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Property profile & analytics
OFF-MARKET
Estimated value
$5,235,000
Strip malls
16846 Bell Rd Surprise, AZ 85374-3052
Trust Owned
Free & Clear
Property ID
US07-1123438
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
2004
Construction
CONCRETE
Total area
20,558 SF
Lot
2.92 ac (127,065 SF)
Zoning code
CC
APN
232-39-969
UPID
US07-1123438
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
$5.33M
Comparable Approach
Comparable
$5.25M
Blend (final)
Blend
$5.24M
Owner & transaction history
Diane Sewell Landry Trust
Diane Sewell Landry Trust
since 2026
Last sale
$5.2M
6 recorded transactions
Zoning & alternative use
CC · Surprise, AZ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$8.0M
+49.2%
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
Method
Estimation
Statistic approach
$3,375,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$5,765,000
6.5%
$5,325,000
7%
$4,945,000
Alternative Use
Use
Estimation
NEIGHBORHOOD: SHOPPING CENTER
$5,345,000
Current use
MEDICAL BUILDING
$7,970,000
Change: +49% · Conversion: Difficult
INDUSTRIAL (GENERAL)
$4,720,000
Change: -12% · Conversion: Difficult
Blend value · Realmo final
$5.24M
Range $4.71M – $5.76M · ±10% · vs last sale $5.18M (Dec 17 2021)
Last sale anchor
$5.18M
Dec 17 2021
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
$255 / 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
$49,176
Tax year 2023
Assessed value
$739,233
Assessed 2024
Previous assessed
$830,042
-10.9% YoY
Effective rate
6.65%
On assessed value
Land market value
$1,345,800
Improvement market value
$3,134,400
Total market value
$4,480,200
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
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Status
Off-Market
Year built
2004
Construction
CONCRETE
Heating
PACKAGE
Cooling
YES
Stories
1
Total area
20,558 SF
Lot
2.92 ac (127,065 SF)
Zoning code
CC
APN
232-39-969
UPID
US07-1123438
Jurisdiction
MARICOPA
Zoning & alternative use
CC · Surprise, AZ
Zoning CC · permitted uses
CC · Surprise, AZ
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Surprise. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
NEIGHBORHOOD: SHOPPING CENTER Current
Est. value
$5.3M
MEDICAL BUILDING
Est. value
$8.0M
INDUSTRIAL (GENERAL)
Est. value
$4.7M
NEIGHBORHOOD: SHOPPING CENTER Current
MEDICAL BUILDING
INDUSTRIAL (GENERAL)
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
2004
Construction
CONCRETE
Heating
PACKAGE
Cooling
Yes
Stories
1
Lot
2.92 ac
Current owner
From public records · entity-resolved
Diane Sewell Landry Trust
Trust
Free & Clear · 0 yrs held
Mailing address
12208 OAKSHORE DR, WESTLAKE VILLAGE, CA 91361
Ownership since
2026
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 3, 2026
—
Diane Sewell Landry Trust
Diane Sewell Landry Trust
Deed
related
—
Dec 17, 2021
—
James Joseph Landry
James Joseph Landry
Intrafamily Transfer
related
—
Jan 21, 2020
$5,182,000
Landry,phillip T & Don Trust
Triumph Bell West Acquisit
Grant Deed
—
Apr 28, 2017
—
Triumph Bell West Acquisition LP
—
Deed
related
$3,000,000 · Republicbankaz NA
Aug 15, 2016
$3,985,000
Triumph Bell West Acquisiti
Pwreo Bell & 303 LLC
Grant Deed
$2,590,250 · Pwreo Bell & 303 LLC
Aug 10, 2012
$4,340,000
Pwreo Bell & 303 LLC
Bell West Ranch Shops LLC
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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