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    16841 N 31St St, Unit 131 Phoenix, AZ 85053

    For Sale
    $342,601

    Leased office condo in high-demand Deer Valley/Airport submarket.

    Property size:
    1,381 SF

    Property Features for 16841 N 31St St

    General Information

    Size
    1,381 SF

    Source: Matt Zaccardi Agent Matt Zaccardi

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

    Overview

    Single-Tenant Office Condo Investment

    This is a 1,381 square foot single-tenant office condo located in the Bell Canyon Offices park. The property is 100% leased to Caring Presence Home Care, an Arizona-based healthcare provider with a 37-year operating history. The tenant is on a 60-month, Modified Gross (MG) lease, providing in-place cash flow. The investment provides a 6.00% capitalization rate based on the 2026 Net Operating Income of $20,556.10. The property features a functional layout that was remodeled in 2021. The property is situated in the Deer Valley/Airport submarket, with access to the I-17 and Loop 101 freeways. The area is home to corporations like Honeywell, Cigna, and USAA, and anchored by the Phoenix Deer Valley Airport. The area is also at the gateway of the $165B TSMC semiconductor campus. Building signage is available, and the parking ratio is 5.26/1,000.
    Insight Report Location Intelligence

    Current Use by Public Records

    Nicholas Werth Physician Assistant Pinnacle Ear Nose ... Medical Clinic

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Phoenix
    County
    Maricopa
    State
    Arizona
    Longitude
    -112.0150723
    Latitude
    33.6394792

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    FAQs

    What type of property is this?
    Office space - Leased office condo in high-demand Deer Valley/Airport submarket.
    Where is this office space located?
    The property is located at 16841 N 31St St, Unit 131 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, providing secure cash flow.; - Located in the high-demand Deer Valley/Airport submarket with immediate access to I-17 and Loop 101 freeways.; - Offers a secure 6.00% capitalization rate based on the 2026 Net Operating Income of $20,556.10.
    (602) 561-1339
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    16841 N 31St St, Unit 131 Phoenix, AZ 85053
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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 St, Unit 131 Phoenix, AZ 85053
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