Zoned Office Suites with RV
For Sale
$400,000
16 E Hatcher Road, Phoenix, AZ 85020
Two office suites with reception, multiple offices, and rear RV gates on a large lot with C-2 zoning.
Property Size1,584 SF
Price / SF$252.53
Days on Market382
Property Features for 16 E Hatcher Road
General Information
Standard status
Active
Size
1,584 SF
Property subtype
Commercial
Building Details
Building Size
1,584 SF
Year Built
1953
Listing Agency:
HomeSmart
(602) 361-5470
Listed By:
Shannon Collins · License #SA114615000
(602) 361-5470
Source:
Aznewhorizonrealty
Added: Jul 16, 2025
Changed: Jul 28
Last Checked: Jul 31 at 12:36PM
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.
The property is a multi-use zoned office building currently configured as two separate office suites. Each suite includes a reception area, three offices, and one bathroom. Suite A also has a kitchenette, while Suite B is approximately 830 square feet; the space can also be combined into one larger six-office suite with two bathrooms. Interior finishes include travertine floors with carpet in the offices, and an additional outbuilding with electricity is provided for extra storage or office use.
Zoned C-2 and part of the Hatcher Overlay District, the building sits on a large lot with good street frontage. The site includes a paved walkway and front patio, a rear yard secured by a block fence, and two RV gates for vehicle or equipment access. Parking is available in the back, and one air conditioning unit was replaced approximately two years ago.
The property is positioned near John C. Lincoln Med with convenient access to downtown Phoenix and I-51. It offers flexible use options for professional office, medical clinic, beauty salon, or a construction-related building format, subject to applicable approvals.
Zoned C-2 and part of the Hatcher Overlay District, the building sits on a large lot with good street frontage. The site includes a paved walkway and front patio, a rear yard secured by a block fence, and two RV gates for vehicle or equipment access. Parking is available in the back, and one air conditioning unit was replaced approximately two years ago.
The property is positioned near John C. Lincoln Med with convenient access to downtown Phoenix and I-51. It offers flexible use options for professional office, medical clinic, beauty salon, or a construction-related building format, subject to applicable approvals.
Key Highlights
- Zoned C‑2 multi‑use and located in the Hatcher Overlay District (per docs).
- Currently configured as 2 separate office suites with reception areas; Suite A ~740 SF and Suite B ~830 SF.
- Suite layout includes 3 offices plus 1 bath per suite; can combine into one larger 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 6.78%
Second Best
Healthcare Medical
$322.6K
$282.3K – $376.4K
NOI $22,582 @ 7.0% cap · market cap 5.65%
Theoretical Best
Office A
$479.8K
$419.8K – $559.8K
NOI $33,587 @ 7.0% cap · market cap 8.40%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,923
Businesses Nearby
Explore this area
Business Placement
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
Vacancy Rate% for Office in Phoenix, AZ
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office units - Two office suites with reception, multiple offices, and rear RV gates on a large lot with C-2 zoning.
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 $400,000.
What are key features of this property?
This property features: Zoned C‑2 multi‑use and located in the Hatcher Overlay District (per docs).; Currently configured as 2 separate office suites with reception areas; Suite A ~740 SF and Suite B ~830 SF.; Suite layout includes 3 offices plus 1 bath per suite; can combine into one larger 6‑office suite with 2 bathrooms.
