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    Property profile & analytics

    2533 16th St Phoenix, AZ 85006-1402

    • Industrial properties
    • 3,570 SF
    • 0.34 lot acres
    OFF-MARKET
    Value Estimation
    $1,120,000
    Last Sale
    Feb 17, 2021
    $1,025,000
    Location Intelligence
    Property ID
    US07-3193534
    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

    • Realeza Michoacana / Ice Cream Shop
    • Neveria Realeza Michoacana / Ice Cream Shop

    Property Details for 2533 16th St

    Year built
    1946
    Construction
    CONCRETE
    Lot size
    0.34 lot acres
    Property size
    3,570 SF
    Zone code
    C-2
    Property type
    Industrial properties
    Property subtype
    Loft space
    APN
    117-05-023
    APU
    11705023

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $1,180,000

    • CAP approach

      CAP return
      Estimation
      6%
      $970,000
      6.5%
      $945,000
      7%
      $1,030,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $1,100,000
      Geo Method
      $1,000,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $935,000
      Retail
      $800,000
      Mixed-Use
      $830,000
      Hospitality
      $900,000
      Educational
      $950,000
      Residential Income
      $780,000
      Energy
      $970,000
      Income-Based Land
      $990,000
      Food Service
      $795,000

    Location Insight

    • Map
    • Local Demand
    City
    Phoenix
    County
    Maricopa
    State
    Arizona
    Longitude
    -112.047
    Latitude
    33.4755
    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
    $6,412
    $0.00
    $0.00
    $170,266
    -
    $396,800
    $635,118
    $1,031,918

    Comparable in this City

    • Value Estimation by Request
      16,762 SF

      2212 Mcdowell Rd

      INDUSTRIAL LOFT BUILDING • 16,762 SF
      2212 Mcdowell Rd, Phoenix, AZ 85006-2432
      View Details
    • Value Estimation
      $1,085,000
      8,000 SF

      1717 Van Buren St

      INDUSTRIAL LOFT BUILDING • 8,000 SF
      1717 Van Buren St, Phoenix, AZ 85006-3729
      View Details
    • Value Estimation by Request
      23,034 SF

      2301 16th St

      INDUSTRIAL LOFT BUILDING • 23,034 SF
      2301 16th St, Phoenix, AZ 85006-1896
      View Details
    • Value Estimation by Request
      4,225 SF

      338 16th St

      INDUSTRIAL LOFT BUILDING • 4,225 SF
      338 16th St, Phoenix, AZ 85006-3706
      View Details
    • Value Estimation by Request
      2,160 SF

      2304 Polk St

      INDUSTRIAL LOFT BUILDING • 2,160 SF
      2304 Polk St, Phoenix, AZ 85006-3916
      View Details
    • Value Estimation
      $3,300,000
      5,280 SF

      2328 Van Buren St

      INDUSTRIAL LOFT BUILDING • 5,280 SF
      2328 Van Buren St, Phoenix, AZ 85006-3949
      View Details

    Similar Nearby for Sale

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    • Contact for pricing
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    Similar Nearby for Lease

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      Phoenix Flex/Industrial Space Available

      39979 SF flex/industrial space for lease in Phoenix, AZ.
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    • $4,000 /Mo
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      3,523 SF flex warehouse with air conditioning for lease.
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    • Contact for pricing
      31,739 SF

      Phoenix Warehouse with Secured Yard

      31,739 SF warehouse with secured yard near downtown Phoenix.
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      View Details
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    Phoenix, AZ 85006-1402
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    Realmo Value Estimation

    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.

    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.

    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
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