Retail Investment Opportunity on
For Sale
Contact for pricing
800 E Florence Blvd, Casa Grande, AZ 85122
Highly visible retail property with prime frontage on Casa Grande's corridor.
Property Size4,421 SF
Price / SF$337.86
Days on Market173
Property Features for 800 E Florence Blvd
General Information
Standard status
Active
Size
4,421 SF
Property subtype
Retail
Investment Type
Owner/User
Building Details
Year Built
1964
Listing Agency:
KW Keeler Williams
(520) 251-1034
Listed By:
Jeril Benedict · License #AZ SA559234000
Source:
Crexi
Added: Feb 19
Changed: Aug 8
Last Checked: Aug 11 at 1:24PM
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 Keeler Williams
Investment Insights
Based on property information with market context.
This retail property, located at 800 E. Florence Blvd in Casa Grande, Arizona, presents an investment opportunity along the city's main retail corridor. The property, with a size of 4421 square feet, features prime frontage and easy access. Formerly a thrift store, the property offers an open floor plan and flexible zoning, making it suitable for both owner-users and investors. The location offers strong visibility and long-term growth potential. Potential business uses include discount retailers, boutique shops, fitness centers, appliance and furniture stores, specialty markets, medical offices, or franchise concepts. The property benefits from excellent signage, ample parking, and high traffic exposure.
Key Highlights
- Prime location on Casa Grande's busiest retail corridor (Florence Blvd) with high visibility and easy access.
- Flexible zoning suitable for a wide range of businesses (retail, medical, fitness, etc.).
- Open floor plan ideal for owner‑users or investors.**
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
$43,403
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
2.91%
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%
$868,060
$868.1K
Cap Rate 7%
$620,043
$620.0K
Cap Rate 9%
$482,256
$482.3K
Market Conditions
NOI Build-Up for 4,421 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
$66.3K $15.00/SF
− Vacancy
−$4.3K −$0.98/SF
EGI
$62.0K $14.03/SF
− OpEx
−$18.6K −$4.21/SF
NOI
$43.4K $9.82/SF
Area
Pinal County, AZ
Vacancy
6.50%
Lease Rate
$15.00 /SF/Yr
Expense Ratio
30.00%
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%
$868,060
Cap Rate 7%
$620,043
Cap Rate 9%
$482,256
Alternative Uses
Best Use
Retail
$620.0K
$542.5K – $723.4K
NOI $43,403 @ 7.0% cap · market cap 2.91%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.22M
$1.07M – $1.43M
NOI $85,556 @ 7.0% cap · market cap 5.73%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
859
Businesses Nearby
265k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Dining 47%
Superstores 45%
Home Improvements & Furnishings 5%
Hotels & Casinos 2%
Walmart
Superstores
119,934 visits/mo
0.4 miles
Whataburger
Dining
26,253 visits/mo
0.2 miles
Texas Roadhouse
Dining
24,387 visits/mo
0.1 miles
Chipotle Mexican Grill
Dining
17,498 visits/mo
0.3 miles
Panda Express
Dining
16,304 visits/mo
0.4 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
Market
Vacancy Rate% for Retail in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Retail space - Highly visible retail property with prime frontage on Casa Grande's corridor.
Where is this retail space located?
The property is located at 800 E Florence Blvd Casa Grande, AZ.
What is the asking price?
The asking price for this property is $1,493,700.
What are key features of this property?
This property features: Prime location on Casa Grande's busiest retail corridor (Florence Blvd) with **high visibility and easy access.**; Flexible zoning suitable for a wide range of businesses (retail, medical, fitness, etc.).; Open floor plan ideal for owner‑users or investors.**
