24825 16th Ave Phoenix, AZ 85085-0637
Property profile & analytics
24825 16th Ave Phoenix, AZ 85085-0637
- Office properties & Spaces
- 0.52 lot acres
Property ID
US07-2241889
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.
Location Intelligence
Current Use by Public Records
- CustomButtons.com by Everyone Loves Buttons® / Marketing & Advertising
- RC Fasteners & Components / Building Supply / Construction Company
- B&D Fire Protection, LLC / General Contractor / Security Service
- Endeavor Mobile Wash & Detail / Car Wash
- Endeavor Wireless Solutions, LLC / Telecommunications Service / General Contractor
Property Details for 24825 16th Ave
- Lot size
- 0.52 lot acres
- Zone code
- CP/GCP
- Property type
- Office properties & Spaces
- APN
- 210-07-064
- APU
- 21007064
Description
This exceptional Class A, 4,704 square foot industrial condo in Phoenix's desirable Deer Valley Pinnacle Peak Industrial Park presents a compelling net lease investment opportunity. Currently 100% occupied by Hays Cooling Heating & Plumbing under a NNN lease with 2.2 years remaining and a 3-year option already exercised, extending the lease to May 31, 2026. The property boasts a strong annual rent bump of 2.5%, ensuring consistent income growth. Built in 2008, this two-unit building offers a stable investment with a current NOI of $52,983 and a cap rate of 3.95%. The strategic location within Deer Valley provides excellent access to major transportation arteries (I-17 and Loop 101), benefiting from the submarket's thriving industrial sector and consistent demand for industrial properties. The tenant's recent lease of an adjacent suite underscores their commitment to the location and strong business performance. This property is an ideal investment for those seeking stable income and potential appreciation in a rapidly growing market. The asking price is $1,340,000, translating to $284.86 per square foot. The property benefits from Phoenix's robust economic expansion and the diverse tenant base common in the Deer Valley submarket.
Value Estimations
based on Realmo’s proprietary methodology
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AI approach
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CAP approach
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Comparable approach
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Alternative Use
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Location Insight
- Map
- Local Demand
- City
- Phoenix
- County
- Maricopa
- State
- Arizona
- Longitude
- -112.094
- Latitude
- 33.7116
- 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
$83
-
$500
$0.00
$500
