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    5343 N 16Th St Phoenix, AZ 85016

    For Lease
    $37 SF/Yr

    Office space for rent in active Phoenix redevelopment area.

    Property size:
    12,327 SF
    Lot size:
    1.42 Acres

    Property Features for 5343 N 16Th St

    General Information

    Size
    12,327 SF
    Lot size
    1.42 Acres

    Source: Newmark | Phoenix Agent Michael P. Garlick

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Phoenix Office Space for Rent

    This office space, encompassing 12,327 square feet, is located in an area undergoing significant redevelopment in Phoenix. The property benefits from underground parking with direct access to each building. On-site amenities include a deli with an outdoor patio. A fully furnished shared conference room and a shared training center equipped with audio/visual equipment, furniture, and fixtures are available for tenant use. The property offers convenient access to the Piestewa Freeway (SR-51). The listing price is $37.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Transamerica Agency Network Life Insurance Agency Lipson Neilson Law Firm Solar Flare Marketing Internet Marketing Service Agital Website Designer SVN | Desert Commercial ... Commercial Real Estate Agency

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Phoenix
    County
    Maricopa
    State
    Arizona
    Longitude
    -112.0468893
    Latitude
    33.5155314

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    FAQs

    What type of property is this?
    Office space - Office space for rent in active Phoenix redevelopment area.
    Where is this office space located?
    The property is located at 5343 N 16Th St Phoenix, AZ.
    What is the lease rate?
    The lease rate is $37 SF/Yr.
    What are key features of this property?
    This property features: - Located in the Most Active Redevelopment Urbanization Area in Greater Phoenix; - Excellent Access to the Piestewa/SR-51 Freeway; - Underground Parking with Direct Access to Each Building
    (602) 952-3800
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    5343 N 16Th St Phoenix, AZ 85016
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    Phoenix, AZ 85016
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    5343 N 16Th St Phoenix, AZ 85016
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