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16515 S 40th St, Phoenix, AZ 85048
Office building located at 16515 S 40th St in Phoenix, AZ 85048.
Property Size2,516 SF
Price / SF$256.36
Days on Market253
Property Features for 16515 S 40th St
General Information
Standard status
Active
Size
2,516 SF
Property subtype
OFFICE
Listing Agency:
Commercial Properties Inc
(480) 233-9689
Listed By:
Langdon Bridges · License #SA580717000
(480) 233-9689
Source:
Moodyscre
Added: Nov 21, 2025
Changed: Jul 31
Last Checked: Aug 1 at 3:53AM
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 Commercial Properties Inc
Investment Insights
Based on property information with market context.
This office building offers a total of 2,516 square feet and is located at 16515 S 40th St, Phoenix, AZ 85048.
The property is well-suited for office users seeking a freestanding space that can accommodate a range of workplace configurations within its existing footprint. Its compact size may also appeal to smaller teams or organizations looking for a manageable facility.
For more information on layout and occupancy requirements, review the property details and confirm any fit-out or operational considerations during your showing.
The property is well-suited for office users seeking a freestanding space that can accommodate a range of workplace configurations within its existing footprint. Its compact size may also appeal to smaller teams or organizations looking for a manageable facility.
For more information on layout and occupancy requirements, review the property details and confirm any fit-out or operational considerations during your showing.
Key Highlights
- 2,516 square feet office building
- 16515 S 40th St, Phoenix, AZ 85048 address
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 | $77.3k | $30.72 |
| − Vacancy | −$19.9k | −$7.90 |
| EGI | $57.4k | $22.82 |
| − OpEx | −$14.4k | −$5.71 |
| NOI | $43.1k | $17.12 |
2,516 SF · lease $30.72/SF/yr · vacancy 25.70% · expense 25.00%
Alternative Uses
Best Use
Office B
$615.3K
$538.4K – $717.9K
NOI $43,071 @ 7.0% cap · market cap 6.68%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$762.1K
$666.9K – $889.1K
NOI $53,348 @ 7.0% cap · market cap 8.27%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,021
Businesses Nearby
Explore this area
Business Placement
Demographics for 85048, AZ
34,524
Population
14,369
Households
2.4
Avg Household Size
42
Median Age
62%
College-Educated
98%
High-School Grad
10.1 sq mi
ZIP Area
3,418
Density / Sq Mi
$123,198
Median Household Income
$70,210
Median Earnings
$1,995
Median Rent
$538,500
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 building - Office building located at 16515 S 40th St in Phoenix, AZ 85048.
Where is this office building located?
The property is located at 16515 S 40th St Phoenix, AZ.
What is the asking price?
The asking price for this property is $645,000.
What are key features of this property?
This property features: 2,516 square feet office building; 16515 S 40th St, Phoenix, AZ 85048 address
