302 Bell Rd Phoenix, AZ 85022-2396
Retail space
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Individually Owned
39-yr Hold
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For Lease
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302 Bell Rd, Phoenix, AZ 85022-2396
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Estimated value (blended)
$2.12M
Range $1.90M – $2.33M (±10%)
Property ID
US07-1193539
Property summary
AI-generated overview
This exceptional retail opportunity is located at 302 East Bell Road in Phoenix, Arizona, within Maricopa County. The property is a 4,035 square foot shopping center currently offering a single, entirely vacant space for lease. The entire building is available for immediate occupancy, presenting a unique chance for a single tenant to establish a significant presence in a high-traffic area. The address, 302 East Bell Road, places the property at a strategic intersection near 3rd Street, ensuring high visibility and accessibility for customers. The property type is classified as retail, making it ideal for a variety of businesses. The building's size provides ample space for a large-scale operation or the potential for subdivision into smaller units (subject to approval). This location in Phoenix, Arizona, 85022, offers excellent access to major transportation routes and a strong customer base. The property's entire 4,035 square feet is currently vacant, providing a blank canvas for a new tenant to customize the space to their exact specifications. This presents a rare opportunity to secure a substantial retail presence in a desirable Phoenix location. Interested parties are encouraged to inquire further to explore the possibilities of this prime retail space.
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1991
Construction
STEEL FRAME
Total area
7,180 SF
Lot
0.53 ac (23,217 SF)
Zoning code
C-C
APN
208-11-003Q
UPID
US07-1193539
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
-
Physician
-
Ophthalmologist (Bike/Boat/Book/etc) Store
-
Furniture & Home Goods
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$2.13M
Blend (final)
Blend
$2.12M
Owner & transaction history
since 1987
1 recorded transaction
Zoning & alternative use
C-C · Phoenix, AZ
Top alternative use upside
Auto repair, garage
$3.0M
+41.8%
Office building
$2.2M
+0.7%
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
Value estimation
Instant AI valuation built from comps, income signals, and proprietary benchmarks. A defensible range, not a single guess.
17% off on annual
Unlock the complete Valuation workflow
Full NOI reconstruction, selected comps, alternative-use scenarios, data audit and PDF export.
All 8 comparables with addresses
6 alternative uses screened
Sensitivity value band
Source audit · 10 inputs
PDF export
Analytics Standard · 5 reports
from $99/month
from $99/month
Summary
1
Valuation conclusion
Included free
Estimated market value
$2.12M
Value range
$1.90M – $2.33M
±10% around blend
Estimated value / SF
$295 / SF
Confidence
High
8 county-verified comps
Property data
88
Market benchmarks
67
Comparable evidence
80
$1.90M
blend $2.12M
$2.33M
Market-derived valuation under stabilized market assumptions. Desktop analysis. No physical inspection performed.
2
Subject property
Included free
GBA
7,180 SF
Lot area
0.53 ac
Year built
1991
Stories
1
APN
208-11-003Q
Assessed value
$223,926
Annual tax
$16,448
3
Income approach: direct capitalization
Partial preview
Not enough income data on file for a CAP-approach estimation.
4
Sales comparison
Partial preview
Sales approach indication
$2.15M
Weighted, 8 comps · high confidence
Evidence
8 found · 6 selected
County-verified recorded sales
Comparable
Sale dateSale price$ / SF
2.1 mi away · 6,912 SF
3.2 mi away · 8,896 SF
9.5 mi away · 5,865 SF
13.5 mi away · 8,320 SF
13.6 mi away · 7,510 SF
5
Sensitivity & risk
Partial preview
Downside
−10%
Base
$2.12M
Upside
+10%
Bounds of the ±10% band vs the blend — never simulated scenarios.
6
Current market position
Included free
Benchmark
Observed band ($/SF)AverageSubject delta
Submarket 373 sales
$298
-1%
County 968 sales
$336
-12%
Band = middle half (Q1–Q3) of recorded sale $/SF for this use type per geography; the diamond marks the subject at $295/SF. Delta below average reads as headroom. Source: Realmo CRE sales derivatives (county records).
