7445 Bell Rd, Peoria, AZ 85382-4831
- Strip malls
- 16,416 SF
- 0.74 lot acres
Current Use by Public Records
- Village Medical / Medical Clinic
- Robert West, MD / Medical Clinic
- Doctor's Office / Medical Clinic
- Russian / Hair Salon
Property Details for 7445 Bell Rd
- Year built
- 1999
- Construction
- CONCRETE
- Lot size
- 0.74 lot acres
- Zone code
- C-2
- Property type
- Strip malls
- Property subtype
- Shopping centers
- APN
- 200-52-970
- APU
- 20052970
Sales History
| Date | Price | Buyer | Seller | Deed Type | Mortgage |
|---|---|---|---|---|---|
| Dec 30, 2024 | $4,800,000 | 7445 W Bell Rd LLC | Avalon Arrowhead LLC | Special Warranty Deed | $3.1M · Mountain America FCU |
| Jul 24, 2024 | — | Avalon Arrowhead LLC | — | Deed · related | $10k · Foothill Holdings LLC |
| Dec 6, 2021 | $3,200,000 | Avalon Arrowhead LLC | Kent Arthur Nelson | Special Warranty Deed | $4.2M · Radar Capital Partners LLC |
| Nov 24, 2021 | — | Kent Arthur Nelson | Jacob D Mitzkus | Special Warranty Deed | — |
| Oct 12, 2020 | $160,000 | Kent A Nelson | James D Mitzkus | Quit Claim Deed · related | — |
| Oct 12, 2020 | $120,000 | Kent A Nelson | Jacqulene M Walkowiak | Quit Claim Deed · related | — |
| Oct 1, 2020 | — | Kent A Nelson | 75th & Bell LLC | Quit Claim Deed · related | — |
| Sep 26, 2005 | — | 75th & Bell LLC | Mitzkus,james D | Grant Deed | — |
| Aug 4, 2000 | $1,850,000 | James D Mitzkus | Oliphant Trust | Grant Deed | — |
| Aug 2, 2000 | — | Mcmahon Trust | Truststar LLC | Quit Claim Deed · related | — |
Description
This exceptional investment opportunity presents a 8,094 square foot medical office building in Peoria, Arizona, boasting a 7.15% cap rate and a strong 9-year remaining lease term (expiring 11/30/2033) with Village Medical, a reputable national healthcare provider. The property, built in 1999 and renovated in 2023, features 15 exam rooms and sits on a 0.74-acre lot in a prime location along the busy Bell Road retail corridor, directly across from Arrowhead Towne Center, Arizona's highest-volume regional mall. The NNN lease includes a corporate guarantee and built-in rent increases of 10% every five years, providing significant long-term value. With a Net Operating Income (NOI) of $356,136 and 100% occupancy, this asset offers a secure and attractive return. The property benefits from excellent visibility and accessibility, with over 69,000 cars passing daily at the intersection of Bell Road and 75th Avenue. The Peoria trade area, within a five-mile radius, has a population of 313,090 residents. This is a rare opportunity to acquire a high-quality, net-leased medical office building in a thriving market.
Value Estimations
-
AI approach
- Method
- Estimation
- Statistic approach
- $4,800,000
- ML approach
- $4,800,000
-
CAP approach
- CAP Return
- Estimation
- 6%
- $4,350,000
- 6.5%
- $4,015,000
- 7%
- $3,730,000
-
Comparable approach
- Method
- Estimation
- Statistic Estimate
- $5,981,000
- AI Estimate
- $4,370,000
Market price range: $2.69M - $13.4MMarket price range: $1.28M - $8.50M -
Alternative Use
- Use
- Estimation
- NEIGHBORHOOD: SHOPPING CENTER
- $6,260,000 Current use
- AUTO REPAIR, GARAGE
- $6,760,000 Change: +8% Conversion: Difficult
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Peoria
- County
- Maricopa
- State
- Arizona
- Longitude
- -112.219
- Latitude
- 33.6376
- CBSA code
- 38060
- CBSA name
- PHOENIX-MESA-SCOTTSDALE, AZ METROPOLITAN STATISTICAL AREA
