16515 S 40th St, Phoenix, AZ 85048
Office condo unit offers a dedicated workplace in a professional village setting.
- Added:
- Jun 8, 2026
- Days on Market:
- 9
- Last Refresh:
- Jun 11 at 2:47 am
Property Features for 16515 S 40th St
General Information
- Standard status
- Active
- Size
- 2,488 SF
- Property subtype
- OFFICE
Listing agent Bob Broyles (602) 615-6810
Listing office Colliers | Phoenix (602) 615-6810
Listing date Jun 8, 2026
Source Moodyscre
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 Colliers | Phoenix
HighLights
- Office condo available in Foothills Professional Village at 16515 S 40th St, Phoenix
- Building 9, Unit 121 office condo
- Approximately 2,488 rental SF
Overview
The address is 16515 South 40th Street in Phoenix, Arizona, within the broader Foothills Professional Village. The information provided references a specific building and unit, which can help streamline due diligence for buyers who prefer to evaluate an individual office condo.
For tenant-brokers and owner-users, this unit configuration supports office operations that benefit from a defined, transferable space within a multi-building professional environment. Buyers seeking an owned office asset can review Building 9, Unit 121 as a discrete option, with the scope of the available space clearly identified in the listing materials.
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 | $76.4k | $30.72 |
| − Vacancy | −$19.6k | −$7.90 |
| EGI | $56.8k | $22.82 |
| − OpEx | −$14.2k | −$5.71 |
| NOI | $42.6k | $17.12 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Phoenix
- County
- Maricopa
- State
- Arizona
- Longitude
- -111.9964183
- Latitude
- 33.2974197
