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    555 Main Ave Casa Grande, AZ 85122-4315
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    555 Main Ave Casa Grande, AZ 85122-4315

    View on Map
    • Office buildings
    • 36,750 SF
    • 3.70 lot acres
    Off-Market
    Property ID
    US07-2548644
    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
    $6,620,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Arizona Department of Economic Security / Government Office / Social Services Organization
    • Redemption Bible Church - Casa Grande / Church
    • Family Assistance Administration / (Bike/Boat/Book/etc) Store
    • DES - Casa Grande / Government Office / Child Care Agency

    Property Details for 555 Main Ave

    Year built
    1999
    Construction
    CONCRETE
    Lot size
    3.70 lot acres
    Property size
    36,750 SF
    Property type
    Office buildings
    APN
    507-12-002A
    APU
    50712002A

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $9,010,000
      6.5%
      $8,320,000
      7%
      $7,725,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $6,945,000
      Market price range: $2.38M - $6.95M
      AI Estimate
      $4,592,000
      Market price range: $1.28M - $4.59M

    • Alternative Use

      Use
      Estimation
      OFFICE BUILDING
      $5,065,000
      Current use
      RESTAURANT
      $8,855,000
      Change: +75% Conversion: Moderate
      COMMERCIAL (GENERAL)
      $5,650,000
      Change: +11% Conversion: Easy

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

    Location Insight

    • Map
    • Local Demand
    City
    Casa Grande
    County
    Pinal
    State
    Arizona
    Longitude
    -111.762
    Latitude
    32.8783
    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
    $76,435
    $51,059
    $682,315
    $733,374
    -
    $283,663
    $3,790,638
    $4,074,301

    Comparable in this City

    • Value Estimation by Request
      2,286 SF

      1102 Jimmie Kerr Blvd

      OFFICE BUILDING • 2,286 SF
      1102 Jimmie Kerr Blvd, Casa Grande, AZ 85122-5008
      View Details
    • Value Estimation
      $700,000
      4,472 SF

      2250 Pinal Ave

      OFFICE BUILDING • 4,472 SF
      2250 Pinal Ave, Casa Grande, AZ 85122-6218
      View Details
    • Value Estimation by Request
      1,650 SF

      304 3rd St

      OFFICE BUILDING • 1,650 SF
      304 3rd St, Casa Grande, AZ 85122-5224
      View Details
    • Value Estimation
      $630,000
      4,188 SF

      1891 Trekell Rd

      OFFICE BUILDING • 4,188 SF
      1891 Trekell Rd, Casa Grande, AZ 85122-1791
      View Details
    • Value Estimation
      $760,000
      7,330 SF

      1415 Trekell Rd

      OFFICE BUILDING • 7,330 SF
      1415 Trekell Rd, Casa Grande, AZ 85122-2832
      View Details
    • Value Estimation by Request
      1,634 SF

      122 Cottonwood Ln

      OFFICE BUILDING • 1,634 SF
      122 Cottonwood Ln, Casa Grande, AZ 85122-2548
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      4,188 SF

      Fully Leased Multi-Tenant Office Building

      4,188 SF office building in growing Casa Grande, Arizona.
      1891 N Trekell Rd, Casa Grande, AZ 85122
      View Details
    • $1,200,000

      Opulent Professional Office Building

      4,646 sqft brick office with high-end finishes.
      420 West Casa Grande Lakes Blvd North, Casa Grande, AZ 85122
      View Details
    • $695,000

      Multi-Tenant Office Building For Sale

      4,188 SF fully leased office building with investment potential.
      1891 N Trekell Rd, Casa Grande, AZ 85122
      View Details
    • Contact for pricing
      42,865 SF

      Casa Grande Industrial Opportunity

      Multi-building industrial property with expansion potential in Casa Grande, Arizona.
      550 W Centennial Blvd, Casa Grande, AZ 85122
      View Details
    • $300,000

      Casa Grande Commercial Property For Sale

      Mixed-use, office, and retail property available in Casa Grande, Arizona.
      864 Jimmie Kerr Blvd, Casa Grande, AZ 85122
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Casa Grande Retail/Medical Space

      2,753 SF space ideal for medical or retail use.
      1295 E Florence Blvd, Casa Grande, AZ 85122
      View Details
    • $14 SF/Yr

      Casa Grande Commercial Land Opportunity

      Prime commercial land in Casa Grande's growing market, ideal for development.
      500 N Pueblo Dr, Casa Grande, AZ 85122
      View Details
    • Contact for pricing

      Casa Grande Automotive/Retail Space

      7,915 SF commercial building suitable for auto repair/sales.
      312 W 2Nd St, 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
    • $20 SF/Yr

      Casa Grande Office/Retail Space

      Office and retail space available for lease in Casa Grande.
      1968 N Peart Rd, Casa Grande, AZ 85122
      View Details
    • Contact for pricing

      Office Suite For Lease

      Office suite available for lease at Pinal Ave & Cottonwood Ln.
      550 E Cottonwood Ln, Casa Grande, AZ 85122
      View Details
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    555 Main Ave
    Casa Grande, AZ 85122-4315
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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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