Multi-Use Office Suites on Large
16 E HATCHER Road Phoenix, AZ 85020
For Sale
$450,000
Two office suites with reception, three offices, and baths, convertible to one larger suite, on a secured large lot.
Property Size1,584 SF
Price / SF$284.09
Days on Market373
Property Features for 16 E HATCHER Road
General Information
- Standard status
- Active
- Size
- 1,584 SF
- Property subtype
- Commercial/Industrial
Building Details
- Year Built
- 1953
Listing Agency:
HomeSmart
(602) 361-5470
Listed By:
Shannon Collins · License #SA114615000
(602) 361-5470
Source:
Exitrealty
Added: Jul 16, 2025
Changed: Jul 21
Last Checked: Jul 23 at 9:20AM
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 HomeSmart
Investment Insights
Based on property information with market context.
This property is currently configured as two separate office suites. Each suite includes a reception area, three offices, and one bathroom. Suite A also includes a kitchenette. The suites can also be combined into one larger, six-office suite with two bathrooms. Finishes include travertine floors and carpet in the offices, and an exterior building includes electricity for additional storage or office use.
The property is zoned C-2 multi-use and is part of the Hatcher Overlay District (see documents). It offers good street frontage with a paved walkway and front patio, plus a rear yard secured by a block fence. Access is supported by two RV gates, and there is parking in the back for vehicles or equipment. One AC unit was replaced approximately two years ago.
A large-lot setup with multiple access points and flexible interior configuration makes this a practical option for office users or businesses looking for a facility that can be staged as separate suites or operated as one unit.
The property is zoned C-2 multi-use and is part of the Hatcher Overlay District (see documents). It offers good street frontage with a paved walkway and front patio, plus a rear yard secured by a block fence. Access is supported by two RV gates, and there is parking in the back for vehicles or equipment. One AC unit was replaced approximately two years ago.
A large-lot setup with multiple access points and flexible interior configuration makes this a practical option for office users or businesses looking for a facility that can be staged as separate suites or operated as one unit.
Key Highlights
- 1953‑built property in North Central Phoenix, zoned C‑2 multi‑use and part of the Hatcher Overlay District
- Currently configured as 2 separate office suites: Suite A (~740 SF) and Suite B (~830 SF)
- Each suite includes a reception area plus three offices and 1 bath; could also be converted to one large 6‑office suite with 2 bathrooms
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 | $48.7k | $30.72 |
| − Vacancy | −$12.5k | −$7.90 |
| EGI | $36.2k | $22.82 |
| − OpEx | −$9.0k | −$5.71 |
| NOI | $27.1k | $17.12 |
1,584 SF · lease $30.72/SF/yr · vacancy 25.70% · expense 25.00%
Alternative Uses
Best Use
Office B
$387.4K
$339.0K – $451.9K
NOI $27,116 @ 7.0% cap · market cap 6.03%
Second Best
Healthcare Medical
$322.6K
$282.3K – $376.4K
NOI $22,582 @ 7.0% cap · market cap 5.02%
Theoretical Best
Office A
$479.8K
$419.8K – $559.8K
NOI $33,587 @ 7.0% cap · market cap 7.46%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Hope 4 Help ...
Charitable Organization
Global Tax - Multi ...
Tax Preparation
Heser Masonry
General Contractor
FAQs
What type of property is this?
Office units - Two office suites with reception, three offices, and baths, convertible to one larger suite, on a secured large lot.
Where is this office units located?
The property is located at 16 E HATCHER Road Phoenix, AZ.
What is the asking price?
The asking price for this property is $450,000.
What are key features of this property?
This property features: 1953‑built property in North Central Phoenix, zoned C‑2 multi‑use and part of the Hatcher Overlay District; Currently configured as 2 separate office suites: Suite A (~740 SF) and Suite B (~830 SF); Each suite includes a reception area plus three offices and 1 bath; could also be converted to one large 6‑office suite with 2 bathrooms
