Property profile

16515 40th St 102 Phoenix, AZ 85048

OFF-MARKET
Medical Office Space
Property ID
US07-2656284
5,050 SF 0.06 ac lot Built 2004
Individually Owned 11-yr Hold ~ Est. High Equity
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Property profile

Verified
Property type Medical Office Space
Use group MEDICAL BUILDING
Year built 2004
Construction STEEL FRAME
Total area 5,050 SF
Lot 0.06 ac (2,475 SF)
Zoning code C-O
APN 301-85-221
UPID US07-2656284

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
  • Physician
  • Dental Office
  • Alternative Medicine Practice
  • Law Firm
  • Law Firm

Location

16515 40th St, Unit 102 Phoenix, AZ 85048-0558
Phoenix metro Census 116712 PHOENIX-MESA-SCOTTSDALE, AZ METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$859k
Blend (final) Blend
$350k

Owner & transaction history

since 2015
7 recorded transactions
2015
Price N/A
2015
$445,000
2004
$572,240
2004
$572,240
1969
Price N/A
1969
Price N/A
1969
Price N/A

Zoning & alternative use

C-O · Phoenix, AZ
Zoning description

The purpose of C-O zone is intended to provide office use as an appropriate transition between intense commercial activities and nearby residential uses

General category COMMERCIAL

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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