15255 40Th StPhoenix, AZ 85032

Property Details for 15255 40Th St

Lot size

3.11 AC

Zone code

C-1

Property type

Office properties

Property subtype

Other office properties

APN

215-71-548

APU

21571548

Description

This exceptional 1,576 square foot medical office space is ideally situated in the Greenway Professional Park, offering convenient access to SR-51. Located at 15255 N 40th St - Suite 149, this single-tenant space is part of a larger, single-story building totaling 5,270 square feet, built in 2006. The property boasts a desirable C-1 zoning classification within Maricopa County. The building features attractive landscaping, creating a Southwestern aesthetic. Ample parking is provided, with a generous ratio of 5 spaces per 1,000 square feet, including covered options. The property sits on a 0.12-acre lot and is conveniently located near the cross streets of S/SEC Greenway Rd and 40th St. This move-in ready space presents a fantastic opportunity for medical professionals seeking a well-maintained and conveniently located office. The property's single-tenant occupancy ensures a streamlined and efficient workspace. The building's design and landscaping create a professional and welcoming environment. This is a rare opportunity to secure a prime medical office space in a highly sought-after location.

• CAP approach

  CAP return

  Valuation

  6%

  $39,686,876

  6.5%

  $36,634,040

  7%

  $34,017,320

• Comparable approach

  Method

  Valuation

  Relative Method

  $30,535,862

  Geo Method

  $30,535,862

• Alternative Use

  Use

  Valuation

  Residential

  $45,426,208

  Hospitality

  $41,610,160

  Educational

  $34,619,168

  Medical

  $35,809,772

  Retail

  $53,852,036

Location Insight

City

Phoenix

County

Maricopa

State

Arizona

Latitude

33.6252

Longitude

-111.995

CBSA code

38060

CBSA name

PHOENIX-MESA-SCOTTSDALE, AZ METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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