16448 N 40TH Street, Phoenix, AZ 85032, Phoenix AZ 85032
🏢 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.
CloseDaily local analysis
Facts and context beyond the MLS description
The sections below combine this listing's current facts with locally retained inventory, sale, and location data. They are generated from the same MLS replica that powers the page, without an external data request during your visit.
Current market context
How this property compares in Phoenix
This property is offered at $333 per square foot, compared with a $5 median for active listings without a reported bedroom count in Phoenix. Its asking price falls near the 80th percentile of that active group. The comparison uses 564 active or publicly marketable listings from the same local MLS source, filtered to records without a reported bedroom count.
The property has been tracked for 0 days, while the current cohort averages 0 days on market. These figures are a point-in-time inventory comparison, not an appraisal or prediction; condition, lot, updates, exact location, and concessions can move an individual sale away from the city-level pattern.
Nearby closed sales
Recent sold homes near this property
The local sold-history cache contains 8 closed sales within approximately 1.25 miles during the last six months. The median recorded sold price in this nearby sample is $480,250, and the median is $303 per square foot where square footage was reported.
Nearby sales are useful context, but they are not automatically comparable: renovation level, acreage, water access, construction quality, financing, and seller concessions can materially change a result. A property-specific valuation should review the most similar homes and the full MLS record before drawing a conclusion.
| Address | Sold | Home | Sold price | Distance |
|---|---|---|---|---|
| 3861 E KINGS Avenue, Phoenix, AZ 85032 | Apr 9, 2026 | 3 bd · 2,292 sqft | $655,000 | 0.1 mi |
| 16436 N 40TH Place, Phoenix, AZ 85032 | May 29, 2026 | 4 bd · 1,844 sqft | $990,000 | 0.1 mi |
| 16243 N 38TH Way, Phoenix, AZ 85032 | May 1, 2026 | 3 bd · 1,713 sqft | $645,000 | 0.2 mi |
| 16231 N 38TH Way, Phoenix, AZ 85032 | Sep 16, 2026 | 3 bd · 1,627 sqft | $535,500 | 0.2 mi |
| 16401 N 37TH Place, Phoenix, AZ 85032 | Aug 31, 2026 | 4 bd · 1,776 sqft | $407,500 | 0.3 mi |
| 4075 E PARADISE Lane 17, Phoenix, AZ 85032 | Jun 8, 2026 | — | $425,000 | 0.3 mi |
| 4003 E ANDERSON Drive, Phoenix, AZ 85032 | Sep 22, 2026 | 3 bd · 1,346 sqft | $407,500 | 0.4 mi |
| 4015 E ANDERSON Drive, Phoenix, AZ 85032 | Aug 21, 2026 | 3 bd · 1,596 sqft | $400,000 | 0.4 mi |
MLS timeline
Price and status history
This timeline records the price and public status snapshots received by CloseDaily from the local MLS replica. It is retained separately from the current listing so later changes do not erase the earlier market history. Dates reflect when the source record changed or was first observed by the sync system.
- $1,050,000 · Active
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Similar active homes in Phoenix
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