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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    1741 Florence Blvd Casa Grande, AZ 85122-4763

    • Strip malls
    • 222,134 SF
    • 24.14 lot acres
    OFF-MARKET
    Value Estimations
    $2,910,000
    Cap Rate Potential
    Location Intelligence
    Property ID
    US07-0407095
    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

    • Walmart Patio & Garden Services / Landscaper
    • Walmart Supercenter / Bakery / Electronics Store
    • Walmart Garden Center / Garden Center / Landscaping Supply Store
    • Walmart Baby & Nursery Services / Family Service Center
    • Tyler Trigg / Optometrist

    Property Details for 1741 Florence Blvd

    Year built
    2004
    Construction
    CONCRETE
    Lot size
    24.14 lot acres
    Property size
    222,134 SF
    Property type
    Strip malls
    Property subtype
    Neighborhood centers
    APN
    505-27-0140
    APU
    505270140

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Casa Grande
    County
    Pinal
    State
    Arizona
    Longitude
    -111.712
    Latitude
    32.8778
    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
    $257,872
    $567,831
    $1,767,019
    $2,334,850
    -
    $3,154,615
    $9,816,771
    $12,971,386

    Comparable in this City

    • Value Estimation by Request
      8,430 SF

      1348 Florence Blvd

      SHOPPING CENTER, STRIP CENTER • 8,430 SF
      1348 Florence Blvd, Casa Grande, AZ 85122-5361
      View Details
    • Value Estimation
      $695,000
      12,586 SF

      1667 Trekell Rd

      SHOPPING CENTER, STRIP CENTER • 12,586 SF
      1667 Trekell Rd, Casa Grande, AZ 85122-2731
      View Details
    • Value Estimation
      $690,000
      11,692 SF

      2300 Tanger Dr

      SHOPPING CENTER, STRIP CENTER • 11,692 SF
      2300 Tanger Dr, Casa Grande, AZ 85122-9608
      View Details
    • Value Estimation by Request
      16,238 SF

      958 Rodeo Rd

      SHOPPING CENTER, STRIP CENTER • 16,238 SF
      958 Rodeo Rd, Casa Grande, AZ 85122-6452
      View Details
    • Value Estimation
      $630,000
      20,991 SF

      958 Rodeo Rd

      SHOPPING CENTER, STRIP CENTER • 20,991 SF
      958 Rodeo Rd, Casa Grande, AZ 85122-6452
      View Details
    • Value Estimation
      $610,000
      12,587 SF

      1667 Trekell Rd

      SHOPPING CENTER, STRIP CENTER • 12,587 SF
      1667 Trekell Rd, Casa Grande, AZ 85122-2731
      View Details

    Similar Nearby for Sale

    • $975,000
      4,474 SF

      Restaurant/Retail Space For Sale

      Operating Mexican food restaurant / retail space available for sale.
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    • $925,000
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      Casa Grande Retail/Office Opportunity

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      Walgreens Leasehold Interest in AZ

      High-yield Walgreens NNN lease, Casa Grande.
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    • $2,100,000
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      1295 Florence Blvd

      Medical offices • 4,667 SF
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    • $925,000
      3,584 SF

      Casa Grande Restaurant - $925K

      Established Restaurant, 3584 SF, Prime Location
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    • Contact for pricing
      2,117 SF

      Freestanding Drive-Thru Restaurant Opportunity

      2,117 SF drive-thru restaurant on 0.48 acres in Casa Grande.
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    Similar Nearby for Lease

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      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
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    • 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
      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
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    • 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
    • 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
      4,136 SF

      Prime Casa Grande Retail Space

      Former bank, high visibility, 4,136 sq ft
      2812 Pinal Ave, Casa Grande, AZ 85122
      View Details

    Property Visit Statistics

    • Visits by month
      325.8k
    • Visitors by month
      120.3k
    • Avg Time on site
      39 min
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    Casa Grande, AZ 85122-4763
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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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