Property profile

16508 Laser Dr Fountain Hills, AZ 85268

OFF-MARKET
Flex space
Property ID
US07-1921620
10,299 SF 1.27 ac lot Built 1986
Entity Owned 17-yr Hold Free & Clear
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Property profile

Verified
Property type Flex space
Use group LIGHT INDUSTRIAL
Year built 1986
Construction CONCRETE
Total area 10,299 SF
Lot 1.27 ac (55,408 SF)
Zoning code IND-2
APN 176-09-351
UPID US07-1921620

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
  • Publishing House Newspaper & Magazine
  • Hardware & Home Improvement Production Facility
  • Interior Design Auto Repair Shop
  • Logistics Company Moving Company
  • Industrial Manufacturer Production Facility

Location

16508 Laser Dr Fountain Hills, AZ 85268-6551
Fountain Hills metro Census 216821 PHOENIX-MESA-SCOTTSDALE, AZ METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$2.45M
Blend (final) Blend
$750k

Owner & transaction history

since 2009
2 recorded transactions
2009
Price N/A
1997
Price N/A

Zoning & alternative use

IND-2 · Fountain Hills, AZ
Zoning description

The principal purpose of IND-2 zone is to provide for light industrial uses in locations which are suitable and appropriate, taking into consideration the land uses on adjacent or nearby properties, access to a major str…

General category INDUSTRIAL
Top alternative use upside
Medical building $3.6M +163.7%
Neighborhood: shopping center $2.2M +63.3%
Office building $1.7M +22.3%

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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