Professional Office Building with
For Sale
$375,000
330 N Picacho Street, Casa Grande, AZ 85122
Professional office building with multiple offices, reception areas, kitchen, and secured back parking.
Days on Market60
Property Features for 330 N Picacho Street
General Information
Standard status
Active
Property subtype
Commercial
Zoning
B1 & B2
Additional Details
Business Included
No
Fenced Yard
Yes
Building Details
Building Size
1,800 SF
Year Built
1947
Listing Agency:
Ivory Towers Realty
(520) 840-5986
Listed By:
Antonio B Burruel · License #SA652486000
(520) 840-5986
Source:
Sunhaven-realestate
Added: Jun 3
Changed: Jul 28
Last Checked: Aug 1 at 12:16PM
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 Ivory Towers Realty
Investment Insights
Based on property information with market context.
This professional office building includes four offices, two reception areas, an office supply room, and a waiting area. The interior also features a kitchen setup with an electric range and refrigerator, along with a large utility room and sink. There is a full bathroom with a separate shower and an additional half bathroom. Additional space can support a conference room or storage area, with multiple storage rooms and shelving. The property also offers an upstairs loft for office equipment or additional storage, and has three exits.
The property is described as commercially zoned B1 & B2, and the listing notes that it could potentially be residential as well, with the buyer and buyer’s agent to verify zoning and permitted uses. The building has a large back area parking setup, including a closed-in secure back parking lot with fencing.
The property is reported to need TLC, and all items will be removed prior to COE.
The property is described as commercially zoned B1 & B2, and the listing notes that it could potentially be residential as well, with the buyer and buyer’s agent to verify zoning and permitted uses. The building has a large back area parking setup, including a closed-in secure back parking lot with fencing.
The property is reported to need TLC, and all items will be removed prior to COE.
Key Highlights
- Professional office building built in 1947 with 4 offices and two reception areas
- Includes full kitchen setup with electric range and refrigerator
- Large utility room with sink, plus full bathroom with separate shower and an additional 1/2 bathroom
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 | $41.9k | $23.28 |
| − Vacancy | −$8.8k | −$4.89 |
| EGI | $33.1k | $18.39 |
| − OpEx | −$8.3k | −$4.60 |
| NOI | $24.8k | $13.79 |
1,800 SF · lease $23.28/SF/yr · vacancy 21.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$354.7K
$310.4K – $413.8K
NOI $24,828 @ 7.0% cap · market cap 6.62%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$497.6K
$435.4K – $580.6K
NOI $34,834 @ 7.0% cap · market cap 9.29%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
Yes
Fenced yard
Location Intelligence
Trade Area within ½ mile
932
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 - Professional office building with multiple offices, reception areas, kitchen, and secured back parking.
Where is this office building located?
The property is located at 330 N Picacho Street Casa Grande, AZ.
What is the asking price?
The asking price for this property is $375,000.
What are key features of this property?
This property features: Professional office building built in 1947 with 4 offices and two reception areas; Includes full kitchen setup with electric range and refrigerator; Large utility room with sink, plus full bathroom with separate shower and an additional 1/2 bathroom
