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Ground-Floor Office Unit
For Lease
$1,878/Mo

5320 N 16th Street #205, Phoenix, AZ 85016

Downstairs office suite with a layout that can be adjusted to suit operational requirements.

Space SizeContact for details
Property Size1,503 SF
Days on Market443

Property Features for 5320 N 16th Street #205

General Information

Standard status Active
Size 1,503 SF
Zoning C-2

Taxes and HOA fees

Annual Taxes $24,397

Building Details

Building Size 1,503 SF
Year Built 1975
Buildings 1
Listing Agency: Wrangler Real Estate
Listed By: Timothy W Schutt · License #BR567000000
Source: Sunhaven-realestate
Added: Jun 14, 2025 Changed: Aug 29 Last Checked: Aug 25 at 4:16AM

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 Wrangler Real Estate

Investment Insights

Based on property information with market context.

This 1,503-square-foot office unit is located on the ground floor of a 1975-built property. The suite can be reconfigured to suit different operational requirements, providing flexibility for an office user seeking a practical workspace.

The property sits just off SR-51 and Camelback in an area that has experienced new development and added business activity. Suite sizes at the property range from 905 square feet to 2,016 square feet, offering additional scale options within the same office setting.

Key Highlights

  • 1,503 SF ground‑floor office unit
  • Layout can be adjusted to suit
  • Just off SR‑51 and Camelback

Property Analytics

Current Use

Selmi Mc Phee ... Physician Conner Chiropractic Center Alternative Medicine Practice Maria Salajan Physician Opulent Real Estate ... Property Management Company

Suggested Use

Top Pick (Bike/Boat/Book/etc) Store Electrical Service Garden Center Grocery & Convenience Store HVAC Service Food Market

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

Location Intelligence

Trade Area within ½ mile

1,857
Businesses Nearby

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

$18.36 /SF/Yr
Avg Asking Price
$1.16–$47 /SF/Yr
Price Range
9,305 SF
Avg Space Size

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
Rey
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Frequently Asked Questions

What type of property is this?
Office units - Downstairs office suite with a layout that can be adjusted to suit operational requirements.
Where is this office units located?
The property is located at 5320 N 16th Street #205 Phoenix, AZ.
What is the lease rate?
The lease rate is $1,878/Mo.
What are key features of this property?
This property features: 1,503 SF ground‑floor office unit; Layout can be adjusted to suit; Just off SR‑51 and Camelback
More about this property
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