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Property profile & analytics
OFF-MARKET
Estimated value
$2,155,000
Office buildings
12455 Bell Rd Surprise, AZ 85378-9799
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US07-2331829
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1998
Construction
CONCRETE
Total area
10,310 SF
Lot
0.96 ac (41,641 SF)
Zoning code
SHD-CO
APN
501-81-097F
UPID
US07-2331829
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
$2.94M
Comparable Approach
Comparable
$2.56M
Blend (final)
Blend
$2.16M
Owner & transaction history
Monheit Frisch LLC · 4 yrs held
Monheit Frisch LLC
since 2022
Last sale
$1.6M
4 recorded transactions
Zoning & alternative use
SHD-CO · Surprise, AZ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
nt Ordinance (LDO) Zoning Districts Symbol District Name RR Residential rural R-1 Residential low density R-2 Residential medium density R-3 Residential high density SHD-RO Surprise heritage district-Residential overlay SHD-CO Surprise heritage district-Commercial overlay TND-R Traditional neighborhood development-Residential TND-C Traditional neighborhood d…
Zone name
Surprise Heritage District Commercial Overlay
General category
MIXED_USE
Zone area
293.12 ac
Source
municipal code
Top alternative use upside
Medical building
$2.7M
+59.4%
Neighborhood: shopping center
$2.7M
+58.0%
Industrial (general)
$2.4M
+39.6%
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
$1,755,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$3,180,000
6.5%
$2,935,000
7%
$2,725,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$1,695,000
Current use
MEDICAL BUILDING
$2,705,000
Change: +59% · Conversion: Easy
NEIGHBORHOOD: SHOPPING CENTER
$2,680,000
Change: +58% · Conversion: Difficult
INDUSTRIAL (GENERAL)
$2,365,000
Change: +40% · Conversion: Difficult
Blend value · Realmo final
$2.16M
Range $1.94M – $2.37M · ±10% · vs last sale $1.56M (Jan 31 2022)
Last sale anchor
$1.56M
Jan 31 2022
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
$209 / 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
$19,110
Tax year 2023
Assessed value
$224,365
Assessed 2024
Previous assessed
$260,865
-14.0% YoY
Effective rate
8.52%
On assessed value
Land market value
$449,800
Improvement market value
$909,991
Total market value
$1,359,791
Applied tax rate
891,500.0000
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
Off-Market
Year built
1998
Construction
CONCRETE
Heating
PACKAGE
Cooling
YES
Stories
1
Total area
10,310 SF
Lot
0.96 ac (41,641 SF)
Zoning code
SHD-CO
APN
501-81-097F
UPID
US07-2331829
Jurisdiction
MARICOPA
Zoning & alternative use
SHD-CO · Surprise, AZZoning SHD-CO · permitted uses
SHD-CO · Surprise, AZ
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
nt Ordinance (LDO) Zoning Districts Symbol District Name RR Residential rural R-1 Residential low density R-2 Residential medium density R-3 Residential high density SHD-RO Surprise heritage district-Residential overlay SHD-CO Surprise heritage district-Commercial overlay TND-R Traditional neighborhood development-Residential TND-C Traditional neighborhood development-Commercial TND-MU Traditional neighborhood development-Mixed use TND-OS Tra
Zone name
Surprise Heritage District Commercial Overlay
General category
MIXED_USE
Zone area
293.12 ac
Source
municipal code
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING Current
Est. value
$1.7M
MEDICAL BUILDING
Est. value
$2.7M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$2.7M
INDUSTRIAL (GENERAL)
Est. value
$2.4M
OFFICE BUILDING Current
MEDICAL BUILDING
NEIGHBORHOOD: SHOPPING CENTER
INDUSTRIAL (GENERAL)
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
1998
Construction
CONCRETE
Heating
PACKAGE
Cooling
Yes
Stories
1
Lot
0.96 ac
Current owner
From public records · entity-resolved
Monheit Frisch LLC
Entity
Mailing address
21932 N 79TH WAY, SCOTTSDALE, AZ 85255-4006
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 31, 2022
—
Monheit Frisch LLC
Monheit Frisch LLC
Intrafamily Transfer
related
$2,104,000 · Bell Bank
Nov 17, 2014
$1,559,300
12455 West Bell Road LLC
D W Bell LLC
Warranty Deed
$1,280,000 · Compass Bank
Nov 17, 2014
—
Dw Bell LLC
Dw Bell LLC
Quit Claim Deed
related
—
—
—
12455 West Bell Road LLC
—
Deed Of Trust
related
$2,000,000 · Compass Bk
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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