16165 83Rd AvePeoria, AZ 85382

Property Details for 16165 83Rd Ave

Year built

2005

Lot size

6.13 AC

Property size (Sq ft)

43,496 SF

Property type

Office properties

Property subtype

Office buildings

APN

200-53-944

APU

20053944

Description

This Class A, 11,368 square foot office building in Maricopa County offers a diverse range of workspace solutions. Completely renovated in 2019, the property features 350 suites, with a minimum divisible space of 10 square feet and a maximum contiguous space of 1,300 square feet. Currently, 5,970 square feet are available. The building provides various options, including private, fully furnished executive offices tailored to individual needs, ranging from serviced to custom spaces, disaster recovery options, and day offices. Coworking spaces are designed for collaboration, offering dedicated desks and hot-desking. Modern meeting rooms equipped with the latest technology are also available, along with virtual office options including mail forwarding and call answering services. Building amenities include elevators and convenient access to Peoria's P83 entertainment district. The property is situated in a fast-growing, innovative community, offering a vibrant business environment and on-site coffee shop. Flexible membership options cater to various work styles, providing access to a global network of locations. Note that images may not reflect this specific center, and pricing is subject to change based on selection and services.

• CAP approach

  CAP return

  Valuation

  6%

  $7,102,453

  6.5%

  $6,556,110

  7%

  $6,087,817

• Comparable approach

  Method

  Valuation

  Relative Method

  $6,704,908

  Geo Method

  $6,704,908

• Alternative Use

  Use

  Valuation

  Residential

  $8,129,577

  Hospitality

  $7,446,649

  Educational

  $6,195,524

  Medical

  $6,408,598

  Retail

  $9,637,483

Location Insight

City

Peoria

County

Maricopa

State

Arizona

Latitude

33.6336

Longitude

-112.234

CBSA code

38060

CBSA name

PHOENIX-MESA-SCOTTSDALE, AZ METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

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