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Property profile & analytics
OFF-MARKET
Estimated value
$515,000
Retail space
623 Florence Blvd Casa Grande, AZ 85122-4153
Individually Owned
4-yr Hold
~
Est. High Equity
Property ID
US07-0902197
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1975
Construction
CONCRETE
Total area
5,970 SF
Lot
0.33 ac (14,400 SF)
APN
507-03-1060
UPID
US07-0902197
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
Current use
Occupant on record · Public records
-
Mind Body & Sole LLC Alternative Medicine Practice Spa & Massage Center
-
Monte Carlo Hookah Lounge (Bike/Boat/Book/etc) Store
-
Col' Cuts Barber Shop
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$510k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$446k
Blend (final)
Blend
$515k
Owner & transaction history
Joseph Rolleri · 4 yrs held
Joseph Rolleri
since 2022
Last sale
$510,000
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$825,000
+36.5%
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
$535,000
ML approach
$510,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RETAIL STORES
$605,000
Current use
OFFICE BUILDING
$825,000
Change: +37% · Conversion: Easy
Blend value · Realmo final
$515k
Range $464k – $567k · ±10% · vs last sale $510k (Feb 24 2022)
Last sale anchor
$510k
Feb 24 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
$86 / 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 2023Property tax & assessments
Tax year 2023
Tax billed
$6,464
Tax year 2023
Assessed value
$74,646
Assessed 2025
Previous assessed
$73,766
+1.2% YoY
Effective rate
8.66%
On assessed value
Assessed land
$25,920
Assessed improvement
$48,726
Land market value
$144,000
Improvement market value
$270,701
Total market value
$414,701
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
1975
Construction
CONCRETE
Heating
OTHER
Cooling
AC.PACKAGE
Stories
1
Total area
5,970 SF
Lot
0.33 ac (14,400 SF)
APN
507-03-1060
UPID
US07-0902197
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
RETAIL STORES Current
Est. value
$605,000
OFFICE BUILDING
Est. value
$825,000
RETAIL STORES Current
OFFICE BUILDING
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
1975
Construction
CONCRETE
Heating
OTHER
Cooling
Yes
Stories
1
Lot
0.33 ac
Current owner
From public records · entity-resolved
Joseph Rolleri
Individual
Mailing address
1476 E DOUGLAS ST, CASA GRANDE, AZ 85122-1789
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
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 30, 2024
—
Joseph Rolleri
—
Deed
related
$482,000 · Integro Bank
Feb 24, 2022
$510,000
Joseph Rolleri
Irene D Adair
Special Warranty Deed
$335,000 · Sir Mortgage & Finance Of Arizona I
Feb 24, 2022
—
Joseph Rolleri
Tara Rolleri
Intrafamily Transfer
related
—
Jan 26, 2018
—
Adair,robert & Irene Living Trust
Adair,irene F
Quit Claim Deed
related
—
Nov 27, 2013
$658,000
Irene F Adair
Stonebraker,vicki L
Grant Deed
—
Nov 27, 2013
—
Vicki L Stonebraker
Stonebraker,jack W
Quit Claim Deed
related
—
Sep 24, 2013
—
Vicki L Stonebraker
Stonebraker,jack W & Vicki L
Quit Claim Deed
related
—
Jan 2, 2007
$400,000
Jack W Stonebraker
Simmons Bob & J Fam Trust
Warranty Deed
—
Jul 21, 2006
—
Simmons Bob & Jean Fam Trust
Simmons,bob G & L Jean
Quit Claim Deed
related
—
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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