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Leased Medical Office Investment

16841 N 31st Ave, Phoenix, AZ

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For Sale

Contact for pricing

Fully leased medical office building with stable income.

Type:OFFICE

Property size:

1,381 SF

Lot size:

0.12 Acres

Price / SF:

$248/SF

Contact for Pricing

Please call us for current price
and status of this listing

Matt Zaccardi

Real Estate License ID: AZ SA584155000

HighLights

100% leased to Caring Presence Home Care, a premier Arizona‑based healthcare provider with a 37‑year operating history.
Secure, in‑place cash flow from day one.
6.00% capitalization rate based on the 2026 Net Operating Income of $20,556.10.
Tenant operates in the recession‑resistant healthcare sector.
Property remodeled in 2021, ensuring minimal future capital expenditure.
Offered at $342,601.67 ($248.08/SF).

For Sale

Contact for pricing

Fully leased medical office building with stable income.

Type:OFFICE

Property size:

1,381 SF

Lot size:

0.12 Acres

Price / SF:

$248/SF

Added:: Oct 29, 2025
Days on Market:: 226
Last Refresh:: May 19 at 10:04 pm

Property Features for 16841 N 31st Ave

General Information

Standard status: Active
Size: 1,381 SF
Lot size: 0.12 Acres
Property subtype: OFFICE

We can help!

Listing Contact

Matt Zaccardi

Listing agent Matt Zaccardi License #AZ SA584155000

Listing office Commercial Properties Inc

Listing date Oct 29, 2025

Source Moodyscre

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

HighLights

100% leased to Caring Presence Home Care, a premier Arizona‑based healthcare provider with a 37‑year operating history.
Secure, in‑place cash flow from day one.
6.00% capitalization rate based on the 2026 Net Operating Income of $20,556.10.
Tenant operates in the recession‑resistant healthcare sector.
Property remodeled in 2021, ensuring minimal future capital expenditure.
Offered at $342,601.67 ($248.08/SF).

Overview

This property is fully leased to Caring Presence Home Care, an Arizona-based healthcare provider with 37 years of operating history. The tenant operates under a 60-month, Modified Gross (MG) lease, providing in-place cash flow. Caring Presence is described as a top-tier operator in the healthcare sector. The investment provides a 6.00% capitalization rate based on the 2026 Net Operating Income of $20,556.10. Offered at $342,601.67 ($248.08/SF), the property features a functional layout that was remodeled in 2021.

Local Financial Insights For Office B

Simulate Cap Rate and NOI

NOI Build-Up

Component	$	$/SF
Gross rent	$42.4k	$30.72
− Vacancy	−$10.9k	−$7.90
EGI	$31.5k	$22.82
− OpEx	−$7.9k	−$5.71
NOI	$23.6k	$17.12

1,381 SF · lease $30.72/SF/yr · vacancy 25.70% · expense 25.00%

Alternative Uses

Best Use

Office B

$337.7K

$295.5K – $394.0K (±1% cap)

NOI $23,641 @ 7.0% cap · market cap 6.90%

Second Best

Healthcare Medical

$281.3K

$246.1K – $328.1K (±1% cap)

NOI $19,688 @ 7.0% cap · market cap 5.75%

Theoretical Best

Office A

$418.3K

$366.0K – $488.0K (±1% cap)

NOI $29,282 @ 7.0% cap · market cap 8.55%

Zoning and permitted uses should be independently verified with local authorities.

Property Profile Location Intelligence

Current Use by Public Records

Dr. Paul Owens Dental Office Dr. James S. ... Dental Office Agave Foot Specialists Physician Arizona Chapter National ... Charitable Organization HealthyU Clinics Medical Clinic

Suggested Use

Similar Places Nearby

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Dr. Greta Heinemann — 3539 W Bell Rd #4, Phoenix, AZ 85053

Location Insight

Map
Local Demand

City: Phoenix
County: Maricopa
State: Arizona
Longitude: -112.124
Latitude: 33.6384

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What type of property is this?

Medical Office Space - Fully leased medical office building with stable income.

Where is this medical office space located?

The property is located at 16841 N 31st Ave Phoenix, AZ.

What is the asking price?

The asking price for this property is $342,601.

What are key features of this property?

This property features: 100% leased to Caring Presence Home Care, a premier Arizona‑based healthcare provider with a 37‑year operating history.; Secure, in‑place cash flow from day one.; 6.00% capitalization rate based on the 2026 Net Operating Income of $20,556.10.

16841 N 31st Ave, Phoenix, AZ

Fully leased medical office building with stable income.

Property Features for 16841 N 31st Ave

General Information

We can help!

HighLights

Overview

Local Financial Insights For Office B

Simulate Cap Rate and NOI

Alternative Uses

Current Use by Public Records

Suggested Use

Similar Places Nearby

Location Insight

Nearby Similar for Sale

Phoenix Behavioral Health Center

Phoenix Assisted Living Investment Property

Turnkey Phoenix Short-Term Rental

Side-by-Side 2025 Duplexes

Multifamily Property with Three Buildings

Phoenix Duplex with Rental Potential

Cash Flowing Phoenix Fourplex

Phoenix Multifamily Investment Opportunity

Phoenix Multifamily Investment Opportunity

New Duplex Near Downtown Phoenix

Turnkey Phoenix Duplex Investment

Renovated Triplex with Side Yard

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