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Property profile & analytics

16848 Palisades Blvd Fountain Hills, AZ 85268-3845

  • Medical offices
  • 7,567 SF
  • 1.98 lot acres
OFF-MARKET
Last Sale
Apr 26, 2023
$1,400,000
Value Estimations
$1,550,000
Show details
Cap Rate Potential
6.1%
Medical offices
Location Intelligence
Property ID
US07-0081736
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

Current Use by Public Records

  • Medical offices

Property Details for 16848 Palisades Blvd

Year built
1996
Construction
STEEL FRAME
Lot size
1.98 lot acres
Property size
7,567 SF
Zone code
C-2
Property type
Medical offices
Property subtype
Medical centers
APN
176-06-954
APU
17606954

Description

This 7,213 square foot medical office building sits on a 1.98-acre lot in Fountain Hills, Arizona, and is currently vacant. Built in 1996, the single-story building is zoned C-2, allowing for a multitude of uses. The property boasts excellent access with ingress/egress from the south, west, and east. The well-maintained building and land offer significant potential. Allowable building area could expand to approximately 42,750 square feet, with a height of up to 60 feet. The property benefits from its location near significant developments, including the approved 316-unit multifamily redevelopment at Village at Four Peaks, the 1,230-unit mixed-use Park Place at Fountain Hills project (with two additional phases approved), and the recently-commenced $25 million International Dark Sky Discovery Center (approximately 23,000 square feet). The area also features a high average household income of $123,766 within a 5-mile radius and proximity to national retailers such as Basha's, Safeway, Ace Hardware, Fountain Hills Medical Campus, and Dutch Bros. The asking price is $1,900,000, or $263 per square foot. The property's address is 16848 E Palisades Blvd, Fountain Hills, AZ 85268.


Value Estimations

based on Realmo’s proprietary methodology
  • AI approach

    Method
    Estimation
    Statistic approach
    $1,750,000
  • CAP approach

    CAP Return
    Estimation
    6%
    $1,785,000
    6.5%
    $1,645,000
    7%
    $1,530,000
  • Alternative Use

    Use
    Estimation
    MEDICAL BUILDING
    $1,925,000
    Current use
    RETAIL STORES
    $2,545,000
    Change: +32% Conversion: Difficult
    NEIGHBORHOOD: SHOPPING CENTER
    $2,390,000
    Change: +24% Conversion: Difficult
    INDUSTRIAL (GENERAL)
    $1,735,000
    Change: -10% Conversion: Difficult
    WAREHOUSE, STORAGE
    $1,550,000
    Change: -20% Conversion: Difficult

Get a detailed, property-specific valuation — fast and free


Location Insight

  • Map
  • Local Demand
City
Fountain Hills
County
Maricopa
State
Arizona
Longitude
-111.716
Latitude
33.6077
CBSA code
38060
CBSA name
PHOENIX-MESA-SCOTTSDALE, AZ METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$0.00
$0.00
$0.00
$345,746
-
$811,200
$1,493,772
$2,304,972
More about this property
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