Property profile

16620 40th St Phoenix, AZ 85032

OFF-MARKET
Medical Office Space
Property ID
US07-0413442
5,288 SF 0.54 ac lot Built 1984
Entity Owned 8-yr Hold Absentee Owner ~ Est. High Equity
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Property profile

Verified
Property type Medical Office Space
Use group MEDICAL BUILDING
Year built 1984
Construction STEEL FRAME
Total area 5,288 SF
Lot 0.54 ac (23,537 SF)
Zoning code C-O
APN 214-33-129
UPID US07-0413442

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
  • Dental Office
  • Physician
  • Physician
  • Physician
  • Physician

Location

16620 40th St Phoenix, AZ 85032-3348
Phoenix metro Census 103303 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
$1.84M
Blend (final) Blend
$515k

Owner & transaction history

since 2018
7 recorded transactions
2018
$9.8M
2013
$4.1M
2012
$4.0M
2006
$8.7M
1999
$6.2M
1997
Price N/A
1995
$3.0M

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
Top alternative use upside
Restaurant $2.8M +101.2%
Auto repair, garage $2.2M +59.2%
Office building $1.6M +13.9%

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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