Office Unit with Natural
For Sale
$225,000
2701 N 16th St Unit 211, Phoenix, AZ 85006
Flexible office workspace with large windows, natural light, and high-speed internet access.
Property Size907 SF
Price / SF$248.07
Days on Market501
Property Features for 2701 N 16th St Unit 211
General Information
Standard status
Active
Size
907 SF
Property subtype
Commercial
Site & Location
Neighborhood
Encanto
Amenities
high-speed internet access
Building Details
Year Built
1982
Listing Agency:
Desert River Realty
Listed By:
Lethe Lew · License #BR569884000
(602) 380-7880
Source:
Myphoenixhomesource
Added: Jun 15, 2025
Changed: Oct 25
Last Checked: Oct 28 at 8:59AM
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 Desert River Realty
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Investment Insights
Based on property information with market context.
This 907 SF office unit combines a bright interior with a practical layout that can be adapted to different business configurations. Large windows bring in natural light, while high-speed internet access supports day-to-day office operations. The property was built in 1982 and is identified as Unit 211 within the building.
Located at 2701 N 16th St in downtown Phoenix, the office offers a central setting for businesses seeking a professional workspace. Its flexible configuration provides room to organize offices, workstations, or meeting areas according to operational needs.
Located at 2701 N 16th St in downtown Phoenix, the office offers a central setting for businesses seeking a professional workspace. Its flexible configuration provides room to organize offices, workstations, or meeting areas according to operational needs.
Key Highlights
- 907 SF office unit
- Large windows provide natural light
- Flexible layout options
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$15,527
Cap Rate
6.90%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$310,540
$310.5K
Cap Rate 7%
$221,814
$221.8K
Cap Rate 9%
$172,522
$172.5K
Market Conditions
NOI Build-Up for 907 SF
Gross rent
$27.9K $30.72/SF
− Vacancy
−$7.2K −$7.90/SF
EGI
$20.7K $22.82/SF
− OpEx
−$5.2K −$5.71/SF
NOI
$15.5K $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%
$310,540
Cap Rate 7%
$221,814
Cap Rate 9%
$172,522
Alternative Uses
Best Use
Office B
$221.8K
$194.1K – $258.8K
NOI $15,527 @ 7.0% cap · market cap 6.90%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$274.7K
$240.4K – $320.5K
NOI $19,232 @ 7.0% cap · market cap 8.55%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
1,769
Businesses Nearby
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Business Placement
Demographics for 85006, AZ
23,797
Population
10,607
Households
2.2
Avg Household Size
34
Median Age
27%
College-Educated
78%
High-School Grad
4.0 sq mi
ZIP Area
5,949
Density / Sq Mi
$60,742
Median Household Income
$39,899
Median Earnings
$1,168
Median Rent
$376,600
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 - Flexible office workspace with large windows, natural light, and high-speed internet access.
Where is this office unit located?
The property is located at 2701 N 16th St Unit 211 Phoenix, AZ.
What is the asking price?
The asking price for this property is $225,000.
What are key features of this property?
This property features: 907 SF office unit; Large windows provide natural light; Flexible layout options
