Three-Unit Office Condo Building
New
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 Size5,900 SF
Price / SF$283.05
Days on Market6
Property Features for 4550 E BELL Road 142
General Information
Standard status
Active
Size
5,900 SF
Property subtype
COMMERCIAL
Additional Details
Office Units
3
Building Details
Building Size
6,003 SF
Year Built
2006
Listing Agency:
Libertas Real Estate
(602) 800-4042
Listed By:
Ian Johnson
(602) 800-4042
Source:
Jcluxuryresidential
Added: Jul 26
Changed: Jul 30
Last Checked: Jul 30 at 2:01PM
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
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 For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $181.2k | $30.72 |
| − Vacancy | −$46.6k | −$7.90 |
| EGI | $134.7k | $22.82 |
| − OpEx | −$33.7k | −$5.71 |
| NOI | $101.0k | $17.12 |
5,900 SF · lease $30.72/SF/yr · vacancy 25.70% · expense 25.00%
Alternative Uses
Best Use
Office B
$1.44M
$1.26M – $1.68M
NOI $101,000 @ 7.0% cap · market cap 6.05%
Second Best
Healthcare Medical
$1.20M
$1.05M – $1.40M
NOI $84,110 @ 7.0% cap · market cap 5.04%
Theoretical Best
Office A
$1.78M
$1.56M – $2.08M
NOI $124,840 @ 7.0% cap · market cap 7.48%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
3
Office units
Location Intelligence
Trade Area within ½ mile
814
Businesses Nearby
Explore this area
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
Market
Vacancy Rate% for Office in Phoenix, AZ
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office units - Three individually platted office condo units total 5,900 SF in building 4, suited for professional office use.
Where is this office units 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
