3-Unit Office Condo
For Sale
$1,670,000
4550 E Bell Rd Unit 142, Phoenix, AZ 85032
Professionally used office condominium units positioned near major healthcare providers in the North Phoenix corridor.
Property Size6,003 SF
Price / SF$278.19
Days on Market48
Property Features for 4550 E Bell Rd Unit 142
General Information
Standard status
Active
Size
6,003 SF
Site & Location
Neighborhood
Paradise Valley
Additional Details
Office Units
3
Building Details
Year Built
2006
Buildings
1
Listing Agency:
Libertas Real Estate
Listed By:
Ian Johnson · License #BR632935000
(602) 800-4042
Source:
Mendozateam
Added: Sep 10
Changed: Oct 26
Last Checked: Oct 7 at 5:20PM
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 comprises three separately platted office condominium units in Building 4 at Suites 136, 139, and 142. The combined offering is being marketed as one package rather than as individual units. The existing use is professional office, providing an established commercial configuration for an office owner or user. The property was built in 2006.
The address is 4550 E Bell Rd Unit 142, Phoenix, AZ 85032, within the North Phoenix, Paradise Valley, and Desert Ridge healthcare corridor. Mayo Clinic, Abrazo Scottsdale, and Honor Health are identified as nearby healthcare providers. Each unit carries its own APN: 215-18-534, 215-18-533, and 215-18-532.
The address is 4550 E Bell Rd Unit 142, Phoenix, AZ 85032, within the North Phoenix, Paradise Valley, and Desert Ridge healthcare corridor. Mayo Clinic, Abrazo Scottsdale, and Honor Health are identified as nearby healthcare providers. Each unit carries its own APN: 215-18-534, 215-18-533, and 215-18-532.
Key Highlights
- Three individually platted office condo units offered together
- Suites 136, 139, and 142 in Building 4
- Existing 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 - Professionally used office condominium units positioned near major healthcare providers in the North Phoenix corridor.
Where is this office unit located?
The property is located at 4550 E Bell Rd Unit 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 offered together; Suites 136, 139, and 142 in Building 4; Existing professional office use
