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Property profile

2701 N 16Th St Phoenix, AZ 85006

Office Spaces
Property ID
US07-2106967
View Sample
2.2 ac lot
Entity Owned Free & Clear

Property summary

AI-generated overview

This exceptional Phoenix property, located at 2701 N 16TH Street Unit 108, presents a unique investment opportunity or an ideal space for owner-occupancy. Situated on a 0.11-acre lot, this single-level building offers a versatile office/medical/dental configuration, perfectly suited for a variety of uses. The flexible layout allows for easy subdivision, making it an attractive option for multiple businesses seeking individual spaces. The interior boasts numerous entrances, providing convenient access for clients and staff. Large rooms are equipped with commercial dividers, creating distinct office areas and maximizing functionality. Ample storage space is integrated throughout the design, catering to the needs of various professional settings. The property's adaptable design and substantial features make it an outstanding choice for entrepreneurs seeking a functional workspace or investors looking for a high-return asset. The asking price is $1,100,000. This is a rare opportunity to acquire a well-designed, adaptable commercial space in a desirable Phoenix location. The building's versatility, combined with its convenient layout and ample storage, makes it a truly exceptional offering. Its prime location and flexible design ensure a strong potential for both immediate occupancy and long-term investment growth. Don't miss this chance to secure a property with significant upside.

Property profile

Verified
Property type Office Spaces
Use group CONDOMINIUM OFFICES
Lot 2.2 ac (95,788 SF)
Zoning code C-1
APN 117-04-120
UPID US07-2106967

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
  • Physician
  • Counselor
  • Church Mosque
  • Medical Group
  • Alternative Medicine Practice

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
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Blend (final) Blend
by Request

Owner & transaction history

since 2025
7 recorded transactions
2025
$2.4M
2025
$3.8M
2022
Price N/A
2021
Price N/A
2021
Price N/A
2021
$621,000
2020
$320,000

Zoning & alternative use

C-1 · Phoenix, AZ
Zoning description

The purpose C-1 zone is to provide light neighborhood type retail and customer service uses designed to be compatible with each other and nearby residential districts

General category COMMERCIAL

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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