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    16601 40Th St Phoenix, AZ 85032

    For Lease
    $17 SF/Yr

    Prime Phoenix medical suites available

    Lot size:
    41,979 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    369
    This exceptional two-story medical office building, located at 16601 N 40th St, Phoenix, AZ 85032, offers 41,979 square feet of prime medical office space. The building boasts a multi-tenant configuration, providing flexibility for various medical practices. Currently, there are five available suites ranging in size from a comfortable 1,013 square feet to a spacious 2,779 square feet, perfect for expanding or relocating medical businesses. Its strategic location offers unparalleled convenience and accessibility. The property enjoys close proximity to the Abrazo Scottsdale Hospital Campus, ensuring a strong patient referral network and convenient access for medical professionals. Furthermore, the building is within walking distance of a variety of restaurants and retail amenities, providing convenience for both staff and patients. Easy access to the 51 Freeway ensures seamless commutes for patients and employees alike. This property presents a unique opportunity to establish or expand a medical practice in a thriving and highly accessible location within the Phoenix metropolitan area. The building's size and layout offer a versatile solution for various medical specialties. Don't miss this chance to secure your ideal medical office space in a highly desirable area.

    Property Features for 16601 40Th St

    General Information

    Property type
    Medical offices
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    41,979 SF
    Total Rate
    59470.25

    Unit(s) available at that property

    Space
    Suite 101
    Size
    2,779 SF
    Rate per SF
    $17
    Space
    Suite 220
    Size
    1,013 SF
    Rate per SF
    $17
    Space
    Suite 115
    Size
    2,643 SF
    Rate per SF
    $17
    Space
    Suite 210
    Size
    1,310 SF
    Rate per SF
    $17
    Space
    Suite 222
    Size
    1,081 SF
    Rate per SF
    $17

    HighLights

    • Ample on‑site parking.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Valley Surgical Clinics Surgical Center Valley Surgical Clinics: ... Surgeon Southwest Vein & Laser ... Medical Clinic Ace Ovil Surgical Center Mr. Perry Cooper Acupuncturist

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Phoenix
    County
    Maricopa
    State
    Arizona
    Longitude
    -111.9953324
    Latitude
    33.6376611

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    FAQs

    What type of property is this?
    Medical office - Prime Phoenix medical suites available
    Where is this medical office located?
    The property is located at 16601 40Th St Phoenix, AZ.
    What is the lease rate?
    The lease rate is $17 SF/Yr.
    What are key features of this property?
    This property features: Ample on-site parking.; ;
    Request Owner's contact information
    16601 40Th St Phoenix, AZ 85032
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    Phoenix, AZ 85032
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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
    16601 40Th St Phoenix, AZ 85032
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