Flex Space with Covered
For Sale
Contact for pricing
1444 N 16TH Street, Phoenix, AZ 85006
Versatile commercial space with multiple enclosed rooms, reception areas, a break room, and private parking.
Property Size2,449 SF
Price / SF$1.43
Days on Market49
Property Features for 1444 N 16TH Street
General Information
Standard status
Active
Size
2,449 SF
Property subtype
Comm/Industry Lease
Site & Location
Neighborhood
Central City
Listing Agency:
Desert Canyon Properties, LLC
Listed By:
Randi M Weiss Harris
(602) 854-9884
Source:
Thegouldgroupaz
Added: Sep 7
Changed: Oct 10
Last Checked: Oct 24 at 6:22PM
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 Desert Canyon Properties, LLC
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Investment Insights
Based on property information with market context.
This 2,449 SF flex space offers a practical mix of enclosed rooms and open-use areas. The layout includes a walk-in reception area, six conference rooms or private rooms, a second large reception or multipurpose area, a break room, and two bathrooms. The configuration supports office, medical, salon, warehouse, and other commercial applications identified for the property.
Private parking includes six covered spaces and three uncovered spaces. The property is located at 1444 N 16TH Street in Phoenix, with access just off 16th Street and proximity to I-10 and 51.
Private parking includes six covered spaces and three uncovered spaces. The property is located at 1444 N 16TH Street in Phoenix, with access just off 16th Street and proximity to I-10 and 51.
Key Highlights
- 2,449 SF flex space at 1444 N 16TH Street
- Six conference rooms or enclosed rooms
- Two reception areas, including a large multipurpose space
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$15,405
Suggested Prices Based on Cap Rates
Cap Rate 5%
$308,100
$308.1K
Cap Rate 7%
$220,071
$220.1K
Cap Rate 9%
$171,167
$171.2K
Market Conditions
NOI Build-Up for 2,449 SF
Gross rent
$25.0K $10.20/SF
− Vacancy
−$3.0K −$1.21/SF
EGI
$22.0K $8.99/SF
− OpEx
−$6.6K −$2.70/SF
NOI
$15.4K $6.29/SF
Area
Phoenix, AZ
Vacancy
11.90%
Lease Rate
$10.20 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$308,100
Cap Rate 7%
$220,071
Cap Rate 9%
$171,167
Alternative Uses
Best Use
Office B
$598.9K
$524.1K – $698.7K
NOI $41,924 @ 7.0% cap · market cap 1,197.83%
Second Best
Flex RnD
$384.2K
$336.2K – $448.3K
NOI $26,896 @ 7.0% cap · market cap 768.46%
Theoretical Best
Office A
$741.8K
$649.1K – $865.5K
NOI $51,928 @ 7.0% cap · market cap 1,483.66%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
1,761
Businesses Nearby
Under-served
Demand for This Use
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Business Placement
Demographics for 85006, AZ
23,797
Population
10,607
Households
2.2
Avg Household Size
34
Median Age
27%
College-Educated
78%
High-School Grad
4.0 sq mi
ZIP Area
5,949
Density / Sq Mi
$60,742
Median Household Income
$39,899
Median Earnings
$1,168
Median Rent
$376,600
Median Home Value
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Market
Vacancy Rate% for Office in Phoenix, AZ
Similar Off Market Nearby
- The REZ an Urban Eatery — 921 E Garfield St, Phoenix, AZ 85006
Frequently Asked Questions
What type of property is this?
Flex space - Versatile commercial space with multiple enclosed rooms, reception areas, a break room, and private parking.
Where is this flex space located?
The property is located at 1444 N 16TH Street Phoenix, AZ.
What are key features of this property?
This property features: 2,449 SF flex space at 1444 N 16TH Street; Six conference rooms or enclosed rooms; Two reception areas, including a large multipurpose space
