Retail and Office Courtyard
12211 - 12213 West Bell Road Surprise, AZ 85378
12211 - 12213 West Bell Road, Surprise, AZ, 85378
$6,450,000
For Sale
$6,450,000
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 Market48
Property Features for 12211 - 12213 West Bell Road
General Information
- Standard status
- Active
- Size
- 29,320 SF
- Lot size
- 2.77 Acres
- Property subtype
- Retail
Building Details
- Year Built
- 1990
Listing Agency
Western Retail Advisors, LLC
(602) 931-4492
Listed by
Kalen Rickard · License #AZ SA623748000
Source
W-retail
Added: Jun 2 Checked: Jul 17 at 7:26 am
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, LLC
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
Local 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 | $774.0k | $26.40 |
| − Vacancy | −$210.5k | −$7.18 |
| EGI | $563.5k | $19.22 |
| − OpEx | −$140.9k | −$4.80 |
| NOI | $422.6k | $14.41 |
29,320 SF · lease $26.40/SF/yr · vacancy 27.20% · expense 25.00%
Alternative Uses
Best Use
Office B
$6.04M
$5.28M – $7.04M
NOI $422,630 @ 7.0% cap · market cap 6.55%
Second Best
Retail
$5.63M
$4.93M – $6.57M
NOI $394,369 @ 7.0% cap · market cap 6.11%
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 local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Strip malls
Similar For Sale Nearby
FAQs
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
