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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    13707-13723 Bell Rd Surprise, AZ 85374

    • Neighborhood centers
    • 445,240 SF
    For Lease
    View listing
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Neighborhood centers

    Property Details for 13707-13723 Bell Rd

    Property size
    445,240 SF
    Property type
    Neighborhood centers
    Property subtype
    Retail properties

    Description

    Surprise Marketplace offers a prime retail opportunity in Maricopa County. This established strip center boasts a total of 445,240 square feet and currently has one available space totaling 4,711 square feet. The property enjoys a strong tenant mix, featuring over 50 national retailers, including major anchors such as Target, Lowe's, Ulta Beauty, Best Buy, Barnes & Noble, and Ross Dress for Less. This ensures high foot traffic and visibility for potential tenants. The location benefits from its established presence within a thriving retail corridor, providing excellent access and exposure to a large customer base. The available space presents a unique chance to establish a business within a successful and well-maintained shopping center. This is an exceptional opportunity for businesses seeking high visibility and a strong customer base in a rapidly growing area. The property's size and established tenant roster make it an attractive investment for businesses of various sizes. The available space is ready for immediate occupancy, offering a seamless transition for new tenants. Contact us today to learn more about this exceptional retail opportunity.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Surprise
    County
    Maricopa
    State
    Arizona
    Longitude
    -112.351
    Latitude
    33.6368

    Comparable in this City

    • Value Estimation
      $1,270,000
      9,000 SF

      14557 Grand Ave

      SHOPPING CENTER, STRIP CENTER • 9,000 SF
      14557 Grand Ave, Surprise, AZ 85374-7104
      View Details
    • Value Estimation
      $1,635,000
      9,098 SF

      13820 Bell Rd

      SHOPPING CENTER, STRIP CENTER • 9,098 SF
      13820 Bell Rd, Surprise, AZ 85374-3991
      View Details
    • Value Estimation
      $2,895,000
      8,917 SF

      16487 Bell Rd

      SHOPPING CENTER, STRIP CENTER • 8,917 SF
      16487 Bell Rd, Surprise, AZ 85374-6601
      View Details
    • Value Estimation
      $7,610,000
      23,450 SF

      13839 Bell Rd

      SHOPPING CENTER, STRIP CENTER • 23,450 SF
      13839 Bell Rd, Surprise, AZ 85374-4373
      View Details
    • Value Estimation
      $940,000
      5,440 SF

      13059 Grand Ave

      SHOPPING CENTER, STRIP CENTER • 5,440 SF
      13059 Grand Ave, Surprise, AZ 85374-7044
      View Details
    • Value Estimation by Request
      10,741 SF

      14291 Grand Ave

      SHOPPING CENTER, STRIP CENTER • 10,741 SF
      14291 Grand Ave, Surprise, AZ 85374-4298
      View Details

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    Similar Nearby for Lease

    • Contact for pricing
      445,240 SF

      Surprise Marketplace Retail Center

      High-traffic retail space available.
      13707-13723 Bell Rd, Surprise, AZ 85374
      View Details
    • Contact for pricing
      27,000 SF

      Surprise Retail Center - Grand Ave Frontage

      High-Visibility Retail Space, 27,000 SF Available
      18795 Reems Rd, Surprise, AZ 85374
      View Details
    • Contact for pricing
      10,754 SF

      Surprise Towne Center Retail Space

      Prime Retail Space in Surprise, AZ
      0 Nwc Bell Rd & Grand Ave, Surprise, AZ 85374
      View Details
    • Contact for pricing
      3,333 SF

      Retail Space in High-Traffic Area

      Retail space available at a major intersection in Surprise, Arizona.
      13706-13722 W Bell Rd, Surprise, AZ 85374
      View Details
    • Contact for pricing
      9,285 SF

      Retail Strip Center For Rent

      Retail spaces available in a busy, fully leased strip center.
      14071 W Bell Rd, Surprise, AZ 85374
      View Details
    • Contact for pricing
      52,025 SF

      Retail Strip Center For Rent

      Retail strip center with easy access and high visibility.
      15455-15459 W Bell Rd, Surprise, AZ 85374
      View Details
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    Surprise, AZ 85374
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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