Corner Retail
New
For Sale
Contact for pricing
4338 W Bell Rd, Glendale, AZ 85308
The center occupies the intersection of West Bell Road and 43rd Avenue in Glendale.
Property Size12,358 SF
Price / SF$0.18
Days on Market3
Property Features for 4338 W Bell Rd
General Information
Standard status
Active
Size
12,358 SF
Additional Details
Highway Access
Yes
Building Details
Year Built
1980
Tenancy
Multi
Listing Agency:
R.O.I. Properties
Listed By:
Reuben Z Nach · License #SA687040000
(602) 881-4724
Source:
Myphoenixhomesource
Added: Oct 29
Changed: Oct 30
Last Checked: Oct 30 at 12:32PM
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 R.O.I. Properties
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Investment Insights
Based on property information with market context.
Bellair Plaza is a retail center at the junction of West Bell Road and 43rd Avenue in Glendale. The property contains 12,358 square feet and was built in 1980. New tenants include a bar and grill.
I-17 and Loop 101 are described as minutes away, providing regional highway access.
I-17 and Loop 101 are described as minutes away, providing regional highway access.
Key Highlights
- 12,358‑square‑foot retail center
- At West Bell Road and 43rd Avenue
- Built in 1980
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$142,475
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,849,500
$2.8M
Cap Rate 7%
$2,035,357
$2.0M
Cap Rate 9%
$1,583,056
$1.6M
Market Conditions
NOI Build-Up for 12,358 SF
Gross rent
$222.4K $18.00/SF
− Vacancy
−$18.9K −$1.53/SF
EGI
$203.5K $16.47/SF
− OpEx
−$61.1K −$4.94/SF
NOI
$142.5K $11.53/SF
Area
Glendale, AZ
Vacancy
8.50%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,849,500
Cap Rate 7%
$2,035,357
Cap Rate 9%
$1,583,056
Alternative Uses
Best Use
Retail
$2.04M
$1.78M – $2.37M
NOI $142,475 @ 7.0% cap · market cap 6,476.14%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$3.88M
$3.40M – $4.53M
NOI $271,726 @ 7.0% cap · market cap 12,351.18%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Lease Details
Multi-tenant
Tenancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
614
Businesses Nearby
Explore this area
Business Placement
Demographics for 85308, AZ
66,540
Population
26,540
Households
2.5
Avg Household Size
40
Median Age
38%
College-Educated
95%
High-School Grad
16.9 sq mi
ZIP Area
3,937
Density / Sq Mi
$95,512
Median Household Income
$50,026
Median Earnings
$1,777
Median Rent
$420,100
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?
Retail space - The center occupies the intersection of West Bell Road and 43rd Avenue in Glendale.
Where is this retail space located?
The property is located at 4338 W Bell Rd Glendale, AZ.
What are key features of this property?
This property features: 12,358‑square‑foot retail center; At West Bell Road and 43rd Avenue; Built in 1980
