1707 Highland Ave Phoenix, AZ 85016-4657
Office buildings
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Entity Owned
11-yr Hold
Absentee Owner
~
Est. High Equity
For Lease
$31 SF/Yr
1707 Highland Ave, Phoenix, AZ 85016-4657
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Estimated value (blended)
$14.64M
Range $13.18M – $16.10M (±10%)
Property ID
US07-0388123
Property summary
AI-generated overview
This exceptional sublease opportunity presents 10,582 square feet of traditional office space located at 1707 E Highland Ave, Phoenix, AZ 85016. Situated in the desirable Camelback Corridor submarket, this Class B building offers a convenient location with easy access to major thoroughfares. The property, built in 1985, is a two-story structure and features a multiple tenancy arrangement. The available space is currently vacant and ready for immediate occupancy. The property's zoning is C-0, and its Assessor's Parcel Number (APN) is 163-26-035C in Maricopa County. The cross streets are 17th & Highland, providing excellent visibility and accessibility. This is an ideal location for businesses seeking a well-established and convenient office space in a thriving Phoenix neighborhood. The property offers a significant amount of space, making it suitable for a variety of business needs. Interested parties should inquire promptly to secure this exceptional sublease opportunity.
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1985
Construction
CONCRETE
Total area
15,743 SF
Lot
3.69 ac (160,911 SF)
Zoning code
C-O
APN
163-26-035C
UPID
US07-0388123
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
-
Construction Company General Contractor
-
General Contractor
-
Construction Company General Contractor
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$6.10M
Blend (final)
Blend
$14.64M
Owner & transaction history
since 2015
5 recorded transactions
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
$8.4M
+105.4%
Auto repair, garage
$6.7M
+62.5%
Retail stores
$4.4M
+6.6%
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Value estimation
Instant AI valuation built from comps, income signals, and proprietary benchmarks. A defensible range, not a single guess.
17% off on annual
Unlock the complete Valuation workflow
Full NOI reconstruction, selected comps, alternative-use scenarios, data audit and PDF export.
Full NOI build-up · 6 steps
All 11 comparables with addresses
7 alternative uses screened
Sensitivity value band
Source audit · 10 inputs
PDF export
Analytics Standard · 5 reports
from $99/month
from $99/month
Summary
1
Valuation conclusion
Included free
Estimated market value
$14.64M
Value range
$13.18M – $16.10M
±10% around blend
Estimated value / SF
$930 / SF
Confidence
High
11 county-verified comps
Property data
88
Market benchmarks
100
Comparable evidence
100
Income certainty
100
$13.18M
blend $14.64M
$16.10M
Market-derived valuation under stabilized market assumptions. Desktop analysis. No physical inspection performed.
2
Subject property
Included free
GBA
15,743 SF
Lot area
3.69 ac
Year built
1985
Stories
2
APN
163-26-035C
Assessed value
$1,481,651
Annual tax
$105,613
3
Income approach: direct capitalization
Partial preview
Estimated Stabilized NOI, derived from market rent, vacancy and expense benchmarks. Actual property income not reported.
Estimated market rent / SF
Potential gross income
Vacancy allowance
Effective gross income
Benchmark operating expenses
Stabilized NOI
Property tax
$105,613
Selected cap rate
4
Sales comparison
Partial preview
Sales approach indication
$3.12M
Weighted, 11 comps · high confidence
Evidence
11 found · 6 selected
County-verified recorded sales
Comparable
Sale dateSale price$ / SF
3.4 mi away · 13,439 SF
4.0 mi away · 17,611 SF
4.4 mi away · 19,317 SF
5.5 mi away · 14,840 SF
6.6 mi away · 17,840 SF
5
Sensitivity & risk
Partial preview
Downside
−10%
Base
$14.64M
Upside
+10%
Bounds of the ±10% band vs the blend — never simulated scenarios.
6
Current market position
Included free
Benchmark
Observed band ($/SF)AverageSubject delta
ZIP 68 sales
$260
+258%
Submarket 958 sales
$300
+210%
County 2871 sales
$239
+289%
Band = middle half (Q1–Q3) of recorded sale $/SF for this use type per geography; the diamond marks the subject at $930/SF. Delta below average reads as headroom. Source: Realmo CRE sales derivatives (county records).
7
Alternative use screening
Partial preview
Top alternative use
Restaurant
Gross theoretical uplift
+105%
vs current-use indication
Auto Repair, Garage
Retail Stores
Medical Building
Office Building · current use
Values shown before conversion costs, entitlement costs, capital expenditures and stabilization risk.
