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Financial
Distress signals
Property profile

16515 S 40Th St Phoenix, AZ 85048

FOR LEASE
Other office properties
Property ID
US07-1541618
5.08 ac lot
Last sale Sep 2026 · $670,000
Entity Owned Owner of record is a legal entity (LLC / corporation). Absentee Owner Owner mailing address differs from the property address. ~ Est. High Equity Modeled equity is high. Estimate, not a fact.
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16515 S 40Th St, Phoenix, AZ 85048 For Lease
$2,488/Mo 2,488 SF available
16515 S 40Th St, Phoenix, AZ 85048
View Listing

Property summary

AI-generated overview

This fully built-out medical office condo is configured for healthcare use within a condominium space and includes a reception area, a break room, and one lab room. The interior provides a compact layout intended to support day-to-day patient or client operations with both front-of-house space and lab-ready functionality. The condo has frontage on S 40th St and offers access to the Loop 202 Freeway; building signage is available for tenant visibility. The space measures 2,178 square feet and is…

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. In the full report.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with the full report.

Debts

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

Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.

Property tax

What does the county charge?
Assessed value · 2024$75

Value estimate

· Oct 2026
$750k
$675k – $825k
NOI build-up
Gross scheduled income$76k
Vacancy & credit loss−$20k
Operating expenses−$14k
NOI · 1,711.86% cap applied$43k

Realmo valuation models over county records.

Recently sold

What actually traded nearby?
$181/SF
ZIP average, outlier-cleaned · 55 recorded sales of this use type
Observed band · Q1–Q3$47 – $266

Cap rate analysis

How does the asset earn?
1,711.86%
$43k 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?
C-O
The purpose of C-O zone is intended to provide office use as an appropriate transition between intense commercial activities and nearby r...
General categoryCOMMERCIAL
JurisdictionMARICOPA

Location intelligence

Which uses thrive at this corner?
Best fit: Pawn Shop
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Pawn Shop10.3
Convenience Store10.1
Parking Facility9.9

Location

16515 S 40Th St Phoenix, AZ 85048
County assessor Recorded deeds · 32 transfers Qualifying comp sales · not on file 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 · 15 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
1345 Chandler Blvd, Phoenix, AZ 85048-6281 $410,000 Dec 2025 12,316 SF
4530 Muirwood Dr, Phoenix, AZ 85048-7693 $1,200,000 Aug 2024 4,168 SF
15810 45th St, Phoenix, AZ 85048-7655 $1,100,000 Apr 2024 11,078 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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