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    21825 16Th St Phoenix, AZ 85024

    Sponsored
    For Sale
    $3,000,000

    Phoenix Flex Space, Great ROI

    Property size:
    8,000 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional Phoenix industrial property, located at 21825 N 16th St, 85024, offers a compelling investment opportunity. The 2.5-acre lot encompasses two buildings totaling 8,000 square feet of versatile flex space, ideal for manufacturing or warehouse use. The property features a 10-foot ceiling height and is zoned A-1. Built in 1995, the Class B complex includes 14 units, offering diversified rental income streams. Six separate yards provide ample outdoor storage. The property boasts a strong NOI of $162,000, resulting in a 5.40% cap rate. The asking price is $3,000,000, translating to $375 per square foot and $27.57 per square foot for the land. Previous use as a custom cabinet shop highlights the space's adaptability. The property includes air-conditioned offices and evaporative coolers in the shop area, along with a phase converter. The convenient location offers easy freeway access and proximity to Deer Valley, north of the 101 freeway, east of 7th Street, and west of Cave Creek Road. Owner financing is available with a 10% down payment, a 7% interest rate for up to a 30-year term, and a 7-year prepayment period with decreasing interest rates. This fee-simple ownership presents a rare opportunity for owner-users or investors seeking a strong return. The property's multi-tenant structure provides a diversified income stream, further enhancing its investment appeal.

    Property Features for 21825 16Th St

    General Information

    Property type
    Distribution properties
    Square Feet
    8,000 SF
    Class
    B

    Building Details

    Year Built
    1995
    Buildings
    2
    Stories
    2
    Units
    14

    HighLights

    • Exceptional Phoenix industrial investment opportunity at 21825 N 16th St, 85024.
    • 8,000 SF flex space on a 2.5‑acre lot, zoned A‑1.
    • 14 units offering diversified rental income; strong NOI of $162,000 and a 5.4% cap rate.
    • $3,000,000 asking price ($375/SF, $27.57/land SF); owner financing available with 10% down, 7% interest (30‑year term, 7‑year prepayment period with decreasing interest rates).
    Property Profile Location Intelligence

    Current Use by Public Records

    Orion Pools and Spas Swimming Pool Contractor Handcrafted Cabinet & Furniture ... Cabinet Store El Tapatio Envios Money Transfer Service Envirofab Inc Metal Fabricator Shine ALL (Pressure ... Cleaning Service

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Phoenix
    County
    Maricopa
    State
    Arizona
    Longitude
    -112.0445416
    Latitude
    33.6847539

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    FAQs

    What type of property is this?
    Distribution property - Phoenix Flex Space, Great ROI
    Where is this distribution property located?
    The property is located at 21825 16Th St Phoenix, AZ.
    What is the asking price?
    The asking price for this property is $3,000,000.
    What are key features of this property?
    This property features: Exceptional Phoenix industrial investment opportunity at 21825 N 16th St, 85024.; 8,000 SF flex space on a 2.5-acre lot, zoned A-1.; 14 units offering diversified rental income; strong NOI of $162,000 and a 5.4% cap rate.
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    21825 16Th St Phoenix, AZ 85024
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    Phoenix, AZ 85024
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    21825 16Th St Phoenix, AZ 85024
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