End-Cap Office
For Sale
Contact for pricing
5533 E Bell Rd #127, Scottsdale, AZ 85254
Built-out traditional office suite with private rooms and Bell Road exposure within a professional condominium complex.
Property Size1,542 SF
Price / SF$345.01
Days on Market171
Property Features for 5533 E Bell Rd #127
General Information
Standard status
Active
Size
1,542 SF
Class
B
Total Parking Spaces
2
Property subtype
Office
Investment Type
Owner/User
Additional Details
Asking Price
$532,000
Highway Access
Yes
Building Details
Year Built
2004
Tenancy
Single
Listing Agency:
SVN | Desert Commercial Advisors
(480) 220-2674
Listed By:
Richard Lewis · License #AZ #SA674245000
Source:
Crexi
Added: Mar 13
Changed: Aug 30
Last Checked: Mar 26 at 12:30AM
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 SVN | Desert Commercial Advisors
Investment Insights
Based on property information with market context.
Suite 127 is a built-out traditional office unit within the Bell 55 Professional Office Condo Complex. The end-cap configuration includes private offices along the building’s western boundary and is currently occupied by a counseling group. The suite is available to an owner-user at close of escrow.
The property sits on the southwest side of Bell Road and 56th Street, with visibility to Bell Road and access to nearby retail and hospitality destinations. The surrounding area includes Mayo Clinic, Desert Ridge Shopping Complex, JW Marriott Desert Ridge, High Street, City North, The Promenade, and the redevelopment of Paradise Valley Mall. Loop 101 and State Route 51 are both minutes away. A residential development of approximately 120 acres is located a quarter-mile west, with 8 other new development projects within a 3-mile radius.
The property sits on the southwest side of Bell Road and 56th Street, with visibility to Bell Road and access to nearby retail and hospitality destinations. The surrounding area includes Mayo Clinic, Desert Ridge Shopping Complex, JW Marriott Desert Ridge, High Street, City North, The Promenade, and the redevelopment of Paradise Valley Mall. Loop 101 and State Route 51 are both minutes away. A residential development of approximately 120 acres is located a quarter-mile west, with 8 other new development projects within a 3-mile radius.
Key Highlights
- End‑cap suite within the Bell 55 Professional Office Condo Complex
- Built‑out traditional office space currently used by a counseling group
- Private offices positioned along the building’s western boundary
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$24,413
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
4.59%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$488,260
$488.3K
Cap Rate 7%
$348,757
$348.8K
Cap Rate 9%
$271,256
$271.3K
Market Conditions
NOI Build-Up for 1,542 SF
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.
Gross rent
$39.6K $25.68/SF
− Vacancy
−$7.0K −$4.57/SF
EGI
$32.6K $21.11/SF
− OpEx
−$8.1K −$5.28/SF
NOI
$24.4K $15.83/SF
Area
Scottsdale, AZ
Vacancy
17.80%
Lease Rate
$25.68 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$488,260
Cap Rate 7%
$348,757
Cap Rate 9%
$271,256
Alternative Uses
Best Use
Office B
$348.8K
$305.2K – $406.9K
NOI $24,413 @ 7.0% cap · market cap 4.59%
Second Best
—
—
no second resolved use
Theoretical Best
Retail
$506.2K
$442.9K – $590.6K
NOI $35,434 @ 7.0% cap · market cap 6.66%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Single-tenant
Tenancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
457
Businesses Nearby
Explore this area
Business Placement
Demographics for 85254, AZ
46,352
Population
21,469
Households
2.2
Avg Household Size
45
Median Age
60%
College-Educated
97%
High-School Grad
13.7 sq mi
ZIP Area
3,383
Density / Sq Mi
$120,885
Median Household Income
$61,953
Median Earnings
$1,954
Median Rent
$701,900
Median Home Value
Market
Vacancy Rate% for Office in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office units - Built-out traditional office suite with private rooms and Bell Road exposure within a professional condominium complex.
Where is this office units located?
The property is located at 5533 E Bell Rd #127 Scottsdale, AZ.
What is the asking price?
The asking price for this property is $532,000.
What are key features of this property?
This property features: End‑cap suite within the Bell 55 Professional Office Condo Complex; Built‑out traditional office space currently used by a counseling group; Private offices positioned along the building’s western boundary
