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Property profile & analytics
FOR SALE
Office buildings
11327 W Bell Rd Surprise, AZ 85378
Entity Owned
1-yr Hold
~
Est. High Equity
Property ID
US07-0105527
For Sale
1 / 20
$2,150,000
11327 W Bell Rd, Surprise, AZ 85378
View Listing →
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
2000
Construction
STEEL FRAME
Total area
7,052 SF
Lot
0.62 ac (26,893 SF)
Zoning code
C-2
APN
200-13-018M
UPID
US07-0105527
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$2.01M
Comparable Approach
Comparable
$2.09M
Blend (final)
Blend
$3.14M
Owner & transaction history
Nirfas Investments LLC · 1 yrs held
Nirfas Investments LLC
since 2024
Last sale
$3.9M
7 recorded transactions
Zoning & alternative use
C-2 · Surprise, AZ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$4.5M
+287.7%
Restaurant
$4.4M
+275.0%
Auto repair, garage
$3.1M
+169.9%
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Surprise submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Surprise submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$2,175,000
6.5%
$2,010,000
7%
$1,865,000
Alternative Use
Use
Estimation
RETAIL STORES
$4,495,000
Change: +288% · Conversion: Moderate
RESTAURANT
$4,350,000
Change: +275% · Conversion: Moderate
AUTO REPAIR, GARAGE
$3,130,000
Change: +170% · Conversion: Difficult
Blend value · Realmo final
$3.14M
Range $2.82M – $3.45M · ±10% · vs last sale $3.85M (Jan 29 2021)
Last sale anchor
$3.85M
Jan 29 2021
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$445 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$13,115
Tax year 2023
Assessed value
$183,167
Assessed 2024
Previous assessed
$172,414
+6.2% YoY
Effective rate
7.16%
On assessed value
Land market value
$386,400
Improvement market value
$723,700
Total market value
$1,110,100
Applied tax rate
890,000.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Office buildings
Use group
OFFICE BUILDING
Status
For Sale
Year built
2000
Construction
STEEL FRAME
Heating
PACKAGE
Cooling
YES
Stories
1
Total area
7,052 SF
Lot
0.62 ac (26,893 SF)
Zoning code
C-2
APN
200-13-018M
UPID
US07-0105527
Jurisdiction
MARICOPA
Zoning & alternative use
C-2 · Surprise, AZ
Zoning C-2 · permitted uses
C-2 · Surprise, AZ
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Surprise. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
RETAIL STORES
Est. value
$4.5M
RESTAURANT
Est. value
$4.4M
AUTO REPAIR, GARAGE
Est. value
$3.1M
RETAIL STORES
RESTAURANT
AUTO REPAIR, GARAGE
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
2000
Construction
STEEL FRAME
Heating
PACKAGE
Cooling
Yes
Stories
1
Lot
0.62 ac
Current owner
From public records · entity-resolved
Nirfas Investments LLC
Entity
Mailing address
7227 E BASELINE RD STE #104, MESA, AZ 85209-5005
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 26, 2024
—
Nirfas Investments LLC
Nirfas Investments LLC
Deed
related
—
Jan 29, 2021
$3,850,000
Nirfas Investments LLC
Walker Bell Rd LLC
Special Warranty Deed
$2,695,000 · Desert Financial Cu
Aug 14, 2019
—
Walker Bell Rd LLC
—
Deed
related
$1,900,287 · Meadows Bk
Apr 11, 2019
$2,450,000
Walker Bell Rd LLC
Wtb 5 Enterprises LLC
Special Warranty Deed
$1,837,500 · Meadows Bank
Apr 11, 2019
—
Walker Bell Rd LLC
—
Deed
related
$1,837,500 · Meadows Bank
Oct 19, 2016
—
Wtb 5 Ents LLC
Bassil Tatiana Living Trust
Grant Deed
related
$2,015,000 · Sustainable Income LLC
Mar 21, 2013
—
Wtb Enterprises LLC
Tatiana Bassil
Warranty Deed
—
Feb 7, 2006
$1,525,000
Bassil Tatiana Trust
Windsor Citrus LLC
Grant Deed
—
—
—
Walker Bell Rd LLC
—
Loan Modification
related
$1,900,287 · Meadows Bk
—
—
Wtb 5 Ents LLC
—
Deed Of Trust
related
$2,015,000 · Sustainable Income LLC
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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