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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    701 Park Ave Casa Grande, AZ 85122-3947

    • Office buildings
    • 1,000 SF
    • 0.07 lot acres
    OFF-MARKET
    Last Sale
    Feb 02, 2021
    $100,000
    Value Estimations
    $110,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US07-0471053
    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

    • Zach's Barbershop / Barber Shop
    • Unique Aquariums / Pet Store / Fish Store
    • Guardian Interlock / Electronics Manufacturer / Auto Electrical Service

    Property Details for 701 Park Ave

    Year built
    1982
    Construction
    CONCRETE
    Lot size
    0.07 lot acres
    Property size
    1,000 SF
    Property type
    Office buildings
    APN
    506-07-0470
    APU
    506070470

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $110,000
      ML approach
      $110,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $124,000
      Market price range: $34.7k - $125k

    • Alternative Use

      Use
      Estimation
      OFFICE BUILDING
      $140,000
      Current use
      COMMERCIAL (GENERAL)
      $155,000
      Change: +11% Conversion: Easy

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

    Location Insight

    • Map
    • Local Demand
    City
    Casa Grande
    County
    Pinal
    State
    Arizona
    Longitude
    -111.755
    Latitude
    32.8797
    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
    $1,732
    $5,220
    $12,738
    $17,958
    -
    $29,000
    $70,765
    $99,765

    Comparable in this City

    • Value Estimation
      $425,000
      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
      $475,000
      4,472 SF

      2250 Pinal Ave

      OFFICE BUILDING • 4,472 SF
      2250 Pinal Ave, Casa Grande, AZ 85122-6218
      View Details
    • Value Estimation
      $130,000
      1,650 SF

      304 3rd St

      OFFICE BUILDING • 1,650 SF
      304 3rd St, Casa Grande, AZ 85122-5224
      View Details
    • Value Estimation
      $390,000
      4,188 SF

      1891 Trekell Rd

      OFFICE BUILDING • 4,188 SF
      1891 Trekell Rd, Casa Grande, AZ 85122-1791
      View Details
    • Value Estimation
      $865,000
      7,330 SF

      1415 Trekell Rd

      OFFICE BUILDING • 7,330 SF
      1415 Trekell Rd, Casa Grande, AZ 85122-2832
      View Details
    • Value Estimation
      $320,000
      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

    • $850,000
      7,915 SF

      Casa Grande Mixed-Use Investment

      7,915 SF Office/Warehouse, $850K
      312 2Nd St, Casa Grande, AZ 85122
      View Details
    • $4,000,000
      26,463 SF

      Prime Casa Grande Office Complex

      26,463 SF Medical/Office Building, 110 Parking Spaces
      711 Cottonwood Ln, Casa Grande, AZ 85122
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    • $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
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    • $487,340
      1,652 SF

      Casa Grande Medical Office Building

      Executive Suite, 1652 SF, $487,340
      1760 Florence Blvd, Casa Grande, AZ 85122
      View Details
    • $838,000
      4,188 SF

      Casa Grande Office/Warehouse Investment

      4,188 SF, $838,000, High Potential
      1891 Trekell Rd, Casa Grande, AZ 85122
      View Details
    • $2,100,000
      4,667 SF

      1295 Florence Blvd

      Medical offices • 4,667 SF
      1295 Florence Blvd, Casa Grande, AZ 85122
      View Details

    Similar Nearby for Lease

    • $25 SF/Yr
      4,667 SF

      Casa Grande Executive Office Space

      Prime B-Class Office, High Visibility
      1295 Florence Blvd, Casa Grande, AZ 85122
      View Details
    • Contact for pricing
      5,000 SF

      Office Suite For Lease

      Office suite available for lease at Pinal Ave & Cottonwood Ln.
      550 E Cottonwood Ln, Casa Grande, AZ 85122
      View Details
    • $3,500 /Mo
      2,800 SF

      Casa Grande Medical/Office Space

      2800 SF medical/office space available for rent.
      1968 N Peart Rd, 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
    • $15 SF/Yr
      2,000 SF

      Commercial Office Space Available

      Office space with multiple offices, conference room, and parking.
      177 W Cottonwood Ln, Casa Grande, AZ 85122
      View Details
    • $2,100 /Mo
      920 SF

      Versatile Space in Casa Grande

      Adaptable space suitable for salon, church, office, or retail.
      241 W Cottonwood Ln, Casa Grande, AZ 85122
      View Details
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    701 Park Ave
    Casa Grande, AZ 85122-3947
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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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