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702 E Bell Rd Phoenix, AZ 85022

Office buildings Google Maps
33,715 SF 4.88 ac lot Built 1986
Entity Owned ~ Est. High Equity
Estimated value (blended)
$9.63M
Range $8.67M – $10.59M (±10%)
Property ID US07-2124648

Property summary

AI-generated overview

LeCota Office Park, a premier Phoenix, Arizona medical office complex, offers exceptional leasing opportunities. This two-building property, totaling 84,900 square feet, boasts a Class B designation and was constructed in 1985. Located at 702 E Bell Rd, Phoenix, AZ 85022 (Maricopa County, Deer Valley/Airport submarket), the park enjoys a highly desirable location between HonorHealth Deer Valley Medical Center and Abrazo Scottsdale Campus. The property features single-story buildings with ample parking (4.5 spaces per 1,000 square feet), ensuring convenient access for staff and visitors. Currently, five spaces are available, ranging from 998 to 2,030 square feet. The property is zoned C-2, Phoenix. Leasing rates are competitive, with office spaces at $27.00 per square foot and medical/dental suites at $29.50 per square foot. Tenants benefit from high visibility due to monument signage on 7th Street and Bell Road. On-site amenities include a Starbucks, adding to the convenience and appeal of this exceptional location. The property's APN is 214-13-001M. This is a full-service lease opportunity in a thriving medical corridor.

Property profile

Verified
Property type Office buildings
Use group OFFICE BUILDING
Year built 1986
Construction CONCRETE
Total area 33,715 SF
Lot 4.88 ac (212,605 SF)
Zoning code C-2
APN 214-13-001M
UPID US07-2124648

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
  • Dental Office
  • Dental Office
  • Medical Clinic
  • Dental Office

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$17.14M
Blend (final) Blend
$9.63M

Owner & transaction history

since 2025
Last sale
$14.8M
7 recorded transactions
2025
$14.8M
2018
Price N/A
2017
$9.7M
2011
$5.5M
2011
$5.5M
2006
$14.4M
2006
$13.1M

Zoning & alternative use

C-2 · Phoenix, AZ
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

General category COMMERCIAL
Top alternative use upside
Commercial (general) $23.5M +132.1%
Restaurant $18.0M +78.0%
Auto repair, garage $14.2M +40.8%

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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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
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