Office Unit with Private
For Sale
Contact for pricing
21825 N 16th St Unit A6, Phoenix, AZ 85024
East-facing workspace includes a dedicated bathroom and may be included alongside a shop and warehouse.
Property Size7,850 SF
Price / SF$0.11
Days on Market71
Property Features for 21825 N 16th St Unit A6
General Information
Standard status
Active
Size
7,850 SF
Site & Location
Neighborhood
Paradise Valley
Amenities
private bathroom
Building Details
Year Built
1995
Listing Agency:
Epique Realty
Listed By:
Paul Mosley · License #SA672232000
(928) 208-8129
Source:
Searchallarizonahouses
Added: Aug 19
Changed: Oct 25
Last Checked: Oct 28 at 8:38AM
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 Epique Realty
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Investment Insights
Based on property information with market context.
Located at 21825 N 16th St Unit A6 in Phoenix, this office unit provides 630 square feet of space with an east-facing orientation and a private bathroom. The office may also be included with a shop and warehouse, allowing the offering to combine office space with additional commercial facilities. The building was constructed in 1995.
Key Highlights
- 630 square feet of office space
- Private bathroom
- East‑facing office orientation
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$134,382
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,687,640
$2.7M
Cap Rate 7%
$1,919,743
$1.9M
Cap Rate 9%
$1,493,133
$1.5M
Market Conditions
NOI Build-Up for 7,850 SF
Gross rent
$241.2K $30.72/SF
− Vacancy
−$62.0K −$7.90/SF
EGI
$179.2K $22.82/SF
− OpEx
−$44.8K −$5.71/SF
NOI
$134.4K $17.12/SF
Area
Phoenix, AZ
Vacancy
25.70%
Lease Rate
$30.72 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,687,640
Cap Rate 7%
$1,919,743
Cap Rate 9%
$1,493,133
Alternative Uses
Best Use
Office B
$1.92M
$1.68M – $2.24M
NOI $134,382 @ 7.0% cap · market cap 15,809.65%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.38M
$2.08M – $2.77M
NOI $166,448 @ 7.0% cap · market cap 19,582.12%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
230
Businesses Nearby
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Business Placement
Demographics for 85024, AZ
26,021
Population
11,032
Households
2.4
Avg Household Size
37
Median Age
45%
College-Educated
93%
High-School Grad
11.7 sq mi
ZIP Area
2,224
Density / Sq Mi
$97,759
Median Household Income
$52,441
Median Earnings
$1,813
Median Rent
$430,400
Median Home Value
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Market
Vacancy Rate% for Office in Phoenix, AZ
Frequently Asked Questions
What type of property is this?
Office unit - East-facing workspace includes a dedicated bathroom and may be included alongside a shop and warehouse.
Where is this office unit located?
The property is located at 21825 N 16th St Unit A6 Phoenix, AZ.
What are key features of this property?
This property features: 630 square feet of office space; Private bathroom; East‑facing office orientation
