New search
Property profile & analytics
OFF-MARKET
Estimated value
$1,200,000
Medical Office Space
1864 Florence Blvd, Casa Grande, AZ 85122-5457
Entity Owned
12-yr Hold
~
Est. High Equity
Property ID
US07-1151823
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
2007
Construction
STEEL FRAME
Total area
11,080 SF
Lot
1.2 ac (52,272 SF)
APN
505-82-0060
UPID
US07-1151823
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
-
Walter C Walter Physician
-
Timothy Schmidt Physician
-
Dr. Jonathan Willms Physician
-
Damon Cole Medical School
-
Dr. Joel Tiffany Dental Office
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.09M
Blend (final)
Blend
$1.20M
Owner & transaction history
Nomiss Az LLC · 12 yrs held
Nomiss Az LLC
since 2014
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$1.8M
+127.6%
Commercial (general)
$1.8M
+121.0%
Restaurant
$1.6M
+93.7%
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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
MEDICAL BUILDING
$805,000
Current use
AUTO REPAIR, GARAGE
$1,830,000
Change: +128% · Conversion: Difficult
COMMERCIAL (GENERAL)
$1,775,000
Change: +121% · Conversion: Easy
RESTAURANT
$1,555,000
Change: +94% · Conversion: Difficult
WAREHOUSE, STORAGE
$1,015,000
Change: +26% · Conversion: Difficult
RETAIL STORES
$940,000
Change: +17% · Conversion: Difficult
OFFICE BUILDING
$845,000
Change: +5% · Conversion: Easy
Blend value · Realmo final
$1.20M
Range $1.08M – $1.32M · ±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
$108 / 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
$39,789
Tax year 2023
Assessed value
$360,648
Assessed 2025
Previous assessed
$373,542
-3.5% YoY
Effective rate
11.03%
On assessed value
Assessed land
$64,518
Assessed improvement
$296,130
Land market value
$358,433
Improvement market value
$1,645,169
Total market value
$2,003,602
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
Medical Office Space
Use group
MEDICAL BUILDING
Status
Off-Market
Year built
2007
Construction
STEEL FRAME
Heating
OTHER
Cooling
AC.PACKAGE
Stories
1
Total area
11,080 SF
Lot
1.2 ac (52,272 SF)
APN
505-82-0060
UPID
US07-1151823
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
MEDICAL BUILDING Current
Est. value
$805,000
AUTO REPAIR, GARAGE
Est. value
$1.8M
COMMERCIAL (GENERAL)
Est. value
$1.8M
RESTAURANT
Est. value
$1.6M
WAREHOUSE, STORAGE
Est. value
$1.0M
RETAIL STORES
Est. value
$940,000
OFFICE BUILDING
Est. value
$845,000
MEDICAL BUILDING Current
AUTO REPAIR, GARAGE
COMMERCIAL (GENERAL)
RESTAURANT
WAREHOUSE, STORAGE
RETAIL STORES
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
2007
Construction
STEEL FRAME
Heating
OTHER
Cooling
Yes
Stories
1
Lot
1.2 ac
Current owner
From public records · entity-resolved
Nomiss Az LLC
Entity
Mailing address
1648 E HUBER ST, MESA, AZ 85203-3931
Ownership since
2014
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 10, 2014
—
Nomiss Az LLC
Commonwealth Holdings LLC
Grant Deed
—
Jun 13, 2012
$2,300,000
Commonwealth Holdings LLC
1864 Florence Boulevard LLC
Grant Deed
$440,000 · 1864 Florence Boulevard LLC
Dec 11, 2008
—
1864 Florence Boulevard LLC
Landmarc Cap & Inv
Quit Claim Deed
related
—
Dec 4, 2008
$2,325,627
Landmarc Cap & Inv Co
Howland Amy D
Trustees Deed
related
—
Sep 6, 2005
$425,000
Lifestyles Wellness Center LLC
Tpi Land Investors II
Grant Deed
$320,000 · Meridian Bank
Dec 22, 2004
$325,000
Tpi Land Investors II
Tpi Land Investors I
Grant Deed
related
—
—
—
1864 Florence Boulevard LLC
—
Deed Of Trust
related
$400,000 · Mutual Of Omaha Bank
—
—
Lifestyles Wellness Center LLC
—
Deed Of Trust
related
$300,000 · Walker J G Living Trust
—
—
Lifestyles Wellnes Center LLC
—
Deed Of Trust
related
$1,700,000 · Landmarc Capital & Inv Co
—
—
1864 Florence Boulevard LLC
—
Deed Of Trust
related
$450,000 · Mutual Of Omaha Bank
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.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 1864 Florence Blvd?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
