Add Listing
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

    509 2nd St Casa Grande, AZ 85122-3237

    • Motels
    • 1,344 SF
    • 1.00 lot acres
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US07-2907758
    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

    • Boots & Saddle Motel / Hotel & Motel

    Property Details for 509 2nd St

    Year built
    1944
    Construction
    CONCRETE
    Lot size
    1.00 lot acres
    Property size
    1,344 SF
    Property type
    Motels
    APN
    507-13-0050
    APU
    507130050

    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
    -111.758
    Latitude
    32.8791
    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
    $6,849
    $12,936
    $61,028
    $73,964
    -
    $71,865
    $339,045
    $410,910

    Comparable in this City

    • Value Estimation
      $1,595,000
      25,450 SF

      665 Via Del Cielo Rd

      MOTEL • 25,450 SF
      665 Via Del Cielo Rd, Casa Grande, AZ 85122-5351
      View Details
    • Value Estimation
      $790,000
      2,961 SF

      901 Pinal Ave

      MOTEL • 2,961 SF
      901 Pinal Ave, Casa Grande, AZ 85122-3904
      View Details
    • Value Estimation by Request
      3,897 SF

      1211 Pinal Ave

      MOTEL • 3,897 SF
      1211 Pinal Ave, Casa Grande, AZ 85122-3303
      View Details
    • Value Estimation
      $3,580,000
      18,728 SF

      2066 Florence Blvd

      MOTEL • 18,728 SF
      2066 Florence Blvd, Casa Grande, AZ 85122-5402
      View Details
    • Value Estimation
      $1,840,000
      29,505 SF

      2145 Florence Blvd

      MOTEL • 29,505 SF
      2145 Florence Blvd, Casa Grande, AZ 85122-5400
      View Details
    • Value Estimation
      $2,300,000
      32,596 SF

      851 Henness Rd

      MOTEL • 32,596 SF
      851 Henness Rd, Casa Grande, AZ 85122-9692
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      Land at Storey and Tweedy

      Land at the southeast corner of Storey and Tweedy Road.
      Casa Grande Ave, Casa Grande, AZ 85122
      View Details
    • Contact for pricing

      Land Parcel Near Interstate Access

      Land with water agreement, near future Interstate 11.
      2684 W Gila Bend Hwy, Casa Grande, AZ 85122
      View Details
    • Contact for pricing

      Land Near Interstate 10

      Strategically located land between Phoenix and Tucson near Interstate 10.
      E Rodeo Rd, Casa Grande, AZ 85122
      View Details
    • $925,000
      10,820 SF

      Casa Grande Retail/Office Opportunity

      Prime frontage on Florence Boulevard, suitable for retail or office.
      505-517 E Florence Blvd, 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
    • $250,000
      5.02 Acres

      Casa Grande Land with Views

      Residential land with mountain views near North Mountain Park.
      10000 N Cox Rd, Casa Grande, AZ 85122
      View Details

    Similar Nearby for Lease

    • $5 SF/Yr

      Commercial Land Ready For Development

      Commercial land with high visibility and development potential.
      2252 N Pinal Ave, Casa Grande, AZ 85122
      View Details
    • $1,100,000
      7,800 SF

      Industrial Building with Fenced Yard

      Industrial building for lease with detached office and fenced yard.
      1413 N V I P Blvd, Casa Grande, AZ 85122
      View Details
    • $6,000 /Mo
      5,305 SF

      Casa Grande Office Space Available

      Office space featuring private offices, conference rooms, and ample parking.
      1919 N Trekell Rd, Casa Grande, AZ 85122
      View Details
    • $4,800 /Mo

      Retail Space in Casa Grande

      Retail space available for lease on N Pinal Ave.
      5670 N Pinal Ave, Casa Grande, AZ 85122
      View Details
    • $18 SF/Yr

      Casa Grande Office/Retail Space

      Office and retail space available for lease in Casa Grande.
      703-709 N Walnut Ave, Casa Grande, AZ 85122
      View Details
    • $5,000 /Mo

      Retail/Industrial Space For Lease

      Retail/Industrial space available for lease in Casa Grande, Arizona.
      1519 N Pinal Ave, Casa Grande, AZ 85122
      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.
    509 2nd St
    Casa Grande, AZ 85122-3237
    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.
    Sign Up Successful!
    You now have access to more from Realmo!