Secured Flex Space with
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884 W Gila Bend Hwy, Casa Grande, AZ 85122
B-4-zoned flex property combines office/retail storefront space with a secured yard.
Property Size4,921 SF
Price / SF$201.13
Days on Market332
Property Features for 884 W Gila Bend Hwy
General Information
Standard status
Active
Size
4,921 SF
Property subtype
INDUSTRIAL
Zoning
B-4
Site & Location
Highway Access
Yes
Road Access
Yes
Fenced Yard
Yes
Outdoor Storage
Yes
Additional Details
Drive-In Doors
1
Building Details
Building Size
4,921 SF
Listing Agency:
Rein & Grossoehme
(480) 214-9403
Listed By:
Max Schumacher
Source:
Moodyscre
Added: Oct 3, 2025
Changed: Aug 29
Last Checked: Aug 29 at 8:22PM
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 Rein & Grossoehme
Investment Insights
Based on property information with market context.
This flex property combines industrial functionality with a predominantly office and retail storefront layout, representing 80% of the building. A grade-level door supports loading and access for warehouse operations, while B-4 zoning provides the stated land-use designation. The property also includes a fully fenced and secured ±1 AC dedicated yard.
Located on Gila Bend Highway in Casa Grande, the site benefits from highway frontage and reported exposure of approximately 9,000 VPD. The address is 884 W Gila Bend Hwy, Casa Grande, AZ 85122. An APN is identified as 504-240-018B.
Located on Gila Bend Highway in Casa Grande, the site benefits from highway frontage and reported exposure of approximately 9,000 VPD. The address is 884 W Gila Bend Hwy, Casa Grande, AZ 85122. An APN is identified as 504-240-018B.
Key Highlights
- 80% office/retail storefront configuration
- One grade‑level door for warehouse access
- B‑4 zoning
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
$68,581
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
6.86%
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%
$1,371,620
$1.4M
Cap Rate 7%
$979,729
$979.7K
Cap Rate 9%
$762,011
$762.0K
Market Conditions
NOI Build-Up for 4,972 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
$115.7K $23.28/SF
− Vacancy
−$24.3K −$4.89/SF
EGI
$91.4K $18.39/SF
− OpEx
−$22.9K −$4.60/SF
NOI
$68.6K $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%
$1,371,620
Cap Rate 7%
$979,729
Cap Rate 9%
$762,011
Alternative Uses
Best Use
Office B
$979.7K
$857.3K – $1.14M
NOI $68,581 @ 7.0% cap · market cap 6.86%
Second Best
Warehouse
$730.3K
$639.0K – $852.0K
NOI $51,122 @ 7.0% cap · market cap 5.11%
Theoretical Best
Office A
$1.37M
$1.20M – $1.60M
NOI $96,219 @ 7.0% cap · market cap 9.62%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
1
Drive-in doors
Yes
Fenced yard
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
130
Businesses Nearby
Well-served
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
Market
Vacancy Rate% for Office in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Flex space - B-4-zoned flex property combines office/retail storefront space with a secured yard.
Where is this flex space located?
The property is located at 884 W Gila Bend Hwy Casa Grande, AZ.
What is the asking price?
The asking price for this property is $1,000,000.
What are key features of this property?
This property features: 80% office/retail storefront configuration; One grade‑level door for warehouse access; B‑4 zoning
