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    Property profile & analytics

    2024 Florence Blvd Casa Grande, AZ 85122-5402

    • Specialty properties
    • 42,000 SF
    • 9.13 lot acres
    OFF-MARKET
    Value Estimations
    $1,735,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US07-1233850
    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

    • Commons At Palm Creek / Shopping Center & Mall
    • Crossroads Church of Casa Grande / Church / Mosque
    • Charli's House / Crisis Center / Medical Clinic
    • Arizona Pumpkin Patch / Family Recreation Center
    • Phoenix Green Pest Control / Garden Center

    Property Details for 2024 Florence Blvd

    Year built
    2008
    Construction
    CONCRETE
    Lot size
    9.13 lot acres
    Property size
    42,000 SF
    Property type
    Specialty properties
    APN
    505-23-002Y
    APU
    50523002Y

    Value Estimations

    based on Realmo’s proprietary methodology

    • Alternative Use

      Use
      Estimation
      CLUBS, LODGES, PROFESSIONAL ASSOCIATIONS
      $2,595,000
      Current use

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

    Location Insight

    • Map
    • Local Demand
    City
    Casa Grande
    County
    Pinal
    State
    Arizona
    Longitude
    -111.7
    Latitude
    32.8807
    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
    2015
    $0.00
    $69,987
    $418,554
    $488,541
    -
    $699,868
    $4,185,540
    $4,885,408

    Comparable in this City

    • Value Estimation by Request
      8,325 SF

      909 Florence Blvd

      CHARITABLE ORGANIZATION • 8,325 SF
      909 Florence Blvd, Casa Grande, AZ 85122-4627
      View Details
    • Value Estimation by Request
      9,118 SF

      208 Main St

      CHARITABLE ORGANIZATION • 9,118 SF
      208 Main St, Casa Grande, AZ 85122-4822
      View Details
    • Value Estimation by Request
      5,195 SF

      995 Arizola Rd

      CHARITABLE ORGANIZATION • 5,195 SF
      995 Arizola Rd, Casa Grande, AZ 85122-6001
      View Details
    • Value Estimation
      $520,000
      7,000 SF

      468 Mcmurray Blvd

      CHARITABLE ORGANIZATION • 7,000 SF
      468 Mcmurray Blvd, Casa Grande, AZ 85122-2315
      View Details
    • Value Estimation by Request
      0.22 Acres

      909 Florence Blvd

      PROFESSIONAL CLUBS/ASSOCIATIONS • 0.22 Acres
      909 Florence Blvd, Casa Grande, AZ 85122-4627
      View Details
    • Value Estimation by Request
      3,502 SF

      111 2nd St

      CHARITABLE ORGANIZATION • 3,502 SF
      111 2nd St, Casa Grande, AZ 85122-5212
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      Pending

      Stand-alone Building For Sale

      Stand-alone building suitable for office, showroom, medical, or daycare use.
      1579 N Trekell Rd, Casa Grande, AZ 85122
      View Details
    • $840,000
      2.10 Acres

      Casa Grande Land For Sale

      2.1 acre commercial land available in Casa Grande, Arizona.
      1963 N Trekell Rd, Casa Grande, AZ 85122
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    • $89,999
      0.19 Acres

      Casa Grande Lot Ready

      Expansive lot in Casa Grande, ready for new beginnings.
      313 S Top And Bottom St, Casa Grande, AZ 85122
      View Details
    • $500,000
      2.45 Acres

      Casa Grande Commercial Land Investment

      2.45 Acres, B2 Zoning, Prime Location
      0 Nec Pinal Ave & Impala Pl, Casa Grande, AZ 85122
      View Details
    • $75,000
      0.19 Acres

      Casa Grande Vacant Land Parcel

      Vacant 8,402 SF parcel for custom home construction.
      500 N Roosevelt Ave, Casa Grande, AZ 85122
      View Details
    • $995,000
      4.50 Acres

      Prime Casa Grande Commercial Land

      4.5-acre lot, ideal industrial access.
      0 Pinal Ave, Casa Grande, AZ 85122
      View Details

    Similar Nearby for Lease

    • $14 SF/Yr
      12,000 SF

      820 S Cottonwood Ln

      Office properties & Spaces • 12,000 SF
      820 Cottonwood Ln, Casa Grande, AZ 85122
      View Details
    • $15 SF/Yr
      1,879 SF

      Casa Grande Retail Space For Lease

      Prime Downtown Location, 1879 sq ft Office
      112 2Nd St, Casa Grande, AZ 85122
      View Details
    • Contact for pricing
      100,000 SF

      Casa Grande Retail Center Opportunity

      Prime Retail Space Available in Casa Grande, AZ
      1348-1350 Florence Blvd, Casa Grande, AZ 85122
      View Details
    • Contact for pricing
      8,300 SF

      Medical/Office Space Near Hospital

      Medical and office spaces available for lease near I-10.
      1860 E Salk Dr, Casa Grande, AZ 85122
      View Details
    • $4,800 /Mo

      Retail Space in Casa Grande

      Retail space available for lease on corner of N Pinal.
      5670 N Pinal Ave, Casa Grande, AZ 85122
      View Details
    • $15 SF/Yr

      Medical Office Space For Lease

      Medical office space available for lease in Casa Grande.
      1729 N Trekell Rd, Casa Grande, AZ 85122
      View Details

    Property Visit Statistics

    • Visits by month
      0
    • Visitors by month
      11.2k
    • Avg Time on site
      25 min
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    Casa Grande, AZ 85122-5402
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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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