Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Parker, AZ Multi-Family Apartment Title is generated by Realmo AI

    1300 W 16th St, Parker, AZ 85344

    View on Map
    Claim this Listing
    For Sale
    $890,000

    COMMERCIAL - Parker, AZ

    Property size:
    2,674 SF
    Lot size:
    0.17 Acres
    Price / SF:
    $332/SF
    Added:
    Jun 2, 2025
    Days on Market:
    345
    Last Refresh:
    May 12 at 1:06 am

    Property Features for 1300 W 16th St

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Parking features
    On Street
    Fencing
    Chain Link
    Standard status
    Active
    APN
    311-29-047b
    Size
    2,674 SF
    Lot size
    0.17 Acres

    Taxes and HOA fees

    Tax Year
    2024
    Tax Description
    SUBDIVISION: PARKER TOWNSITE BLOCK: 227 LOT: 6 SECTION: 12 TOWNSHIP: 9N RANGE: 20W
    Tax Annual Amount
    1204

    Utilities

    Heating system
    Central
    Cooling system
    Central Air
    Water source
    Public

    Building Details

    Year built
    1973
    Floors in Building
    1
    Number of units
    6
    Flooring type
    Tile - Ceramic
    Building materials
    Block
    Roof type
    Metal

    We can help!

    Listing Contact
    Marie Gonzalez
    Marie Gonzalez

    Listing agent Marie Gonzalez License #SA647001000

    Listing office David Plunkett Realty 8832 RIVERSIDE DRIVE, PARKER, AZ

    Listing date Jun 2, 2025

    MLS# 1035790

    Copyright © 2026 Lake Havasu Association of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • Six‑unit multi‑family apartment complex in Parker.
    • Two buildings on two lots.
    • Unit mix: Primarily 2‑bedroom units, plus 1‑bedroom and 3‑bedroom options.
    • Covered parking for 4 cars.
    • Gated underground pool and courtyard area.
    • Laundry room with 2 washer/dryer units for tenants.

    Overview

    This multi-family apartment complex is located in Parker, Arizona, featuring a corner location with two buildings situated on two lots. The property comprises six units in total. The building at 1300 16th Street contains three units, each with two bedrooms and one bath. The building at 1516 Mohave Ave includes two units with one bedroom and one bath each, along with one unit featuring three bedrooms and two baths. Residents have access to a gated underground pool and courtyard area. Covered parking is available for four cars. A laundry room is provided, equipped with two washer/dryer units for tenant use. Additionally, there are two outdoor storage rooms, one approximately 8x15 and the other approximately 10x15. The property has a total area of 2674 square feet and is situated on a 0.17-acre lot.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Apartment buildings

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Pharmacy

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

    Location Insight

    • Map
    • Local Demand
    City
    Parker
    County
    La Paz
    State
    Arizona
    Longitude
    -114.290904
    Latitude
    34.142372

    Nearby Similar for Sale

    • $2,300,000
      1,920 SF

      Parker Strip Commercial Opportunity

      Three parcels including a bar, vacant lot, and two-story building.
      10172 Riverside Dr, Parker, AZ 85344
      View Details
    • $360,000
      1,469 SF

      Moovalya Estates Toy Barn

      Self-contained toy barn with shared parking and security.
      9284 Moovalya Estates Dr, Parker, AZ 85344
      View Details
    • $575,000
      2,498 SF

      Remodeled Multi-Family Property in Parker

      Four-unit property with remodeled rentals and main house.
      1808 S Laguna Ave, Parker, AZ 85344
      View Details
    • $449,000
      2,415 SF

      Parker, AZ Triplex Investment

      Triplex in Parker, AZ, great income potential, all units occupied.
      1412 W Agency Ave, Parker, AZ 85344
      View Details
    • $3,500,000
      18,480 SF

      24-Unit Condo Complex in Parker

      Low-maintenance condo complex near the river in Parker, Arizona.
      1800 S Kofa Ave, Parker, AZ 85344
      View Details
    • $1,399,900
      7,150 SF

      Commercial Building in Prime Location

      Versatile commercial building with high traffic and multiple potential uses.
      1020 S California Ave, Parker, AZ 85344
      View Details
    • $740,000
      812 SF

      Commercial Building with Income Potential

      Centrally located commercial building with restaurant and apartments in Parker.
      1112 S Kofa Ave, Parker, AZ 85344
      View Details
    • $122,500

      Verde West RV Co-Op Lot

      RV lot near Colorado River destinations and community amenities.
      4985 N Highway 95 56, Parker, AZ 85344
      View Details
    • $445,000

      Parker, AZ Car Wash Opportunity

      Car wash on Riverside Drive with highway frontage for sale.
      501 W Riverside Dr, Parker, AZ 85344
      View Details
    • $1,250,000
      1,032 SF

      Vacant Gas Station For Sale

      Vacant gas station available for purchase in Parker, Arizona.
      1100 S California Ave, Parker, AZ 85344
      View Details
    • $740,000
      812 SF

      Commercial Building with Income Potential

      Centrally located commercial building with restaurant and apartment income.
      1112 S Kofa Ave, Parker, AZ 85344
      View Details

    FAQs

    What type of property is this?
    Apartment building - Six-unit apartment complex with pool and courtyard in Parker.
    Where is this apartment building located?
    The property is located at 1300 W 16th St Parker, AZ.
    What is the asking price?
    The asking price for this property is $890,000.
    What are key features of this property?
    This property features: Six‑unit multi‑family apartment complex in Parker.; Two buildings on two lots.; Unit mix: Primarily 2‑bedroom units, plus 1‑bedroom and 3‑bedroom options.
    (928) 575-6095
    We can help!
    Listing Contact
    Marie Gonzalez
    Marie Gonzalez
    Real Estate License ID: SA647001000
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    1300 W 16th St, Parker, AZ 85344
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!