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Property profile & analytics
FOR SALE
Industrial properties
550 W Centennial Blvd, Casa Grande, AZ 85122
Entity Owned
4-yr Hold
Free & Clear
Property ID
US07-1594212
For Sale
1 / 27
$5,500,000
550 W Centennial Blvd, Casa Grande, AZ 85122
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Property summary
AI-generated overview
This exceptional industrial property in Casa Grande, Arizona, presents a unique investment opportunity. The 5.37-acre lot encompasses a ±42,865 square foot warehouse, built in 1989 and renovated in 2000, featuring 8 dock-high doors and ceiling heights ranging from 16 to 18 feet. The property is zoned I-1 within the Casa Grande Municipal Airport Industrial Park, offering convenient access to major transportation arteries, including Phoenix Sky Harbor International Airport. The building boasts adaptable facilities, including full HVAC cooling, ample power, truck wells, and grade-level doors, making it suitable for a variety of industrial operations. The property also includes a significant amount of vacant land (approximately 2 acres) providing substantial potential for future expansion or yard use. This multi-tenant warehouse is offered for sale at $6,644,075 and features a NNN lease type. Its prime location near new manufacturing plants, such as Lucid Motors, ensures access to a robust labor pool. The property's APN is 509-81-064A, 509-81-064B, and 509-81-065, and the zip code is 85122. This is an ideal opportunity for owner-users seeking a flexible and strategically located industrial space in a rapidly growing market.
Property profile
Verified
Property type
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Year built
1989
Total area
17,865 SF
Lot
5.93 ac (258,311 SF)
APN
509-81-3030
UPID
US07-1594212
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$2.47M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.84M
Blend (final)
Blend
$2.37M
Owner & transaction history
P West Properties Xii LLC · 4 yrs held
P West Properties Xii LLC
since 2022
Last sale
$2.3M
2 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$2.7M
+139.9%
Office building
$2.5M
+115.2%
Retail stores
$1.8M
+57.6%
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
$2,405,000
ML approach
$2,470,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$2,745,000
Change: +140% · Conversion: Difficult
OFFICE BUILDING
$2,465,000
Change: +115% · Conversion: Difficult
RETAIL STORES
$1,805,000
Change: +58% · Conversion: Moderate
Blend value · Realmo final
$2.37M
Range $2.13M – $2.61M · ±10% · vs last sale $2.30M (Jun 1 2022)
Last sale anchor
$2.30M
Jun 1 2022
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
$133 / 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 2024Property tax & assessments
Tax year 2024
Tax billed
$29,762
Tax year 2024
Assessed value
$344,255
Assessed 2025
Previous assessed
$344,255
+0.0% YoY
Effective rate
8.65%
On assessed value
Assessed land
$79,167
Assessed improvement
$265,088
Land market value
$439,816
Improvement market value
$1,472,711
Total market value
$1,912,527
Applied tax rate
402.0000
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
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Status
For Sale
Year built
1989
Heating
OTHER
Cooling
AC.PACKAGE
Buildings
2
Stories
1
Total area
17,865 SF
Lot
5.93 ac (258,311 SF)
APN
509-81-3030
UPID
US07-1594212
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
COMMERCIAL (GENERAL)
Est. value
$2.7M
OFFICE BUILDING
Est. value
$2.5M
RETAIL STORES
Est. value
$1.8M
COMMERCIAL (GENERAL)
OFFICE BUILDING
RETAIL STORES
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
1989
Heating
OTHER
Cooling
Yes
Stories
1
Buildings
2
Lot
5.93 ac
Current owner
From public records · entity-resolved
P West Properties Xii LLC
Entity
Free & Clear · 4 yrs held
Mailing address
3104 E CAMELBACK RD #1144, PHOENIX, AZ 85016-4502
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 1, 2022
—
P West Properties Xii LLC
P West Properties Xii LLC
Intrafamily Transfer
related
—
Oct 22, 2021
$2,300,000
P West Properties Xii LLC
Ppg Industries INC
Special Warranty Deed
—
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.
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