For Sale
$254,000
100 N Vulture Mine Road #101, Wickenburg, AZ 85390
Residential income properties
Property Size1,256 SF
Days on Market34
Property Features for 100 N Vulture Mine Road #101
General Information
Standard status
Active
Size
1,256 SF
Property subtype
Apartment
Taxes and HOA fees
Annual Taxes
$681
Building Details
Building Size
1,256 SF
Year Built
1985
Stories
1
Listing Agency:
Arizona Legends Realty
(602) 309-7466
Listed By:
Lori Horcos · License #BR686709000
(602) 309-7466
Source:
Sunhaven-realestate
Added: Jul 20
Changed: Aug 13
Last Checked: Aug 21 at 1:13PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Arizona Legends Realty
Investment Insights
Based on property information with market context.
Key Highlights
- Lower‑level Mountain View Villas condominium built in 1985
- 2 bedrooms and 2 bathrooms
- Ground‑floor living with easy access and no stairs
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$14,175
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
5.58%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$283,500
$283.5K
Cap Rate 7%
$202,500
$202.5K
Cap Rate 9%
$157,500
$157.5K
Market Conditions
NOI Build-Up for 1,256 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$27.1K $21.60/SF
− Vacancy
−$1.4K −$1.08/SF
EGI
$25.8K $20.52/SF
− OpEx
−$11.6K −$9.23/SF
NOI
$14.2K $11.29/SF
Area
Maricopa County, AZ
Vacancy
5.00%
Lease Rate
$21.60 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$283,500
Cap Rate 7%
$202,500
Cap Rate 9%
$157,500
Alternative Uses
Best Use
Apartment 5plus
$202.5K
$177.2K – $236.3K
NOI $14,175 @ 7.0% cap · market cap 5.58%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$388.5K
$340.0K – $453.3K
NOI $27,196 @ 7.0% cap · market cap 10.71%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
140
Businesses Nearby
Explore this area
Business Placement
Demographics for 85390, AZ
9,102
Population
5,702
Households
1.6
Avg Household Size
62
Median Age
35%
College-Educated
96%
High-School Grad
475.6 sq mi
ZIP Area
19
Density / Sq Mi
$65,985
Median Household Income
$43,070
Median Earnings
$1,234
Median Rent
$465,800
Median Home Value
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
Where is this residential income property located?
The property is located at 100 N Vulture Mine Road #101 Wickenburg, AZ.
What is the asking price?
The asking price for this property is $254,000.
What are key features of this property?
This property features: Lower‑level Mountain View Villas condominium built in 1985; 2 bedrooms and 2 bathrooms; Ground‑floor living with easy access and no stairs
