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    Property profile & analytics

    1355 E Florence Blvd Casa Grande, AZ 85122

    • Super regional malls
    • 51,021 SF
    • 9.38 lot acres
    For Lease
    View listing
    Last Sale
    Mar 25, 2024
    $13,000,000
    Value Estimations
    $12,230,000
    Cap Rate Potential
    5%
    Super regional malls
    Location Intelligence
    Property ID
    US07-0097786
    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

    • J & C Beauty Supply and Fashion / Beauty Supply Store
    • I Puff Smoke Shop / Tobacco Shop
    • Sun-Kissed Beauty Lounge / Beauty Salon
    • Grifols - Biomat USA Casa Grande / Blood Bank
    • Simply Kids / Childrens Store

    Property Details for 1355 E Florence Blvd

    Year built
    1989
    Construction
    CONCRETE
    Lot size
    9.38 lot acres
    Property size
    51,021 SF
    Property type
    Super regional malls
    APN
    505-30-0710
    APU
    505300710

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $13,000,000
      ML approach
      $13,000,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $10,735,000
      6.5%
      $9,910,000
      7%
      $9,200,000

    • Alternative Use

      Use
      Estimation
      AUTO REPAIR, GARAGE
      $8,425,000
      COMMERCIAL (GENERAL)
      $8,180,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Casa Grande
    County
    Pinal
    State
    Arizona
    Longitude
    -111.728
    Latitude
    32.8775
    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
    $116,958
    $147,093
    $1,008,921
    $1,156,014
    -
    $817,186
    $5,605,117
    $6,422,303

    Comparable in this City

    • Value Estimation by Request
      45,855 SF

      1314 Florence Blvd

      REGIONAL SHOPPING CENTER, MALL • 45,855 SF
      1314 Florence Blvd, Casa Grande, AZ 85122-4770
      View Details
    • Value Estimation
      $1,130,000
      46,672 SF

      1346 Florence Blvd

      REGIONAL SHOPPING CENTER, MALL • 46,672 SF
      1346 Florence Blvd, Casa Grande, AZ 85122-4771
      View Details
    • Value Estimation
      $900,000
      50,367 SF

      1346 Florence Blvd

      REGIONAL SHOPPING CENTER, MALL • 50,367 SF
      1346 Florence Blvd, Casa Grande, AZ 85122-4771
      View Details
    • Value Estimation
      $315,000
      6,300 SF

      1395 Florence Blvd

      REGIONAL SHOPPING CENTER, MALL • 6,300 SF
      1395 Florence Blvd, Casa Grande, AZ 85122-5318
      View Details
    • Value Estimation
      $830,000
      70,583 SF

      1385 Florence Blvd

      REGIONAL SHOPPING CENTER, MALL • 70,583 SF
      1385 Florence Blvd, Casa Grande, AZ 85122-5318
      View Details
    • Value Estimation
      $16,060,000
      114,383 SF

      1325 Florence Blvd

      REGIONAL SHOPPING CENTER, MALL • 114,383 SF
      1325 Florence Blvd, Casa Grande, AZ 85122-5120
      View Details

    Similar Nearby for Sale

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      14,736 SF

      Walgreens Leasehold Interest in AZ

      High-yield Walgreens NNN lease, Casa Grande.
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      Restaurant/Retail Space For Sale

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      Casa Grande Retail/Office Opportunity

      Prime frontage on Florence Boulevard, suitable for retail or office.
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      Casa Grande Restaurant - $925K

      Established Restaurant, 3584 SF, Prime Location
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      Casa Grande Mixed-Use Investment

      7,915 SF Office/Warehouse, $850K
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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.
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      View Details
    • Contact for pricing
      1,293 SF

      Safeway-Anchored Retail Center Available

      Retail spaces available in high-growth market between Phoenix and Tucson.
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      View Details
    • Contact for pricing
      2,295 SF

      Casa Grande Retail Center For Lease

      Prime Retail Space, 2,295 SF Available
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      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
    • $2,100 /Mo
      920 SF

      Versatile Space in Casa Grande

      Adaptable space suitable for salon, church, office, or retail.
      241 W Cottonwood Ln, Casa Grande, AZ 85122
      View Details
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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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