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Property profile & analytics
FOR SALE
Office buildings
1675 E Bell Rd Phoenix, AZ 85022
Entity Owned
3-yr Hold
Free & Clear
Property ID
US07-0631993
For Sale
1 / 2
$1,200,000
1675 E Bell Rd, Phoenix, AZ 85022
View Listing →
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
2009
Construction
CONCRETE
Total area
7,658 SF
Lot
0.6 ac (26,314 SF)
Zoning code
R-O
APN
214-21-123
UPID
US07-0631993
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
$1.56M
Blend (final)
Blend
$1.55M
Owner & transaction history
Bell Road LLC · 3 yrs held
Bell Road LLC
since 2022
7 recorded transactions
Zoning & alternative use
R-O · Phoenix, AZ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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
OFFICE BUILDING
$2,300,000
Current use
RETAIL STORES
$2,280,000
Change: -1% · Conversion: Moderate
MEDICAL BUILDING
$2,035,000
Change: -12% · Conversion: Easy
WAREHOUSE, STORAGE
$1,990,000
Change: -14% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$1,950,000
Change: -15% · Conversion: Difficult
Blend value · Realmo final
$1.55M
Range $1.39M – $1.70M · ±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
$202 / 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
$9,061
Tax year 2023
Assessed value
$146,854
Assessed 2024
Previous assessed
$122,315
+20.1% YoY
Effective rate
6.17%
On assessed value
Land market value
$298,400
Improvement market value
$591,622
Total market value
$890,022
Applied tax rate
691,300.0000
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
Office buildings
Use group
OFFICE BUILDING
Status
For Sale
Year built
2009
Construction
CONCRETE
Heating
PACKAGE
Cooling
YES
Buildings
2
Stories
1
Units
2
Total area
7,658 SF
Lot
0.6 ac (26,314 SF)
Zoning code
R-O
APN
214-21-123
UPID
US07-0631993
Jurisdiction
MARICOPA
Zoning & alternative use
R-O · Phoenix, AZ
Zoning R-O · permitted uses
R-O · Phoenix, AZ
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Phoenix. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING Current
Est. value
$2.3M
RETAIL STORES
Est. value
$2.3M
MEDICAL BUILDING
Est. value
$2.0M
WAREHOUSE, STORAGE
Est. value
$2.0M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$2.0M
OFFICE BUILDING Current
RETAIL STORES
MEDICAL BUILDING
WAREHOUSE, STORAGE
NEIGHBORHOOD: SHOPPING CENTER
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
2009
Construction
CONCRETE
Heating
PACKAGE
Cooling
Yes
Stories
1
Buildings
2
Units
2
Lot
0.6 ac
Current owner
From public records · entity-resolved
Bell Road LLC
Entity
Free & Clear · 3 yrs held
Mailing address
1628 E TONOPAH DR, PHOENIX, AZ 85024-4324
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
11 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 11, 2022
—
Bell Road LLC
A & M Truck And Trailer Repair LLC
Special Warranty Deed
—
Sep 17, 2021
$875,000
A & M Truck And Trailer Repair LLC
Aa & Sons Investments LLC
Special Warranty Deed
$700,000 · First Citizens Bank & Trust Co
Mar 26, 2020
—
Aa & Sons Investment LLC
Varona Investments LLC
Warranty Deed
—
Jun 16, 2016
—
Varona Investments LLC
Alatorre,arturo
Warranty Deed
—
Nov 3, 2015
$350,000
Ana Valdez
Landmarc Capital Ptrs LLC
Grant Deed
$80,000 · Vanoak Cap
Nov 3, 2015
—
Arturo Alatorre
Valdez,ana
Quit Claim Deed
related
—
Oct 17, 2013
—
Landmarc Cap Ptrs LLC
Gubin Family Trust
Quit Claim Deed
related
—
Nov 16, 2012
$1,684
Landmarc Cap Ptrs LLC
Ldm Acceptance Co Pp Of Trust
Quit Claim Deed
—
Oct 28, 2010
—
Landmarc Cap & Inv Co
Lazy E LLC
Quit Claim Deed
related
—
Jan 29, 2010
$1,584,386
Landmarc Capital & Invs Co
Cal-western Reconveyance
Trustees Deed
related
—
Jul 15, 2008
—
Cbi Developers INC
Owner Name Unavailable
Grant Deed
related
—
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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