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Medical Office with Monument Signage
For Lease
$4,356/Mo

16515 S 40th Street #131, Phoenix, AZ 85048

Vacant space includes a medical-oriented layout and is zoned CO.

Space SizeContact for details
Property Size2,178 SF
Days on Market29

Property Features for 16515 S 40th Street #131

General Information

Standard status Active
Size 2,178 SF
Zoning CO

Site & Location

Neighborhood Ahwatukee Foothills
Highway Access Yes

Additional Details

Space Use Medical Office

Taxes and HOA fees

Annual Taxes $5,365

Amenities

monument signage
Sidewalk(s)

Building Details

Building Size 2,178 SF
Year Built 2005
Listing Agency: HomeSmart Premier
Listed By: Gustavo Salas Lopez · License #SA672154000
Source: Azhomeseekers
Added: Oct 9 Changed: Nov 5 Last Checked: Nov 4 at 2:10PM

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 HomeSmart Premier

Rey
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Investment Insights

Based on property information with market context.

The 2,178-square-foot medical office was built in 2005 and is currently vacant. Its existing medical-oriented floor plan is described as versatile, and monument signage is in place. The property is zoned CO.

The space is at the corner of 40th Street and Frye Road in Phoenix. AZ 202 is a one-minute drive away, while I-10 is five minutes away. Banner Ocotillo Medical Center is an 11-minute drive; Dignity Health Arizona General Hospital is three minutes away, and Dignity Health Chandler Regional Medical Center is 12 minutes away.

Key Highlights

  • 2,178 square feet of medical office space
  • Existing medical‑oriented floor plan
  • Monument signage in place

Property Analytics

Who owns this building? See the owner, sales and loan history
Open 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

Yes
Highway access
NNN (Triple Net)
Lease Type
$3.60 /SF/Yr
CAM

Location Intelligence

Trade Area within ½ mile

1,021
Businesses Nearby
Under-served
Demand for This Use

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
View Realmo Analytics

Market

Lease Benchmarks for Phoenix, AZ

$24.54 /SF/Yr
Avg Asking Price
$3.57–$38 /SF/Yr
Price Range
10,468 SF
Avg Space Size

This space is priced 2% below the average of $24.54 /SF/Yr.

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

Similar Off Market Nearby

  • Family VetCare of Phoenix — 3908 E Chandler Blvd, Phoenix, AZ 85048

Frequently Asked Questions

What type of property is this?
Medical Office Space - Vacant space includes a medical-oriented layout and is zoned CO.
Where is this medical office space located?
The property is located at 16515 S 40th Street #131 Phoenix, AZ.
What is the lease rate?
The lease rate is $4,356/Mo.
What are key features of this property?
This property features: 2,178 square feet of medical office space; Existing medical‑oriented floor plan; Monument signage in place
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Includes: Price & PSF · Cap rate · Location · Zoning

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