16241 Tatum BlvdPhoenix, AZ 85032

Property Details for 16241 Tatum Blvd

Year built

2001

Construction

CONCRETE

Lot size

2.59 AC

Property size (Sq ft)

30,621 SF

Zone code

R-O

Property type

Office buildings

APN

215-32-003U

APU

21532003U

Description

This exceptional 7,015-square-foot creative office space is ideally located at 16241 N Tatum Blvd in Phoenix, Arizona. The single-tenant property, built in 2001, is a Class B building and offers a convenient one-story layout. The entire space is currently vacant, presenting a unique opportunity for a business seeking immediate occupancy. The property features ample parking with a ratio of 5 spaces per 1,000 square feet. Its prime location offers easy access to major transportation arteries, including proximity to the SR-51 freeway (3 minutes away) and Loop 101 (7 minutes away). The surrounding area boasts a variety of retail options and amenities, enhancing the convenience and appeal of this location. The property's APN is 215-32-003U, situated within Maricopa County, Arizona, and has a zip code of 85032. This single-tenant creative office space provides a versatile and functional environment for a wide range of businesses. The property's size and location make it an attractive option for companies seeking a prominent presence in a thriving Phoenix neighborhood. The convenient access to freeways and nearby amenities makes this a highly desirable location for employees and clients alike. This is a rare opportunity to secure a substantial, ready-to-occupy office space in a prime Phoenix location.

• CAP approach

  CAP return

  Valuation

  6%

  $8,977,526

  6.5%

  $8,286,947

  7%

  $7,695,022

• Comparable approach

  Method

  Valuation

  Relative Method

  $6,907,485

  Geo Method

  $6,907,485

• Alternative Use

  Use

  Valuation

  Residential

  $10,275,814

  Hospitality

  $9,412,591

  Educational

  $7,831,165

  Medical

  $8,100,491

  Retail

  $12,181,812

Location Insight

City

Phoenix

County

Maricopa

State

Arizona

Latitude

33.635

Longitude

-111.977

CBSA code

38060

CBSA name

PHOENIX-MESA-SCOTTSDALE, AZ METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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