7220 North 16th Street Suite F, Phoenix, AZ 85020
Two-story condo office suite with private offices, conference space, and covered parking within an established complex.
- Added:
- Jun 19, 2026
- Days on Market:
- 9
- Last Refresh:
- Jun 24 at 2:44 am
Property Features for 7220 North 16th Street Suite F
General Information
- Standard status
- Active
- Size
- 2,618 SF
- Property subtype
- Office
Building Details
- Year Built
- 1982
Listing office R.O.I. Properties (602) 319-1326
Listing date Jun 19, 2026
Source Crexi
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All listing content including descriptions, pricing, images are the copyrighted material of R.O.I. Properties
HighLights
- 2,618 SF two‑story office condominium built in 1982
- Includes eight private offices plus a spacious conference room and reception area
- Break room, storage space, and two restrooms including one with a shower
- Located within an established office complex near 16th Street and Glendale Avenue
- Covered parking plus ample additional parking
- Convenient access to SR‑51, the Camelback Corridor, and Downtown Phoenix
Overview
The property is located within an established office complex near 16th Street and Glendale Avenue. It provides convenient access to SR-51, the Camelback Corridor, and Downtown Phoenix. Covered parking is available, along with ample additional parking, and the location is near the Arizona Canal Trail.
For tenant-operators and buyers seeking to own space, the configuration supports a range of professional uses. The private office mix and dedicated reception and conference area make it well-suited for law firms, accounting and consulting practices, medical users, and other professional service businesses that value an office environment they can control long term.
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 | $80.4k | $30.72 |
| − Vacancy | −$20.7k | −$7.90 |
| EGI | $59.8k | $22.82 |
| − OpEx | −$14.9k | −$5.71 |
| NOI | $44.8k | $17.12 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Phoenix
- County
- Maricopa
- State
- Arizona
- Longitude
- -112.0480505
- Latitude
- 33.5426412
