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Property profile & analytics
OFF-MARKET
Estimated value
$3,015,000
Office buildings
9949 Bell Rd 36 Sun City, AZ 85351-1200
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US07-2834054
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1988
Construction
CONCRETE
Total area
12,287 SF
Lot
0.7 ac (30,448 SF)
Zoning code
C-2
APN
230-03-263J
UPID
US07-2834054
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
-
Moore Law Partners PLLC Law Firm
-
Equity Title Agency Inc Title Company
-
Coldwell Banker Realty Real Estate Agency
-
Atticus Law, PLLC Law Firm
-
Advanced Spine and Orthopedic Partners Medical Clinic
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$3.50M
Comparable Approach
Comparable
$3.28M
Blend (final)
Blend
$3.02M
Owner & transaction history
Asap Properties Peoria LLC · 3 yrs held
Asap Properties Peoria LLC
since 2022
Last sale
$2.6M
7 recorded transactions
Zoning & alternative use
C-2 · Sun City, AZ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$3.2M
+59.4%
Neighborhood: shopping center
$3.2M
+58.0%
Industrial (general)
$2.8M
+39.6%
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 Sun City submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Sun City 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
$2,900,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$3,790,000
6.5%
$3,500,000
7%
$3,250,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$2,020,000
Current use
MEDICAL BUILDING
$3,220,000
Change: +59% · Conversion: Easy
NEIGHBORHOOD: SHOPPING CENTER
$3,195,000
Change: +58% · Conversion: Difficult
INDUSTRIAL (GENERAL)
$2,820,000
Change: +40% · Conversion: Difficult
Blend value · Realmo final
$3.02M
Range $2.71M – $3.32M · ±10% · vs last sale $2.58M (Sep 30 2022)
Last sale anchor
$2.58M
Sep 30 2022
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
$245 / 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 2023Property tax & assessments
Tax year 2023
Tax billed
$14,598
Tax year 2023
Assessed value
$287,183
Assessed 2024
Previous assessed
$268,260
+7.1% YoY
Effective rate
5.08%
On assessed value
Land market value
$613,600
Improvement market value
$1,126,900
Total market value
$1,740,500
Applied tax rate
150,007.0000
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
1988
Construction
CONCRETE
Heating
PACKAGE
Cooling
YES
Stories
2
Total area
12,287 SF
Lot
0.7 ac (30,448 SF)
Zoning code
C-2
APN
230-03-263J
UPID
US07-2834054
Jurisdiction
MARICOPA
Zoning & alternative use
C-2 · Sun City, AZ
Zoning C-2 · permitted uses
C-2 · Sun City, AZ
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Sun City. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING Current
Est. value
$2.0M
MEDICAL BUILDING
Est. value
$3.2M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$3.2M
INDUSTRIAL (GENERAL)
Est. value
$2.8M
OFFICE BUILDING Current
MEDICAL BUILDING
NEIGHBORHOOD: SHOPPING CENTER
INDUSTRIAL (GENERAL)
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
1988
Construction
CONCRETE
Heating
PACKAGE
Cooling
Yes
Stories
2
Lot
0.7 ac
Current owner
From public records · entity-resolved
Asap Properties Peoria LLC
Entity
Mailing address
10632 N SCOTTSDALE RD #166, SCOTTSDALE, AZ 85254-6164
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 30, 2022
$2,575,000
Asap Properties Peoria LLC
Thomas R Morris
Special Warranty Deed
—
May 31, 2018
$1,690,000
Morris Family Trust
9949 Bell Road LLC
Grant Deed
$290,000 · 9949 Bell Road LLC
Nov 16, 2007
$2,650,000
9949 Bell Road LLC
Callona Invs Of Arizona LLC
Grant Deed
$1,650,000 · Union Central Life Insurance
Oct 3, 2003
$744,852
Peak 90 LP
Rio Verde Rea Estate Holdings
Trustees Deed
—
Jun 30, 2000
$1,950,000
Collona Investments Of Arizona
Sofi IV Spm Portfolo X LLC
Grant Deed
$1,300,000 · Midland Life Insurance Co
Sep 5, 1997
$1,753,043
Sofi,iv Spm Maricopa L P
9949 W Bell L P
Trustees Deed
—
Nov 15, 1995
$1,185,000
West Bell L P 9949
Adlarb Investment Partner
Grant Deed
$750,000 · Meridian On Sand Key Ltd
Jun 18, 1993
$1,700,000
Real Estate Investment Pa Adlarb
Rj Properties In
Grant Deed
—
Dec 23, 1987
—
R J Properties I
—
Deed Of Trust
related
—
—
—
9949 Bell Road LLC
—
Deed Of Trust
related
$1,412,000 · Innovative Capital Advisors LLC Innovative Capital Advisors LLC
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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