7
Alternative use screening
Partial preview
Top alternative use
Auto Repair, Garage
Gross theoretical uplift
+42%
vs current-use indication
Office Building
Retail Stores · current use
Medical Building
Warehouse, Storage
Values shown before conversion costs, entitlement costs, capital expenditures and stabilization risk.
8
Data & methodology
Included free
Building area
County record
Property tax
County record
Assessed value
County record
Zoning designation
Not available
Operating expenses
Not available
Market rent
Not available
Actual rent roll
Not available
Tenant leases
Not available
Physical condition
Not inspected
Conversion costs
Not available
Not analyzed due to unavailable source data: tenant leases, physical condition and capital
requirements were not available for this desktop analysis. Cost Approach excluded due to
availability of income evidence.
Automated valuation analysis, not a licensed appraisal. Figures are derived from public
records and proprietary models. Desktop analysis: no physical inspection, tenant leases or reported
property income. Verify with a licensed appraiser before transacting.
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
17% off on annual
Unlock the complete Cap Rate workflow
Full market tables, editable assumptions, comparable evidence, saved work and exports.
9-scenario matrix
Comparable evidence · 8 sales
Market rates by use type
PDF export
Analytics Standard · 5 reports
from $99/month
from $99/month
Overview
No cap rate is computable for this property yet: no recorded sale, income signal or market-rate row for its use type.
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Test a cap rate
Implied value$224k
Move the market yield to see immediate price impact.
Value / SF
$31
Vs. selected
Base
Derivation
NOI ÷ cap
Arithmetic over the derived NOI * — not market scenario modeling.
NOI × cap matrix
Preview
Preview of 9 modeled outcomes.
NOI
5.00%7.00%9.00%
$14k
$282k
$202k
$157k
$16k
$314k
$224k
$174k
$17k
$345k
$246k
$192k
NOI sensitivity ±10% across the 5 / 7 / 9% anchors — derivation of the NOI above.
Comparable evidence
Partial preview
Recorded sales nearby
8 found
High confidence · county-verified
Closest comparable
$2.80M
1.9 mi · Apr 2026 · $310/SF
Property tax & assessments
Tax year 2022Property tax & assessments
Tax year 2022
Tax billed
$16,448
Tax year 2022
Assessed value
$223,926
Assessed 2024
Previous assessed
$160,174
+39.8% YoY
Effective rate
7.35%
On assessed value
Land market value
$657,300
Improvement market value
$699,829
Total market value
$1,357,129
Applied tax rate
691,300.0000
Automated cap rate analysis. Based on public records, market benchmarks and proprietary
models. Verify with a licensed professional before transacting.
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
For Lease
Year built
1991
Construction
STEEL FRAME
Heating
PACKAGE
Cooling
YES
Stories
1
Total area
7,180 SF
Lot
0.53 ac (23,217 SF)
Zoning code
C-C
APN
208-11-003Q
UPID
US07-1193539
Jurisdiction
MARICOPA
Zoning & alternative use
C-C · Phoenix, AZZoning C-C · permitted uses
C-C · Phoenix, AZ
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Alternative use value scenarios
Repositioning upside vs current use
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Building & site characteristics
From public records
Year built
1991
Construction
STEEL FRAME
Heating
PACKAGE
Cooling
Yes
Stories
1
Lot
0.53 ac
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
County-recorded code
C-C
Jurisdiction
Phoenix, AZ
Recorded code
C-C
Zoning Insight
What can be built and operated here — officially.
The district profile from the municipal source: what is on file for C-C in Phoenix, AZ.
What opens after registration
Zoning profile
2 official documentsVerified municipal sources with file download
Match provenanceAssignment basis, match tier and confidence
Private report access
See the official zoning profile for this address.
Registration is required before the official district profile is shown.
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Ownership Intelligence
Find the owner behind the property.
Unlock the evidence behind ownership: portfolio, transactions, debt and signals that help you decide who to contact next.
What opens after registration
Ownership report
Owner identityResolved entity and name variants
Portfolio holdingsLinked properties and estimated value
Deal signalsSell-side activity worth following
Debt & historyRecorded loans and transaction history
Private report access
See the ownership record for this address.
Registration is required before any owner information is shown.
One complete report on every paid plan · 5 · 30 · 100 reports per month.
Owner of record and activity signals are derived from public records and modeled classifications.
They do not confirm beneficial ownership or intent to transact.
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