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    FOR SALE
    Office buildings

    16421 N Tatum Blvd, Phoenix, AZ 85032

    8,792 SF 1.86 ac lot Built 1999
    Entity Owned 4-yr Hold ~ Est. High Equity
    Property ID
    US07-1043918
    Property summary
    AI-generated overview

    This exceptional Phoenix office space, located at 16421 N Tatum Blvd in the desirable Paradise Valley submarket (zip code 85032), offers flexible leasing options for businesses seeking executive or traditional office environments. The property, zoned P-1 by the City of Phoenix, boasts a total of 22,800 square feet, with 1,730 square feet currently available for immediate occupancy. Multiple tenancy is available, allowing for a variety of configurations to suit different business needs. Individual suites range from a minimum of 863 square feet to a maximum contiguous space of 1,730 square feet, providing ample room for growth and expansion. The building's prime location in Paradise Valley offers easy access to major transportation routes and a wealth of amenities. This is an excellent opportunity for businesses seeking a prestigious and functional workspace in a thriving Phoenix neighborhood. The property is categorized as both Executive and Traditional Office space, catering to a wide range of professional needs. Interested parties are encouraged to inquire about available space and lease terms. This property is ready for immediate occupancy.

    Property profile
    Verified
    Property type Office buildings
    Use group OFFICE BUILDING
    Year built 1999
    Construction STEEL FRAME
    Total area 8,792 SF
    Lot 1.86 ac (80,847 SF)
    Zoning code R-O
    APN 215-32-003T
    UPID US07-1043918
    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
    • Az Center For Chronic Disease Medical Clinic
    • Accident Chiropractors Alternative Medicine Practice
    • McDonald Warner Law Firm
    • Onisile Law Firm, PLLC Law Firm
    • Dr. Jennifer Smith Alternative Medicine Practice
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
    $2.47M
    Comparable Approach Comparable
    $3.93M
    Blend (final) Blend
    $4.09M
    Owner & transaction history
    723 Main LLC · 4 yrs held
    723 Main LLC
    since 2021
    Last sale
    $4.3M
    6 recorded transactions
    2021
    $4.3M
    2020
    2020
    2018
    2000
    1969
    Zoning & alternative use
    R-O · Phoenix, AZ
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
    Top alternative use upside
    Commercial (general) $6.1M +130.3%
    Restaurant $4.7M +76.6%
    Auto repair, garage $3.7M +39.7%
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    More about this property
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