142-4550 E Bell Rd, Phoenix, AZ 85023

Listing Agency: Libertas Real Estate r***@libertasrealestate.com Show Phone

Listed By: Ian Johnson · License #BR632935000 Show Phone

Source: Exprealty

Added: Jul 26 Changed: Oct 26 Last Checked: Nov 8 at 6:45AM

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Investment Insights

Based on property information with market context.

This offering comprises three separately platted office condominium units within Building 4: Suites 136, 139, and 142. The units are being offered together rather than as individual sales, and the current use is professional office space. Each unit carries its own APN, providing distinct parcel identification within the condominium structure.

The property is located at 142-4550 E Bell Rd in Phoenix, within minutes of Mayo Clinic, Abrazo Scottsdale, HonorHealth, and other healthcare providers serving the North Phoenix, Paradise Valley, and Desert Ridge corridor. The existing office configuration may support evaluation for a medical office conversion, subject to the buyer’s selected build-out and due diligence.

Key Highlights

• Three individually platted office condo units in Building 4
• Suites 136, 139, and 142 offered together, not individually
• Current professional office use

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$102,764

Cap Rate

6.15%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$2,055,280 $2.1M

Cap Rate 7%

$1,468,057 $1.5M

Cap Rate 9%

$1,141,822 $1.1M

Is this asking price fair?

Market Conditions

NOI Build-Up for 6,003 SF

Gross rent

$184.4K $30.72/SF

− Vacancy

−$47.4K −$7.90/SF

EGI

$137.0K $22.82/SF

− OpEx

−$34.3K −$5.71/SF

NOI

$102.8K $17.12/SF

Area

Phoenix, AZ

Vacancy

25.70%

Lease Rate

$30.72 /SF/Yr

Expense Ratio

25.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$2,055,280

Cap Rate 7%

$1,468,057

Cap Rate 9%

$1,141,822

Alternative Uses

Best Use

Office B

$1.47M

$1.28M – $1.71M (±1% cap)

NOI $102,764 @ 7.0% cap · market cap 6.15%

Second Best

Healthcare Medical

$1.22M

$1.07M – $1.43M (±1% cap)

NOI $85,579 @ 7.0% cap · market cap 5.12%

Theoretical Best

Office A

$1.82M

$1.59M – $2.12M (±1% cap)

NOI $127,285 @ 7.0% cap · market cap 7.62%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

Current Use

Office Units

Suggested Use

Top Pick Law Firm Real Estate Agency Parking Lot & Garage Daycare Center Hair Salon (Bike/Boat/Book/etc) Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

3

Office units

Location Intelligence

Trade Area within ½ mile

587

Businesses Nearby

Explore this area Business Placement

Demographics for 85023, AZ

35,241

Population

14,765

Households

2.4

Avg Household Size

36

Median Age

32%

College-Educated

91%

High-School Grad

7.4 sq mi

ZIP Area

4,762

Density / Sq Mi

$72,442

Median Household Income

$43,936

Median Earnings

$1,429

Median Rent

$359,200

Median Home Value

Market

Average Price Trend$/SF for Office Units in Phoenix, AZ

$240 Jul

$158 Aug

$151 Sep

$140 Oct

Properties on Market for Office Units in Phoenix

Jul

Aug

Sep

Oct

Vacancy Rate% for Office in Phoenix, AZ

14.4% 2019

19.3% 2020

21.7% 2021

24.3% 2022

27.4% 2023

28.5% 2024

26.5% 2025

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Frequently Asked Questions

What type of property is this?

Office unit - Professional office configuration with potential for medical office conversion.

Where is this office unit located?

The property is located at 142-4550 E Bell Rd Phoenix, AZ.

What is the asking price?

The asking price for this property is $1,670,000.

What are key features of this property?

This property features: Three individually platted office condo units in Building 4; Suites 136, 139, and 142 offered together, not individually; Current professional office use