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Property profile

1650 Roosevelt St Phoenix, AZ 85006

OFF-MARKET
Office Spaces
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Property summary

AI-generated overview

This exceptional office property, located at the highly visible intersection of 16th Street and Roosevelt Street in Maricopa County, offers two available suites totaling between 7,720 and 8,669 square feet of traditional office space. The building is a two-story structure situated within a thriving commercial center anchored by a successful Cardenas market. This ensures high foot traffic and visibility for your business. Other prominent tenants in the center include Cricket Wireless, K-MoMo Roosevelt, Somos Dental, and Ranchie's Laundromat, creating a diverse and vibrant commercial environment. The location provides unparalleled convenience, boasting easy access to major transportation arteries such as I-10 and SR-5, facilitating seamless commutes for employees and clients. The strong demographics of the area further enhance the property's appeal, with a substantial population base: 133,611 people within a 3-mile radius and 351,037 within a 5-mile radius. This presents a significant opportunity to establish your business in a high-traffic, densely populated area with excellent accessibility. The available space is ideal for a variety of businesses seeking a prominent and well-connected location in Phoenix. Contact us today to schedule a viewing.

Property profile

Verified
Property type Office Spaces

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Hotel & Motel Resort
  • Big Box & Wholesale Store

Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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