4550 Bell RdPhoenix, AZ 85032

Property Details for 4550 Bell Rd

Lot size

7.49 AC

Zone code

C-O

Property type

Office properties

Property subtype

Other office properties

APN

215-18-555

APU

21518555

Description

This ±6,079 square foot, Class B office building in Phoenix, Arizona, presents a fantastic owner-user opportunity. Located at 4550 E Bell Rd, 85032, on the northwest corner of Tatum Blvd and Bell Rd, this 2007-built property boasts a highly functional layout including a reception area, multiple private offices, a conference room, full kitchen, and a small open work area. Eight covered, reserved parking spaces are included. The building features five AC units, with one replaced in 2023. The property's convenient location offers easy access to the 51 and Loop-101 freeways, and is surrounded by abundant retail amenities such as Tatum Point, Kierland Commons, and Scottsdale Quarter. Its proximity to four major hospitals—Abrazo Scottsdale, The Mayo Clinic, Banner Health Scottsdale Medical Center, and HonorHealth Medical Wellness Center—further enhances its appeal. The Association maintains the exterior, including roof maintenance. The asking price is $1,795,000, translating to $295.28 per square foot. The property is zoned C-O and has an APN of 215-18-540, 215-18-541, and 215-18-542. The seller may consider conveying existing furniture. This is a rare opportunity to acquire a well-maintained, strategically located office building in a thriving North Phoenix market.

• CAP approach

  CAP return

  Valuation

  6%

  $95,705,744

  6.5%

  $88,343,768

  7%

  $82,033,496

• Comparable approach

  Method

  Valuation

  Relative Method

  $73,637,888

  Geo Method

  $73,637,888

• Alternative Use

  Use

  Valuation

  Residential

  $109,546,272

  Hospitality

  $100,343,792

  Educational

  $83,484,856

  Medical

  $86,356,032

  Retail

  $129,865,336

Location Insight

City

Phoenix

County

Maricopa

State

Arizona

Latitude

33.6416

Longitude

-111.983

CBSA code

38060

CBSA name

PHOENIX-MESA-SCOTTSDALE, AZ METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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