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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 Market345
Property Features for 16515 S 40th St
General Information
Standard status
Active
Size
2,516 SF
Property subtype
OFFICE
Site & Location
Neighborhood
Ahwatukee Foothills
Listing Agency:
Commercial Properties Inc
(480) 966-2301
Listed By:
Langdon Bridges · License #SA580717000
(480) 233-9689
Source:
Moodyscre
Added: Nov 21, 2025
Changed: Oct 26
Last Checked: Oct 30 at 5:39PM
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
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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
Estimated NOI and Cap Rate
NOI / Yr
$43,071
Cap Rate
6.68%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$861,420
$861.4K
Cap Rate 7%
$615,300
$615.3K
Cap Rate 9%
$478,567
$478.6K
Market Conditions
NOI Build-Up for 2,516 SF
Gross rent
$77.3K $30.72/SF
− Vacancy
−$19.9K −$7.90/SF
EGI
$57.4K $22.82/SF
− OpEx
−$14.4K −$5.71/SF
NOI
$43.1K $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%
$861,420
Cap Rate 7%
$615,300
Cap Rate 9%
$478,567
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.
How Realmo checks its estimates
Property Analytics
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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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in Phoenix, AZ
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
