4602 16Th StPhoenix, AZ 85016

Property Details for 4602 16Th St

Year built

1980

Construction

STEEL FRAME

Lot size

0.68 AC

Property size (Sq ft)

19,213 SF

Zone code

C-2

Property type

Healthcare properties

Property subtype

Medical offices

APN

155-02-001H

APU

15502001H

Description

The Atrium, located at 4602 N 16th St, Phoenix, AZ 85016, offers versatile office space in the desirable Camelback Corridor, East Phoenix submarket. This Class B, three-story building, constructed in 1980, totals 19,518 square feet and sits on a 0.68-acre lot. The property features one elevator and ample parking (5.25 spaces per 1,000 square feet). Suites range from a minimum of 1,700 square feet to a maximum contiguous space of 8,117 square feet, with a total of five suites available across multiple tenancies. The building is zoned C-2 and its APN is 155-02-001H. Its convenient location offers easy access to 16th Street, just south of Highland, and provides easy pull-up parking. The property's diverse subtypes include Medical Office, Traditional Office, R&D, Creative Office, and Executive Office spaces, making it suitable for a variety of businesses. Numerous amenities are nearby, and the location offers convenient access to SR-51. The cross streets are 16th Street and Meadowbrook.

• CAP approach

  CAP return

  Valuation

  6%

  $5,289,965

  6.5%

  $4,883,045

  7%

  $4,534,256

• Comparable approach

  Method

  Valuation

  Relative Method

  $2,961,684

  Geo Method

  $2,961,684

• Alternative Use

  Use

  Valuation

  Residential

  $6,054,976

  Hospitality

  $5,546,325

  Educational

  $4,614,478

  Medical

  $4,773,176

  Retail

  $7,178,076

Location Insight

City

Phoenix

County

Maricopa

State

Arizona

Latitude

33.504

Longitude

-112.048

CBSA code

38060

CBSA name

PHOENIX-MESA-SCOTTSDALE, AZ METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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