16601 40Th StPhoenix, AZ 85032

Property Details for 16601 40Th St

Year built

1986

Construction

STEEL FRAME

Lot size

1.45 AC

Property size (Sq ft)

16,185 SF

Zone code

C-O

Property type

Healthcare properties

Property subtype

Medical offices

APN

215-21-014

APU

21521014

Description

This exceptional two-story medical office building, located at 16601 N 40th St, Phoenix, AZ 85032, offers 41,979 square feet of prime medical office space. The building boasts a multi-tenant configuration, providing flexibility for various medical practices. Currently, there are five available suites ranging in size from a comfortable 1,013 square feet to a spacious 2,779 square feet, perfect for expanding or relocating medical businesses. Its strategic location offers unparalleled convenience and accessibility. The property enjoys close proximity to the Abrazo Scottsdale Hospital Campus, ensuring a strong patient referral network and convenient access for medical professionals. Furthermore, the building is within walking distance of a variety of restaurants and retail amenities, providing convenience for both staff and patients. Easy access to the 51 Freeway ensures seamless commutes for patients and employees alike. This property presents a unique opportunity to establish or expand a medical practice in a thriving and highly accessible location within the Phoenix metropolitan area. The building's size and layout offer a versatile solution for various medical specialties. Don't miss this chance to secure your ideal medical office space in a highly desirable area.

• CAP approach

  CAP return

  Valuation

  6%

  $4,745,150

  6.5%

  $4,380,139

  7%

  $4,067,272

• Comparable approach

  Method

  Valuation

  Relative Method

  $3,651,012

  Geo Method

  $3,651,012

• Alternative Use

  Use

  Valuation

  Residential

  $5,431,372

  Hospitality

  $4,975,108

  Educational

  $4,139,232

  Medical

  $4,281,586

  Retail

  $6,438,804

Location Insight

City

Phoenix

County

Maricopa

State

Arizona

Latitude

33.6374

Longitude

-111.996

CBSA code

38060

CBSA name

PHOENIX-MESA-SCOTTSDALE, AZ METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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