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Property profile & analytics
FOR LEASE
Medical Office Space
3033 W Bell Rd Phoenix, AZ 85053
Entity Owned
7-yr Hold
Free & Clear
Property ID
US07-0946573
For Lease
1 / 2
$17 SF/Yr
3033 W Bell Rd, Phoenix, AZ 85053
View Listing →
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
1988
Construction
CONCRETE
Total area
7,853 SF
Lot
1.15 ac (49,900 SF)
Zoning code
C-O
APN
207-39-538B
UPID
US07-0946573
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
-
Arizona Sports & Spine Physicians Medical Clinic
-
Dr. Paragi R. Shah, DO Physician
-
Dr. Charles R Clinch DO Physician
-
Timbadia Ela MD Physician
-
MBI Bell Road & I17 Occupational Health Service Medical Clinic
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$3.10M
Blend (final)
Blend
$3.07M
Owner & transaction history
Paragon Properties Group LLC · 7 yrs held
Paragon Properties Group LLC
since 2018
7 recorded transactions
Zoning & alternative use
C-O · Phoenix, AZ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$4.2M
+101.2%
Auto repair, garage
$3.3M
+59.2%
Office building
$2.4M
+13.1%
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
MEDICAL BUILDING
$2,085,000
Current use
RESTAURANT
$4,195,000
Change: +101% · Conversion: Difficult
AUTO REPAIR, GARAGE
$3,320,000
Change: +59% · Conversion: Difficult
OFFICE BUILDING
$2,355,000
Change: +13% · Conversion: Easy
RETAIL STORES
$2,340,000
Change: +12% · Conversion: Difficult
WAREHOUSE, STORAGE
$2,040,000
Change: -2% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$2,000,000
Change: -4% · Conversion: Difficult
Blend value · Realmo final
$3.07M
Range $2.76M – $3.38M · ±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
$391 / 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
$34,469
Tax year 2023
Assessed value
$402,359
Assessed 2024
Previous assessed
$347,837
+15.7% YoY
Effective rate
8.57%
On assessed value
Land market value
$928,500
Improvement market value
$1,510,040
Total market value
$2,438,540
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
Medical Office Space
Use group
MEDICAL BUILDING
Status
For Lease
Year built
1988
Construction
CONCRETE
Heating
HEAT PUMP
Buildings
2
Stories
1
Units
2
Total area
7,853 SF
Lot
1.15 ac (49,900 SF)
Zoning code
C-O
APN
207-39-538B
UPID
US07-0946573
Jurisdiction
MARICOPA
Zoning & alternative use
C-O · Phoenix, AZ
Zoning C-O · permitted uses
C-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
MEDICAL BUILDING Current
Est. value
$2.1M
RESTAURANT
Est. value
$4.2M
AUTO REPAIR, GARAGE
Est. value
$3.3M
OFFICE BUILDING
Est. value
$2.4M
RETAIL STORES
Est. value
$2.3M
WAREHOUSE, STORAGE
Est. value
$2.0M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$2.0M
MEDICAL BUILDING Current
RESTAURANT
AUTO REPAIR, GARAGE
OFFICE BUILDING
RETAIL STORES
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
1988
Construction
CONCRETE
Heating
HEAT PUMP
Stories
1
Buildings
2
Units
2
Lot
1.15 ac
Current owner
From public records · entity-resolved
Paragon Properties Group LLC
Entity
Free & Clear · 7 yrs held
Mailing address
12339 DENHOLM DR, EL MONTE, CA 91732-3613
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
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 6, 2018
—
Paragon Properties Group LLC
Mbc Trust
Grant Deed
—
Aug 10, 2015
$1,200,000
3033 West Bell LLC
Bell Road LLC
Grant Deed
—
Aug 10, 2015
—
Bell Road LLC
Berman,susan M
Warranty Deed
related
—
Apr 8, 2009
—
Bell Road LLC
Berman Howard Trust
Warranty Deed
—
May 23, 2006
—
Berman Howard Trust
Berman,howard
Quit Claim Deed
related
—
Nov 22, 1996
$1,000,000
Howard Berman
Berkshire Insurance Co
Grant Deed
—
Jan 24, 1995
$850,000
Berkshire Life Insurance Company
Bell L P
Trustees Deed
—
—
—
Ronald Gawlitta
—
Deed Of Trust
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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