Three-Unit Office Condo Building
For Sale
$1,670,000
4550 E BELL Road 142, Phoenix, AZ 85032
Three individually platted office condo units total 5,900 SF in building 4, suited for professional office use.
Property Size6,003 SF
Price / SF$278.19
Days on Market94
Property Features for 4550 E BELL Road 142
General Information
Standard status
Active
Size
6,003 SF
Property subtype
Comm/industry Sale
Site & Location
Neighborhood
Paradise Valley
Additional Details
Office Units
3
Listing Agency:
Libertas Real Estate
(623) 271-9742
Listed By:
Ian Johnson · License #BR632935000
(602) 800-4042
Source:
Nicolesecrest
Added: Jul 29
Changed: Oct 26
Last Checked: Oct 28 at 7:53AM
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 Libertas Real Estate
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Investment Insights
Based on property information with market context.
This offering includes three individually platted office condo units located in building 4: Suites 136, 139, and 142. The units are identified by separate APNs (215-18-534, 215-18-533, and 215-18-532). Total size is 5,900 SF, and the property is currently used as professional office space.
The units are marketed as an opportunity for medical office conversion, with any changes dependent on the build-out selected. The property is positioned in the North Phoenix / Paradise Valley / Desert Ridge healthcare corridor and is described as minutes from multiple major providers, including Mayo Clinic, Abrazo Scottsdale, and Honor Health.
Built in 2006, the building is part of an office condo configuration designed for separate suites within the same structure. Buyers should perform their due diligence regarding suitability for their intended office or medical build-out plans.
The units are marketed as an opportunity for medical office conversion, with any changes dependent on the build-out selected. The property is positioned in the North Phoenix / Paradise Valley / Desert Ridge healthcare corridor and is described as minutes from multiple major providers, including Mayo Clinic, Abrazo Scottsdale, and Honor Health.
Built in 2006, the building is part of an office condo configuration designed for separate suites within the same structure. Buyers should perform their due diligence regarding suitability for their intended office or medical build-out plans.
Key Highlights
- Three individually platted office condo units in building 4: Suites 136, 139 and 142
- Not being sold individually; offered as a three‑suite package
- Total 5,900 SF 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
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
ZIP 85032
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
NOI $102,764 @ 7.0% cap · market cap 6.15%
Second Best
Healthcare Medical
$1.22M
$1.07M – $1.43M
NOI $85,579 @ 7.0% cap · market cap 5.12%
Theoretical Best
Office A
$1.81M
$1.59M – $2.12M
NOI $127,020 @ 7.0% cap · market cap 7.61%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
3
Office units
Location Intelligence
Trade Area within ½ mile
814
Businesses Nearby
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Business Placement
Demographics for 85032, AZ
68,710
Population
30,386
Households
2.3
Avg Household Size
38
Median Age
34%
College-Educated
89%
High-School Grad
12.4 sq mi
ZIP Area
5,541
Density / Sq Mi
$74,331
Median Household Income
$44,790
Median Earnings
$1,492
Median Rent
$387,900
Median Home Value
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Market
Vacancy Rate% for Office in Phoenix, AZ
Frequently Asked Questions
What type of property is this?
Office unit - Three individually platted office condo units total 5,900 SF in building 4, suited for professional office use.
Where is this office unit located?
The property is located at 4550 E BELL Road 142 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; Not being sold individually; offered as a three‑suite package; Total 5,900 SF professional office use
