Three-Unit Office Condo
For Sale
$1,670,000
4550 E Bell Road #142, Phoenix, AZ 85032
Professional office configuration with C-O zoning and potential medical office conversion.
Property Size6,003 SF
Price / SF$283.05
Days on Market11
Property Features for 4550 E Bell Road #142
General Information
Standard status
Active
Size
6,003 SF
Property subtype
Commercial
Zoning
C-O
Additional Details
Office Units
3
Taxes and HOA fees
Annual Taxes
$13,701
Building Details
Building Size
6,003 SF
Year Built
2006
Buildings
1
Stories
1
Listing Agency:
Libertas Real Estate
(602) 800-4042
Listed By:
Ian Johnson
(602) 800-4042
Source:
Sunhaven-realestate
Added: Jul 26
Changed: Aug 5
Last Checked: Aug 5 at 6:04AM
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 combines three individually platted office condominium units within Building 4 at 4550 E Bell Road. Suites 136, 139, and 142 contain approximately 5,900 SF in total and are being conveyed together rather than as separate purchases. The property was built in 2006 and is currently configured for professional office use, with the source information also identifying medical office conversion as a potential direction subject to the selected build-out.
The property is situated in the North Phoenix, Paradise Valley, and Desert Ridge healthcare corridor, minutes from Mayo Clinic, Abrazo Scottsdale, Honor Health, and other healthcare providers. C-O zoning supports the stated office classification. Each unit carries its own APN, providing a defined condominium structure within the combined offering.
The property is situated in the North Phoenix, Paradise Valley, and Desert Ridge healthcare corridor, minutes from Mayo Clinic, Abrazo Scottsdale, Honor Health, and other healthcare providers. C-O zoning supports the stated office classification. Each unit carries its own APN, providing a defined condominium structure within the combined offering.
Key Highlights
- Three individually platted office condo units sold together
- Suites 136, 139, and 142 in Building 4
- 5,900sf total office area
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 - Professional office configuration with C-O zoning and potential medical office conversion.
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 sold together; Suites 136, 139, and 142 in Building 4; 5,900sf total office area
