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Property profile & analytics
OFF-MARKET
Estimated value
$620,000
Strip malls
1150 Florence Blvd Casa Grande, AZ 85122-4270
Entity Owned
9-yr Hold
Absentee Owner
Free & Clear
Property ID
US07-0591428
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
1970
Construction
CONCRETE
Total area
26,784 SF
Lot
3.26 ac (142,006 SF)
APN
505-20-008A
UPID
US07-0591428
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Mariscos Mazatlan Restaurant
-
Mariscos La Ensenadita Restaurant
-
Circle of Life Home Care Home Health Care Service
-
Big House Barber Shop Barber Shop
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$835k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$752k
Blend (final)
Blend
$620k
Owner & transaction history
Spirits LP · 9 yrs held
Spirits LP
since 2017
Last sale
$510,000
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Casa Grande submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Casa Grande submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
$500,000
ML approach
$835,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$620k
Range $558k – $682k · ±10% · vs last sale $510k (Mar 27 2025)
Last sale anchor
$510k
Mar 27 2025
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$23 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$25,016
Tax year 2023
Assessed value
$346,707
Assessed 2025
Previous assessed
$342,413
+1.3% YoY
Effective rate
7.22%
On assessed value
Assessed land
$120,317
Assessed improvement
$226,390
Land market value
$668,428
Improvement market value
$1,257,725
Total market value
$1,926,153
Applied tax rate
403.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Status
Off-Market
Year built
1970
Construction
CONCRETE
Heating
OTHER
Cooling
AC.PACKAGE
Stories
1
Total area
26,784 SF
Lot
3.26 ac (142,006 SF)
APN
505-20-008A
UPID
US07-0591428
Jurisdiction
PINAL
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Building & site characteristics
From public records
Year built
1970
Construction
CONCRETE
Heating
OTHER
Cooling
Yes
Stories
1
Lot
3.26 ac
Current owner
From public records · entity-resolved
Spirits LP
Entity
Free & Clear · 9 yrs held
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2017
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 22, 2017
—
Spirits LP
Tdd Properties INC
Warranty Deed
related
—
Dec 4, 2014
—
Tdd Properties INC
Terrance Nyquvest
Warranty Deed
$500,000 · The Foothills Bank
Apr 2, 2013
$765,000
Terrence Nyquvest
1150-1156 East Florence Bl
Grant Deed
—
Apr 6, 2010
—
Lb-ubs Commercial Trust 2006-c7
Morris Kevin J
Trustees Deed
related
—
Oct 18, 2006
$3,125,000
Bpre Casa Grande Center LLC
Casa Grande Center Investors LLC
Special Warranty Deed
—
Jun 26, 1998
$1,315,000
Casa Grande Center Investors
Lawrence & Geyser Casa Grande
Grant Deed
related
—
—
—
Tdd Properties INC
—
Deed Of Trust
related
$740,000 · Foothills Bk
—
—
Tdd Properties INC
—
Loan Modification
related
$2,470,000 · Foothills Bk
—
—
Tdd Properties INC
—
Loan Modification
related
$800,000 · Foothills Bk
—
—
Tdd Properties INC
—
Deed Of Trust
related
$740,000 · Foothills Bk
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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