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Property profile & analytics
OFF-MARKET Estimated value $4,800,000
Strip malls

7445 Bell Rd Peoria, AZ 85382-4831

16,416 SF 0.74 ac lot Built 1999
Entity Owned 1-yr Hold ~ Est. High Equity
Property ID
US07-0347869
Property summary
AI-generated overview

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.

Property profile
Verified
Property type Strip malls
Use group SHOPPING CENTER, STRIP CENTER
Year built 1999
Construction CONCRETE
Total area 16,416 SF
Lot 0.74 ac (32,104 SF)
Zoning code C-2
APN 200-52-970
UPID US07-0347869
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
  • Village Medical Medical Clinic
  • Robert West, MD Medical Clinic
  • Doctor's Office Medical Clinic
  • Russian Hair Salon
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
$4.80M
CAP Approach CAP
$4.02M
Comparable Approach Comparable
$5.98M
Blend (final) Blend
$4.80M
Owner & transaction history
7445 W Bell Rd LLC · 1 yrs held
7445 W Bell Rd LLC
since 2024
Last sale
$4.8M
7 recorded transactions
2024
$4.8M
2024
Price N/A
2021
$3.2M
2021
Price N/A
2020
$160,000
2020
$120,000
2020
Price N/A
Zoning & alternative use
C-2 · Peoria, AZ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description

Intermediate Commercial District (C-2). The C-2 District is intended to provide a shopping center for the sale of convenience goods and personal services. In order to prevent the establishment of undesirable "strip" commercial development, it is intended that each development be contiguous and limited in scale. The C-2 districts should generally be restricte…

Zone name Intermediate Commercial
General category COMMERCIAL
Zone area 1,076.86 ac
Source Chapter 21 ZONING
Top alternative use upside
Auto repair, garage $6.8M +8.0%
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