Property profile

1026 Promenade Pkwy Casa Grande, AZ 85194

OFF-MARKET
Commercial land
Property ID
US07-1328023
0.71 ac lot
Entity Owned 7-yr Hold Free & Clear
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Property summary

AI-generated overview

This retail shopping center is located on the northeast corner of Interstate 10 and Florence Boulevard in Casa Grande, Arizona, approximately 48 miles southeast of Phoenix Sky Harbor International Airport. The center is configured as a multi-tenant commercial property with designated retail spaces and additional development flexibility, including available pad sites and build-to-suit potential. It has been anchored by national and credit-quality tenants and includes a mix of established co-tenants and shadow tenants, with retailers such as Harkins Theatres, Ross Dress for Less, Marshalls, Bealls Outlet, Bed Bath & Beyond, Michaels, PetSmart, Ashley’s Outlet, HomeGoods, Burlington Coat Factory, Five Below, Bath & Body Works, Shoe Dept, Encore, Ulta, and Dollar Tree, as well as additional shadow tenants including Dillards, JCPenney, and Kohls. The center is positioned within a residential growth area and is located along a major interstate corridor.

Property profile

Verified
Property type Commercial land
Use group VACANT COMMERCIAL LAND
Lot 0.71 ac (30,928 SF)
APN 505-24-0130
UPID US07-1328023

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

1026 Promenade Pkwy Casa Grande, AZ 85194-5401
Casa Grande metro Census 1408 PHOENIX-MESA-SCOTTSDALE, AZ METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$280k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$280k

Owner & transaction history

since 2018
4 recorded transactions
2018
Price N/A
2018
$26.0M
2010
Price N/A
2006
$14.5M

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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