Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    448 Butte Ave Florence, AZ 85132

    • Retail space
    • 3,016 SF
    • 0.14 lot acres
    For Sale
    View listing
    $350,000
    Last Sale
    Oct 06, 2020
    $320,000
    Value Estimations
    Cap Rate Potential
    8%
    Retail space
    Location Intelligence
    Property ID
    US07-0163554
    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

    • Retail space

    Property Details for 448 Butte Ave

    Year built
    1963
    Construction
    CONCRETE
    Lot size
    0.14 lot acres
    Property size
    3,016 SF
    Property type
    Retail space
    APN
    200-50-0700
    APU
    200500700

    Description

    This exceptional commercial property presents a unique investment opportunity in the thriving Florence, Arizona market. Priced at $350,000, this dual-space building offers significant potential for maximizing return on investment (ROI). Situated on a 0.27-acre lot, the property boasts two distinct spaces, each with its own address (448 E Butte Ave and 424 E Butte Ave), allowing for flexible usage. Imagine operating your own business in one space while generating rental income from the other, or leasing both for a consistent revenue stream. The strategic location, just blocks from Main Street and steps from the newly constructed Pinal County government building, ensures high visibility and accessibility. This prime location benefits from the surrounding area's substantial growth. The property's zoning (NO R-2 R1-6 MHS) offers versatility for a range of commercial ventures. Parcel numbers 200-50-069 and 200-50-070 clearly identify the property's boundaries. While the building requires some cosmetic improvements ("TLC"), its solid foundation and advantageous location make it an attractive proposition for savvy investors and entrepreneurs alike. Don't miss this chance to capitalize on the burgeoning Florence commercial real estate market. This property is ready for your vision and entrepreneurial spirit.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $370,000
      ML approach
      $415,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $495,000
      6.5%
      $455,000
      7%
      $425,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $285,000
      Market price range: $201k - $639k
      AI Estimate
      $318,000
      Market price range: $148k - $689k

    • Alternative Use

      Use
      Estimation
      RETAIL STORES
      $395,000
      Current use
      COMMERCIAL (GENERAL)
      $465,000
      Change: +17% Conversion: Easy
      OFFICE BUILDING
      $410,000
      Change: +4% Conversion: Easy

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

    Location Insight

    • Map
    • Local Demand
    City
    Florence
    County
    Pinal
    State
    Arizona
    Longitude
    -111.383
    Latitude
    33.0316
    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
    $2,896
    $11,026
    $25,238
    $36,264
    -
    $61,256
    $140,212
    $201,468

    Comparable in this City

    • Value Estimation
      $305,000
      427 SF

      214 Main St

      RETAIL STORES (PERSONAL SERVICES) • 427 SF
      214 Main St, Florence, AZ 85132-0024
      View Details
    • Value Estimation
      $280,000
      714 SF

      289 Main St

      RETAIL STORES (PERSONAL SERVICES) • 714 SF
      289 Main St, Florence, AZ 85132
      View Details
    • Value Estimation
      $365,000
      3,936 SF

      30 Main St

      RETAIL STORES (PERSONAL SERVICES) • 3,936 SF
      30 Main St, Florence, AZ 85132
      View Details
    • Value Estimation
      $220,000
      1,486 SF

      363 Main St

      RETAIL STORES (PERSONAL SERVICES) • 1,486 SF
      363 Main St, Florence, AZ 85132
      View Details
    • Value Estimation
      $285,000
      2,170 SF

      370 Main St

      RETAIL STORES (PERSONAL SERVICES) • 2,170 SF
      370 Main St, Florence, AZ 85132
      View Details
    • Value Estimation
      $185,000
      4,339 SF

      231 Main St

      RETAIL STORES (PERSONAL SERVICES) • 4,339 SF
      231 Main St, Florence, AZ 85132
      View Details

    Similar Nearby for Sale

    • $695,000
      1.44 Acres

      Florence, AZ Land with Building

      1.47-acre lot with 3,200 SF building, ideal for retail.
      15051 Hwy N, Florence, AZ 85132
      View Details
    • Contact for pricing
      80.00 Acres

      80 Acres Florence Commercial Land

      Prime AZ development land, stunning views.
      0 Florence Kelvin Hwy & Diffin Rd, Florence, AZ 85132
      View Details
    • Contact for pricing

      7 Acres Florence Commercial Land

      Prime Florence location, high traffic counts, development potential.
      0 Attaway & Hunt Hwy, Florence, AZ 85132
      View Details
    • $850,000
      36.20 Acres

      Prime 36.2-Acre Agricultural Land

      Florence, AZ development opportunity. Seller financing available.
      0 Nwc Sun Aire Dr & Carrell Ln, Florence, AZ 85132
      View Details
    • $130,000
      4.84 Acres

      Florence Land Parcel For Sale

      4.83 acres of land in Florence, Arizona.
      E Pj Ln, Florence, AZ 85132
      View Details
    • Contact for pricing
      3.00 Acres

      Florence Mini Storage Land

      Prime AZ self-storage development site
      0 Florence Heights Dr, Florence, AZ 85132
      View Details

    Similar Nearby for Lease

    • $30 SF/Yr
      3,500 SF

      Retail Space in Florence, Arizona

      Retail space available for lease in Florence, Arizona.
      4547 N Hunt Hwy, Florence, AZ 85132
      View Details
    • $30 SF/Yr
      1,000 SF

      Retail Space in Florence, Arizona

      Retail space available for lease in Florence, Arizona.
      4575 N Hunt Hwy, Florence, AZ 85132
      View Details
    • Contact for pricing
      2,200 SF

      Florence Retail Space - Hunt Hwy

      High-traffic retail space available in Florence, AZ.
      0 Hunt Hwy & Merrill Rnch Pkwy, Florence, AZ 85132
      View Details
    • Contact for pricing
      1,000 SF

      Retail Space in Safeway Anchored Center

      Retail space available in a Safeway anchored shopping center.
      3385 N Hunt Hwy, Florence, AZ 85132
      View Details
    • $30,000

      Land for Lease in Florence

      Leasable land suitable for various commercial uses.
      N Mitchell Trl, Florence, AZ 85132
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    448 Butte Ave
    Florence, AZ 85132
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.