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    16841 N 31St Ave Phoenix, AZ 85053

    For Sale
    $342,601

    Fully leased medical office building with stable income.

    Property size:
    1,381 SF
    Lot size:
    0.12 Acres

    Property Features for 16841 N 31St Ave

    General Information

    Size
    1,381 SF
    Lot size
    0.12 Acres

    Source: Commercial Properties Inc Agent Matt Zaccardi

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

    Overview

    Leased Medical Office Investment

    This property is fully leased to Caring Presence Home Care, an Arizona-based healthcare provider with 37 years of operating history. The tenant operates under a 60-month, Modified Gross (MG) lease, providing in-place cash flow. Caring Presence is described as a top-tier operator in the healthcare sector. The investment provides a 6.00% capitalization rate based on the 2026 Net Operating Income of $20,556.10. Offered at $342,601.67 ($248.08/SF), the property features a functional layout that was remodeled in 2021.
    Insight Report Location Intelligence

    Current Use by Public Records

    Dr. Paul Owens Dentist Dr. James S. ... Dentist Agave Foot Specialists Podiatrist Arizona Chapter National ... Non-Profit Organization HealthyU Clinics Medical Clinic

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

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

    Similar Places Nearby

    Bell Ridge Veterinarian, Dr. Greta Heinemann

    Location Insight

    • Map
    • Local Demand
    City
    Phoenix
    County
    Maricopa
    State
    Arizona
    Longitude
    -112.1240257
    Latitude
    33.638351

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    FAQs

    What type of property is this?
    Medical office - Fully leased medical office building with stable income.
    Where is this medical office located?
    The property is located at 16841 N 31St Ave Phoenix, AZ.
    What is the asking price?
    The asking price for this property is $342,601.
    What are key features of this property?
    This property features: - 100% leased to Caring Presence Home Care, a premier Arizona-based healthcare provider with a 37-year operating history.; - Secure, in-place cash flow from day one.; - 6.00% capitalization rate based on the 2026 Net Operating Income of $20,556.10.
    (602) 561-1339
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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
    16841 N 31St Ave Phoenix, AZ 85053
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