Two-Story Office
F-7220 N 16th Street Phoenix, AZ 85020
F-7220 N 16th Street, Phoenix, AZ, 85020
$650,000
For Sale
$650,000
Two-story office unit with eight private offices, conference room, reception, break room, storage, and two restrooms.
Property Size2,618 SF
Price / SF$248.28
Days on Market30
Property Features for F-7220 N 16th Street
General Information
- Standard status
- Active
- Size
- 2,618 SF
Listing Agency
R.O.I. Properties
(602) 319-1326
Listed by
Beth Jo Zeitzer · License #BR044331000
(602) 319-1326
Source
Exprealty
Added: Jun 19 Checked: Jul 18 at 2:40 am
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 R.O.I. Properties
Investment Insights
Based on property information with market context.
This two-story office condominium offers a functional interior layout designed for day-to-day office operations. The space includes eight private offices, a spacious conference room, a reception area, a break room, storage space, and two restrooms, including one restroom with a shower.
Located within an established office complex near 16th Street and Glendale Avenue, the property provides convenient access to SR-51, the Camelback Corridor, and Downtown Phoenix.
The configuration supports both individual workspaces and meeting needs, with dedicated common areas for receiving visitors and handling break-time functions.
Located within an established office complex near 16th Street and Glendale Avenue, the property provides convenient access to SR-51, the Camelback Corridor, and Downtown Phoenix.
The configuration supports both individual workspaces and meeting needs, with dedicated common areas for receiving visitors and handling break-time functions.
Key Highlights
- 2,618 SF two‑story office condominium offered at $650,000
- Layout includes eight private offices plus a spacious conference room and reception area
- Break room, storage space, and two restrooms (one restroom includes a shower)
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 |
2,618 SF · lease $30.72/SF/yr · vacancy 25.70% · expense 25.00%
Alternative Uses
Best Use
Office B
$640.2K
$560.2K – $747.0K
NOI $44,817 @ 7.0% cap · market cap 6.89%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$793.0K
$693.9K – $925.2K
NOI $55,511 @ 7.0% cap · market cap 8.54%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Office Units
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FAQs
What type of property is this?
Office units - Two-story office unit with eight private offices, conference room, reception, break room, storage, and two restrooms.
Where is this office units located?
The property is located at F-7220 N 16th Street Phoenix, AZ.
What is the asking price?
The asking price for this property is $650,000.
What are key features of this property?
This property features: 2,618 SF two‑story office condominium offered at $650,000; Layout includes eight private offices plus a spacious conference room and reception area; Break room, storage space, and two restrooms (one restroom includes a shower)
