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16841 N 31st Ave
Phoenix, AZ 85053 Deer Valley

$342,602 USD

Office Condo For Sale  •  1,381 SF

Property Details

  • Property Type Office
  • Total Building Size 4,954 SF
  • Lot Size 0.03 AC
  • Building Class B
  • Year Built 2005
  • Tenancy Multiple
  • Zoning C-O, Phoenix
43 Transit Score
80 Walk Score

1 Unit Available

Name Condo Use Size Price Details
1st Floor - Unit 131 Office 1,381 SF $342,602 USD
  • Unit Size: 1,381 SF
  • Condo Use: Office
  • Price: $342,602 USD
  • Sale Type: Investment
  • Price/SF: $248.08 USD
Sale Notes
16841 N 31st Ave, Suite 131 presents a rare opportunity to acquire a fully stabilized, single-tenant office condo in the high-demand Deer Valley/Airport submarket of Phoenix. This 1,381 SF suite is 100% leased to Caring Presence Home Care, a respected Arizona-based healthcare provider with a 37-year operating history. The tenant operates under a 60-month Modified Gross lease, delivering secure, in-place cash flow from day one. With a projected 2026 NOI of $20,556.10 and a 6.00% CAP rate, this asset is ideally suited for passive investors or 1031 exchange buyers seeking recession-resistant income.
The property was remodeled in 2021 and features a highly functional layout including four private offices, a reception area, break room, restroom, and storage closet—ideal for professional or medical users. Located within Bell Canyon Offices, the site benefits from a strong parking ratio of 5.26/1,000 and signage visibility along N 31st Ave and W Juniper Ave.

Description 

Bell Canyon Offices is a professionally managed office condominium park strategically located at 16841 N 31st Ave in Phoenix’s thriving Deer Valley/Airport submarket. This business park offers a collection of well-maintained office suites designed to meet the needs of medical, professional, and service-based tenants. With direct access to both I-17 and Loop 101, the property benefits from exceptional regional connectivity, placing it within minutes of major employment centers, retail destinations, and healthcare institutions.
The surrounding Deer Valley area is one of Phoenix’s most dynamic economic engines, anchored by the Phoenix Deer Valley Airport and a dense corporate corridor that includes Honeywell, Cigna, and USAA. The property is also positioned near the $165 billion TSMC semiconductor campus, which is driving long-term growth and attracting national investment. Bell Canyon Offices is zoned C-O, allowing for a wide range of office and medical uses, and features a strong parking ratio of 5.26 spaces per 1,000 SF, ensuring convenience for tenants and visitors alike.
The office park’s layout supports efficient ingress and egress via N 31st Ave and W Juniper Ave, and several suites have been remodeled to meet modern tenant expectations. The area’s demographic profile includes over 334,000 residents within a 5-mile radius, a median household income exceeding $84,000, and a daytime employee population of more than 141,000—making it an ideal location for businesses seeking visibility, stability, and access to a skilled workforce.

Property Flyers

Amenities

  • Bus Line
  • Air Conditioning

Public Transportation

AirportDriveWalkDistance
Phoenix Sky Harbor International 29 min - 21.0 mi
Phoenix-Mesa Gateway 62 min - 48.0 mi

Parking Details

Parking Available: Yes
Reserved: No
Spaces Provided: 12
Type: Surface
Included in Rent: Yes
Matt Zaccardi 602-561-1339 Commercial Properties, Inc.
Matt Zaccardi 602-561-1339 Commercial Properties, Inc.