Live-Work Property with Salon
16715 E Parkview Ave Fountain Hills, AZ 85268
16715 E Parkview Ave, Fountain Hills, AZ, 85268
$1,300,000
For Sale
$1,300,000
Well-maintained live-work property with a first-level salon treatment room setup and additional 2025 second-story living space.
Property Size4,564 SF
Price / SF$284.84
Days on Market152
Property Features for 16715 E Parkview Ave
General Information
- Standard status
- Active
- Size
- 4,564 SF
Listing agency
My Home Group Real Estate
(602) 550-0065
Listed by
Paula D Denis
(602) 550-0065
Source
Exprealty
Added: Feb 20 Updated: Jul 22 at 8:41AM Checked: Jul 22 at 8:41AM
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 My Home Group Real Estate
Investment Insights
Based on property information with market context.
This well-maintained live-work property is designed to support a combination of professional and residential use. The first level is currently operating as a salon, with several treatment rooms equipped with sinks, as well as an outdoor bathroom and an outdoor living area that includes a fireplace.
The second story was completed in 2025 and includes one bedroom, a dining area, and a living room. This level also features a fireplace, in-unit laundry facilities, and a clear view of the Fountain Hills fountain.
The property’s layout offers a practical split between treatment-ready space on the main level and updated living accommodations above, making it well suited for buyers seeking a flexible live-work configuration.
The second story was completed in 2025 and includes one bedroom, a dining area, and a living room. This level also features a fireplace, in-unit laundry facilities, and a clear view of the Fountain Hills fountain.
The property’s layout offers a practical split between treatment-ready space on the main level and updated living accommodations above, making it well suited for buyers seeking a flexible live-work configuration.
Key Highlights
- Live‑work property in Fountain Hills with a first‑level salon setup and multiple treatment rooms with sinks
- Includes an outdoor bathroom and an outdoor living space with a fireplace
- Second story completed in 2025 with additional living space
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 | $139.7k | $30.60 |
| − Vacancy | −$34.1k | −$7.47 |
| EGI | $105.6k | $23.13 |
| − OpEx | −$26.4k | −$5.78 |
| NOI | $79.2k | $17.35 |
4,564 SF · lease $30.60/SF/yr · vacancy 24.40% · expense 25.00%
Alternative Uses
Best Use
Office B
$1.13M
$989.8K – $1.32M
NOI $79,186 @ 7.0% cap · market cap 6.09%
Second Best
Mixed Use
$464.2K
$406.2K – $541.6K
NOI $32,495 @ 7.0% cap · market cap 2.50%
Theoretical Best
Office A
$1.41M
$1.24M – $1.65M
NOI $98,824 @ 7.0% cap · market cap 7.60%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Live-work space
Similar For Sale Nearby
FAQs
What type of property is this?
Live-work space - Well-maintained live-work property with a first-level salon treatment room setup and additional 2025 second-story living space.
Where is this live-work space located?
The property is located at 16715 E Parkview Ave Fountain Hills, AZ.
What is the asking price?
The asking price for this property is $1,300,000.
What are key features of this property?
This property features: Live‑work property in Fountain Hills with a first‑level salon setup and multiple treatment rooms with sinks; Includes an outdoor bathroom and an outdoor living space with a fireplace; Second story completed in 2025 with additional living space
