16421 Tatum BlvdPhoenix, AZ 85032

Property Details for 16421 Tatum Blvd

Year built

1999

Construction

STEEL FRAME

Lot size

1.86 AC

Property size (Sq ft)

8,792 SF

Zone code

R-O

Property type

Office properties

Property subtype

Office buildings

APN

215-32-003T

APU

21532003T

Description

This exceptional Phoenix office space, located at 16421 N Tatum Blvd in the desirable Paradise Valley submarket (zip code 85032), offers flexible leasing options for businesses seeking executive or traditional office environments. The property, zoned P-1 by the City of Phoenix, boasts a total of 22,800 square feet, with 1,730 square feet currently available for immediate occupancy. Multiple tenancy is available, allowing for a variety of configurations to suit different business needs. Individual suites range from a minimum of 863 square feet to a maximum contiguous space of 1,730 square feet, providing ample room for growth and expansion. The building's prime location in Paradise Valley offers easy access to major transportation routes and a wealth of amenities. This is an excellent opportunity for businesses seeking a prestigious and functional workspace in a thriving Phoenix neighborhood. The property is categorized as both Executive and Traditional Office space, catering to a wide range of professional needs. Interested parties are encouraged to inquire about available space and lease terms. This property is ready for immediate occupancy.

• CAP approach

  CAP return

  Valuation

  6%

  $2,577,656

  6.5%

  $2,379,375

  7%

  $2,209,420

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,983,299

  Geo Method

  $1,983,299

• Alternative Use

  Use

  Valuation

  Residential

  $2,950,425

  Hospitality

  $2,702,573

  Educational

  $2,248,509

  Medical

  $2,325,839

  Retail

  $3,497,681

Location Insight

City

Phoenix

County

Maricopa

State

Arizona

Latitude

33.636

Longitude

-111.977

CBSA code

38060

CBSA name

PHOENIX-MESA-SCOTTSDALE, AZ METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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