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Property profile & analytics
OFF-MARKET
Estimated value
$4,170,000
Grocery and convenience stores
1209 Bell Rd Phoenix, AZ 85022-2707
Entity Owned
Free & Clear
Property ID
US07-0173104
Property profile
Verified
Property type
Grocery and convenience stores
Use group
GROCERY, SUPERMARKET
Year built
2004
Construction
CONCRETE
Total area
14,188 SF
Lot
2.34 ac (101,741 SF)
Zoning code
C-1
APN
214-15-131
UPID
US07-0173104
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
Current use
Occupant on record · Public records
-
Desigaadi Food Truck Restaurant Take-out & Catering
-
Turmeric Indian Cash and Carry Grocery & Convenience Store Food Market
-
Primo Water Refill & Exchange Big Box & Wholesale Store
-
VASTRALOC LLC (Indian Dresses / Ethnic wear) Clothing & Fashion Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$3.98M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$4.40M
Blend (final)
Blend
$4.17M
Owner & transaction history
Vantage Property Group LLC
Vantage Property Group LLC
since 2025
Last sale
$2.7M
7 recorded transactions
Zoning & alternative use
C-1 · Phoenix, AZ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$6.0M
+41.8%
Office building
$4.3M
+0.7%
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 Phoenix submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Phoenix 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
$3,975,000
ML approach
$3,975,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RETAIL STORES
$4,230,000
Current use
AUTO REPAIR, GARAGE
$5,995,000
Change: +42% · Conversion: Difficult
OFFICE BUILDING
$4,260,000
Change: +1% · Conversion: Easy
MEDICAL BUILDING
$3,765,000
Change: -11% · Conversion: Difficult
WAREHOUSE, STORAGE
$3,680,000
Change: -13% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$3,610,000
Change: -15% · Conversion: Moderate
Blend value · Realmo final
$4.17M
Range $3.75M – $4.59M · ±10% · vs last sale $2.70M (Dec 12 2025)
Last sale anchor
$2.70M
Dec 12 2025
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
$294 / 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
$46,927
Tax year 2023
Assessed value
$461,745
Assessed 2024
Previous assessed
$467,534
-1.2% YoY
Effective rate
10.16%
On assessed value
Land market value
$985,500
Improvement market value
$1,812,957
Total market value
$2,798,457
Applied tax rate
691,300.0000
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
Grocery and convenience stores
Use group
GROCERY, SUPERMARKET
Status
Off-Market
Year built
2004
Construction
CONCRETE
Heating
PACKAGE
Cooling
YES
Stories
1
Total area
14,188 SF
Lot
2.34 ac (101,741 SF)
Zoning code
C-1
APN
214-15-131
UPID
US07-0173104
Jurisdiction
MARICOPA
Zoning & alternative use
C-1 · Phoenix, AZ
Zoning C-1 · permitted uses
C-1 · Phoenix, AZ
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Phoenix. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
RETAIL STORES Current
Est. value
$4.2M
AUTO REPAIR, GARAGE
Est. value
$6.0M
OFFICE BUILDING
Est. value
$4.3M
MEDICAL BUILDING
Est. value
$3.8M
WAREHOUSE, STORAGE
Est. value
$3.7M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$3.6M
RETAIL STORES Current
AUTO REPAIR, GARAGE
OFFICE BUILDING
MEDICAL BUILDING
WAREHOUSE, STORAGE
NEIGHBORHOOD: SHOPPING CENTER
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
2004
Construction
CONCRETE
Heating
PACKAGE
Cooling
Yes
Stories
1
Lot
2.34 ac
Current owner
From public records · entity-resolved
Vantage Property Group LLC
Entity
Free & Clear · 0 yrs held
Mailing address
1604 W PELICAN CT, CHANDLER, AZ 85286-5139
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 10, 2026
—
Vantage Property Group LLC
—
Deed
related
$2,000,000
Dec 12, 2025
$2,700,000
Vantage Property Group LLC
Turmeric LLC
Warranty Deed
—
Aug 26, 2025
—
Turmeric LLC
Turmeric Building LLC
Warranty Deed
—
Dec 30, 2024
—
Turmeric Building LLC
Turmeric LLC
Deed
related
—
Jan 17, 2023
$3,975,000
Turmeric LLC
Kdc Properties LLC
Special Warranty Deed
$2,700,000 · Agrafa Ventures LLC
Nov 14, 2022
—
Kdc Properties LLC
Elaine T Donovan
Correction Deed
related
—
Jul 7, 2022
—
Kdc Properties LLC
Elaine T Donovan
Special Warranty Deed
—
May 14, 2004
$4,200,000
Arizona Property Trust
12 Street & Bell LLC
Warranty Deed
$3,000,000 · Amalgamated Bank Chicago
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.
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