Property profile

16421 N Tatum Blvd Phoenix, AZ 85032

FOR SALE
Office buildings
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Property ID
US07-1043918
8,792 SF 1.86 ac Built 1999
Last sale Nov 2021·$4,250,000
Entity Owned Owner of record is a legal entity (LLC / corporation). 4-yr Hold Held for 4 years. ~ Est. High Equity Modeled equity is high. Estimate, not a fact.
Market Trends Soon

Property summary

AI-generated overview

An office unit within a larger multi-building office complex totaling approximately 22,914 square feet, located at 16421 N Tatum Blvd in Phoenix, Arizona. The property is zoned P-1 (City of Phoenix) and includes covered parking for tenants, with building and monument signage available. The site is positioned along Tatum Blvd at its intersection with Bell Rd, just south of Bell Rd, and provides convenient access to SR-51 and Loop 101. Nearby points include Desert Ridge and Paradise Valley…

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. Included with a plan.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with a plan.

Debts

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — included with a plan.

Property tax · 2023

What does the county charge?
$59k
Tax billed · 2023
Assessed value · 2024$638k
Effective rate9.20%

Value estimate

· Nov 2026
$5.88M
$5.29M – $6.47M
CAP approach$2.47M
Submarket $/SF estimate$3.93M
NOI build-up
Gross scheduled income$709k
Vacancy & credit loss−$182k
Operating expenses−$132k
NOI · 7.91% cap applied$395k

Realmo valuation models over county records and 14 qualifying comparable sales.

Recently sold

What actually traded nearby?
$302/SF
ZIP average, outlier-cleaned · 35 recorded sales of this use type
Observed band · Q1–Q3$168 – $447
Qualifying comparables14

Cap rate analysis

How does the asset earn?
7.91%
$395k estimated NOI · market benchmarks for this use type

Price anchors at 6 / 6.5 / 7% — in the full report.

Zoning insight

What can be built here?
R-O
The district R-O is intended to control developments on the edges of residential areas which, because of their location on arterial stree...
General categoryMIXED_USE
JurisdictionMARICOPA

Location intelligence

Which uses thrive at this corner?
Best fit: Law Firm
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Law Firm17.8
Clothing Store13.9
Grocery Store13.7

Location

16421 N Tatum Blvd Phoenix, AZ 85032
County assessor Recorded deeds · 6 transfers 14 qualifying comp sales Zoning catalog

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recorded sales · 16 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
3036 Greenway, Phoenix, AZ 85032-4414 $3,102,444 Dec 2025 13,764 SF
4550 Bell Rd, Phoenix, AZ 85032-9382 $1,680,000 Feb 2025 5,993 SF
15255 40th St, Phoenix, AZ 85032-4638 $580,000 Dec 2024 5,540 SF
15433 Tatum, Phoenix, AZ 85032-4230 $2,375,000 Aug 2023 14,023 SF
4646 Greenway, Phoenix, AZ 85032-4805 $2,305,795 Nov 2021 14,037 SF
12424 32nd, Phoenix, AZ 85032-7145 $1,070,965 Jun 2019 5,789 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
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Rey answers here. ChatGPT, Grok and Claude get the same data packet.

Includes: Price & PSF · Cap rate · Location · Zoning

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