Add Listing
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    3624 E Bell Rd Phoenix, AZ 85032

    • Warehouses
    • 5,000 SF
    • 0.94 lot acres
    For Lease
    View listing
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US07-0114117
    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.

    Current Use by Public Records

    • Thurston Personal Training / Gym & Fitness Center
    • Movement Stretch Studio / Physician
    • Movement Academy / Training Center / Tutoring Service
    • Grow And Profit / Advertising Agency / Marketing & Advertising
    • Dr. David Haaslo / Dental Office

    Property Details for 3624 E Bell Rd

    Year built
    2002
    Construction
    STEEL FRAME
    Lot size
    0.94 lot acres
    Property size
    5,000 SF
    Zone code
    C-2
    Property type
    Warehouses
    APN
    214-01-885
    APU
    21401885

    Description

    This exceptional 900-square-foot retail space is located within the vibrant Fit District at 3624 E Bell Rd, Phoenix, AZ 85032. Situated on a substantial 40,923-square-foot lot, this property is part of a larger 4,928-square-foot retail building constructed in 2002. The space is currently configured as a smoothie shop, offering a turnkey opportunity for a similar business or a creative tenant looking for a ready-made layout. Ideal uses align with the Fit District's health-conscious atmosphere, such as smoothie/boba tea shops, yoga/Pilates studios, or other fitness- or outdoor-related businesses. The property is zoned C-2, Phoenix, allowing for a variety of commercial uses. The monthly lease rate is $1,900, which includes electricity, representing a significant value proposition for prospective tenants. This location offers excellent visibility and accessibility, making it an attractive option for businesses seeking a thriving and established commercial environment in North Scottsdale. The available space presents a unique chance to establish or expand a business within a dynamic and well-regarded retail center.

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $2,187,000
      Market price range: $677k - $2.19M
      AI Estimate
      $2,143,000
      Market price range: $637k - $2.14M

    • Alternative Use

      Use
      Estimation
      COMMERCIAL (GENERAL)
      $3,480,000
      RESTAURANT
      $2,670,000
      AUTO REPAIR, GARAGE
      $2,115,000
      OFFICE BUILDING
      $1,510,000
      RETAIL STORES
      $1,405,000
      MEDICAL BUILDING
      $1,325,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Phoenix
    County
    Maricopa
    State
    Arizona
    Longitude
    -112.004
    Latitude
    33.6411
    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
    2022
    $11,786
    $0.00
    $0.00
    $252,455
    -
    $1,174,500
    $355,528
    $1,530,028

    Comparable in this City

    • Value Estimation
      $12,125,000
      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
      View Details
    • 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
      $3,745,000
      8,640 SF

      3770 Bell Rd

      MINI-WAREHOUSE, STORAGE • 8,640 SF
      3770 Bell Rd, Phoenix, AZ 85032-2124
      View Details
    • Value Estimation
      $11,540,000
      32,868 SF

      15801 32nd St

      WAREHOUSE, STORAGE • 32,868 SF
      15801 32nd St, Phoenix, AZ 85032-0803
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      6,113 SF

      Phoenix Warehouse For Sale

      Value-add industrial site, fully leased through 2028.
      3113 E Bell Rd, Phoenix, AZ 85032
      View Details
    • $589,000

      Phoenix Multifamily Property For Sale

      Four-unit property with long-term tenants and income potential in Phoenix.
      2644 E Paradise Ln, Phoenix, AZ 85032
      View Details
    • New
      $1,033,000
      1.11 Acres

      Phoenix Land with Mountain Views

      Elevated lot in gated community with unobstructed city and mountain views.
      2703 E Friess Dr, Phoenix, AZ 85032
      View Details
    • Contact for pricing
      2,304 SF

      Standalone Retail Building For Rent

      2,304 SF standalone building with strong visibility available for rent.
      17648 N 32Nd St, Phoenix, AZ 85032
      View Details
    • $850,000
      1.07 Acres

      Phoenix Horse Property Opportunity

      1.06-acre horse property in Phoenix, ready for development.
      15621 N 37Th St, Phoenix, AZ 85032
      View Details
    • $489,000
      0.85 Acres

      Phoenix Land Development Opportunity

      Expansive parcel zoned for multi-family use in Phoenix, Arizona.
      2827 - A B C, Phoenix, AZ 85032
      View Details

    Similar Nearby for Lease

    • $16 SF/Yr
      7,156 SF

      Phoenix Creative Office Space

      7,156 SF Available, Prime Location
      13832 32Nd St, Phoenix, AZ 85032
      View Details
    • Contact for pricing
      104,525 SF

      Paradise Valley Medical Office Space

      Class A medical office building, prime location.
      3805 Bell Rd, Phoenix, AZ 85032
      View Details
    • Contact for pricing
      11,605 SF

      Greenway Park Plaza Retail Space

      Phoenix retail space, ideal for various businesses.
      3342 Greenway Rd, Phoenix, AZ 85032
      View Details
    • Contact for pricing
      21,470 SF

      Phoenix Retail Space Available

      Retail property in Phoenix, Arizona, with high-traffic location.
      3501 W Bell Rd, Phoenix, AZ 85032
      View Details
    • Contact for pricing
      2,990 SF

      Retail Space Near Fry's Grocery

      Retail space available near major traffic and ASU campus.
      3401-3409 W Thunderbird Rd, Phoenix, AZ 85032
      View Details
    • Contact for pricing
      1,050 SF

      Retail Space For Lease

      Retail space available for lease at 12625 N Tatum Blvd.
      12625 N Tatum Blvd, Phoenix, AZ 85032
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    3624 E Bell Rd
    Phoenix, AZ 85032
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!