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Property profile & analytics
OFF-MARKET
Warehouses

24820 16Th Ave Phoenix, AZ 85085

4,558 SF Built 2004
Property ID
Property summary
AI-generated overview

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.

Property profile
Verified
Property type Warehouses
Year built 2004
Total area 4,558 SF
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • The Cave Hype Barber Shop
  • Hair Couture Studio Hair Salon
  • Sassy Scissors Hair Salon Nail Salon
  • Simply Amber Hair Salon
  • Cerebral Bodyshop LLC Alternative Medicine Practice Spa & Massage Center
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
by Request
Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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