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Property profile & analytics
OFF-MARKET
Estimated value
$7,865,000
Office buildings
2400 Airway Ave Kingman, AZ 86409-3657
Entity Owned
7-yr Hold
Absentee Owner
Free & Clear
Property ID
US07-1853996
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
2020
Construction
CONCRETE
Total area
40,837 SF
Lot
4.55 ac (198,198 SF)
APN
320-10-069
UPID
US07-1853996
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Arizona Juvenile Corrections Prison
-
Developmental Disabilities Social Service Agency
-
Child Support Enforcement Social Service Agency Charitable Organization
-
Arizona Department of Economic Security Government Office
-
Family Assistance & Food Stamp Social Service Agency Charitable Organization
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$7.87M
Blend (final)
Blend
$7.87M
Owner & transaction history
Pka Kingman LLC · 7 yrs held
Pka Kingman LLC
since 2019
4 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$7.0M
+33.2%
Apartment house (5+ units)
$6.6M
+25.0%
Auto repair, garage
$6.5M
+23.7%
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Kingman submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Kingman submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
OFFICE BUILDING
$5,285,000
Current use
RESTAURANT
$7,040,000
Change: +33% · Conversion: Moderate
APARTMENT HOUSE (5+ UNITS)
$6,605,000
Change: +25% · Conversion: Easy
AUTO REPAIR, GARAGE
$6,540,000
Change: +24% · Conversion: Difficult
MEDICAL BUILDING
$5,855,000
Change: +11% · Conversion: Easy
RETAIL STORES
$5,175,000
Change: -2% · Conversion: Moderate
Blend value · Realmo final
$7.87M
Range $7.08M – $8.65M · ±10%
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$193 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2020Property tax & assessments
Tax year 2020
Tax billed
$3,517
Tax year 2020
Assessed value
$1,681,264
Assessed 2025
Previous assessed
$1,594,547
+5.4% YoY
Effective rate
0.21%
On assessed value
Land market value
$702,127
Improvement market value
$8,638,226
Total market value
$9,340,353
Applied tax rate
452.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
2020
Construction
CONCRETE
Heating
OTHER
Cooling
AC.PACKAGE
Stories
1
Total area
40,837 SF
Lot
4.55 ac (198,198 SF)
APN
320-10-069
UPID
US07-1853996
Jurisdiction
MOHAVE
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING Current
Est. value
$5.3M
RESTAURANT
Est. value
$7.0M
APARTMENT HOUSE (5+ UNITS)
Est. value
$6.6M
AUTO REPAIR, GARAGE
Est. value
$6.5M
MEDICAL BUILDING
Est. value
$5.9M
RETAIL STORES
Est. value
$5.2M
OFFICE BUILDING Current
RESTAURANT
APARTMENT HOUSE (5+ UNITS)
AUTO REPAIR, GARAGE
MEDICAL BUILDING
RETAIL STORES
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
2020
Construction
CONCRETE
Heating
OTHER
Cooling
Yes
Stories
1
Lot
4.55 ac
Current owner
From public records · entity-resolved
Pka Kingman LLC
Entity
Free & Clear · 7 yrs held
Mailing address
5112 N 40TH ST, PHOENIX, AZ 85018-2142
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2019
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 19, 2020
—
Pka Kingman LLC
—
Deed
related
$5,000,000 · First Int'l Bk
Nov 7, 2019
—
Pka Kingman LLC
—
Deed Of Trust
related
$5,000,000 · First Int'l Bk
Jun 17, 2019
$400,000
Pka Kingman LLC
Jerrys Nuggett INC
Grant Deed
—
—
—
Pka Kingman LLC
—
Loan Modification
related
$5,000,000 · First Int'l Bk
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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