Remodeled Office Condominium
G-7220 N 16th St Phoenix, AZ 85034
G-7220 N 16th St, Phoenix, AZ, 85034
$685,000
For Sale
$685,000
Completely remodeled office suite with seven private offices, reception area, conference room, and break room.
Property Size2,238 SF
Price / SF$306.08
Days on Market50
Property Features for G-7220 N 16th St
General Information
- Standard status
- Active
- Size
- 2,238 SF
Listing Agency
Platinum Realty Network
(480) 326-6521
Listed by
Pete Baldwin · License #BR537748000
(480) 326-6521
Source
Exprealty
Added: May 30 Checked: Jul 18 at 3:22 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 Platinum Realty Network
Investment Insights
Based on property information with market context.
This completely remodeled office condominium is move-in ready and designed with a functional, professional layout. The suite includes seven private offices, a welcoming reception area with waiting space, a spacious conference room, and a fully equipped break room/kitchenette. Updated finishes throughout feature modern lighting, flooring, and fixtures.
The building offers two first-level parking garage spaces and a two-story parking structure with covered parking on the top deck, along with plenty of additional lot parking. The property is adjacent to a canal with immediate access to the walking/jogging path.
The suite is suited for owner-users and also offers an office configuration that can support a range of professional needs.
The building offers two first-level parking garage spaces and a two-story parking structure with covered parking on the top deck, along with plenty of additional lot parking. The property is adjacent to a canal with immediate access to the walking/jogging path.
The suite is suited for owner-users and also offers an office configuration that can support a range of professional needs.
Key Highlights
- Completely remodeled office condominium/suite with 7 private offices, reception area with waiting space, and a spacious conference room
- Fully equipped break room/kitchenette plus updated finishes throughout, including modern lighting, flooring, and fixtures
- Efficient, professional floor plan designed for both private workspaces and collaborative areas
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.
Property Analytics
Location Intelligence
Current Use by Public Records
Office Units
Similar For Sale Nearby
FAQs
What type of property is this?
Office units - Completely remodeled office suite with seven private offices, reception area, conference room, and break room.
Where is this office units located?
The property is located at G-7220 N 16th St 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: Completely remodeled office condominium/suite with 7 private offices, reception area with waiting space, and a spacious conference room; Fully equipped break room/kitchenette plus updated finishes throughout, including modern lighting, flooring, and fixtures; Efficient, professional floor plan designed for both private workspaces and collaborative areas
