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Property summary
This exceptional two-story medical office building, located at 16601 N 40th St, Phoenix, AZ 85032, offers 41,979 square feet of prime medical office space. The building boasts a multi-tenant configuration, providing flexibility for various medical practices. Currently, there are five available suites ranging in size from a comfortable 1,013 square feet to a spacious 2,779 square feet, perfect for expanding or relocating medical businesses. Its strategic location offers unparalleled convenience and accessibility. The property enjoys close proximity to the Abrazo Scottsdale Hospital Campus, ensuring a strong patient referral network and convenient access for medical professionals. Furthermore, the building is within walking distance of a variety of restaurants and retail amenities, providing convenience for both staff and patients. Easy access to the 51 Freeway ensures seamless commutes for patients and employees alike. This property presents a unique opportunity to establish or expand a medical practice in a thriving and highly accessible location within the Phoenix metropolitan area. The building's size and layout offer a versatile solution for various medical specialties. Don't miss this chance to secure your ideal medical office space in a highly desirable area.
Property profile
VerifiedCap rate & NOI
Current use
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Medical Clinic Hospital
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Physician
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Medical Clinic
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Medical Clinic Hospital
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Alternative Medicine Practice Acupuncture
Location
Value estimations
Owner & transaction history
Zoning & alternative use
The purpose of C-O zone is intended to provide office use as an appropriate transition between intense commercial activities and nearby residential uses
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Value estimation
Instant AI valuation built from comps, income signals, and proprietary benchmarks. A defensible range, not a single guess.
from $99/month
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
from $99/month
Derived from the Phoenix market rent, vacancy and expense benchmarks for this use type.
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Property tax & assessments
Tax year 2023Property description
Physical attributes from public recordsZoning & alternative use
C-O · Phoenix, AZThe purpose of C-O zone is intended to provide office use as an appropriate transition between intense commercial activities and nearby residential uses
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
Official district profile
The purpose of C-O zone is intended to provide office use as an appropriate transition between intense commercial activities and nearby residential uses
What can be built and operated here — officially.
The district profile from the municipal source: what is on file for C-O in Phoenix, AZ.
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Find the owner behind the property.
Unlock the evidence behind ownership: portfolio, transactions, debt and signals that help you decide who to contact next.
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