Remodeled Office
7220 N 16TH Street G, Phoenix, AZ 85020
Turnkey office condo with private offices, reception, conference room, and an updated break room in move-in ready condition.
Type:Commercial/Industrial
Property size:
2,238 SFPrice / SF:
$306/SF- Added:
- May 31, 2026
- Days on Market:
- 39
- Last Refresh:
- Jul 5 at 3:15 am
Property Features for 7220 N 16TH Street G
General Information
- Standard status
- Active
- Size
- 2,238 SF
- Property subtype
- Commercial/Industrial
Building Details
- Year Built
- 1982
Listing office Platinum Realty Network (480) 326-6521
Listing date May 31, 2026
Source Exitrealty
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 Platinum Realty Network
HighLights
- 1982‑built office condominium remodeled with updated finishes throughout and move‑in ready condition
- Layout includes 7 private offices plus a welcoming reception area with waiting space
- Features a spacious conference room for meetings and presentations
- Includes a fully equipped break room/kitchenette with modern lighting, flooring, and fixtures
- Parking: two first‑level parking garage spaces and covered parking on the top deck in a two‑story structure, plus additional lot parking
- On‑site building access to a walking/jogging path with the building adjacent to the canal
Overview
This completely remodeled office condominium is designed for day-to-day productivity and client-facing professionalism. The interior includes seven private offices, a welcoming reception area with waiting space, and a spacious conference room for meetings and presentations. A fully equipped break room/kitchenette supports day-to-day operations, while updated finishes throughout include modern lighting, flooring, and fixtures. The floor plan is described as efficient and professional, offering a balance of private workspaces and collaborative space, and the property is presented as move-in ready.
Access and parking are supported by two first-level parking garage spaces plus a two-story parking structure with covered parking on the top deck. The property also notes plenty of parking lot parking available. The building is adjacent to the canal, with immediate access to the walking/jogging path, and it is positioned for convenient regional access including proximity to the 51 and about 10 minutes to the airport and downtown. Additional shopping and services are indicated within walking distance, including Sprouts and UPS, along with nearby restaurants.
The layout and turnkey condition make this office condo a practical fit for owner-users needing multiple private offices and a conference setting, as well as for investors seeking an income-producing office asset. The mix of dedicated rooms and updated common functionality supports professional services, medical, consulting, insurance, real estate, and corporate office use, based on the seller’s described tenant and user alignment.
Access and parking are supported by two first-level parking garage spaces plus a two-story parking structure with covered parking on the top deck. The property also notes plenty of parking lot parking available. The building is adjacent to the canal, with immediate access to the walking/jogging path, and it is positioned for convenient regional access including proximity to the 51 and about 10 minutes to the airport and downtown. Additional shopping and services are indicated within walking distance, including Sprouts and UPS, along with nearby restaurants.
The layout and turnkey condition make this office condo a practical fit for owner-users needing multiple private offices and a conference setting, as well as for investors seeking an income-producing office asset. The mix of dedicated rooms and updated common functionality supports professional services, medical, consulting, insurance, real estate, and corporate office use, based on the seller’s described tenant and user alignment.
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 | $68.8k | $30.72 |
| − Vacancy | −$17.7k | −$7.90 |
| EGI | $51.1k | $22.82 |
| − OpEx | −$12.8k | −$5.71 |
| NOI | $38.3k | $17.12 |
2,238 SF · lease $30.72/SF/yr · vacancy 25.70% · expense 25.00%
Alternative Uses
Best Use
Office B
$547.3K
$478.9K – $638.5K
NOI $38,312 @ 7.0% cap · market cap 5.59%
Second Best
Healthcare Medical
$455.8K
$398.8K – $531.8K
NOI $31,905 @ 7.0% cap · market cap 4.66%
Theoretical Best
Office A
$677.9K
$593.2K – $790.9K
NOI $47,454 @ 7.0% cap · market cap 6.93%
Zoning and permitted uses should be independently verified with local authorities.
Location Intelligence
Current Use by Public Records
Beyondmotion
Film Production
Yee Brian w ...
Physician
Urim Recovery Center
Psychotherapist
Taubman & Associates
Law Firm
Morse Law Group
Law Firm
Location Insight
- Map
- Local Demand
- City
- Phoenix
- County
- Maricopa
- State
- Arizona
- Longitude
- -112.0480505
- Latitude
- 33.5426412
Nearby Similar for Sale
FAQs
What type of property is this?
Office units - Turnkey office condo with private offices, reception, conference room, and an updated break room in move-in ready condition.
Where is this office units located?
The property is located at 7220 N 16TH Street G Phoenix, AZ.
What is the asking price?
The asking price for this property is $685,000.
What are key features of this property?
This property features: 1982‑built office condominium remodeled with updated finishes throughout and move‑in ready condition; Layout includes 7 private offices plus a welcoming reception area with waiting space; Features a spacious conference room for meetings and presentations
