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Corner Office Suite
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16515 S 40th St Ste 131, Phoenix, AZ 85048

Office suite available on a corner location for professional and medical-style tenant operations.

Space Size2,178 SF
Days on Market78

Property Features for 16515 S 40th St Ste 131

General Information

Standard status Active
Size 2,178 SF
Class B
Property subtype Office

Building Details

Building Size 2,178 SF
Year Built 2002
Tenancy Single

Spaces For Lease

at 16515 S 40th St Ste 131 Contact us

16515 S 40th St, Ste 131

Size
2,178 SF
Type
Office
Lease Type
NNN
Availability
Active
Contact us
Listing Agency: Commercial Properties Inc Tempe
Listed By: Brandon Koplin · License #AZ SA567178000
Source: Crexi
Added: May 28 Changed: Aug 8 Last Checked: Aug 12 at 2:24PM

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 Tempe

Investment Insights

Based on property information with market context.

This is a leased office suite available as Suite 131 at 16515 S 40th St in Phoenix, AZ 85048. The offering is positioned as an office unit suitable for professional use, including medical office space.

The suite is located on a corner setting at the intersection of 40th St and Chandler Blvd, which can provide convenient access and strong site visibility relative to non-corner locations.

For tenants seeking a dedicated office setting in a corner configuration, this suite is a straightforward option for established operations that need a private, suite-based space. It is also positioned to support medical-office style requirements based on the property’s stated medical office space designation.

Key Highlights

  • Office suite available for lease in Phoenix, AZ
  • Located on the corner of 40th St and Chandler Blvd
  • Building year built: 2002

Property Analytics

Current Use

Spine Institute of Arizona Physician Desert Shores Dentistry Dental Office Webster Shari R ... Alternative Medicine Practice Mark S. Williams Law Firm Cales Gloria L Law Firm

Suggested Use

Top Pick (Bike/Boat/Book/etc) Store Grocery & Convenience Store Parking Lot & Garage Furniture & Home Goods Auto Parts Store Locksmith

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

NNN (Triple Net)
Lease Type

Location Intelligence

Trade Area within ½ mile

1,021
Businesses Nearby

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

Lease Benchmarks for Phoenix, AZ

$17.92 /SF/Yr
Avg Asking Price
$0.58–$45 /SF/Yr
Price Range
9,809 SF
Avg Space Size

Vacancy Rate% for Office in Phoenix, AZ

14.4% 2019
19.3% 2020
21.7% 2021
24.3% 2022
27.4% 2023
28.5% 2024
26.5% 2025
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Questions? Ask Rey
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Frequently Asked Questions

What type of property is this?
Office units - Office suite available on a corner location for professional and medical-style tenant operations.
Where is this office units located?
The property is located at 16515 S 40th St Ste 131 Phoenix, AZ.
What are key features of this property?
This property features: Office suite available for lease in Phoenix, AZ; Located on the corner of 40th St and Chandler Blvd; Building year built: 2002
(602) 373-4717 Call to check price and availability
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