Listing Agency: Keller Williams Realty Sonoran Living Show Phone

Listed By: Kassandra Noriega Show Phone

Source: Exprealty

Added: May 7 Changed: Aug 20 Last Checked: Aug 22 at 12:35PM

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Investment Insights

Based on property information with market context.

This standalone commercial building is located in central Phoenix and offers exposure on 16th Street. The property features a versatile layout including a kitchen, two restrooms, and more than three private offices. On-site parking is available. The property is suitable for office, medical, beauty, or specialty retail businesses. The building provides access to major freeways, downtown Phoenix, and nearby medical corridors. The property size is 1650 square feet.

Key Highlights

• Prime central Phoenix location with strong 16th St exposure
• Versatile layout suitable for office, medical, beauty, or retail
• Includes a kitchen, two restrooms, and 3+ private offices

Property Analytics

Property Profile

Current Use

Come Back to Life Alternative Medicine Practice Attar Emporium's Organic ... Cosmetic Store Cocina la Negra Restaurant Jazzlyn's Kitchen Restaurant

Suggested Use

Top Pick HVAC Service Catering Service Electrical Service Food Market Veterinary Clinic (Bike/Boat/Book/etc) Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

NNN (Triple Net)

Lease Type

$2.07 /SF/Yr

CAM

Location Intelligence

Trade Area within ½ mile

2,388

Businesses Nearby

Explore this area Business Placement

Demographics for 85016, AZ

37,326

Population

21,363

Households

1.7

Avg Household Size

38

Median Age

50%

College-Educated

94%

High-School Grad

8.2 sq mi

ZIP Area

4,552

Density / Sq Mi

$85,085

Median Household Income

$53,781

Median Earnings

$1,575

Median Rent

$508,400

Median Home Value

Market

Lease Benchmarks for Phoenix, AZ

$18.83 /SF/Yr

Avg Asking Price

$1.86–$45 /SF/Yr

Price Range

8,467 SF

Avg Space Size

This space is priced 27% below the average of $18.83 /SF/Yr.

Vacancy Rate% for Office in Phoenix, AZ

14.4% 2019

19.3% 2020

21.7% 2021

24.3% 2022

27.4% 2023

28.5% 2024

26.5% 2025

Questions? Ask Rey

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What type of property is this? Where is this office units located? What is the lease rate? Find similar properties ... What are key features of this property?

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Frequently Asked Questions

What type of property is this?

Office units - Standalone commercial building with versatile layout in high-demand area.

Where is this office units located?

The property is located at 4401 N 16th St Phoenix, AZ.

What is the lease rate?

The lease rate is $1,900/Mo.

What are key features of this property?

This property features: Prime central Phoenix location with strong 16th St exposure; Versatile layout suitable for office, medical, beauty, or retail; Includes a kitchen, two restrooms, and 3+ private offices