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Property profile & analytics
OFF-MARKET
Office Spaces
15331 Bell Rd Surprise, AZ 85374-4102
Entity Owned
Absentee Owner
Free & Clear
Property ID
US07-2262037
Property profile
Verified
Property type
Office Spaces
Use group
CONDOMINIUM OFFICES
Year built
2009
Construction
STEEL FRAME
Total area
48,996 SF
Lot
3.14 ac (136,843 SF)
Zoning code
PAD
APN
509-12-869
UPID
US07-2262037
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
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Sql Surprise Property LLC
Sql Surprise Property LLC
since 2025
Last sale
$601,470
7 recorded transactions
Zoning & alternative use
PAD · Surprise, AZ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
(PAD) zoning district prior to the adoption of this ordinance . The PAD zoning designation now serves only to preserve the governing entitlement documents adopted by city council for each PAD at the time of the adoption of this ordinance. Existing PADs may have individual development standards, land uses , and densities that supersede the zoning standards co…
Zone name
Planned Area Development
General category
PLANNED_DEVELOPMENT
Zone area
42,500.99 ac
Source
municipal code
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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
Assessed value
$83
Assessed 2024
Previous assessed
$83
+0.0% YoY
Land market value
$500
Total market value
$500
Applied tax rate
891,503.0000
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 Spaces
Use group
CONDOMINIUM OFFICES
Status
Off-Market
Year built
2009
Construction
STEEL FRAME
Heating
PACKAGE
Cooling
YES
Stories
3
Total area
48,996 SF
Lot
3.14 ac (136,843 SF)
Zoning code
PAD
APN
509-12-869
UPID
US07-2262037
Jurisdiction
MARICOPA
Zoning & alternative use
PAD · Surprise, AZZoning PAD · permitted uses
PAD · Surprise, AZ
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
(PAD) zoning district prior to the adoption of this ordinance . The PAD zoning designation now serves only to preserve the governing entitlement documents adopted by city council for each PAD at the time of the adoption of this ordinance. Existing PADs may have individual development standards, land uses , and densities that supersede the zoning standards contained within this ordinance . Any zoning standard contained within this ordinance shall apply that is not explicitly identified in a PAD. General references to zoning district s within previous city zoning codes shall follow the conversion chart listed in Table 106-1b of this chapter. D. Standards and regulations such as, but not limited to, lot size, building height , residential densities , and setbacks herein, assure compatibility of properties within a district; protect the quality of the environment from nuisances associated with certain uses or constructions; and provide adequate open space for privacy, light, air, connectivity, and green space. ( Ord. No. 2024-03 , § 1(Exh. A), 3-5-24)
Zone name
Planned Area Development
General category
PLANNED_DEVELOPMENT
Zone area
42,500.99 ac
Source
municipal code
Building & site characteristics
From public records
Year built
2009
Construction
STEEL FRAME
Heating
PACKAGE
Cooling
Yes
Stories
3
Lot
3.14 ac
Current owner
From public records · entity-resolved
Sql Surprise Property LLC
Entity
Free & Clear · 0 yrs held
Mailing address
16368 N 164TH LN UNIT #706, SURPRISE, AZ 85388-1115
Mailing matches property
Different — outreach signal
Owner-occupied
No
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
44 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 10, 2025
—
Sql Surprise Property LLC
Asleen Property LLC
Special Warranty Deed
—
Aug 21, 2025
—
Maline LLC
Elodia M Williams Revocable Living
Warranty Deed
—
Aug 5, 2025
—
Liquid Crystal 11 Limited Partnersh
Liquid Crystal Properties LLC
Special Warranty Deed
$400,000 · Bmo Bank NA
Jun 26, 2025
—
Alicja Davis
Stephen Davis
Deed
related
—
May 1, 2025
