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Property profile & analytics
OFF-MARKET
Estimated value
$1,205,000
Warehouses
3624 Bell Rd Phoenix, AZ 85032-2179
Entity Owned
9-yr Hold
~
Est. High Equity
Property ID
US07-0114117
Property summary
AI-generated overview
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.
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
2002
Construction
STEEL FRAME
Total area
5,000 SF
Lot
0.94 ac (40,923 SF)
Zoning code
C-2
APN
214-01-885
UPID
US07-0114117
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
-
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$2.19M
Blend (final)
Blend
$1.21M
Owner & transaction history
Property Bell 51 LLC · 9 yrs held
Property Bell 51 LLC
since 2016
7 recorded transactions
Zoning & alternative use
C-2 · Phoenix, AZ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
The purpose C-2 zone is to provide commercial uses of medium intensity designed to be compatible with each other and to provide for a wide range of types of commercial activity within the district
Zone name
Intermediate Commercial
General category
COMMERCIAL
Zone area
13,095.06 ac
Source
Realmo
Top alternative use upside
Commercial (general)
$3.5M
+168.3%
Restaurant
$2.7M
+105.8%
Auto repair, garage
$2.1M
+62.8%
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
COMMERCIAL (GENERAL)
$3,480,000
Change: +168% · Conversion: Difficult
RESTAURANT
$2,670,000
Change: +106% · Conversion: Difficult
AUTO REPAIR, GARAGE
$2,115,000
Change: +63% · Conversion: Easy
OFFICE BUILDING
$1,510,000
Change: +17% · Conversion: Difficult
RETAIL STORES
$1,405,000
Change: +8% · Conversion: Moderate
MEDICAL BUILDING
$1,325,000
Change: +2% · Conversion: Difficult
Blend value · Realmo final
$1.21M
Range $1.08M – $1.33M · ±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
$241 / 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 2022Property tax & assessments
Tax year 2022
Tax billed
$11,786
Tax year 2022
Assessed value
$252,455
Assessed 2024
Previous assessed
$236,912
+6.6% YoY
Effective rate
4.67%
On assessed value
Land market value
$1,174,500
Improvement market value
$355,528
Total market value
$1,530,028
Applied tax rate
691,300.0000
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
Warehouses
Use group
WAREHOUSE, STORAGE
Status
Off-Market
Year built
2002
Construction
STEEL FRAME
Heating
HEAT PUMP
Stories
1
Total area
5,000 SF
Lot
0.94 ac (40,923 SF)
Zoning code
C-2
APN
214-01-885
UPID
US07-0114117
Jurisdiction
MARICOPA
Zoning & alternative use
C-2 · Phoenix, AZZoning 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
Zoning description
The purpose C-2 zone is to provide commercial uses of medium intensity designed to be compatible with each other and to provide for a wide range of types of commercial activity within the district
Zone name
Intermediate Commercial
General category
COMMERCIAL
Zone area
13,095.06 ac
Source
Realmo
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL)
Est. value
$3.5M
RESTAURANT
Est. value
$2.7M
AUTO REPAIR, GARAGE
Est. value
$2.1M
OFFICE BUILDING
Est. value
$1.5M
RETAIL STORES
Est. value
$1.4M
MEDICAL BUILDING
Est. value
$1.3M
COMMERCIAL (GENERAL)
RESTAURANT
AUTO REPAIR, GARAGE
OFFICE BUILDING
RETAIL STORES
MEDICAL BUILDING
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
2002
Construction
STEEL FRAME
Heating
HEAT PUMP
Stories
1
Lot
0.94 ac
Current owner
From public records · entity-resolved
Property Bell 51 LLC
Entity
Mailing address
19321 N 36TH WAY, PHOENIX, AZ 85050
Ownership since
2016
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 31, 2016
$1,150,000
Property Bell 51 LLC
Az Bell Rd LLC
Grant Deed
$1,427,200 · Bank Of The West
Feb 1, 2012
$450,000
Az Bell Rd LLC
Celtic Bk Corp
Grant Deed
—
Sep 21, 2011
$482,000
Celtic Bk Corp
Williams,craig K
Trustees Deed
related
—
Aug 19, 2010
—
Bell Oil LLC
—
Deed Of Trust
related
$2,000,000 · Compass Bank
Sep 29, 2006
$1,250,000
Egi Land Co LLC
Dustin R Sweeny
Warranty Deed
$1,490,400 · First National Bank Of Arizona
Sep 17, 2001
$600,000
Dustin R Sweeny
Allan Fingerhut Family LP
Grant Deed
$700,000 · Compass Bank
Nov 17, 1997
$173,474
Allan Fingerhut Family L P
Suntree Minnesota L P
Grant Deed
—
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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