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16421 N Tatum Blvd Phoenix, AZ 85032

Office buildings Google Maps
8,792 SF 1.86 ac lot Built 1999
Entity Owned 4-yr Hold ~ Est. High Equity
Estimated value (blended)
$5.88M
Range $5.29M – $6.47M (±10%)
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

Current use

Occupant on record · Public records
  • Medical Clinic
  • Alternative Medicine Practice
  • Law Firm
  • Law Firm
  • 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
$5.88M

Owner & transaction history

since 2021
Last sale
$4.3M
6 recorded transactions
2021
$4.3M
2020
Price N/A
2020
Price N/A
2018
Price N/A
2000
Price N/A
1969
Price N/A

Zoning & alternative use

R-O · Phoenix, AZ
Zoning description

The district R-O is intended to control developments on the edges of residential areas which, because of their location on arterial streets or other environmental conditions, are susceptible to pressures for nonresidenti…

General category MIXED_USE
Top alternative use upside
Commercial (general) $6.1M +130.3%
Restaurant $4.7M +76.6%
Auto repair, garage $3.7M +39.7%

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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Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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