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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    1226 E Florence Blvd Casa Grande, AZ 85122

    • Strip malls
    • 88,399 SF
    • 10.70 lot acres
    For Lease
    View listing
    Last Sale
    May 08, 2024
    $7,668,462
    Value Estimations
    $7,670,000
    Cap Rate Potential
    Location Intelligence
    Property ID
    US07-2733804
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Nico's Mexican Food / Restaurant
    • Renewed Alcohol Withdrawal Casa Grande / Health Counselor

    Property Details for 1226 E Florence Blvd

    Year built
    1976
    Construction
    CONCRETE
    Lot size
    10.70 lot acres
    Property size
    88,399 SF
    Property type
    Strip malls
    Property subtype
    Neighborhood centers
    APN
    505-20-007A
    APU
    50520007A

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $7,670,000
      ML approach
      $7,670,000

    • Alternative Use

      Use
      Estimation
      RESTAURANT
      $12,420,000
      WAREHOUSE, STORAGE
      $8,100,000
      RETAIL STORES
      $7,510,000
      OFFICE BUILDING
      $6,755,000
      MEDICAL BUILDING
      $6,415,000

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Casa Grande
    County
    Pinal
    State
    Arizona
    Longitude
    -111.734
    Latitude
    32.8805
    CBSA code
    38060
    CBSA name
    PHOENIX-MESA-SCOTTSDALE, AZ METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $64,419
    $361,277
    $1,044,071
    $1,405,348
    -
    $2,007,094
    $5,800,397
    $7,807,491

    Comparable in this City

    • Value Estimation by Request
      4,369 SF

      2812 Pinal Ave

      SHOPPING CENTER, STRIP CENTER • 4,369 SF
      2812 Pinal Ave, Casa Grande, AZ 85122-7917
      View Details
    • Value Estimation by Request
      5,434 SF

      2820 Pinal Ave

      SHOPPING CENTER, STRIP CENTER • 5,434 SF
      2820 Pinal Ave, Casa Grande, AZ 85122-7918
      View Details
    • Value Estimation
      $1,055,000
      46,035 SF

      1162 Florence Blvd

      SHOPPING CENTER, STRIP CENTER • 46,035 SF
      1162 Florence Blvd, Casa Grande, AZ 85122-4216
      View Details
    • Value Estimation by Request
      1,600 SF

      1350 Florence Blvd

      SHOPPING CENTER, STRIP CENTER • 1,600 SF
      1350 Florence Blvd, Casa Grande, AZ 85122-4772
      View Details
    • Value Estimation by Request
      702 SF

      964 Cottonwood Ln

      SHOPPING CENTER, STRIP CENTER • 702 SF
      964 Cottonwood Ln, Casa Grande, AZ 85122-2230
      View Details
    • Value Estimation by Request
      10,585 SF

      1645 Trekell Rd

      SHOPPING CENTER, STRIP CENTER • 10,585 SF
      1645 Trekell Rd, Casa Grande, AZ 85122-2727
      View Details

    Similar Nearby for Sale

    • $850,000
      7,915 SF

      Casa Grande Mixed-Use Investment

      7,915 SF Office/Warehouse, $850K
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    • $975,000
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      Restaurant/Retail Space For Sale

      Operating Mexican food restaurant / retail space available for sale.
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    • $925,000
      10,820 SF

      Casa Grande Retail/Office Opportunity

      Prime frontage on Florence Boulevard, suitable for retail or office.
      505-517 E Florence Blvd, Casa Grande, AZ 85122
      View Details
    • $2,400,000
      14,736 SF

      Walgreens Leasehold Interest in AZ

      High-yield Walgreens NNN lease, Casa Grande.
      2785 Pinal Ave, Casa Grande, AZ 85122
      View Details
    • Contact for pricing
      2,117 SF

      Freestanding Drive-Thru Restaurant Opportunity

      2,117 SF drive-thru restaurant on 0.48 acres in Casa Grande.
      405 E Florence Blvd, Casa Grande, AZ 85122
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      Downtown Casa Grande Auto Shop

      7,915 SF building suitable for auto repair/sales.
      312 W 2Nd St, Casa Grande, AZ 85122
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    Similar Nearby for Lease

    • Contact for pricing
      1,334 SF

      Retail Space in Casa Grande

      Safeway-anchored neighborhood center with available in-line space.
      1667 N Trekell Rd, Casa Grande, AZ 85122
      View Details
    • Contact for pricing
      1,293 SF

      Safeway-Anchored Retail Center Available

      Retail spaces available in high-growth market between Phoenix and Tucson.
      992 E Cottonwood Ln, Casa Grande, AZ 85122
      View Details
    • Contact for pricing
      2,295 SF

      Casa Grande Retail Center For Lease

      Prime Retail Space, 2,295 SF Available
      0 Nec Pinal Ave & Mccartney Rd, Casa Grande, AZ 85122
      View Details
    • Contact for pricing
      1,120 SF

      Grocery-Anchored Retail Space Available

      Prominent retail space in Casa Grande near high school.
      2876 N Pinal Ave, Casa Grande, AZ 85122
      View Details
    • Contact for pricing
      3,884 SF

      Restaurant Space in Fry's Center

      End-cap restaurant space available Summer 2025 in Casa Grande.
      2820 N Pinal Ave, Casa Grande, AZ 85122
      View Details
    • Contact for pricing
      1,128 SF

      Retail Space Near Manufacturing Plants

      Retail space near Lucid and Nikola manufacturing plants.
      1348 E Florence Blvd, Casa Grande, AZ 85122
      View Details

    Property Visit Statistics

    • Visits by month
      1.2k
    • Visitors by month
      632
    • Avg Time on site
      27 min
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    Casa Grande, AZ 85122
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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