24820 16Th Ave Phoenix, AZ 85085
This exceptional Phoenix industrial flex condo at 24820 N 16th Ave, 85085, presents a unique owner-user opportunity. Boasting 4,558 square feet, this Class B building, constructed in 2004, offers a versatile layout ideal for a variety of businesses. The space is currently configured as 90% office and 10% warehouse, featuring an 18-foot clear height ceiling, ample power (400 amps, 3-phase), and two grade-level doors. A significant advantage is the inclusion of a private yard enclosed by an 8-foot block wall, a rare find in this market. Adding to its appeal is a currently leased 1,036 square foot portion generating $800 per month in gross income on a month-to-month basis. The property is zoned CP-GCP, providing flexibility for various uses. The asking price is $1,425,000. This property offers a blend of immediate income and long-term owner-occupancy potential, making it an attractive investment in a thriving Phoenix location. Access to common truckwells adds further convenience.
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Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.