 86409-3155
      View Details
    • Value Estimation by Request
      5,030 SF

      3270 Kino Ave

      MIXED USE (COMMERCIAL/INDUSTRIAL) • 5,030 SF
      3270 Kino Ave, Kingman, AZ 86409-3348
      View Details
    • Value Estimation by Request
      5,760 SF

      2880 Rhoades Ave

      MIXED USE (COMMERCIAL/INDUSTRIAL) • 5,760 SF
      2880 Rhoades Ave, Kingman, AZ 86409-3727
      View Details

    Similar Nearby for Sale

    • $1,095,750
      43.83 Acres

      Kingman Commercial Land - 43 Acres

      Prime Route 66 commercial/industrial land.
      0 Rte 66 Hwy, Kingman, AZ 86409
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    • $599,900
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      Kingman Commercial Warehouse - 1 Acre

      Versatile warehouse, prime Kingman location. High traffic area.
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      Kingman Commercial Lot - C2 Zoned

      Prime Kingman location, 3-acre lot, $725,000.
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    • $1,250,000
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      Kingman Mixed-Use Warehouse Investment

      Prime Kingman commercial warehouse, 2.96 acres.
      2630 Airway Ave, Kingman, AZ 86409
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    • $675,000
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      Kingman Industrial Building For Sale

      Industrial building in Kingman, Arizona, suitable for various businesses.
      4770 N Stockton Hill Rd, Kingman, AZ 86409
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    • $54,000
      10.18 Acres

      Kingman, AZ Land Parcel

      10.18 acre land parcel with mountain views in Kingman.
      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
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    • $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
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    2389 Airway Ave
    Kingman, AZ 86409-0741
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    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
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