Multi-Use Office Suites on Large
For Sale
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16 East Hatcher Road, Phoenix, AZ 85020
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$252.53
Days on Market119
Property Features for 16 East Hatcher Road
General Information
Standard status
Active
Size
1,584 SF
Total Parking Spaces
8
Property subtype
Retail, Office, Mixed Use
Zoning
C-2
Site & Location
Neighborhood
North Mountain
Building Details
Year Built
1953
Buildings
2
Units
2
Listing Agency:
HomeSmart
Listed By:
Shannon Collins · License #SA114615000
(602) 889-2135
Source:
Crexi
Added: Jul 3
Changed: Oct 25
Last Checked: Oct 28 at 7:24AM
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
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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
Estimated NOI and Cap Rate
NOI / Yr
$27,116
Cap Rate
6.78%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$542,320
$542.3K
Cap Rate 7%
$387,371
$387.4K
Cap Rate 9%
$301,289
$301.3K
Market Conditions
NOI Build-Up for 1,584 SF
Gross rent
$48.7K $30.72/SF
− Vacancy
−$12.5K −$7.90/SF
EGI
$36.2K $22.82/SF
− OpEx
−$9.0K −$5.71/SF
NOI
$27.1K $17.12/SF
Area
Phoenix, AZ
Vacancy
25.70%
Lease Rate
$30.72 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$542,320
Cap Rate 7%
$387,371
Cap Rate 9%
$301,289
Alternative Uses
Best Use
Office B
$387.4K
$339.0K – $451.9K
NOI $27,116 @ 7.0% cap · market cap 6.78%
Second Best
—
—
no second resolved use
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.
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Current Use
Location Intelligence
Trade Area within ½ mile
1,923
Businesses Nearby
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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
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Market
Vacancy Rate% for Office in Phoenix, AZ
Frequently Asked Questions
What type of property is this?
Office unit - Two office suites with reception, three offices, and baths, convertible to one larger suite, on a secured large lot.
Where is this office unit located?
The property is located at 16 East 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: 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
