Property profile

6245 16th St Phoenix, AZ 85016

OFF-MARKET
Medical Office Space
Property ID
US07-1211427
4,793 SF 0.73 ac lot Built 1978
Entity Owned 18-yr Hold ~ Est. High Equity
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Property profile

Verified
Property type Medical Office Space
Use group MEDICAL BUILDING
Year built 1978
Construction CONCRETE
Total area 4,793 SF
Lot 0.73 ac (31,777 SF)
Zoning code C-O
APN 164-37-038
UPID US07-1211427

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
  • Medical Clinic Hospital
  • Physician
  • Medical Clinic
  • Physician
  • Physician

Location

6245 16th St Phoenix, AZ 85016-1706
Phoenix metro Census 106400 PHOENIX-MESA-SCOTTSDALE, AZ METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$1.88M
Blend (final) Blend
$1.58M

Owner & transaction history

since 2008
4 recorded transactions
2020
Price N/A
2008
$1.6M
1991
$550,000
1990
$500,000

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
Auto repair, garage $2.0M +59.2%
Retail stores $1.3M +4.4%

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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