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Property profile & analytics
OFF-MARKET
Estimated value
$11,585,000
Schools
2949 Bell Rd Phoenix, AZ 85053-3081
Entity Owned
8-yr Hold
~
Est. High Equity
Property ID
US07-1543538
Property profile
Verified
Property type
Schools
Use group
COLLEGE, UNIVERSITY, VOC SCHOOL
Year built
1984
Construction
CONCRETE
Total area
32,700 SF
Lot
1.05 ac (45,782 SF)
Zoning code
C-2
APN
207-39-003T
UPID
US07-1543538
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
Current use
Occupant on record · Public records
-
Kingz Barber Shop
-
Phoenix Car Loan Center Loan Service
-
Farmers Insurance - Heidi Cummings Insurance Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$11.98M
Blend (final)
Blend
$11.59M
Owner & transaction history
Bsd Partners LLC · 8 yrs held
Bsd Partners LLC
since 2018
5 recorded transactions
Zoning & alternative use
C-2 · Phoenix, AZ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$17.5M
+85.7%
Auto repair, garage
$13.8M
+46.9%
Office building
$9.8M
+4.4%
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
COLLEGE, UNIVERSITY, VOCATIONAL SCHOOL - PRIVATE
$9,405,000
Current use
RESTAURANT
$17,460,000
Change: +86% · Conversion: Difficult
AUTO REPAIR, GARAGE
$13,815,000
Change: +47% · Conversion: Difficult
OFFICE BUILDING
$9,815,000
Change: +4% · Conversion: Difficult
RETAIL STORES
$9,745,000
Change: +4% · Conversion: Difficult
MEDICAL BUILDING
$8,680,000
Change: -8% · Conversion: Difficult
WAREHOUSE, STORAGE
$8,485,000
Change: -10% · Conversion: Difficult
Blend value · Realmo final
$11.59M
Range $10.43M – $12.74M · ±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
$354 / 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
$87,563
Tax year 2023
Assessed value
$1,088,159
Assessed 2024
Previous assessed
$945,863
+15.0% YoY
Effective rate
8.05%
On assessed value
Land market value
$622,700
Improvement market value
$5,972,200
Total market value
$6,594,900
Applied tax rate
61,300.0000
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
Schools
Use group
COLLEGE, UNIVERSITY, VOC SCHOOL
Status
Off-Market
Year built
1984
Construction
CONCRETE
Heating
PACKAGE
Cooling
YES
Stories
1
Total area
32,700 SF
Lot
1.05 ac (45,782 SF)
Zoning code
C-2
APN
207-39-003T
UPID
US07-1543538
Jurisdiction
MARICOPA
Zoning & alternative use
C-2 · Phoenix, AZ
Zoning C-2 · permitted uses
C-2 · 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
COLLEGE, UNIVERSITY, VOCATIONAL SCHOOL - PRIVATE Current
Est. value
$9.4M
RESTAURANT
Est. value
$17.5M
AUTO REPAIR, GARAGE
Est. value
$13.8M
OFFICE BUILDING
Est. value
$9.8M
RETAIL STORES
Est. value
$9.7M
MEDICAL BUILDING
Est. value
$8.7M
WAREHOUSE, STORAGE
Est. value
$8.5M
COLLEGE, UNIVERSITY, VOCATIONAL SCHOOL - PRIVATE Current
RESTAURANT
AUTO REPAIR, GARAGE
OFFICE BUILDING
RETAIL STORES
MEDICAL BUILDING
WAREHOUSE, STORAGE
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
1984
Construction
CONCRETE
Heating
PACKAGE
Cooling
Yes
Stories
1
Lot
1.05 ac
Current owner
From public records · entity-resolved
Bsd Partners LLC
Entity
Mailing address
8165 E INDIAN BND RD STE #103, SCOTTSDALE, AZ 85250-4829
Ownership since
2018
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 29, 2023
—
Bsd Partners LLC
—
Deed
related
$420,000 · Chicago Title Insurance Co
Jun 27, 2018
$7,600,000
Bsd Partners LLC
29 Bell LLC
Grant Deed
—
Aug 23, 2005
—
29 Bell LLC
29 Bell LLC
Quit Claim Deed
related
—
—
—
29 Bell LLC
—
Deed Of Trust
related
$4,050,000 · Woodmen Of World Life Insuranc
—
—
29 Bell LLC
—
Deed Of Trust
related
$4,800,000 · Key Bank & Trust
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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