Single-Story Freestanding Office
For Sale
Contact for pricing
15866 W Cambridge Street, Casa Grande, AZ 85193
Freestanding office building with ample parking and flexible CB-2 zoning, previously used as a church.
Property Size3,200 SF
Price / SF$120
Days on Market103
Property Features for 15866 W Cambridge Street
General Information
Standard status
Active
Size
3,200 SF
Property subtype
Mixed Use
Zoning
CB-2
Investment Type
Owner/User
Building Details
Year Built
2000
Buildings
1
Stories
1
Units
1
Listing Agency:
KW Commercial Integrity First Realty -- Mesa/Gilbert
Listed By:
Melody Bramer · License #AZ SA526989000
(602) 290-3643
Source:
Crexi
Added: May 29
Changed: Aug 26
Last Checked: Sep 8 at 3:50AM
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 KW Commercial Integrity First Realty -- Mesa/Gilbert
Investment Insights
Based on property information with market context.
This freestanding, single-story office building offers an adaptable interior layout and a layout that previously served as a church. The property sits on a 0.69-acre lot with ample parking to support customer and staff access, and it is presented as a flexible option for office-oriented users and other compatible uses under CB-2 zoning.
The site is located just off Trekell Road, minutes from Downtown Casa Grande’s dining, retail, and community amenities. The location also provides proximity to major employers, including Lucid.
For owner-users or tenants seeking a standalone facility, the property’s freestanding setup can support privacy and straightforward operations compared with multi-tenant configurations. The building’s prior church use and adaptable footprint may align with office, church, retail, or light storage users, subject to CB-2 zoning requirements and applicable approvals. Overall, it provides a practical, enclosed commercial space with parking and zoning flexibility in a market with limited comparable standalone inventory.
The site is located just off Trekell Road, minutes from Downtown Casa Grande’s dining, retail, and community amenities. The location also provides proximity to major employers, including Lucid.
For owner-users or tenants seeking a standalone facility, the property’s freestanding setup can support privacy and straightforward operations compared with multi-tenant configurations. The building’s prior church use and adaptable footprint may align with office, church, retail, or light storage users, subject to CB-2 zoning requirements and applicable approvals. Overall, it provides a practical, enclosed commercial space with parking and zoning flexibility in a market with limited comparable standalone inventory.
Key Highlights
- Freestanding single‑story office building built in 2000 at 15866 W Cambridge Street, Casa Grande, AZ 85193
- 3,200 SF building on a 0.69‑acre lot with ample parking
- Flexible CB‑2 zoning; formerly used as a church with adaptable space for office, church, retail, or light storage users
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
$32,902
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
8.57%
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%
$658,040
$658.0K
Cap Rate 7%
$470,029
$470.0K
Cap Rate 9%
$365,578
$365.6K
Market Conditions
NOI Build-Up for 3,200 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
$44.5K $13.92/SF
− Vacancy
−$5.8K −$1.82/SF
EGI
$38.7K $12.10/SF
− OpEx
−$5.8K −$1.81/SF
NOI
$32.9K $10.28/SF
Area
Pinal County, AZ
Vacancy
13.10%
Lease Rate
$13.92 /SF/Yr
Expense Ratio
15.00%
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%
$658,040
Cap Rate 7%
$470,029
Cap Rate 9%
$365,578
Alternative Uses
Best Use
Office B
$630.6K
$551.7K – $735.7K
NOI $44,139 @ 7.0% cap · market cap 11.49%
Second Best
Warehouse
$470.0K
$411.3K – $548.4K
NOI $32,902 @ 7.0% cap · market cap 8.57%
Theoretical Best
Office A
$884.7K
$774.1K – $1.03M
NOI $61,927 @ 7.0% cap · market cap 16.13%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
13
Businesses Nearby
Explore this area
Business Placement
Demographics for 85193, AZ
4,450
Population
1,650
Households
2.7
Avg Household Size
40
Median Age
6%
College-Educated
74%
High-School Grad
213.3 sq mi
ZIP Area
21
Density / Sq Mi
$61,860
Median Household Income
$33,878
Median Earnings
$846
Median Rent
$118,900
Median Home Value
Market
Vacancy Rate% for Office in West region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Office building - Freestanding office building with ample parking and flexible CB-2 zoning, previously used as a church.
Where is this office building located?
The property is located at 15866 W Cambridge Street Casa Grande, AZ.
What is the asking price?
The asking price for this property is $384,000.
What are key features of this property?
This property features: Freestanding single‑story office building built in 2000 at 15866 W Cambridge Street, Casa Grande, AZ 85193; 3,200 SF building on a 0.69‑acre lot with ample parking; Flexible CB‑2 zoning; formerly used as a church with adaptable space for office, church, retail, or light storage users
