Turnkey Bakery with Extensive
For Sale
Contact for pricing
1915 N 16th St, Phoenix, AZ
Bakery with ovens, freezer, refrigerator, and immediate highway access.
Property Size4,340 SF
Lot Size0.14 Acres
Price / SF$229.26
Days on Market748
Property Features for 1915 N 16th St
General Information
Standard status
Active
Size
4,340 SF
Lot size
0.14 Acres
Property subtype
OFFICE
Site & Location
Neighborhood
Encanto
Listing Agency:
LevRose Commercial Real Estate
(480) 947-0600
Listed By:
Joe Cosgrove · License #SA649531000
(480) 628-4753
Source:
Moodyscre
Added: Oct 9, 2024
Changed: Oct 25
Last Checked: Oct 24 at 5:03PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of LevRose Commercial Real Estate
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 4,340 square foot property is a turnkey bakery ready for immediate occupancy. It is equipped with ovens, a walk-in freezer, and a refrigerator. The property includes storage racks and a roll-up door, making it suitable for distribution purposes. Extensive bakery FF&E is included in the sale. The location provides immediate access to I-10 and SR-51.
Key Highlights
- Turnkey Bakery: Ready for immediate occupancy
- Extensive Bakery FF&E Included: Significant value with included fixtures, furniture, and equipment
- Convenient Location: Immediate access to I‑10 & SR‑51 highways
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$64,683
Cap Rate
6.50%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,293,660
$1.3M
Cap Rate 7%
$924,043
$924.0K
Cap Rate 9%
$718,700
$718.7K
Market Conditions
NOI Build-Up for 4,340 SF
Gross rent
$93.7K $21.60/SF
− Vacancy
−$7.5K −$1.73/SF
EGI
$86.2K $19.87/SF
− OpEx
−$21.6K −$4.97/SF
NOI
$64.7K $14.90/SF
Area
Phoenix, AZ
Vacancy
8.00%
Lease Rate
$21.60 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,293,660
Cap Rate 7%
$924,043
Cap Rate 9%
$718,700
Alternative Uses
Best Use
Specialty Retail
$924.0K
$808.5K – $1.08M
NOI $64,683 @ 7.0% cap · market cap 6.50%
Second Best
Retail
$700.7K
$613.2K – $817.5K
NOI $49,052 @ 7.0% cap · market cap 4.93%
Theoretical Best
Office A
$1.31M
$1.15M – $1.53M
NOI $92,024 @ 7.0% cap · market cap 9.25%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,947
Businesses Nearby
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Business Placement
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in Phoenix, AZ
Frequently Asked Questions
What type of property is this?
Commercial kitchen - Bakery with ovens, freezer, refrigerator, and immediate highway access.
Where is this commercial kitchen located?
The property is located at 1915 N 16th St Phoenix, AZ.
What is the asking price?
The asking price for this property is $995,000.
What are key features of this property?
This property features: Turnkey Bakery: Ready for immediate occupancy; Extensive Bakery FF&E Included: Significant value with included fixtures, furniture, and equipment; Convenient Location: Immediate access to I‑10 & SR‑51 highways
