Leased Corner Office
16448 N 40th St Phoenix, AZ 85032
16448 N 40th St, Phoenix, AZ, 85032
$1,050,000
For Sale
$1,050,000
Office building on a corner lot with ample parking; leased through Oct 2028 and available for sale.
Property Size3,154 SF
Price / SF$332.91
Days on Market111
Property Features for 16448 N 40th St
General Information
- Standard status
- Active
- Size
- 3,154 SF
Listing agency
Realty of America LLC
(602) 326-9496
Listed by
Omar Robles · License #BR541635000
(602) 326-9496
Source
Exprealty
Added: Apr 3 Updated: Jul 21 at 9:10AM Checked: Jul 21 at 9:10AM
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 Realty of America LLC
Investment Insights
Based on property information with market context.
This for-sale office building is positioned on a corner lot and includes ample parking. The offering is described as a retail/C-T, R-O zoned property and is currently leased through October 2028.
Located at 16448 N 40th St, Phoenix, AZ, the property is presented as being in a high-growth corridor. The remarks also note strong traffic counts and excellent visibility.
At the time of this listing, the unit’s key commercial consideration is the existing lease term through Oct 2028.
Located at 16448 N 40th St, Phoenix, AZ, the property is presented as being in a high-growth corridor. The remarks also note strong traffic counts and excellent visibility.
At the time of this listing, the unit’s key commercial consideration is the existing lease term through Oct 2028.
Key Highlights
- Office building on a corner lot with ample parking
- Currently leased through Oct 2028
- Zoned Retail / C‑T and R‑O
Local 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 | $96.9k | $30.72 |
| − Vacancy | −$24.9k | −$7.90 |
| EGI | $72.0k | $22.82 |
| − OpEx | −$18.0k | −$5.71 |
| NOI | $54.0k | $17.12 |
3,154 SF · lease $30.72/SF/yr · vacancy 25.70% · expense 25.00%
Alternative Uses
Best Use
Office B
$771.3K
$674.9K – $899.9K
NOI $53,992 @ 7.0% cap · market cap 5.14%
Second Best
Healthcare Medical
$642.3K
$562.0K – $749.4K
NOI $44,963 @ 7.0% cap · market cap 4.28%
Theoretical Best
Office A
$953.4K
$834.2K – $1.11M
NOI $66,737 @ 7.0% cap · market cap 6.36%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
the CK Group, Inc.
Civil Engineer
Accident Justice LAW ...
Law Firm
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FAQs
What type of property is this?
Office building - Office building on a corner lot with ample parking; leased through Oct 2028 and available for sale.
Where is this office building located?
The property is located at 16448 N 40th St Phoenix, AZ.
What is the asking price?
The asking price for this property is $1,050,000.
What are key features of this property?
This property features: Office building on a corner lot with ample parking; Currently leased through Oct 2028; Zoned Retail / C‑T and R‑O
