Back to Search
Property profile & analytics
OFF-MARKET
Estimated value
$1,310,000
Retail space
1501 Bell Rd Phoenix, AZ 85023-3411
Entity Owned
7-yr Hold
~
Est. High Equity
Property ID
US07-2116355
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1965
Construction
STEEL FRAME
Total area
2,400 SF
Lot
158.78 ac (6,916,491 SF)
Zoning code
S-1
APN
208-13-956
UPID
US07-2116355
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
-
Arizona Thoroughbred Breeders Charitable Organization Social Service Agency
-
Turf Paradise Racecourse
-
Unibet Sportsbook at Turf Paradise Betting Agency
-
First Data Professional Services
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.32M
Blend (final)
Blend
$1.31M
Owner & transaction history
Sscw Bell Rd & 16th Ave LLC · 7 yrs held
Sscw Bell Rd & 16th Ave LLC
since 2019
4 recorded transactions
Zoning & alternative use
S-1 · Phoenix, AZ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
The purpose of S-1 zone is to provide for very low density farm or residential uses to protect and preserve low density areas in their present or desired character
Zone name
Ranch Or Farm Residence
General category
RESIDENTIAL
Zone area
55,708.09 ac
Source
Realmo
Top alternative use upside
Commercial (general)
$1.7M
+133.7%
Auto repair, garage
$1.0M
+41.8%
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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$1,670,000
Change: +134% · Conversion: Easy
AUTO REPAIR, GARAGE
$1,015,000
Change: +42% · Conversion: Difficult
Blend value · Realmo final
$1.31M
Range $1.18M – $1.44M · ±10%
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
$546 / 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
$352,779
Tax year 2023
Assessed value
$5,572,318
Assessed 2024
Previous assessed
$5,877,220
-5.2% YoY
Effective rate
6.33%
On assessed value
Land market value
$25,832,100
Improvement market value
$8,009,976
Total market value
$33,842,076
Applied tax rate
61,300.0000
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
1965
Construction
STEEL FRAME
Heating
SPACE
Cooling
EVAPORATIVE
Buildings
50
Stories
1
Units
11
Total area
2,400 SF
Lot
158.78 ac (6,916,491 SF)
Zoning code
S-1
APN
208-13-956
UPID
US07-2116355
Jurisdiction
MARICOPA
Zoning & alternative use
S-1 · Phoenix, AZZoning S-1 · permitted uses
S-1 · Phoenix, AZ
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
The purpose of S-1 zone is to provide for very low density farm or residential uses to protect and preserve low density areas in their present or desired character
Zone name
Ranch Or Farm Residence
General category
RESIDENTIAL
Zone area
55,708.09 ac
Source
Realmo
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL)
Est. value
$1.7M
AUTO REPAIR, GARAGE
Est. value
$1.0M
COMMERCIAL (GENERAL)
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
1965
Construction
STEEL FRAME
Heating
SPACE
Cooling
Yes
Stories
1
Buildings
50
Units
11
Lot
158.78 ac
Current owner
From public records · entity-resolved
Sscw Bell Rd & 16th Ave LLC
Entity
Mailing address
1501 W BELL RD, PHOENIX, AZ 85023-3411
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2019
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 23, 2019
$5,350,000
Sscw Bell Rd & 16th Ave LLC
Obcw 1625 W Bell Road LLC
Grant Deed
$4,140,000 · Bmo Harris Bk NA
Mar 12, 2018
$1,400,000
Obcw 1625 W Bell Road LLC
Ug Phoenix Bell Az LP
Grant Deed
$2,215,743 · Foothills Bk
Jun 30, 2005
$6,576,055
Sams West INC
Tp Racing Lllp
Grant Deed
—
—
—
Obcw 1625 W Bell Road LLC
—
Deed Of Trust
related
$1,588,000 · Business Dev Fin
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
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 1501 Bell Rd?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
