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Property profile & analytics
OFF-MARKET
Estimated value
$1,755,000
Retail space
1484 Florence Blvd Casa Grande, AZ 85122-5321
Entity Owned
7-yr Hold
~
Est. High Equity
Property ID
US07-3025721
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1999
Total area
12,600 SF
Lot
4.76 ac (207,346 SF)
APN
505-16-001B
UPID
US07-3025721
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
-
Harbor Freight Tools Building Supply Hardware & Home Improvement
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$1.91M
Comparable Approach
Comparable
$1.73M
Blend (final)
Blend
$1.76M
Owner & transaction history
National Retail Props INC · 7 yrs held
National Retail Props INC
since 2018
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$1.9M
+52.2%
Office building
$1.7M
+36.5%
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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$2,060,000
6.5%
$1,905,000
7%
$1,765,000
Alternative Use
Use
Estimation
RETAIL STORES
$1,270,000
Current use
COMMERCIAL (GENERAL)
$1,935,000
Change: +52% · Conversion: Easy
OFFICE BUILDING
$1,735,000
Change: +37% · Conversion: Easy
Blend value · Realmo final
$1.76M
Range $1.58M – $1.93M · ±10%
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
$139 / 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
$31,881
Tax year 2023
Assessed value
$364,243
Assessed 2025
Previous assessed
$353,911
+2.9% YoY
Effective rate
8.75%
On assessed value
Assessed land
$211,275
Assessed improvement
$152,968
Land market value
$1,173,748
Improvement market value
$849,823
Total market value
$2,023,571
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
1999
Heating
OTHER
Cooling
AC.PACKAGE
Stories
1
Total area
12,600 SF
Lot
4.76 ac (207,346 SF)
APN
505-16-001B
UPID
US07-3025721
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
RETAIL STORES Current
Est. value
$1.3M
COMMERCIAL (GENERAL)
Est. value
$1.9M
OFFICE BUILDING
Est. value
$1.7M
RETAIL STORES Current
COMMERCIAL (GENERAL)
OFFICE BUILDING
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
1999
Heating
OTHER
Cooling
Yes
Stories
1
Lot
4.76 ac
Current owner
From public records · entity-resolved
National Retail Props INC
Entity
Mailing address
450 S ORANGE AVE STE #900, ORLANDO, FL 32801-3339
Ownership since
2018
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 3, 2018
$2,928,279
National Retail Props INC
Casa Grande 1484 LLC
Grant Deed
—
Aug 6, 2014
$2,090,000
Casa Grande 1484 LLC
Landmarc Cap & Inv Co
Grant Deed
—
Oct 14, 2011
$1,750,000
Smythe Urquieta Family Trust
Cal-western Reconveyance
Trustees Deed
related
—
Jun 14, 2010
—
Sommers R M Living Trust
Sommers R F & M A Trust
Quit Claim Deed
related
—
Feb 29, 2008
$5,000,000
We Did Our Part LLC
Robert F Sommers
Warranty Deed
$3,700,000 · Robert F & Marlynn A Sommers Living
Nov 8, 1999
$900,000
Sommers Trust
United Producers & Consuenrs
Grant Deed
$650,000 · Bank Of Casa Grande Valley
—
—
Sommers Robert F & M A Trust
—
Deed Of Trust
related
$75,000 · Sun State Bank
—
—
Producers United
—
Deed Of Trust
related
$500,000 · Community Bank Arizona
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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