Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    550 Florence St Casa Grande, AZ 85122-4427
    Back to Search
    Property profile & analytics

    550 Florence St, Casa Grande, AZ 85122-4427

    View on Map
    • Retail space
    • 4,415 SF
    • 0.16 lot acres
    Off-Market
    Last Sale Feb 3, 2023
    $450,000
    Property ID
    US07-3325066
    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.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Retail space

    Property Details for 550 Florence St

    Year built
    1956
    Construction
    CONCRETE
    Lot size
    0.16 lot acres
    Property type
    Retail space
    APN
    507-07-1220
    APU
    507071220

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Feb 3, 2023 $450,000 Adella S Cordova Kl Waite Investments LLC Special Warranty Deed —
    May 9, 2008 — Kl Waite Investments LLC Waite,kenneth E & Lucile D Quit Claim Deed —
    Mar 17, 2008 — Taipan Investments Stanfield-mccarville Invs No 2 Quit Claim Deed · related —
    Mar 17, 2008 $925,000 Kenneth E Waite Taipan Investments Grant Deed —

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Casa Grande
    County
    Pinal
    State
    Arizona
    Longitude
    -111.752
    Latitude
    32.8788
    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
    $8,140
    $6,273
    $91,076
    $97,349
    -
    $34,850
    $505,978
    $540,828

    Comparable in this City

    • Value Estimation by Request
      2,911 SF

      2012 Trekell Rd

      RETAIL STORES (PERSONAL SERVICES)
      2012 Trekell Rd, Casa Grande, AZ 85122-1350
      View Details
    • Value Estimation by Request
      915 SF

      108 Main St

      RETAIL STORES (PERSONAL SERVICES)
      108 Main St, Casa Grande, AZ 85122-4820
      View Details
    • Value Estimation
      $630,000
      4,575 SF

      1747 Florence Blvd

      RETAIL STORES (PERSONAL SERVICES)
      1747 Florence Blvd, Casa Grande, AZ 85122-4778
      View Details
    • Value Estimation
      $785,000
      8,990 SF

      1460 Pinal Ave

      RETAIL STORES (PERSONAL SERVICES)
      1460 Pinal Ave, Casa Grande, AZ 85122-3337
      View Details
    • Value Estimation
      $2,490,000
      18,077 SF

      1677 Florence Blvd

      RETAIL STORES (PERSONAL SERVICES)
      1677 Florence Blvd, Casa Grande, AZ 85122-4786
      View Details
    • Value Estimation
      $695,000
      4,980 SF

      1550 Florence Blvd

      RETAIL STORES (PERSONAL SERVICES)
      1550 Florence Blvd, Casa Grande, AZ 85122-4788
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      4,421 SF

      Retail Investment Opportunity on Florence

      Highly visible retail property with prime frontage on Casa Grande's corridor.
      800 E Florence Blvd, Casa Grande, AZ 85122
      View Details
    • Contact for pricing

      Updated Retail/Office Building

      Recently updated retail/office building provides flexible space options near Interstate 10 and a major Casa Grande corridor.
      2150 N Pinal Ave, Casa Grande, AZ 85122
      View Details
    • Contact for pricing
      2,075 SF

      Historic Downtown Corner Retail Space

      Corner retail space with development potential in historic downtown.
      300 E 2Nd St, Casa Grande, AZ 85122
      View Details
    • Contact for pricing

      Automotive Repair Building on Acreage

      Single-tenant automotive building with excess land for development.
      850 West Cottonwood Ln, Casa Grande, AZ 85122
      View Details
    • Contact for pricing
      3,201 SF

      Established Mechanic Shop For Sale

      Profitable mechanic shop with equipment, inventory, and client list.
      17719 W Palm Ave, Casa Grande, AZ 85122
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      1,440 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
    • Contact for pricing
      34,625 SF

      Casa Grande Retail Space Available

      Retail space with great visibility, near I-10.
      1355 E Florence Blvd, Casa Grande, AZ 85122
      View Details
    • Contact for pricing
      2,400 SF

      Retail Space in Casa Grande

      Retail space available in high-traffic Casa Grande location.
      Pinal Ave, Casa Grande, AZ 85122
      View Details
    • Contact for pricing
      992 SF

      Retail Space Near Manufacturing Plants

      Retail space near Lucid and Nikola manufacturing plants.
      1314-1350 E Florence Blvd, Casa Grande, AZ 85122
      View Details
    • Contact for pricing
      15,041 SF

      Retail and Warehouse Space Available

      Retail and warehouse spaces for lease near shopping center.
      1325 E Florence Blvd, Casa Grande, AZ 85122
      View Details
    • Contact for pricing
      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
      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.
    550 Florence St
    Casa Grande, AZ 85122-4427
    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

    Thank You for Inquiry
    550 Florence St, Casa Grande, AZ, 85122
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!