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Property profile & analytics
OFF-MARKET
Estimated value
$1,305,000
Retail space
1664 Florence Blvd Casa Grande, AZ 85122-4779
Entity Owned
8-yr Hold
~
Est. High Equity
Property ID
US07-1127317
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
2004
Construction
CONCRETE
Total area
9,364 SF
Lot
2.41 ac (104,980 SF)
APN
505-22-004B
UPID
US07-1127317
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
-
La Michoacana - The Ice Cream Spot Grocery & Convenience Store Specialty Food Shop
-
Western Union Bank Credit Union
-
Big Valley Packaging Industrial Manufacturer Factory
-
Shred Nations Recycling Center Waste Management Facility
-
The UPS Store Courier Service Postal Service
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$1.42M
Comparable Approach
Comparable
$1.29M
Blend (final)
Blend
$1.31M
Owner & transaction history
Park Arizona LLC · 8 yrs held
Park Arizona LLC
since 2018
5 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$1.4M
+52.2%
Office building
$1.3M
+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%
$1,530,000
6.5%
$1,415,000
7%
$1,315,000
Alternative Use
Use
Estimation
RETAIL STORES
$945,000
Current use
COMMERCIAL (GENERAL)
$1,440,000
Change: +52% · Conversion: Easy
OFFICE BUILDING
$1,290,000
Change: +37% · Conversion: Easy
Blend value · Realmo final
$1.31M
Range $1.17M – $1.44M · ±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
$45,571
Tax year 2023
Assessed value
$422,045
Assessed 2025
Previous assessed
$423,313
-0.3% YoY
Effective rate
10.80%
On assessed value
Assessed land
$112,813
Assessed improvement
$309,232
Land market value
$626,738
Improvement market value
$1,717,956
Total market value
$2,344,694
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
2004
Construction
CONCRETE
Heating
HEAT PUMP
Buildings
2
Stories
1
Total area
9,364 SF
Lot
2.41 ac (104,980 SF)
APN
505-22-004B
UPID
US07-1127317
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
$945,000
COMMERCIAL (GENERAL)
Est. value
$1.4M
OFFICE BUILDING
Est. value
$1.3M
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
2004
Construction
CONCRETE
Heating
HEAT PUMP
Stories
1
Buildings
2
Lot
2.41 ac
Current owner
From public records · entity-resolved
Park Arizona LLC
Entity
Mailing address
12660 ROBLE LADERA RD, LOS ALTOS HILLS, CA 94022-2532
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
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 8, 2018
$3,250,000
Park Arizona LLC
Signal Healthcare LLC
Special Warranty Deed
—
Nov 3, 2016
$1,800,000
Signal Healthcare LLC
Lbubs 2004 C8 Retail 1664 LLC
Special Warranty Deed
$1,440,000 · Stearns Bank NA
Mar 17, 2014
$1,600,000
Lbubs 2004-c8 Retail 1664 LLC
Williams Craig K
Trustees Deed
—
Oct 25, 2004
$4,182,773
Jadallah Desert Oasis LLC
Owner Name Unavailable
Grant Deed
related
—
—
—
Jadallah Desert Oasis LLC
—
Deed Of Trust
related
$2,400,000 · Ubs Real Estate Investment INC
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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