Turnkey Bakery with Extensive
1915 N 16th St Phoenix, AZ
For Sale
Contact for pricing
Bakery with ovens, freezer, refrigerator, and immediate highway access.
Property Size4,340 SF
Lot Size0.14 Acres
Price / SF$229.26
Days on Market657
Property Features for 1915 N 16th St
General Information
- Standard status
- Active
- Size
- 4,340 SF
- Lot size
- 0.14 Acres
- Property subtype
- OFFICE
Listing Agency:
LevRose Commercial Real Estate
(480) 628-4753
Listed By:
Joe Cosgrove · License #SA649531000
(480) 628-4753
Source:
Moodyscre
Added: Oct 9, 2024
Changed: Jul 6
Last Checked: Jul 21 at 3:06AM
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 LevRose Commercial Real Estate
Investment Insights
Based on property information with market context.
This 4,340 square foot property is a turnkey bakery ready for immediate occupancy. It is equipped with ovens, a walk-in freezer, and a refrigerator. The property includes storage racks and a roll-up door, making it suitable for distribution purposes. Extensive bakery FF&E is included in the sale. The location provides immediate access to I-10 and SR-51.
Key Highlights
- Turnkey Bakery: Ready for immediate occupancy
- Extensive Bakery FF&E Included: Significant value with included fixtures, furniture, and equipment
- Convenient Location: Immediate access to I‑10 & SR‑51 highways
Financial Insights For Specialty Retail
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 | $93.7k | $21.60 |
| − Vacancy | −$7.5k | −$1.73 |
| EGI | $86.2k | $19.87 |
| − OpEx | −$21.6k | −$4.97 |
| NOI | $64.7k | $14.90 |
4,340 SF · lease $21.60/SF/yr · vacancy 8.00% · expense 25.00%
Alternative Uses
Best Use
Specialty Retail
$924.0K
$808.5K – $1.08M
NOI $64,683 @ 7.0% cap · market cap 6.50%
Second Best
Retail
$700.7K
$613.2K – $817.5K
NOI $49,052 @ 7.0% cap · market cap 4.93%
Theoretical Best
Office A
$1.31M
$1.15M – $1.53M
NOI $92,024 @ 7.0% cap · market cap 9.25%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Commercial kitchens
FAQs
What type of property is this?
Commercial kitchen - Bakery with ovens, freezer, refrigerator, and immediate highway access.
Where is this commercial kitchen located?
The property is located at 1915 N 16th St Phoenix, AZ.
What is the asking price?
The asking price for this property is $995,000.
What are key features of this property?
This property features: Turnkey Bakery: Ready for immediate occupancy; Extensive Bakery FF&E Included: Significant value with included fixtures, furniture, and equipment; Convenient Location: Immediate access to I‑10 & SR‑51 highways
