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    2841 E Bell Rd Phoenix, AZ 85032
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    Property profile & analytics

    2841 E Bell Rd Phoenix, AZ 85032

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    • Warehouses
    • 1,725 SF
    • 0.32 lot acres
    For Sale
    $1,190,000
    View Listing →
    Mixed-Use Property on Bell Road For Sale
    $1,190,000
    517 SF

    Mixed-Use Property on Bell Road

    Mixed-use property with office and retail space for lease.

    2841 E Bell Rd, Phoenix, AZ
    View Listing
    Property ID
    US07-0914264
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • New Era Applied Dental Science / Dental Office
    • Bell Rd Psychic / Spiritual Center
    • Kharisma Esthetics / Hair Salon / Nail Salon
    • Agency / Travel Agency
    • Picture Perfect Gallery / (Bike/Boat/Book/etc) Store / Home Decor Store

    Property Details for 2841 E Bell Rd

    Year built
    1982
    Construction
    STEEL FRAME
    Lot size
    0.32 lot acres
    Property size
    1,725 SF
    Zone code
    C-2
    Property type
    Warehouses
    APN
    214-30-013R
    APU
    21430013R

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $985,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $754,000
      Market price range: $234k - $755k
      AI Estimate
      $739,000
      Market price range: $220k - $740k

    • Alternative Use

      Use
      Estimation
      COMMERCIAL (GENERAL)
      $1,200,000
      AUTO REPAIR, GARAGE
      $730,000

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Phoenix
    County
    Maricopa
    State
    Arizona
    Longitude
    -112.02
    Latitude
    33.6402
    CBSA code
    38060
    CBSA name
    PHOENIX-MESA-SCOTTSDALE, AZ METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $9,818
    $0.00
    $0.00
    $110,240
    -
    $160,100
    $508,018
    $668,118

    Comparable in this City

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      52,670 SF

      2721 Greenway Pkwy

      MINI-WAREHOUSE, STORAGE • 52,670 SF
      2721 Greenway Pkwy, Phoenix, AZ 85032-3699
      View Details
    • Value Estimation by Request
      198,318 SF

      16220 32nd St

      MINI-WAREHOUSE, STORAGE • 198,318 SF
      16220 32nd St, Phoenix, AZ 85032-3101
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    • Value Estimation by Request
      103,863 SF

      16045 Cave Crk Rd

      MINI-WAREHOUSE, STORAGE • 103,863 SF
      16045 Cave Crk Rd, Phoenix, AZ 85032-3943
      View Details
    • Value Estimation by Request
      12,000 SF

      2801 Bell Rd

      WAREHOUSE, STORAGE • 12,000 SF
      2801 Bell Rd, Phoenix, AZ 85032-1916
      View Details
    • Value Estimation
      $1,950,000
      4,500 SF

      3043 Bell Rd

      MINI-WAREHOUSE, STORAGE • 4,500 SF
      3043 Bell Rd, Phoenix, AZ 85032-1920
      View Details
    • Value Estimation
      $1,460,000
      5,000 SF

      15439 Cave Crk Rd

      WAREHOUSE, STORAGE • 5,000 SF
      15439 Cave Crk Rd, Phoenix, AZ 85032-3618
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      6,113 SF

      Phoenix Warehouse For Sale

      Value-add industrial site, fully leased through 2028.
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      5,976 SF

      Freestanding Retail Property on Corner Lot

      Highly visible retail property near retail, entertainment, and hospitality amenities.
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    • $595,000
      2,400 SF

      Free-Standing Retail Building For Sale

      2,400 SF retail building in high-traffic area.
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    • New
      $625,000

      North Phoenix Fourplex Investment Opportunity

      Fourplex in North Phoenix with modern layouts and great rents.
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      1,516 SF

      Phoenix Office Space For Sale

      Office property in Phoenix, near retail and medical facilities.
      15255 N 40Th St, Phoenix, AZ 85032
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      77,505 SF

      Office Building at Paradise Valley

      Office building under construction, part of a $2B redevelopment.
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    Similar Nearby for Lease

    • Contact for pricing
      24,000 SF

      Phoenix Warehouse Space Available

      24,000 sqft warehouse space for lease in Phoenix.
      12841 N Tatum Blvd, Phoenix, AZ 85032
      View Details
    • $17 SF/Yr
      41,979 SF

      Phoenix Medical Office Plaza

      Prime Phoenix medical suites available
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      Strip Center SR-51 Greenway

      Strip center located off SR-51 at Greenway Road.
      Northeast 32Nd St, Phoenix, AZ 85032
      View Details
    • Contact for pricing

      Retail Space Available For Lease

      Retail spaces available for lease at Tatum Boulevard & Bell.
      Swc Tatum Blvd & Bell Rd, Phoenix, AZ 85032
      View Details
    • Contact for pricing

      Retail Space at 40th & Bell

      Retail space available at 40th St & Bell Rd, Phoenix.
      40th St & Bell Rd, Phoenix, AZ 85032
      View Details
    • Contact for pricing

      Bell Road Pad Opportunities

      Pad sites available in front of Harkins Theatre on Bell Road.
      3420 E Bell Rd, Phoenix, AZ 85032
      View Details
    View Listing
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    Phoenix, AZ 85032
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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