NNN-Leased Medical Office
1295 E Florence Blvd, Casa Grande, AZ 85122
For Sale
$1,790,000
NNN medical or office property with a leased suite through November 2028 and B-2 zoning.
Property Size4,667 SF
Price / SF$383.54
Days on Market143
Property Features for 1295 E Florence Blvd
General Information
Standard status
Size
Class
Property subtype
Zoning
Building Details
Building Size
Year Built
Listing Agency:
Menlo Group Commercial Real Estate
Listed By:
Jason Triano, CCIM
(480) 228-6137
Source:
Menlocre
Added: Jun 25
Changed: Nov 4
Last Checked: Nov 12 at 6:43AM
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 Menlo Group Commercial Real Estate
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
The property is a 4,667 SF medical office/office building configured for professional use, with a leased suite of 1,868 SF. It is presented as a NNN lease investment and also as a potential owner-user option, particularly for office or medical operators who want an existing, versatile layout. The listing notes it is suited for a dentist relocation or expansion plan.
The building is located at 1295 E Florence Blvd in Casa Grande, Arizona, positioned at a busy intersection. Zoning is identified as B-2, supporting a range of commercial uses consistent with office and medical needs. The lease structure is identified as NNN, with the current lease expiring in November 2028.
For investors, the unit economics presented with the lease include an NOI of $37,070 tied to the 1,868 SF leased suite. For owner-users, the combination of a leased professional suite, B-2 zoning, and a layout described as versatile may fit tenants seeking a medical-office oriented environment. This offering may also align with practitioners evaluating timing around the November 2028 lease expiration for future occupancy or repositioning.
The building is located at 1295 E Florence Blvd in Casa Grande, Arizona, positioned at a busy intersection. Zoning is identified as B-2, supporting a range of commercial uses consistent with office and medical needs. The lease structure is identified as NNN, with the current lease expiring in November 2028.
For investors, the unit economics presented with the lease include an NOI of $37,070 tied to the 1,868 SF leased suite. For owner-users, the combination of a leased professional suite, B-2 zoning, and a layout described as versatile may fit tenants seeking a medical-office oriented environment. This offering may also align with practitioners evaluating timing around the November 2028 lease expiration for future occupancy or repositioning.
Key Highlights
- 4,667 SF office/medical property at 1295 E Florence Blvd (Casa Grande, AZ), built in 1990
- NNN lease expires November 2028 with a leased suite size of 1,868 SF
- Net operating income (NOI) reported at $37,070
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$64,374
Cap Rate
3.60%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,287,480
$1.3M
Cap Rate 7%
$919,629
$919.6K
Cap Rate 9%
$715,267
$715.3K
Market Conditions
NOI Build-Up for 4,667 SF
Gross rent
$108.6K $23.28/SF
− Vacancy
−$22.8K −$4.89/SF
EGI
$85.8K $18.39/SF
− OpEx
−$21.5K −$4.60/SF
NOI
$64.4K $13.79/SF
Area
Pinal County, AZ
Vacancy
21.00%
Lease Rate
$23.28 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,287,480
Cap Rate 7%
$919,629
Cap Rate 9%
$715,267
Alternative Uses
Best Use
Office B
$919.6K
$804.7K – $1.07M
NOI $64,374 @ 7.0% cap · market cap 3.60%
Second Best
Healthcare Medical
$763.0K
$667.6K – $890.1K
NOI $53,408 @ 7.0% cap · market cap 2.98%
Theoretical Best
Office A
$1.29M
$1.13M – $1.51M
NOI $90,317 @ 7.0% cap · market cap 5.05%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
515
Businesses Nearby
Balanced
Demand for This Use
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Office in West region
Similar Off Market Nearby
- Thouvenelle Mari DVM — 615 N Peart Rd, Casa Grande, AZ 85122
- Small Animal Clinic: Adam Annie DVM — 615 N Peart Rd, Casa Grande, AZ 85122
- Small Animal Clinic, AAHA & AAFP Cat Friendly- Gold status — 615 N Peart Rd, Casa Grande, AZ 85122
- Small Animal Clinic: AAHA & Cat Friendly- Gold status accredited — 615 n peart rd #5364, casa grande, az 85122
Frequently Asked Questions
What type of property is this?
Medical Office Space - NNN medical or office property with a leased suite through November 2028 and B-2 zoning.
Where is this medical office space located?
The property is located at 1295 E Florence Blvd Casa Grande, AZ.
What is the asking price?
The asking price for this property is $1,790,000.
What are key features of this property?
This property features: 4,667 SF office/medical property at 1295 E Florence Blvd (Casa Grande, AZ), built in 1990; NNN lease expires November 2028 with a leased suite size of 1,868 SF; Net operating income (NOI) reported at $37,070
