16448 N 40TH Street, Phoenix, AZ 85032

New Listing
$999,000
Property Type: Comm/Industry Sale Square Footage: 3,154 Lot Size (sq. ft.): 12,110 Status: Active
Current Price: $999,000 List Date: 4/03/2026 Last Modified: 4/03/2026

Overview

Description

🏢 Prime Office Opportunity - Investment 🏷️ Retail / C-T, R-O Zoning 🚗 Ample Parking + Corner Lot 📝 Leased till Oct 2028 💰 Cash Flow 💡 Located in a high-growth corridor with strong traffic counts and excellent visibility. Ideal for service related industry or medical. 📈 Perfect for an investor looking for cash flow.

Listing Details MLS# 7008299

Location, Tax & Legal

House Number
16448
Compass
N
Street Name
40TH
St Suffix
Street
City/Town Code
Phoenix
State/Province
AZ
Zip Code
85032
Zip4
3304
County Code
Maricopa
Subdivision
BELL ACRES
Assessor Number
214-33-003-A
Tax Year
2025
Assessor's Map #
33
Legal Description (Abbrev)
BELL ACRES MCR 43-4 LOT 1 E 160F OF N 88.5F 0F NE4 OF LOT 1 EX E 7F & EX PT P/D 86-418083
Assessor's Parcel #
3
Assessor Parcel Ltr
A
Add'l Parcels
No
Tax Municipality
Phoenix
Census Tract
103303
Taxes
8303
Legal
BELL ACRES MCR 43-4 LOT 1 E 160F OF N 88.5F 0F NE4 OF LOT 1 EX E 7F & EX PT P/D 86-418083
Marketing Name
North Phoenix Office

Contract Info

Ownership
Fee Simple

General Property Description

Type of Property
Office
Ttl Apx SqFt Bldg
3154
Ttl Apx Net Rnt Spc
3145
# of Buildings
Yes
Stories
2
Year Built
2001
Uncvrd Parking Spcs
8
Zoning
CT, R-O
Flood Zone
No

Remarks Misc

Cross Street
Bell Rd & 40th Street
Directions
S on 40th St to property on west side.

Legal Info

Township
3N
Range
3E
Section
Yes
Lot Number
Yes

Income Expenses

Gross Annual Sch Inc
80340
Net Operating Income
68037

More Information

Showing Notification Methods

Showing Service
Non-MLS Showing Service - See Private Remarks
Text
Yes

Currently Not Used

Sold Price Per SqFt
316.74

Construction

Metal
Yes
Wood Frame
Yes

Roofing

Tile
Yes

Floors

Concrete
Yes
Ceramic Tile
Yes

Income & Expenses

Annual Ins Exp
4000
Owner Association
No
Annual Ownr Asoc Fee
0
Other Income
0
Vacancy Allowance
0
Adjusted Gross Inc
80340

Building Type

Commercial
Yes
Office
Yes

Business Type

Professional/Office
Yes
Other
Yes
See Remarks
Yes

Pmt & Rate Info

Cap Rate
6.81
Equity
999000
Total Owed
0

Lockbox Type

Other
Yes

Ceiling Height

10.1 Feet to 12 Feet
Yes

Heating

Electric
Yes

Cooling

Central Air
Yes

Interior Features

Finished
Yes
Smoke Detector(s)
Yes
Security System
Yes
Alarm System
Yes
Private Restrooms
Yes

Loading Facilities

None
Yes

Road Surface Type

Asphalt
Yes

Exterior

Corner Lot
Yes
Dual Street Ftg
Yes
Landscaping
Yes
Building Sign
Yes
Security Light(s)
Yes

Source of Fincl Data

Owner
Yes

Traffic Count

35,001 to 50,000
Yes

Fencing

Block
Yes

Water Source

City Franchise
Yes

Freeway/Highway

Up to 1 Mile
Yes

Building Features

Conference Room
Yes
Reception Room
Yes
Kitchen
Yes
Computer Room
Yes
LAN Compatible Copr
Yes
Fiber Optic Availble
Yes
Showers - Office
Yes

Sewer

Sewer - Public
Yes

Parking Features

Private
Yes

Electric

APS
Yes

Gas

Other (See Remarks)
Yes

New Financing

Lease Purchase
Yes
Cash to Loan
Yes

Reports/Disclosures

Seller Prop Disc Stm
Yes

Environmental

None
Yes

Property Features

Building Type: Commercial; Office Business Type: Professional/Office; Other; See Remarks Construction: Metal; Wood Frame Roofing: Tile Floors: Concrete; Ceramic Tile Ceiling Height: 10.1 Feet to 12 Feet Cooling: Central Air Loading Facilities: None Interior Features: Finished; Smoke Detector(s); Security System; Alarm System; Private Restrooms Exterior: Corner Lot; Dual Street Ftg; Landscaping; Building Sign; Security Light(s) Fencing: Block Building Features: Conference Room; Reception Room; Kitchen; Computer Room; LAN Compatible Copr; Fiber Optic Availble; Showers - Office Parking Features: Private Electric: APS Gas: Other (See Remarks) Water Source: City Franchise Sewer: Sewer - Public New Financing: Lease Purchase; Cash to Loan Showing Notification Methods: Text Lockbox Type: Other Source of Fincl Data: Owner Road Surface Type: Asphalt Traffic Count: 35,001 to 50,000 Environmental: None
Listing Office: Realty of America LLC
IDX
Last Updated: April - 03 - 2026
Copyright 2026 Arizona Regional Multiple Listing Service, Inc. All rights reserved. Information Not Guaranteed and Must Be Confirmed by End User. Site contains live data.