Multi-Tenant Office Building For
For Sale
$695,000
1891 N Trekell Rd, Casa Grande, AZ 85122
4,188 SF fully leased office building with investment potential.
Property Size4,188 SF
Price / SF$165.95
Days on Market151
Property Features for 1891 N Trekell Rd
General Information
Standard status
Active
Size
4,188 SF
Property subtype
Office
Building Details
Year Built
1996
Listing Agency:
Commercial Properties Inc
(480) 390-3515
Listed By:
Sarge Glenn · License #SA522625000
(480) 390-3515
Source:
Corfac
Added: Mar 5
Changed: Jul 6
Last Checked: Aug 2 at 5:58AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Commercial Properties Inc
Investment Insights
Based on property information with market context.
This 4,188 square foot multi-tenant office building is fully leased, offering immediate cash flow. The Class B building features masonry construction and a 10-foot clear height. The property is 100% air-conditioned. It has frontage on North Trekell Road and includes 23 parking spaces. Two tenants are currently on month-to-month leases, providing flexibility for rent adjustments. The third tenant's lease extends until June 2026, ensuring long-term stability. The property is located at the intersection of Trekell Road and Kortsen Road in Casa Grande, Arizona.
Key Highlights
- Fully leased multi‑tenant office building providing immediate cash flow.
- Month‑to‑month leases with two tenants offer flexibility for rent adjustments.
- Third tenant's lease extends to June 2026, ensuring long‑term income stability.
Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $97.5k | $23.28 |
| − Vacancy | −$20.5k | −$4.89 |
| EGI | $77.0k | $18.39 |
| − OpEx | −$19.3k | −$4.60 |
| NOI | $57.8k | $13.79 |
4,188 SF · lease $23.28/SF/yr · vacancy 21.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$825.2K
$722.1K – $962.8K
NOI $57,767 @ 7.0% cap · market cap 8.31%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.16M
$1.01M – $1.35M
NOI $81,047 @ 7.0% cap · market cap 11.66%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
518
Businesses Nearby
Explore this area
Business Placement
Demographics for 85122, AZ
55,063
Population
24,238
Households
2.3
Avg Household Size
39
Median Age
19%
College-Educated
88%
High-School Grad
56.4 sq mi
ZIP Area
976
Density / Sq Mi
$64,243
Median Household Income
$38,679
Median Earnings
$1,289
Median Rent
$242,500
Median Home Value
Market
Vacancy Rate% for Office in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office building - 4,188 SF fully leased office building with investment potential.
Where is this office building located?
The property is located at 1891 N Trekell Rd Casa Grande, AZ.
What is the asking price?
The asking price for this property is $695,000.
What are key features of this property?
This property features: Fully leased multi‑tenant office building providing immediate cash flow.; Month‑to‑month leases with two tenants offer flexibility for rent adjustments.; Third tenant's lease extends to June 2026, ensuring long‑term income stability.
