Single-Story Office
For Sale
$259,000
637 E Cottonwood Lane, Casa Grande, AZ 85122
Single-story office building with five private offices, reception area, kitchenette, and private restroom.
Property Size1,130 SF
Price / SF$215.83
Days on Market45
Property Features for 637 E Cottonwood Lane
General Information
Standard status
Active
Size
1,130 SF
Property subtype
Commercial
Zoning
CO
Taxes and HOA fees
Annual Taxes
$1,420
Amenities
five private offices
spacious reception area
kitchenette
private restroom
Building Details
Building Size
1,130 SF
Year Built
1984
Buildings
1
Stories
1
Listing Agency:
Keller Williams Legacy One Realty
(520) 426-1626
Listed By:
Brett Benedict · License #SA690904000
(520) 426-1626
Source:
Sunhaven-realestate
Added: Jul 10
Changed: Aug 23
Last Checked: Aug 23 at 6:42AM
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 Keller Williams Legacy One Realty
Investment Insights
Based on property information with market context.
This single-story office building is approximately 1,200 square feet and includes five private offices, a spacious reception area, a kitchenette, and a private restroom. The existing layout supports a professional, client-facing workflow with distinct rooms for offices and reception.
The property is conveniently located near Trekell Road and described as having excellent visibility and accessibility. Its configuration and street-level access are designed to accommodate both clients and staff.
Offered for sale as a standalone office building in an established commercial area, the space is well suited for an owner-user or an investor looking for office real estate with existing interior improvements.
The property is conveniently located near Trekell Road and described as having excellent visibility and accessibility. Its configuration and street-level access are designed to accommodate both clients and staff.
Offered for sale as a standalone office building in an established commercial area, the space is well suited for an owner-user or an investor looking for office real estate with existing interior improvements.
Key Highlights
- Approximately 1,200 SF single‑story professional office building in Casa Grande
- Includes five private offices plus a spacious reception area
- Features a kitchenette and a private restroom
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
$16,552
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
6.39%
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%
$331,040
$331.0K
Cap Rate 7%
$236,457
$236.5K
Cap Rate 9%
$183,911
$183.9K
Market Conditions
NOI Build-Up for 1,200 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
$27.9K $23.28/SF
− Vacancy
−$5.9K −$4.89/SF
EGI
$22.1K $18.39/SF
− OpEx
−$5.5K −$4.60/SF
NOI
$16.6K $13.79/SF
Area
Pinal County, AZ
Vacancy
21.00%
Lease Rate
$23.28 /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%
$331,040
Cap Rate 7%
$236,457
Cap Rate 9%
$183,911
Alternative Uses
Best Use
Office B
$236.5K
$206.9K – $275.9K
NOI $16,552 @ 7.0% cap · market cap 6.39%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$331.8K
$290.3K – $387.1K
NOI $23,223 @ 7.0% cap · market cap 8.97%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
571
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 - Single-story office building with five private offices, reception area, kitchenette, and private restroom.
Where is this office building located?
The property is located at 637 E Cottonwood Lane Casa Grande, AZ.
What is the asking price?
The asking price for this property is $259,000.
What are key features of this property?
This property features: Approximately 1,200 SF single‑story professional office building in Casa Grande; Includes five private offices plus a spacious reception area; Features a kitchenette and a private restroom
