16448 N 40th St Phoenix, AZ 85032
Paradise Valley Village NeighborhoodEstimated payment $5,994/month
Highlights
- 0.28 Acre Lot
- Corner Lot
- Computer Room
- Whispering Wind Academy Rated A-
- Community Kitchen
- Ceiling height between 10 to 12 feet
About This Home
🏢 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.
Property Details
Property Type
- Other
Est. Annual Taxes
- $8,303
Year Built
- Built in 2001
Lot Details
- 12,110 Sq Ft Lot
- Landscaped
- Corner Lot
- Property is zoned CT, R-O
Home Design
- Wood Frame Construction
- Tile Roof
- Metal Siding
Interior Spaces
- 3,154 Sq Ft Home
- Ceiling height between 10 to 12 feet
- Computer Room
- Ceramic Tile Flooring
Home Security
- Alarm System
- Security Lights
- Fire and Smoke Detector
Parking
- 8 Open Parking Spaces
- 11 Parking Spaces
- 3 Covered Spaces
Utilities
- Central Air
- Heating Available
- Fiber Optics Available
Listing and Financial Details
- Tax Lot 1
- Assessor Parcel Number 214-33-003-A
Community Details
Overview
- Bell Acres Subdivision
Amenities
- Community Kitchen
- Meeting Room
- Private Restrooms
- Reception Area
Building Details
- Gross Income $80,340
- Net Operating Income $68,037
Map
Home Values in the Area
Average Home Value in this Area
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | $8,303 | $81,239 | -- | -- |
| 2024 | $8,412 | $79,788 | -- | -- |
| 2023 | $8,412 | $107,712 | $38,709 | $69,003 |
| 2022 | $8,573 | $82,145 | $34,755 | $47,390 |
| 2021 | $8,843 | $79,866 | $35,748 | $44,118 |
| 2020 | $8,570 | $92,268 | $30,816 | $61,452 |
| 2019 | $8,581 | $92,268 | $30,816 | $61,452 |
| 2018 | $8,300 | $80,100 | $30,888 | $49,212 |
| 2017 | $7,956 | $72,864 | $30,888 | $41,976 |
| 2016 | $7,823 | $66,618 | $33,786 | $32,832 |
| 2015 | $7,446 | $57,667 | $26,122 | $31,545 |
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 04/03/2026 04/03/26 | For Sale | $999,000 | -14.7% | $317 / Sq Ft | |
| 01/25/2023 01/25/23 | Sold | $1,171,060 | -2.4% | $372 / Sq Ft | View Prior Sale |
| 11/04/2022 11/04/22 | Pending | -- | -- | -- | |
| 09/03/2022 09/03/22 | For Sale | $1,200,000 | -- | $382 / Sq Ft |
Purchase History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Special Warranty Deed | $1,169,000 | Clear Title | |
| Warranty Deed | $280,000 | Capital Title Agency | |
| Quit Claim Deed | -- | Chicago Title Insurance Co | |
| Warranty Deed | $72,000 | Chicago Title Insurance Co |
Mortgage History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $989,000 | Small Business Administration | |
| Previous Owner | $203,100 | Commercial | |
| Previous Owner | $68,400 | Commercial |
Source: Arizona Regional Multiple Listing Service (ARMLS)
MLS Number: 7008299
APN: 214-33-003A
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
All information should be verified by the recipient and none is guaranteed as accurate by ARMLS
Listing Information presented by local MLS brokerage: Ten-X, local REALTOR®- Arlene Richardson - (888)-952-6393
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Ask me questions while you tour the home.