Property profile

1606 E Bell Rd Phoenix, AZ 85022

FOR LEASE
Strip malls
Property ID
US07-3377301
9,900 SF 3.82 ac lot Built 1985
Individually Owned 4-yr Hold ~ Est. High Equity
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Property summary

AI-generated overview

This exceptional retail investment opportunity is located in a thriving Phoenix, Arizona strip center at 1606 E Bell Rd, 85022. The property, known as Tierra Del Sol, boasts a total of 43,622 square feet of leasable retail space, spread across multiple units. Currently, five individual spaces are available, ranging in size from 1,228 square feet to 2,920 square feet, offering flexibility for a variety of retail businesses. The center is conveniently situated off Bell Road, providing excellent visibility and accessibility for customers. Ample parking is available with 150 spaces to accommodate both tenants and shoppers. The property is located in Maricopa County, Arizona, benefiting from a strong local economy and a dense population base. This presents a compelling investment opportunity for those seeking a well-located, established retail center with immediate income potential and significant upside. The property's size and layout offer potential for expansion or redevelopment, further enhancing its long-term value. The multiple tenancy structure provides diversification and resilience, mitigating risk and ensuring a stable income stream. This is a rare chance to acquire a prime retail asset in a high-demand area of Phoenix.

Property profile

Verified
Property type Strip malls
Use group SHOPPING CENTER, STRIP CENTER
Year built 1985
Construction CONCRETE
Total area 9,900 SF
Lot 3.82 ac (166,313 SF)
Zoning code C-2
APN 214-09-026B
UPID US07-3377301

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
  • Pet Adoption Service Animal Shelter
  • Clothing & Fashion Store
  • Restaurant
  • Marketing & Advertising Printing Service

Location

1606 E Bell Rd Phoenix, AZ 85022
Phoenix metro Census 619400 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
$2.27M
Comparable Approach Comparable
by Request
Blend (final) Blend
$1.19M

Owner & transaction history

since 2022
Last sale
$1.3M
7 recorded transactions
2022
$1.3M
2017
$4.3M
2014
$4.3M
2006
Price N/A
2005
$4.8M
2001
Price N/A
1994
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
Office building $3.0M +17.9%
Retail stores $3.0M +17.1%
Medical building $2.6M +4.3%

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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