You're browsing as guest. Top-line numbers are free. Full reports — owner contacts, refine, methodology — are paid. Guest mode. Top-line is free.
Back to Search
Property profile & analytics
FOR LEASE
Medical Office Space

3815 E Bell Rd Phoenix, AZ 85032

127,252 SF 0.89 ac lot Built 2006
Entity Owned 1-yr Hold Free & Clear
Property ID
US07-2141144
Property summary
AI-generated overview

This exceptional Class A medical office building, Physicians Medical Plaza of Scottsdale, presents a unique investment opportunity in the thriving Phoenix market. Located at 3815 E Bell Rd, Phoenix, AZ 85032 (near 40th Street), this single, four-story building boasts a total of 122,063 square feet, currently offering 36,459 square feet of vacant space. Built in 2006, the property features a convenient onsite parking garage. The building is categorized as a multi-tenant property, with seven available spaces ranging from 1,354 to 12,149 square feet, ideal for a variety of medical practices. Its prime location in Maricopa County ensures high visibility and accessibility for patients and staff. The building's proximity to a short-term acute care hospital providing specialized healthcare services, including orthopedics, rehabilitation, diagnostic imaging, urology, and gynecology, further enhances its appeal. This hospital is an accredited Chest Pain Center and offers Da Vinci Robotic Surgery, attracting a large network of over 600 affiliated physicians and generating over $349 million in gross patient revenue. This presents a compelling opportunity to establish or expand a medical practice within a well-established and high-demand medical corridor. The property's strong fundamentals and strategic location make it an attractive investment for discerning buyers seeking a high-quality medical office asset in a rapidly growing market.

Property profile
Verified
Property type Medical Office Space
Use group MEDICAL BUILDING
Year built 2006
Construction STEEL FRAME
Total area 127,252 SF
Lot 0.89 ac (38,723 SF)
Zoning code C-2
APN 214-33-152B
UPID US07-2141144
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
  • Aspire Clinical Studies Research Institute Medical Center
  • Dr. Donald L. Lamm, MD Physician Medical Clinic
  • Anaszi Internal Medicine Research Medical Clinic
  • Arizona Digestive Health: Phoenix - 40th St/Bell Physician
  • Lory E. Baraz, MD Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$38.84M
Blend (final) Blend
$37.14M
Owner & transaction history
Vpu Paradise Valley II LLC · 1 yrs held
Vpu Paradise Valley II LLC
since 2024
Last sale
$36.0M
3 recorded transactions
2024
$36.0M
2008
Price N/A
2007
Price N/A
Zoning & alternative use
C-2 · Phoenix, AZ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage $53.8M +59.2%
Office building $38.5M +13.9%
Retail stores $35.7M +5.8%
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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