Three-Tenant Office Building For
For Sale
$2,300,000
11327 W Bell Rd, Surprise, AZ 85378
Three-tenant office building with income potential and green space.
Property Size7,035 SF
Price / SF$326.94
Days on Market253
Property Features for 11327 W Bell Rd
General Information
Standard status
Active
Size
7,035 SF
Property subtype
Office
Building Details
Building Size
7,035 SF
Year Built
2001
Listing Agency:
Commercial Properties Inc
Listed By:
Dallin Pace, CCIM · License #BR676008000
(480) 815-8275
Source:
Cpiaz
Added: Jan 26
Changed: Sep 12
Last Checked: Oct 5 at 5:34PM
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 three-tenant office building in the Northwest Valley presents an opportunity for an owner/user or investor. The property contains 3 suites totaling 7,035 square feet. Currently 52.5% occupied, two suites are leased and generating income. The third suite is available for owner occupancy or for lease to generate additional income. The purchase includes an adjacent, enclosed green space that offers potential for outdoor recreation and other uses. Monument signage is available.
Key Highlights
- Opportunity for Owner/User or Investor
- Two suites currently leased and generating income
- One suite available for Owner/User or lease
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$101,405
Cap Rate
4.41%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,028,100
$2.0M
Cap Rate 7%
$1,448,643
$1.4M
Cap Rate 9%
$1,126,722
$1.1M
Market Conditions
NOI Build-Up for 7,035 SF
Gross rent
$185.7K $26.40/SF
− Vacancy
−$50.5K −$7.18/SF
EGI
$135.2K $19.22/SF
− OpEx
−$33.8K −$4.80/SF
NOI
$101.4K $14.41/SF
Area
Surprise, AZ
Vacancy
27.20%
Lease Rate
$26.40 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,028,100
Cap Rate 7%
$1,448,643
Cap Rate 9%
$1,126,722
Alternative Uses
Best Use
Office B
$1.45M
$1.27M – $1.69M
NOI $101,405 @ 7.0% cap · market cap 4.41%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.17M
$1.90M – $2.53M
NOI $151,865 @ 7.0% cap · market cap 6.60%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
200
Businesses Nearby
Explore this area
Business Placement
Demographics for 85378, AZ
9,368
Population
4,671
Households
2
Avg Household Size
39
Median Age
17%
College-Educated
85%
High-School Grad
3.6 sq mi
ZIP Area
2,602
Density / Sq Mi
$62,881
Median Household Income
$39,942
Median Earnings
$1,369
Median Rent
$235,200
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Office in West region
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Frequently Asked Questions
What type of property is this?
Office building - Three-tenant office building with income potential and green space.
Where is this office building located?
The property is located at 11327 W Bell Rd Surprise, AZ.
What is the asking price?
The asking price for this property is $2,300,000.
What are key features of this property?
This property features: Opportunity for Owner/User or Investor; Two suites currently leased and generating income; One suite available for Owner/User or lease
