One-Bedroom Condominium
For Sale
$119,000
Pending
12123 W Bell Rd #211, Surprise, AZ 85378
Updated apartment with a granite kitchen, private balcony, and access to shared recreational amenities.
Property Size600 SF
Days on Market51
Property Features for 12123 W Bell Rd #211
General Information
Standard status
Pending
Size
600 SF
Property subtype
Multi-Family
Building Details
Year Built
1987
Listing Agency:
J Vincent Company
(520) 548-0216
Listed By:
The Garcia Group
(480) 771-2303
Source:
Beckygarcia
Added: Aug 28
Changed: Oct 16
Last Checked: Oct 16 at 9:06AM
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 J Vincent Company
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Investment Insights
Based on property information with market context.
This one-bedroom, one-bath condominium residence at Cliffs Condominium features tile flooring, neutral interior finishes, and naturally bright living spaces. The kitchen includes white cabinetry, a tile backsplash, granite countertops, a breakfast bar, and stainless steel appliances. The bedroom provides closet storage and opens to a balcony.
Community amenities include a pool, spa, and pickleball facilities. The property is located at 12123 W Bell Rd #211 in Surprise, Arizona, near the 303 loop and the tech corridor to the north. Built in 1987, the residence combines a practical apartment layout with established community amenities and convenient regional access.
Community amenities include a pool, spa, and pickleball facilities. The property is located at 12123 W Bell Rd #211 in Surprise, Arizona, near the 303 loop and the tech corridor to the north. Built in 1987, the residence combines a practical apartment layout with established community amenities and convenient regional access.
Key Highlights
- One‑bedroom, one‑bath condominium residence
- Kitchen with granite countertops, breakfast bar, and stainless steel appliances
- Private balcony accessible from the bedroom
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$6,155
Cap Rate
5.17%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$123,100
$123.1K
Cap Rate 7%
$87,929
$87.9K
Cap Rate 9%
$68,389
$68.4K
Market Conditions
NOI Build-Up for 600 SF
Gross rent
$11.9K $19.80/SF
− Vacancy
−$689 −$1.15/SF
EGI
$11.2K $18.65/SF
− OpEx
−$5.0K −$8.39/SF
NOI
$6.2K $10.26/SF
Area
Surprise, AZ
Vacancy
5.80%
Lease Rate
$19.80 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$123,100
Cap Rate 7%
$87,929
Cap Rate 9%
$68,389
Alternative Uses
Best Use
Apartment 5plus
$87.9K
$76.9K – $102.6K
NOI $6,155 @ 7.0% cap · market cap 5.17%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$185.0K
$161.9K – $215.9K
NOI $12,952 @ 7.0% cap · market cap 10.88%
Zoning and permitted uses should be independently verified with authorities.
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
407
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
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Frequently Asked Questions
What type of property is this?
Residential income property - Updated apartment with a granite kitchen, private balcony, and access to shared recreational amenities.
Where is this residential income property located?
The property is located at 12123 W Bell Rd #211 Surprise, AZ.
What is the asking price?
The asking price for this property is $119,000.
What are key features of this property?
This property features: One‑bedroom, one‑bath condominium residence; Kitchen with granite countertops, breakfast bar, and stainless steel appliances; Private balcony accessible from the bedroom
