Vintage Auto Repair and Sales
For Sale
Contact for pricing
312 W 2nd St, Casa Grande, AZ 85122
A 1950 vintage building built for auto repair or sales, with an existing month-to-month pet grooming tenant.
Property Size7,915 SF
Price / SF$107.39
Days on Market1020
Property Features for 312 W 2nd St
General Information
Standard status
Active
Size
7,915 SF
Property subtype
INDUSTRIAL
Building Details
Year Built
1950
Listing Agency:
Commercial Properties Inc
(480) 966-2301
Listed By:
Toby Campbell · License #SA537130000
(602) 561-2946
Source:
Moodyscre
Added: Nov 27, 2023
Changed: Aug 8
Last Checked: Sep 12 at 7:42AM
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 vintage downtown building was constructed in 1950 and totals 7,915 square feet. It is tailored for auto repair or sales, with the layout designed to support automotive-oriented operations.
The property also includes an existing lease in place with a pet grooming business occupying 1,500 square feet on a month-to-month basis.
Overall, the building offers a single structure configured for automotive use, with a portion currently leased to a separate pet grooming tenant.
The property also includes an existing lease in place with a pet grooming business occupying 1,500 square feet on a month-to-month basis.
Overall, the building offers a single structure configured for automotive use, with a portion currently leased to a separate pet grooming tenant.
Key Highlights
- 7,915 SF vintage Downtown Casa Grande building constructed in 1950
- Designed for auto repair or auto sales use
- Includes an existing month‑to‑month lease with a pet grooming business occupying 1,500 SF
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$77,706
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
9.14%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,554,120
$1.6M
Cap Rate 7%
$1,110,086
$1.1M
Cap Rate 9%
$863,400
$863.4K
Market Conditions
NOI Build-Up for 7,915 SF
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.
Gross rent
$118.7K $15.00/SF
− Vacancy
−$7.7K −$0.98/SF
EGI
$111.0K $14.03/SF
− OpEx
−$33.3K −$4.21/SF
NOI
$77.7K $9.82/SF
Area
Pinal County, AZ
Vacancy
6.50%
Lease Rate
$15.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,554,120
Cap Rate 7%
$1,110,086
Cap Rate 9%
$863,400
Alternative Uses
Best Use
Retail
$1.11M
$971.3K – $1.30M
NOI $77,706 @ 7.0% cap · market cap 9.14%
Second Best
Industrial
$549.1K
$480.5K – $640.7K
NOI $38,440 @ 7.0% cap · market cap 4.52%
Theoretical Best
Office A
$2.19M
$1.91M – $2.55M
NOI $153,173 @ 7.0% cap · market cap 18.02%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
843
Businesses Nearby
31k
Monthly Visits Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 34%
Groceries 33%
Dining 28%
Home Improvements & Furnishings 5%
Food City Arizona
Groceries
10,492 visits/mo
0.2 miles
Whataburger
Dining
6,101 visits/mo
0.4 miles
AutoZone
Shops & Services
4,311 visits/mo
0.2 miles
O'Reilly Auto Parts
Shops & Services
3,773 visits/mo
0.3 miles
Domino's Pizza
Dining
2,632 visits/mo
0.1 miles
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 Retail in West region
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Similar Off Market Nearby
- Custom Auto & Truck Services — 32 n brown ave, casa grande, az 85122
- Hartfield's Tire — 875 Jimmie Kerr Blvd, Casa Grande, AZ 85122
- Western Auto and RV — 1146 East Jimmie Kerr Blvd, Casa Grande, AZ 85122
- J&J TRUCK AND TRAILER REPAIRS — 32 N Brown Ave, Casa Grande, AZ 85122
- Williams Spray Co — 885 W Hwy 84, Casa Grande, AZ 85122
Frequently Asked Questions
What type of property is this?
Auto shop - A 1950 vintage building built for auto repair or sales, with an existing month-to-month pet grooming tenant.
Where is this auto shop located?
The property is located at 312 W 2nd St Casa Grande, AZ.
What is the asking price?
The asking price for this property is $850,000.
What are key features of this property?
This property features: 7,915 SF vintage Downtown Casa Grande building constructed in 1950; Designed for auto repair or auto sales use; Includes an existing month‑to‑month lease with a pet grooming business occupying 1,500 SF
