Retail Investment Opportunity on
For Sale
$1,493,700
800 E Florence Blvd, Casa Grande, AZ 85122
Highly visible retail property with prime frontage on Casa Grande's corridor.
Property Size7,660 SF
Price / SF$195
Days on Market322
Property Features for 800 E Florence Blvd
General Information
Standard status
Active
Size
7,660 SF
Taxes and HOA fees
Annual Taxes
$5,494
Listing Agency:
Keller Williams Legacy One
(520) 251-1034
Listed By:
Jeril Benedict · License #SA559234000
(520) 251-1034
Source:
Exprealty
Added: Oct 6, 2025
Changed: Aug 23
Last Checked: Aug 22 at 2:08PM
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
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
$75,202
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
5.03%
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%
$1,504,040
$1.5M
Cap Rate 7%
$1,074,314
$1.1M
Cap Rate 9%
$835,578
$835.6K
Market Conditions
NOI Build-Up for 7,660 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
$114.9K $15.00/SF
− Vacancy
−$7.5K −$0.98/SF
EGI
$107.4K $14.03/SF
− OpEx
−$32.2K −$4.21/SF
NOI
$75.2K $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%
$1,504,040
Cap Rate 7%
$1,074,314
Cap Rate 9%
$835,578
Alternative Uses
Best Use
Retail
$1.07M
$940.0K – $1.25M
NOI $75,202 @ 7.0% cap · market cap 5.03%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.12M
$1.85M – $2.47M
NOI $148,238 @ 7.0% cap · market cap 9.92%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
844
Businesses Nearby
124k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Dining 34%
Groceries 33%
Shops & Services 32%
Beauty & Spa 1%
Food City Arizona
Groceries
40,702 visits/mo
0.5 miles
C-A-L Ranch Stores
Shops & Services
23,948 visits/mo
0.3 miles
Wendy's
Dining
17,765 visits/mo
0.4 miles
Burger King
Dining
13,205 visits/mo
0.1 miles
Whataburger
Dining
6,101 visits/mo
0.2 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.**
