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Property profile & analytics
FOR LEASE
Medical Office Space

16838 E Palisades Blvd Fountain Hills, AZ 85268

16,029 SF 6.76 ac lot Built 1975
Entity Owned 2-yr Hold ~ Est. High Equity
Property ID
US07-0122345
Property summary
AI-generated overview

This exceptional Fountain Hills medical office campus offers 49,054 rentable square feet across three freestanding buildings. Located at 16838 E Palisades Blvd, Fountain Hills, AZ 85268, this Class B property, built in 1975, boasts a highly desirable location in Maricopa County. Currently, three individual spaces are available, ranging in size from 784 to 3,194 square feet, providing flexibility for various medical practices. The multi-tenant configuration allows for a diverse range of medical professionals to share the space. The campus benefits from its proximity to a wealth of retail amenities and restaurants, enhancing convenience for both tenants and patients. Enjoy stunning views of the iconic Fountain Hills fountain, adding to the property's unique appeal. The property's strategic location and ample space make it an ideal investment opportunity for medical professionals seeking a thriving practice environment in a highly sought-after area. The property is well-maintained and offers a comfortable and professional atmosphere. This is a rare opportunity to secure medical office space in a vibrant and established community. Contact us today to learn more about the available spaces and schedule a viewing.

Property profile
Verified
Property type Medical Office Space
Use group MEDICAL BUILDING
Year built 1975
Construction CONCRETE
Total area 16,029 SF
Lot 6.76 ac (294,611 SF)
Zoning code C-2
APN 176-06-001D
UPID US07-0122345
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$9.43M
Blend (final) Blend
$11.22M
Owner & transaction history
Vpu Fountain Hills LLC · 2 yrs held
Vpu Fountain Hills LLC
since 2024
Last sale
$13.0M
7 recorded transactions
2024
$13.0M
2015
$13.3M
2009
Price N/A
2006
$5.5M
2005
$3.5M
1999
$1.8M
1969
Price N/A
Zoning & alternative use
C-2 · Fountain Hills, AZ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description

Town of Fountain Hills Zoning Ordinance Chapter 6 Page 32 of 34 November 1, 2012 1752356.9 5. In the C-2, C-3, and TCCD zoning districts, a secondary entrance wall sign is allowed in addition to total aggregate sign area if the following criteria are met: a. Wall sign areas shall not exceed 25% of primary total aggr

Zone name Intermediate Commercial
General category COMMERCIAL
Zone area 246.89 ac
Source Zoning Ordinance
Top alternative use upside
Restaurant $11.5M +105.2%
Commercial (general) $7.8M +40.0%
Retail stores $7.4M +31.8%
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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