Wonder Bar Pub
New
For Sale
$500,000
310 W 2nd St, Casa Grande, AZ 85122
A 1,908-square-foot hospitality property built in 1942, with restaurant and entertainment use subject to applicable approvals.
Property Size1,908 SF
Price / SF$262.05
Days on Market6
Property Features for 310 W 2nd St
General Information
Standard status
Active
Size
1,908 SF
Property subtype
Commercial
Building Details
Year Built
1942
Listing Agency:
Keller Williams Legacy One Realty
Listed By:
Jeril Benedict · License #SA559234000
(520) 251-1034
Source:
Allarizonahomesforsale
Added: Sep 8
Changed: Sep 13
Last Checked: Sep 13 at 10:35AM
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 Keller Williams Legacy One Realty
Investment Insights
Based on property information with market context.
The Wonder Bar is a 1,908-square-foot commercial property constructed in 1942. Its existing identity and hospitality-oriented positioning support consideration for bar, restaurant, entertainment, or other commercial concepts, subject to applicable approvals.
Located at 310 W 2nd St in downtown Casa Grande, the property offers access and visibility within the downtown setting. The asset may suit an owner-operator, investor, or entrepreneur seeking a bar and pub property with an established local presence.
Located at 310 W 2nd St in downtown Casa Grande, the property offers access and visibility within the downtown setting. The asset may suit an owner-operator, investor, or entrepreneur seeking a bar and pub property with an established local presence.
Key Highlights
- 1,908‑square‑foot commercial property
- Built in 1942
- Located at 310 W 2nd St in downtown Casa Grande
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
$24,084
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
4.82%
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%
$481,680
$481.7K
Cap Rate 7%
$344,057
$344.1K
Cap Rate 9%
$267,600
$267.6K
Market Conditions
NOI Build-Up for 1,908 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
$34.3K $18.00/SF
− Vacancy
−$2.2K −$1.17/SF
EGI
$32.1K $16.83/SF
− OpEx
−$8.0K −$4.21/SF
NOI
$24.1K $12.62/SF
Area
Pinal County, AZ
Vacancy
6.50%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
25.00%
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%
$481,680
Cap Rate 7%
$344,057
Cap Rate 9%
$267,600
Alternative Uses
Best Use
Specialty Retail
$344.1K
$301.1K – $401.4K
NOI $24,084 @ 7.0% cap · market cap 4.82%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$527.5K
$461.6K – $615.4K
NOI $36,924 @ 7.0% cap · market cap 7.38%
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
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- rbg BAR & GRILL — 777 N Pinal Ave, Casa Grande, AZ 85122
- Wonder Bar — 310 W 2nd St, Casa Grande, AZ 85122
Frequently Asked Questions
What type of property is this?
Bar & Pub - A 1,908-square-foot hospitality property built in 1942, with restaurant and entertainment use subject to applicable approvals.
Where is this bar & pub located?
The property is located at 310 W 2nd St Casa Grande, AZ.
What is the asking price?
The asking price for this property is $500,000.
What are key features of this property?
This property features: 1,908‑square‑foot commercial property; Built in 1942; Located at 310 W 2nd St in downtown Casa Grande
