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    1355 E Florence Blvd Casa Grande, AZ 85122
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    Property profile & analytics

    1355 E Florence Blvd, Casa Grande, AZ 85122

    View on Map
    • Super regional malls
    • 51,021 SF
    • 9.38 lot acres
    For Lease
    $13,000,000
    View Listing →
    Casa Grande Retail Space Available For Lease
    $13,000,000
    34,625 SF

    Casa Grande Retail Space Available

    Retail space with great visibility, near I-10.

    1355 E Florence Blvd, Casa Grande, AZ
    View Listing
    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.
    Value Estimations
    $13,000,000
    Cap Rate Potential
    5%
    Super regional malls
    Location Intelligence

    Current Use by Public Records

    • J & C Beauty Supply and Fashion / (Bike/Boat/Book/etc) Store / Cosmetic Store
    • I Puff Smoke Shop / (Bike/Boat/Book/etc) Store
    • Sun-Kissed Beauty Lounge / Hair Salon / Nail Salon
    • Grifols - Biomat USA Casa Grande / Blood Bank
    • Simply Kids / (Bike/Boat/Book/etc) Store

    Property Details for 1355 E Florence Blvd

    Year built
    1989
    Construction
    CONCRETE
    Lot size
    9.38 lot acres
    Property type
    Super regional malls
    Property subtype
    Shopping centers
    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 estimation — 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
      $910,000
      45,855 SF

      1314 Florence Blvd

      REGIONAL SHOPPING CENTER, MALL
      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
      1346 Florence Blvd, Casa Grande, AZ 85122-4771
      View Details
    • Value Estimation
      $1,020,000
      45,855 SF

      Casa Grande, AZ 85122

      REGIONAL SHOPPING CENTER, MALL
      Casa Grande, AZ 85122
      View Details
    • Value Estimation
      $900,000
      50,367 SF

      1346 Florence Blvd

      REGIONAL SHOPPING CENTER, MALL
      1346 Florence Blvd, Casa Grande, AZ 85122-4771
      View Details
    • Value Estimation by Request
      6,300 SF

      1395 Florence Blvd

      REGIONAL SHOPPING CENTER, MALL
      1395 Florence Blvd, Casa Grande, AZ 85122-5318
      View Details
    • Value Estimation
      $1,320,000
      70,583 SF

      1385 Florence Blvd

      REGIONAL SHOPPING CENTER, MALL
      1385 Florence Blvd, Casa Grande, AZ 85122-5318
      View Details

    Similar Nearby for Sale

    • $2,100,000
      4,667 SF

      1295 Florence Blvd

      Medical Office Space
      1295 Florence Blvd, Casa Grande, AZ 85122
      View Details
    • Contact for pricing
      4,421 SF

      Retail Investment Opportunity on Florence

      Highly visible retail property with prime frontage on Casa Grande's corridor.
      800 E Florence Blvd, Casa Grande, AZ 85122
      View Details
    • Contact for pricing
      2,075 SF

      Historic Downtown Corner Retail Space

      Corner retail space in historic downtown with high visibility.
      300 E 2Nd St, Casa Grande, AZ 85122
      View Details
    • Contact for pricing
      3,096 SF

      Stand-alone Building For Sale

      Stand-alone building suitable for office, showroom, medical, or daycare use.
      1579 N Trekell Rd, Casa Grande, AZ 85122
      View Details
    • Contact for pricing
      2,075 SF

      Historic Downtown Corner Retail Space

      Corner retail space with development potential in historic downtown.
      300 E 2Nd St, Casa Grande, AZ 85122
      View Details

    Similar Nearby for Lease

    • 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
      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
      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

      Casa Grande Automotive/Retail Space

      7,915 SF commercial building suitable for auto repair/sales.
      312 W 2Nd St, Casa Grande, AZ 85122
      View Details
    • $20 SF/Yr

      Casa Grande Office/Retail Space

      Office and retail space available for lease in Casa Grande.
      1968 N Peart Rd, Casa Grande, AZ 85122
      View Details
    View Listing
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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.

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