Industrial Space with Office
21825 N 16TH Street Phoenix, AZ 85024
For Sale
$3,250,000
Industrial space with offices, multiple yards, and freeway access.
Property Size7,850 SF
Lot Size2.50 Acres
Price / SF$414.01
Days on Market721
Property Features for 21825 N 16TH Street
General Information
Standard status
Active
Size
7,850 SF
Lot size
2.50 Acres
Property subtype
Commercial/Industrial
Building Details
Year Built
1995
Listing Agency:
Epique Realty
(480) 475-9525
Listed By:
Paul Mosley · License #SA672232000
(480) 475-9525
Source:
Exitrealty
Added: Aug 8, 2024
Changed: Jul 6
Last Checked: Jul 25 at 5:40AM
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 Epique Realty
Investment Insights
Based on property information with market context.
This property offers a combination of industrial and office space. Previously used as a custom cabinet shop for 27 years, the property includes a phase converter. The office areas are air-conditioned, while the shop is equipped with evaporative coolers. The property also features six separate yards. Situated off Deer Valley, it is located on the north side of the mountain, north of the 101, east of 7th Street, and west of Cave Creek, providing easy access to freeways and the rest of the Valley.
Key Highlights
- Superb location with easy freeway access.
- Six separate yards.
- Suitable for industrial use; previously a custom cabinet shop for 27 years.
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 | $241.2k | $30.72 |
| − Vacancy | −$62.0k | −$7.90 |
| EGI | $179.2k | $22.82 |
| − OpEx | −$44.8k | −$5.71 |
| NOI | $134.4k | $17.12 |
7,850 SF · lease $30.72/SF/yr · vacancy 25.70% · expense 25.00%
Alternative Uses
Best Use
Office B
$1.92M
$1.68M – $2.24M
NOI $134,382 @ 7.0% cap · market cap 4.13%
Second Best
Flex RnD
$1.23M
$1.08M – $1.44M
NOI $86,212 @ 7.0% cap · market cap 2.65%
Theoretical Best
Office A
$2.38M
$2.08M – $2.77M
NOI $166,448 @ 7.0% cap · market cap 5.12%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Flex space - Industrial space with offices, multiple yards, and freeway access.
Where is this flex space located?
The property is located at 21825 N 16TH Street Phoenix, AZ.
What is the asking price?
The asking price for this property is $3,250,000.
What are key features of this property?
This property features: Superb location with easy freeway access.; Six separate yards.; Suitable for industrial use; previously a custom cabinet shop for 27 years.
