Property profile

1601 E Bell Rd Phoenix, AZ 85022

FOR LEASE
Strip malls
Property ID
US07-0830388
10,200 SF 3.31 ac lot Built 1987
Individually Owned 30-yr Hold ~ Est. High Equity
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Property summary

AI-generated overview

Plaza 16, a thriving retail strip center in the East Phoenix Ret submarket of Maricopa County, offers a fantastic leasing opportunity. This multi-tenant property boasts a total of 36,392 square feet of retail space. Currently, there is 3,000 square feet of immediately available space, perfect for a variety of retail businesses seeking high visibility and foot traffic. The property is easily accessible and situated in a dynamic commercial area, ensuring strong potential for customer engagement. The building itself does not include elevators. The property's design and location make it an ideal choice for businesses looking to establish or expand their presence in a bustling East Phoenix market. This is a rare opportunity to secure prime retail space in a well-established center with a proven track record. The available space offers significant potential for growth and success. Interested parties are encouraged to inquire promptly to secure this exceptional leasing opportunity. The property is classified as a retail strip center with multiple tenancies. The high-traffic location and ample space make this an attractive investment for businesses seeking a strong presence in the East Phoenix market. Don't miss out on this chance to secure your ideal retail space.

Property profile

Verified
Property type Strip malls
Use group SHOPPING CENTER, STRIP CENTER
Year built 1987
Construction CONCRETE
Total area 10,200 SF
Lot 3.31 ac (144,213 SF)
Zoning code C-2
APN 214-21-120D
UPID US07-0830388

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Alternative Medicine Practice
  • Marketing & Advertising (Bike/Boat/Book/etc) Store
  • Daycare Center
  • Insurance Agency
  • Alternative Medicine Practice Spa & Massage Center

Location

1601 E Bell Rd Phoenix, AZ 85022
Phoenix metro Census 103606 PHOENIX-MESA-SCOTTSDALE, AZ METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$4.69M
Blend (final) Blend
$4.44M

Owner & transaction history

since 1996
7 recorded transactions
1996
$1.6M
1996
Price N/A
1992
$800,000
1992
Price N/A
1992
$640,000
1991
$640,000
1991
Price N/A

Zoning & alternative use

C-2 · Phoenix, AZ
Zoning description

The purpose C-2 zone is to provide commercial uses of medium intensity designed to be compatible with each other and to provide for a wide range of types of commercial activity within the district

General category COMMERCIAL
Top alternative use upside
Commercial (general) $7.1M +173.6%
Restaurant $5.4M +109.8%
Auto repair, garage $4.3M +66.0%

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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