Remodeled Office Suite with Glass Conference
For Sale
$1,050,000
15282 West Brookside Lane, Surprise, AZ 85374
Newly remodeled office suite with a glass conference room, training room, two restrooms, and direct walk-in access from the parking lot.
Property Size2,435 SF
Days on Market53
Property Features for 15282 West Brookside Lane
General Information
Standard status
Active
Size
2,435 SF
Property subtype
Office
Building Details
Building Size
2,435 SF
Listing Agency:
Phoenix West Commercial
Listed By:
Eli Mastracci · License #SA683905000
(623) 226-8771
Source:
Commercialcafe
Added: Jul 19
Changed: Sep 8
Last Checked: Sep 9 at 6:20AM
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 Phoenix West Commercial
Investment Insights
Based on property information with market context.
Brookside Bell Professional Center offers a newly remodeled office suite with high-end finishes. The space includes a glass conference room, a training room, two restrooms, a breakroom, and additional offices/work areas. It is currently configured as general office space, previously operated as a chiropractic medical office.
The suite is immediately off Bell Road and Reems in Surprise, AZ, with many amenities within walking distance. Access is straightforward with a direct walk-in from the parking lot, without elevators or a lobby to navigate.
The layout provides multiple dedicated rooms in addition to private office areas, supporting professional uses that benefit from conferencing and training spaces.
The suite is immediately off Bell Road and Reems in Surprise, AZ, with many amenities within walking distance. Access is straightforward with a direct walk-in from the parking lot, without elevators or a lobby to navigate.
The layout provides multiple dedicated rooms in addition to private office areas, supporting professional uses that benefit from conferencing and training spaces.
Key Highlights
- Brookside Bell Professional Center office in Surprise, AZ, immediately off Bell Road and Reems
- Newly remodeled with high‑end finishes and a glass conference room
- Includes a training room, breakroom, and two restrooms
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$35,099
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
3.34%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$701,980
$702.0K
Cap Rate 7%
$501,414
$501.4K
Cap Rate 9%
$389,989
$390.0K
Market Conditions
NOI Build-Up for 2,435 SF
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.
Gross rent
$64.3K $26.40/SF
− Vacancy
−$17.5K −$7.18/SF
EGI
$46.8K $19.22/SF
− OpEx
−$11.7K −$4.80/SF
NOI
$35.1K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$701,980
Cap Rate 7%
$501,414
Cap Rate 9%
$389,989
Alternative Uses
Best Use
Office B
$501.4K
$438.7K – $585.0K
NOI $35,099 @ 7.0% cap · market cap 3.34%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$750.9K
$657.1K – $876.1K
NOI $52,564 @ 7.0% cap · market cap 5.01%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,260
Businesses Nearby
Explore this area
Business Placement
Demographics for 85374, AZ
41,182
Population
21,982
Households
1.9
Avg Household Size
61
Median Age
30%
College-Educated
95%
High-School Grad
12.8 sq mi
ZIP Area
3,217
Density / Sq Mi
$78,690
Median Household Income
$45,427
Median Earnings
$1,897
Median Rent
$355,800
Median Home Value
Market
Vacancy Rate% for Office in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office units - Newly remodeled office suite with a glass conference room, training room, two restrooms, and direct walk-in access from the parking lot.
Where is this office units located?
The property is located at 15282 West Brookside Lane Surprise, AZ.
What is the asking price?
The asking price for this property is $1,050,000.
What are key features of this property?
This property features: Brookside Bell Professional Center office in Surprise, AZ, immediately off Bell Road and Reems; Newly remodeled with high‑end finishes and a glass conference room; Includes a training room, breakroom, and two restrooms
