Casa Grande Industrial
For Sale
$5,500,000
550 W Centennial Blvd, Casa Grande, AZ 85122
Multi-building industrial property with expansion potential in Casa Grande, Arizona.
Property Size42,865 SF
Lot Size5.37 Acres
Price / SF$220
Days on Market171
Property Features for 550 W Centennial Blvd
General Information
Standard status
Active
Size
42,865 SF
Lot size
5.37 Acres
Property subtype
Industrial
Building Details
Building Size
42,865 SF
Year Built
2000
Listing Agency:
Commercial Properties Inc
Listed By:
Dallan Randall · License #670916000
(480) 262-1023
Source:
Cpiaz
Added: Mar 26
Changed: Sep 9
Last Checked: Sep 12 at 8:02AM
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 industrial property is located in the Casa Grande Municipal Airport Industrial Park. The property includes a 25,000-square-foot multi-functional warehouse and a 17,000-square-foot office/manufacturing building. The site also features approximately 2 acres of vacant land, suitable for expansion or yard use. The total lot size is approximately 5.37 acres. The property is positioned within a rapidly expanding industrial hub, benefiting from its proximity to major transportation routes, including the I-10, Casa Grande Municipal Airport, and Phoenix Sky Harbor International Airport. The area is home to major companies such as Lucid Motors, Nikola, Chang Chun, LCY Electronic Materials, Solvay Corporation, and Jing He Science Company, indicating a skilled workforce is available. This property presents an opportunity for industrial operations.
Key Highlights
- Strategic location in the rapidly expanding Casa Grande Municipal Airport Industrial Park.
- ±5.37‑acre lot with a ±25,000 SF warehouse and a ±17,000 SF office/manufacturing building.**
- ±2 acres of vacant land available for expansion or yard use.**
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
$257,050
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
4.67%
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%
$5,141,000
$5.1M
Cap Rate 7%
$3,672,143
$3.7M
Cap Rate 9%
$2,856,111
$2.9M
Market Conditions
NOI Build-Up for 25,000 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
$348.0K $13.92/SF
− Vacancy
−$45.6K −$1.82/SF
EGI
$302.4K $12.10/SF
− OpEx
−$45.4K −$1.81/SF
NOI
$257.1K $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%
$5,141,000
Cap Rate 7%
$3,672,143
Cap Rate 9%
$2,856,111
Alternative Uses
Best Use
Warehouse
$3.67M
$3.21M – $4.28M
NOI $257,050 @ 7.0% cap · market cap 4.67%
Second Best
Industrial
$1.73M
$1.52M – $2.02M
NOI $121,414 @ 7.0% cap · market cap 2.21%
Theoretical Best
Office A
$6.91M
$6.05M – $8.06M
NOI $483,806 @ 7.0% cap · market cap 8.80%
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
178
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
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Market
Vacancy Rate% for Industrial in West region
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Similar Off Market Nearby
- Record Nations — 2820 N Pinal Ave #12, Casa Grande, AZ 85122
Frequently Asked Questions
What type of property is this?
Warehouse - Multi-building industrial property with expansion potential in Casa Grande, Arizona.
Where is this warehouse located?
The property is located at 550 W Centennial Blvd Casa Grande, AZ.
What is the asking price?
The asking price for this property is $5,500,000.
What are key features of this property?
This property features: Strategic location in the rapidly expanding Casa Grande Municipal Airport Industrial Park.; ±5.37‑acre lot with a ±25,000 SF warehouse and a ±17,000 SF office/manufacturing building.**; ±2 acres of vacant land available for expansion or yard use.**
