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Office Building with Covered Parking
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7325 N 16th St, Phoenix, AZ 85020

Office space in a multi-tenant building with covered parking and signage, with access to SR-51.

Property Size573 SF
Days on Market660

Property Features for 7325 N 16th St

General Information

Standard status Active
Size 573 SF
Property subtype OFFICE
Lease Type SF/yr

Additional Details

Highway Access Yes

Amenities

covered parking
signage
Listing Agency: LevRose Commercial Real Estate
Listed By: Keri Davies · License #SA649025000
Source: Moodyscre
Added: Oct 9, 2024 Changed: Jul 27 Last Checked: Jul 30 at 7:48AM

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

Investment Insights

Based on property information with market context.

Available office space at Biltmore 16, a Phoenix office building with great access to SR-51. The building offers covered parking and signage, and is positioned for visibility on 16th Street.

Located at 7325 N 16th St, the property is described as being close to the Biltmore and many surrounding neighborhoods, supporting convenient day-to-day access for employees and visitors.

This offering is presented as an owner/user opportunity with income in place, giving flexibility for both an operating tenant and an investor looking for existing occupancy.

Key Highlights

  • Office space in a multi‑tenant building with covered parking and signage
  • Close to the Biltmore in Phoenix, with visibility on 16th St
  • Great access to SR‑51

Property Analytics

Current Use

Faith Carroll Physician Kind Minds Counseling Counselor Attuned OT Physician Nightlight Psychiatric Care Physician Julie A. Skakoon, LPC Counselor

Suggested Use

Top Pick HVAC Service Electrical Service Grocery & Convenience Store Daycare Center (Bike/Boat/Book/etc) Store Parking Lot & Garage

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

Yes
Highway access
NNN (Triple Net)
Lease Type
$4.05 /SF/Yr
CAM

Location Intelligence

Trade Area within ½ mile

357
Businesses Nearby

Demographics for 85020, AZ

34,534
Population
18,231
Households
1.9
Avg Household Size
43
Median Age
43%
College-Educated
90%
High-School Grad
8.8 sq mi
ZIP Area
3,924
Density / Sq Mi
$78,412
Median Household Income
$48,230
Median Earnings
$1,389
Median Rent
$400,800
Median Home Value

Market

Lease Benchmarks for Phoenix, AZ

$18.84 /SF/Yr
Avg Asking Price
$0.58–$59.85 /SF/Yr
Price Range
11,631 SF
Avg Space Size

This space is priced 43% above the average of $18.84 /SF/Yr.

Vacancy Rate% for Office in Phoenix, AZ

14.4% 2019
19.3% 2020
21.7% 2021
24.3% 2022
27.4% 2023
28.5% 2024
26.5% 2025
Rey
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.

Frequently Asked Questions

What type of property is this?
Office units - Office space in a multi-tenant building with covered parking and signage, with access to SR-51.
Where is this office units located?
The property is located at 7325 N 16th St Phoenix, AZ.
What is the lease rate?
The lease rate is $27 SF/Yr.
What are key features of this property?
This property features: Office space in a multi‑tenant building with covered parking and signage; Close to the Biltmore in Phoenix, with visibility on 16th St; Great access to SR‑51
(602) 697-3416 Call to check price and availability
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