Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    16851 Parkview Ave, Unit 2 Fountain Hills, AZ 85268-3992
    Property profile & analytics

    16851 Parkview Ave, Unit 2, Fountain Hills, AZ 85268-3992

    View on Map
    • Office buildings
    • 9,874 SF
    • 0.12 lot acres
    Off-Market
    Property ID
    US07-1881871
    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.
    Value Estimations
    $1,580,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Office buildings

    Property Details for 16851 Parkview Ave

    Year built
    2002
    Construction
    STEEL FRAME
    Lot size
    0.12 lot acres
    Zone code
    C-2
    Property type
    Office buildings
    APN
    176-25-555
    APU
    17625555

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Aug 13, 2019 — Moore Office Condo LLC Moore,richard A Quit Claim Deed · related —
    Apr 14, 2014 $180,000 Richard A Moore Hueneme Ents INC Grant Deed —
    Mar 29, 2005 $499,000 Hueneme Ents INC Putzer,edward M & Judith B Warranty Deed —
    Aug 29, 2003 $435,000 Edward M Putzer Nielsen & Wolfe LLC Grant Deed $302k · Nielsen & Wolfe LLC

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $1,581,000
      Market price range: $661k - $2.51M
      AI Estimate
      $1,581,000
      Market price range: $661k - $2.51M

    • Alternative Use

      Use
      Estimation
      OFFICE BUILDING
      $1,600,000
      Current use
      NEIGHBORHOOD: SHOPPING CENTER
      $2,135,000
      Change: +34% Conversion: Difficult
      WAREHOUSE, STORAGE
      $1,520,000
      Change: -5% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Fountain Hills
    County
    Maricopa
    State
    Arizona
    Longitude
    -111.716
    Latitude
    33.6049
    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
    2022
    $3,637
    $0.00
    $0.00
    $113,619
    -
    $137,700
    $550,900
    $688,600

    Comparable in this City

    • Value Estimation by Request
      4,358 SF

      13215 Verde Riv Dr Ste, Unit 3

      OFFICE BUILDING
      13215 Verde Riv Dr Ste, Fountain Hills, AZ 85268-8309
      View Details
    • Value Estimation
      $580,000
      8,668 SF

      13215 Verde Riv Dr Ste, Unit 5

      OFFICE BUILDING
      13215 Verde Riv Dr Ste, Fountain Hills, AZ 85268-8310
      View Details
    • Value Estimation
      $505,000
      7,542 SF

      13430 Saguaro Blvd, Unit 202

      OFFICE BUILDING
      13430 Saguaro Blvd, Fountain Hills, AZ 85268-3728
      View Details
    • Value Estimation
      $630,000
      4,000 SF

      16921 Palisades Blvd, Unit B2

      OFFICE BUILDING
      16921 Palisades Blvd, Fountain Hills, AZ 85268-8411
      View Details
    • Value Estimation
      $1,510,000
      5,940 SF

      9624 Monterey Dr Ste, Unit 1

      OFFICE BUILDING
      9624 Monterey Dr Ste, Fountain Hills, AZ 85268-6746
      View Details
    • Value Estimation by Request
      4,688 SF

      13034 Verde Riv Dr Ste, Unit 103

      OFFICE BUILDING
      13034 Verde Riv Dr Ste, Fountain Hills, AZ 85268-8443
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      14,830 SF

      Fountain Hills Office Building For Sale

      Attractive office building with potential for owner/user or investment.
      16929 E Enterprise Dr, Fountain Hills, AZ 85268
      View Details
    • Contact for pricing
      24,196 SF

      Fountain Hills Office Building

      24,196 SqFt office building for sale.
      16930 E Palisades Blvd, Fountain Hills, AZ 85268
      View Details
    • Contact for pricing
      4,180 SF

      Retail Building in Fountain Hills

      Multi-tenant retail building in the heart of Fountain Hills.
      16729 E Palisades Blvd, Fountain Hills, AZ 85268
      View Details
    • $1,350,000

      Medical-Ready Building in Fountain Hills

      Freestanding building with medical use potential in Fountain Hills, Arizona.
      11407 N Saguaro Blvd, Fountain Hills, AZ 85268
      View Details
    • $995,000
      4,180 SF

      Retail Building in Fountain Hills

      Multi-tenant retail building with high ceilings and ample parking.
      16729 E Palisades Blvd, Fountain Hills, AZ 85268
      View Details
    • $1,500,000
      1.40 Acres

      Fountain Hills Commercial Land Parcel

      Prime commercial land ideal for retail, office, or restaurant development.
      11639 N Saguaro Blvd, Fountain Hills, AZ 85268
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Fountain Hills Commercial Property

      Premium commercial property on the Avenue of the Fountains.
      16622 Avenue Of The Fountains E, Fountain Hills, AZ 85268
      View Details
    • Contact for pricing
      1,224 SF

      Fountain Hills Plaza Office Space

      Office space for rent in Fountain Hills Plaza Retail Center.
      13404 N La Montana Dr, Fountain Hills, AZ 85268
      View Details
    • Contact for pricing

      Fountain Hills Medical Office Space

      Multi-tenant medical office buildings with retail amenities and fountain views.
      16838 E Palisades Blvd, Fountain Hills, AZ 85268
      View Details
    • Contact for pricing

      Fountain Hills Industrial Office Warehouse

      Small bay industrial office and warehouse space available for rent.
      17252 E Falcon Dr, Fountain Hills, AZ 85268
      View Details
    • Contact for pricing

      Fountain Hills Retail/Office Suites

      Retail, restaurant, and office suites available for lease.
      16725-16845 Avenue Of The Fountains E, Fountain Hills, AZ 85268
      View Details
    • $24 SF/Yr

      Fountain Hills Retail/Office Space

      Retail, restaurant, and office suites available for lease.
      16845 Avenue Of The Fountains E, Fountain Hills, AZ 85268
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    16851 Parkview Ave, Unit 2
    Fountain Hills, AZ 85268-3992
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    16851 Parkview Ave, Fountain Hills, AZ, 85268
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!