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Property profile & analytics
OFF-MARKET
Estimated value
$845,000
Gas stations
1481 Grant Ave Casa Grande, AZ 85122-5501
Entity Owned
1-yr Hold
~
Est. High Equity
Property ID
US07-0586192
Property summary
AI-generated overview
This exceptional 2021-built industrial warehouse, situated on a ±1.04-acre lot at 1481 N Grant Ave, Casa Grande, AZ 85122 (APN 503-46-0770), presents a compelling investment opportunity. The property boasts 3,250 square feet of versatile space, ideal for distribution, industrial, or warehouse uses. The building features an 18' clear ceiling height, three 14' wide x 15' high grade-level loading docks, and ample yard space. Inside, you'll find approximately 750 square feet of open office area, two restrooms, and a wash basin/mop sink. The warehouse is fully insulated and equipped with a compressor and air lines throughout. A security system with cameras is also included. The property is fully fenced and zoned for industrial use, allowing for a wide range of potential applications. The building benefits from evaporative cooling and a robust 400A, 3-phase power supply. Automotive use is permitted. Currently leased through 5/31/25 at $6,000/month gross, this property offers a strong cash flow stream alongside significant upside potential. The asking price is $900,000. Signage is available.
Property profile
Verified
Property type
Gas stations
Use group
GAS STATION
Year built
2022
Total area
3,208 SF
Lot
1.04 ac (45,302 SF)
APN
503-46-0770
UPID
US07-0586192
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$855k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.13M
Blend (final)
Blend
$845k
Owner & transaction history
Veenstra Properties Of Az LLC · 1 yrs held
Veenstra Properties Of Az LLC
since 2025
Last sale
$850,000
6 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Warehouse, storage
$1.2M
+9.7%
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
$835,000
ML approach
$855,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
SERVICE STATION (FULL SERVICE)
$1,055,000
Current use
WAREHOUSE, STORAGE
$1,160,000
Change: +10% · Conversion: Difficult
Blend value · Realmo final
$845k
Range $761k – $930k · ±10% · vs last sale $850k (Jan 30 2025)
Last sale anchor
$850k
Jan 30 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
$263 / 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
$5,574
Tax year 2023
Assessed value
$65,174
Assessed 2025
Previous assessed
$62,077
+5.0% YoY
Effective rate
8.55%
On assessed value
Assessed land
$14,352
Assessed improvement
$50,822
Land market value
$79,732
Improvement market value
$282,344
Total market value
$362,076
Applied tax rate
428.0000
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
Gas stations
Use group
GAS STATION
Status
Off-Market
Year built
2022
Heating
OTHER
Cooling
AC.PACKAGE
Stories
1
Total area
3,208 SF
Lot
1.04 ac (45,302 SF)
APN
503-46-0770
UPID
US07-0586192
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
Alternative use value scenarios
Repositioning upside vs current use
SERVICE STATION (FULL SERVICE) Current
Est. value
$1.1M
WAREHOUSE, STORAGE
Est. value
$1.2M
SERVICE STATION (FULL SERVICE) Current
WAREHOUSE, STORAGE
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
2022
Heating
OTHER
Cooling
Yes
Stories
1
Lot
1.04 ac
Current owner
From public records · entity-resolved
Veenstra Properties Of Az LLC
Entity
Mailing address
44254 W BAILEY DR, MARICOPA, AZ 85138-6403
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 30, 2025
$850,000
Veenstra Properties Of Az LLC
Jaspreet Beemat
Special Warranty Deed
$675,000 · Jpmorgan Chase Bank NA
Jun 8, 2021
—
Jaspreet Beemat
—
Deed
related
$250,000 · Cdc Small Business Finance Corp
Jun 5, 2020
—
Jaspreet Beemat
—
Deed
related
$301,272 · Western State Bank
Apr 23, 2019
$62,000
Jareet Beemat
Jjb Property Holdings LLC
Grant Deed
—
Jun 26, 2008
—
Jjb Property Holdings LLC
Bebout J P JR & J M Trust
Grant Deed
—
Jul 5, 2000
$26,000
Bebout Trust
Casa Grande Ltd
Grant Deed
—
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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