$750,000
Elodia M Williams
Frederick A Soued
Warranty Deed
$743,000 · Frederick Soued
Jan 28, 2025
—
Artemio Perez
Artemio Perez
Deed
related
—
Sep 20, 2024
—
Joshua Adam Wade
Joshua Adam Wade
Intrafamily Transfer
related
—
May 3, 2024
—
Stat Delivery Service INC
—
Deed
related
$395,800 · Umb Bank NA
Apr 4, 2024
$575,000
M5 Group LLC
Wja Holdings LLP
Special Warranty Deed
$460,000 · Midfirst Bank
Mar 4, 2024
$580,000
C&c Surprise LLC
P & R Surprise LLC
Special Warranty Deed
$380,000 · Midfirst Bank
Jun 15, 2023
$2,400,000
Sandstone Realty LLC
Jensen Management LLC
Special Warranty Deed
$2,160,000 · Umb Bank NA
Mar 18, 2022
—
Sebree Holdings LLC
—
Deed
related
$414,576 · Bank Of America NA
Jan 5, 2022
$274,066
Arlen Woffinden
Shane Bennett
Special Warranty Deed
—
Oct 8, 2021
—
Tcnpc Office LLC
—
Deed
related
$900,000 · Zb NA
Aug 11, 2021
$1,183,000
Gregory L Strausbaugh
Asleen Property LLC
Special Warranty Deed
$304,000 · Mountain West Bank
Aug 11, 2021
$583,110
Glendale Aaai Investments LLC
Pathfinder Trf Eleven LLC
Special Warranty Deed
$760,000 · Wells Fargo Bank NA
Jul 30, 2021
$375,000
Ih6 Property Phoeniz LP
James Ibeling Universal Beneficiary
Warranty Deed
—
Mar 3, 2021
$248,325
Stat Delivery Service INC
Pathfinder Trf Eleven LLC
Special Warranty Deed
$340,000 · Sunflower Bank NA
Feb 19, 2021
—
Frederick A Soued
Frederick A Soued
Deed
related
—
Feb 12, 2021
$274,762
Pennington Investments LLC
Pathfinder Trf Eleven LLC
Special Warranty Deed
—
Feb 12, 2021
—
Pennington Investments LLC
—
Deed
related
$430,000 · America First FCU
Jan 25, 2021
—
Eks Surprise LLC
Eks Surprise LLC
Deed
related
$406,000 · Arizona Bank & Trust
Jan 20, 2021
—
Tcnpc Offices LLC
—
Deed
related
$900,000 · Gyder Thomas Family Trust (pt)
Dec 30, 2020
$252,161
Ej Holdings 15331 W Bell Road 320 L
Pathfinder Trf Eleven LLC
Special Warranty Deed
$275,000 · Midfirst Bank
Dec 30, 2020
$750,000
Jensen Management LLC
Love Shack Properties LLC
Special Warranty Deed
$620,000 · Western Alliance Bank
Sep 2, 2020
$225,900
Pennington Investments LLC
Pathfinder Trf Eleven LLC
Special Warranty Deed
$404,000 · America First FCU
Aug 10, 2020
$308,740
Azprosuites LLC
Pathfinder Trf Eleven LLC
Special Warranty Deed
$318,750 · Midfirst Bank
Jun 22, 2020
$303,360
Gph Holdings LLC
Pathfinder Trf Eleven LLC
Grant Deed
—
Jun 5, 2020
$1,382,892
Tcnpc Offices LLC
Pathfinder Trf Eleven LLC
Grant Deed
—
Aug 28, 2019
—
P & R Surprise LLC
—
Deed
related
$296,000 · Ks Statebank
Jul 1, 2019
—
Elizabeth Risley
—
Deed
related
$141,500 · Moria Development INC
May 28, 2019
—
Frederick A Soued
Fred Distribution INC
Quitclaim Deed
—
Apr 19, 2019
$231,900
P & R Surprise LLC
Pathfinder Trf Eleven LLC
Grant Deed
$296,000 · Ks Statebank
Feb 7, 2019
$247,335
Frederick A Soued
Pathfinder Trf Eleven LLC
Grant Deed
—
Nov 30, 2018
$284,400
Morris Hall Properties III LLC
Pathfinder Trf Eleven LLC
Special Warranty Deed
$420,000 · Wells Fargo Bank NA
Sep 28, 2018
$494,250
Sebree Holdings LLC
Pathfinder Trf Eleven LLC
Grant Deed
$428,000 · Live Oak Bkg
Sep 4, 2018
$601,470
Love Shack Properties LLC
Pathfinder Trf Eleven LLC
Grant Deed
$608,000 · Western Alliance Bk
Aug 20, 2018
$560,000
Abc Group Enterprises LLC
Pathfinder Trf Eleven LLC
Special Warranty Deed
$420,000 · Mountain America FCU
Jun 26, 2018
$1,115,300
Asleen Property LLC
Pathfinder Trf Eleven LLC
Grant Deed
—
May 15, 2018
$706,300
Liquid Crystal Properties LLC
Pathfinder Trf Eleven LLC
Grant Deed
$650,000 · First Citizens Bk
Apr 25, 2018
$790,000
Jensen Management LLC
Pathfinder Trf Eleven LLC
Grant Deed
$760,000 · Bank Of America
Apr 20, 2018
$1,130,325
Asleen Property LLC
Pathfinder Trf Eleven LLC
Grant Deed
—
Mar 1, 2018
$365,000
Wja Holdings LLP
Pathfinder Trf Eleven LLC
Grant Deed
related
—
May 29, 2013
$2,100,000
Pathfinder Trf Eleven LLC
Bell Road Plaza Building D
Grant Deed
—
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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