15640 7Th StPhoenix, AZ 85022

Property Details for 15640 7Th St

Year built

2002

Construction

CONCRETE

Lot size

1.85 AC

Property size (Sq ft)

7,704 SF

Zone code

PSC

Property type

Office properties

Property subtype

Office buildings

APN

208-12-007L

APU

20812007L

Description

This exceptional 7,590 square foot medical office building in Phoenix, Arizona, presents a unique owner-user opportunity with immediate availability. Located at 15640 N 7th St, this Class B, single-story building boasts a modified lease type and multi-tenant occupancy. The property, part of the Ledgestone Two-Building Condominium Project, is situated in the desirable Moon Valley submarket and offers 78 shared parking spaces (approximately 5.48 spaces per 1,000 square feet). Built in 2003, the building features a C-R zoning designation, making it ideal for various medical uses. The asking price is $2,466,750, translating to approximately $325 per square foot. The property comprises multiple suites (approximately 4,661 SF, 1,050 SF, 979 SF, and 900 SF), providing flexibility for expansion or rental income. Its convenient location offers easy access to major roadways including the Greenway Parkway, and Loops 101, 51, and 17. The property's suitability for SBA financing with potentially low down payment makes it an attractive investment. This is a prime opportunity for a medical practice seeking a well-located, high-quality space with income potential.

• CAP approach

  CAP return

  Valuation

  6%

  $1,257,985

  6.5%

  $1,161,217

  7%

  $1,078,272

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,187,572

  Geo Method

  $1,187,572

• Alternative Use

  Use

  Valuation

  Residential

  $1,439,908

  Hospitality

  $1,318,948

  Educational

  $1,097,350

  Medical

  $1,135,089

  Retail

  $1,706,988

Location Insight

City

Phoenix

County

Maricopa

State

Arizona

Latitude

33.6289

Longitude

-112.066

CBSA code

38060

CBSA name

PHOENIX-MESA-SCOTTSDALE, AZ METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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