Retail Building in Fountain
16729 E Palisades Blvd Fountain Hills, AZ 85268
16729 E Palisades Blvd, Fountain Hills, AZ, 85268
$995,000
For Sale
$995,000
Multi-tenant retail building with high ceilings and ample parking.
Property Size4,180 SF
Price / SF$238.04
Days on Market175
Property Features for 16729 E Palisades Blvd
General Information
- Standard status
- Active
- Size
- 4,180 SF
- Property subtype
- Retail
Building Details
- Year Built
- 2012
Listing Agency
Commercial Properties Inc Tempe
(602) 315-7131
Listed by
Tyson Breinholt · License #BR517298000
(602) 315-7131
Source
Cpiaz
Added: Jan 26 Updated: Jul 6 at 9:25 am Checked: Jul 19 at 3:54 am
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 Commercial Properties Inc Tempe
Investment Insights
Based on property information with market context.
This 4,180 square foot multi-tenant retail building, constructed in 2012, is located in Fountain Hills, Arizona. The property features prominent street frontage in the heart of Fountain Hills’ downtown shopping district. The retail space includes high ceilings and large windows. The open floor plan is suitable for various businesses, including retail stores, offices, and medical offices. Ample parking is available for customers and employees. The property is located minutes from the Fountain Hills Town Center and the Fountain Hills Golf Club, with proximity to restaurants, shops, and other amenities.
Key Highlights
- Prime location in the heart of Fountain Hills' downtown shopping district.
- Multi‑tenant retail building offering investment or owner/user opportunity.
- Built in 2012, the property features a ±4,180 square foot retail space.
Local Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $127.9k | $30.60 |
| − Vacancy | −$31.2k | −$7.47 |
| EGI | $96.7k | $23.13 |
| − OpEx | −$24.2k | −$5.78 |
| NOI | $72.5k | $17.35 |
4,180 SF · lease $30.60/SF/yr · vacancy 24.40% · expense 25.00%
Alternative Uses
Best Use
Office B
$1.04M
$906.6K – $1.21M
NOI $72,524 @ 7.0% cap · market cap 7.29%
Second Best
Healthcare Medical
$844.2K
$738.7K – $984.9K
NOI $59,093 @ 7.0% cap · market cap 5.94%
Theoretical Best
Office A
$1.29M
$1.13M – $1.51M
NOI $90,509 @ 7.0% cap · market cap 9.10%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Medical Office Space
Similar For Sale Nearby
FAQs
What type of property is this?
Retail property - Multi-tenant retail building with high ceilings and ample parking.
Where is this retail property located?
The property is located at 16729 E Palisades Blvd Fountain Hills, 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: Prime location in the heart of Fountain Hills' downtown shopping district.; Multi‑tenant retail building offering investment or owner/user opportunity.; Built in 2012, the property features a ±4,180 square foot retail space.