8
Data & methodology
Included free
Building area
County record
Property tax
County record
Assessed value
County record
Zoning designation
Not available
Operating expenses
Modeled
Market rent
Market benchmark
Actual rent roll
Not available
Tenant leases
Not available
Physical condition
Not inspected
Conversion costs
Not available
Not analyzed due to unavailable source data: tenant leases, physical condition and capital
requirements were not available for this desktop analysis. Cost Approach excluded due to
availability of income evidence.
Automated valuation analysis, not a licensed appraisal. Figures are derived from public
records and proprietary models. Desktop analysis: no physical inspection, tenant leases or reported
property income. Verify with a licensed appraiser before transacting.
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
17% off on annual
Unlock the complete Cap Rate workflow
Full market tables, editable assumptions, comparable evidence, saved work and exports.
9-scenario matrix
Comparable evidence · 11 sales
NOI build-up · 9 steps
Market rates by use type
PDF export
Analytics Standard · 5 reports
from $99/month
from $99/month
Overview
Selected market yield
3,452,183.87%
Selected cap rate for this office buildings
Derived from the Phoenix market rent, vacancy and expense benchmarks for this use type.
NOI (est.)
$1.07M *
* derived from a real price signal at a 7% cap
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Test a cap rate
Implied value$31
Move the market yield to see immediate price impact.
Value / SF
$0
Vs. selected
Base
Derivation
NOI ÷ cap
Arithmetic over the derived NOI * — not market scenario modeling.
NOI × cap matrix
Preview
Preview of 9 modeled outcomes.
NOI
3,452,183.37%3,452,183.87%3,452,184.37%
$963k
$27
$27
$27
$1.07M
$31
$31
$30
$1.18M
$34
$34
$34
NOI sensitivity ±10% across the selected-rate band (±0.5 pp) — derivation of the NOI above.
Comparable evidence
Partial preview
Recorded sales nearby
11 found
High confidence · county-verified
Closest comparable
$4.50M
0.8 mi · Jan 2026 · $237/SF
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$105,613
Tax year 2023
Assessed value
$1,481,651
Assessed 2024
Previous assessed
$1,751,136
-15.4% YoY
Effective rate
7.13%
On assessed value
Land market value
$4,932,000
Improvement market value
$4,047,704
Total market value
$8,979,704
Applied tax rate
381,300.0000
Automated cap rate analysis. Based on public records, market benchmarks and proprietary
models. Verify with a licensed professional before transacting.
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Office buildings
Use group
OFFICE BUILDING
Status
For Lease
Year built
1985
Construction
CONCRETE
Heating
PACKAGE
Cooling
YES
Buildings
3
Stories
2
Units
3
Total area
15,743 SF
Lot
3.69 ac (160,911 SF)
Zoning code
C-O
APN
163-26-035C
UPID
US07-0388123
Jurisdiction
MARICOPA
Zoning & alternative use
C-O · Phoenix, AZZoning C-O · permitted uses
C-O · Phoenix, AZ
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
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
Alternative use value scenarios
Repositioning upside vs current use
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Building & site characteristics
From public records
Year built
1985
Construction
CONCRETE
Heating
PACKAGE
Cooling
Yes
Stories
2
Buildings
3
Units
3
Lot
3.69 ac
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
Matched to the official district catalog
C-O
COMMERCIAL
Jurisdiction
Phoenix, AZ
Recorded code
C-O
Official district
C-O
Zoning Insight
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.
What opens after registration
Zoning profile
Official descriptionThe district text from the municipal code
District factsZone name, category and district area
2 official documentsVerified municipal sources with file download
Match provenanceAssignment basis, match tier and confidence
Private report access
See the official zoning profile for this address.
Registration is required before the official district profile is shown.
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Ownership Intelligence
Find the owner behind the property.
Unlock the evidence behind ownership: portfolio, transactions, debt and signals that help you decide who to contact next.
What opens after registration
Ownership report
Owner identityResolved entity and name variants
Portfolio holdingsLinked properties and estimated value
Deal signalsSell-side activity worth following
Debt & historyRecorded loans and transaction history
Private report access
See the ownership record for this address.
Registration is required before any owner information is shown.
One complete report on every paid plan · 5 · 30 · 100 reports per month.
Owner of record and activity signals are derived from public records and modeled classifications.
They do not confirm beneficial ownership or intent to transact.
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