Retail and Office Courtyard
For Sale
$6,450,000
12211 - 12213 West Bell Road, Surprise, AZ 85378
Two-building retail and office asset with a central courtyard and covered amenities, benefiting from high-visibility Bell Road frontage.
Property Size29,320 SF
Lot Size2.77 Acres
Price / SF$219.99
Days on Market138
Property Features for 12211 - 12213 West Bell Road
General Information
Standard status
Active
Size
29,320 SF
Class
Class B
Lot size
2.77 Acres
Property subtype
Retail
Occupancy
100%
Site & Location
Traffic Count
66,000 vehicles/day
Road Access
Yes
Building Details
Building Size
29,320 SF
Year Built
1990
Tenancy
Multi
Listing Agency:
Western Retail Advisors
Listed By:
Kalen Rickard · License #SA623748000
(602) 931-4492
Source:
W-retail
Added: Jun 2
Changed: Oct 4
Last Checked: Oct 16 at 7:37AM
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 Western Retail Advisors
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Investment Insights
Based on property information with market context.
The Courtyard at Sunridge Plaza is a two-building retail and office property designed around a central courtyard and covered atrium experience. The site includes covered parking, balconies, and inviting outdoor seating, along with outside-access suites that support convenient tenant operations and guest arrivals. The property is presented as a Class B asset with modern exterior design and a strong leasing profile, listed with 100% occupancy.
Located along Surprise, Arizona’s most traveled commercial corridor on W Bell Road, the property benefits from prominent monument signage and identity-visible frontage. The listing notes visibility to over 66,000 vehicles per day, along with ample guest parking for customer convenience.
For buyers seeking a mixed-use retail and office investment with character and functionality, this courtyard configuration can support a range of tenant types that value walk-up access and shared outdoor/common areas. The combination of covered amenities, outdoor seating, and quick outside access makes it a practical fit for operators looking to differentiate in a high-traffic retail corridor.
Located along Surprise, Arizona’s most traveled commercial corridor on W Bell Road, the property benefits from prominent monument signage and identity-visible frontage. The listing notes visibility to over 66,000 vehicles per day, along with ample guest parking for customer convenience.
For buyers seeking a mixed-use retail and office investment with character and functionality, this courtyard configuration can support a range of tenant types that value walk-up access and shared outdoor/common areas. The combination of covered amenities, outdoor seating, and quick outside access makes it a practical fit for operators looking to differentiate in a high-traffic retail corridor.
Key Highlights
- 29,320 SF two‑building Class B retail and office property at 12211‑12213 W Bell Road, built in 1990
- 2.77 acres with 100% occupancy
- Covered atrium, central courtyard, balconies, and inviting outdoor seating
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$394,369
Cap Rate
6.11%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$7,887,380
$7.9M
Cap Rate 7%
$5,633,843
$5.6M
Cap Rate 9%
$4,381,878
$4.4M
Market Conditions
NOI Build-Up for 29,320 SF
Gross rent
$615.7K $21.00/SF
− Vacancy
−$52.3K −$1.79/SF
EGI
$563.4K $19.22/SF
− OpEx
−$169.0K −$5.76/SF
NOI
$394.4K $13.45/SF
Area
Surprise, AZ
Vacancy
8.50%
Lease Rate
$21.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$7,887,380
Cap Rate 7%
$5,633,843
Cap Rate 9%
$4,381,878
Alternative Uses
Best Use
Retail
$5.63M
$4.93M – $6.57M
NOI $394,369 @ 7.0% cap · market cap 6.11%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$9.04M
$7.91M – $10.55M
NOI $632,932 @ 7.0% cap · market cap 9.81%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
66,000 VPD
Traffic count
100%
Occupancy
Multi-tenant
Tenancy
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
465
Businesses Nearby
9k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 84%
Hotels & Casinos 16%
Chevron
Shops & Services
7,807 visits/mo
0.1 miles
Comfort Inn & Suites Surprise Near Sun City West
Hotels & Casinos
1,453 visits/mo
0.3 miles
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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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in West region
Frequently Asked Questions
What type of property is this?
Strip mall - Two-building retail and office asset with a central courtyard and covered amenities, benefiting from high-visibility Bell Road frontage.
Where is this strip mall located?
The property is located at 12211 - 12213 West Bell Road Surprise, AZ.
What is the asking price?
The asking price for this property is $6,450,000.
What are key features of this property?
This property features: 29,320 SF two‑building Class B retail and office property at 12211‑12213 W Bell Road, built in 1990; 2.77 acres with 100% occupancy; Covered atrium, central courtyard, balconies, and inviting outdoor seating
