Downtown Office
2701 N 16TH Street 211 Phoenix, AZ 85006
2701 N 16TH Street 211, Phoenix, AZ, 85006
$250,000
For Sale
$250,000
Bright office suite with large windows, high-speed internet, and a flexible layout in a downtown setting.
Property Size907 SF
Price / SF$275.63
Days on Market400
Property Features for 2701 N 16TH Street 211
General Information
- Standard status
- Active
- Size
- 907 SF
- Property subtype
- Commercial/Industrial
Building Details
- Year Built
- 1982
Listing agency
Desert River Realty
(602) 380-7880
Listed by
Lethe Lew · License #BR569884000
(602) 380-7880
Source
Exitrealty
Added: Jun 18, 2025 Updated: Jul 20 at 8:26PM Checked: Jul 21 at 6:17AM
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
Investment Insights
Based on property information with market context.
Located in the heart of downtown, this bright and spacious office suite is designed for everyday professional use. The space includes large windows that provide natural light, high-speed internet access, and flexible layout options to accommodate different business needs.
The property is offered for sale at 2701 N 16TH Street, Suite 211, in Phoenix, AZ 85006.
With its windowed work areas and adaptable interior layout, the suite is a practical option for tenants seeking a turnkey, office-ready environment.
The property is offered for sale at 2701 N 16TH Street, Suite 211, in Phoenix, AZ 85006.
With its windowed work areas and adaptable interior layout, the suite is a practical option for tenants seeking a turnkey, office-ready environment.
Key Highlights
- Office built in 1982
- Bright suite with large windows for natural light
- High‑speed internet access available
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 | $27.9k | $30.72 |
| − Vacancy | −$7.2k | −$7.90 |
| EGI | $20.7k | $22.82 |
| − OpEx | −$5.2k | −$5.71 |
| NOI | $15.5k | $17.12 |
907 SF · lease $30.72/SF/yr · vacancy 25.70% · expense 25.00%
Alternative Uses
Best Use
Office B
$221.8K
$194.1K – $258.8K
NOI $15,527 @ 7.0% cap · market cap 6.21%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$274.7K
$240.4K – $320.5K
NOI $19,232 @ 7.0% cap · market cap 7.69%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Advanced Pain Management
Physician
Patricia Hart
Counselor
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Church
Accident Doctor Group
Medical Group
Injury Chiropractic
Alternative Medicine Practice
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FAQs
What type of property is this?
Office units - Bright office suite with large windows, high-speed internet, and a flexible layout in a downtown setting.
Where is this office units located?
The property is located at 2701 N 16TH Street 211 Phoenix, AZ.
What is the asking price?
The asking price for this property is $250,000.
What are key features of this property?
This property features: Office built in 1982; Bright suite with large windows for natural light; High‑speed internet access available
