Multi-Building Office
11321 W Bell Rd Surprise, AZ 85378
For Sale
Contact for pricing
Office building offering multiple structures, with partial and fully leased income-producing space plus one vacant building.
Property Size8,197 SF
Price / SF$269.49
Days on Market113
Property Features for 11321 W Bell Rd
General Information
- Standard status
- Active
- Size
- 8,197 SF
- Property subtype
- Office
Building Details
- Year Built
- 2003
Listing Agency:
Commercial Properties Inc.
(480) 522-2774
Listed By:
Dallin Pace · License #AZ BR676008000
Source:
Crexi
Added: Apr 2
Changed: Jul 23
Last Checked: Jul 23 at 2:58PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Commercial Properties Inc.
Investment Insights
Based on property information with market context.
This office property includes three buildings, with a portion of the space currently partially or fully leased and generating income for a future owner. One additional building is vacant and available for an owner-user to occupy or for an investor to lease.
The offering is located at 11321 W Bell Rd in Surprise, Arizona, marketed as an opportunity in the Northwest Valley.
As presented, the asset supports both owner-occupant use of the vacant building and an investment approach through the currently leased buildings and potential leasing of the vacancy.
The offering is located at 11321 W Bell Rd in Surprise, Arizona, marketed as an opportunity in the Northwest Valley.
As presented, the asset supports both owner-occupant use of the vacant building and an investment approach through the currently leased buildings and potential leasing of the vacancy.
Key Highlights
- Office building constructed in 2003
- Multi‑building office property with 3 buildings partially or fully leased and generating income
- 1 building is vacant and available for an owner‑user or to lease for additional income
Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $216.4k | $26.40 |
| − Vacancy | −$58.9k | −$7.18 |
| EGI | $157.5k | $19.22 |
| − OpEx | −$39.4k | −$4.80 |
| NOI | $118.2k | $14.41 |
8,197 SF · lease $26.40/SF/yr · vacancy 27.20% · expense 25.00%
Alternative Uses
Best Use
Office B
$1.69M
$1.48M – $1.97M
NOI $118,155 @ 7.0% cap · market cap 5.35%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.53M
$2.21M – $2.95M
NOI $176,949 @ 7.0% cap · market cap 8.01%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Office buildings
FAQs
What type of property is this?
Office building - Office building offering multiple structures, with partial and fully leased income-producing space plus one vacant building.
Where is this office building located?
The property is located at 11321 W Bell Rd Surprise, AZ.
What is the asking price?
The asking price for this property is $2,209,000.
What are key features of this property?
This property features: Office building constructed in 2003; Multi‑building office property with 3 buildings partially or fully leased and generating income; 1 building is vacant and available for an owner‑user or to lease for additional income
