Ground-Floor Residential
For Sale
$449,000
Pending
10019 E MOUNTAIN VIEW Road 1092, Scottsdale, AZ 85258
Residents have access to a heated pool, spa, and lagoon within the Scottsdale Ranch community.
Property Size1,162 SF
Days on Market8
Property Features for 10019 E MOUNTAIN VIEW Road 1092
General Information
Standard status
Pending
Size
1,162 SF
Property subtype
Apartment
Taxes and HOA fees
Annual Taxes
$1,051
Building Details
Building Size
1,162 SF
Year Built
1984
Listing Agency:
DeLex Realty
Listed By:
Rondi Spaulding
(602) 354-7488
Source:
Alexiabertsatos
Added: Sep 25
Changed: Oct 2
Last Checked: Oct 1 at 5:47PM
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 DeLex Realty
Investment Insights
Based on property information with market context.
Built in 1984, this ground-level end unit has two bedrooms, each with an en-suite bathroom. The primary bedroom includes a walk-in closet and a separate water closet. High ceilings and wood and tile flooring are among the interior features, and a stacked washer and dryer are included. Furnishings may be acquired through a separate bill of sale.
Community amenities include a heated pool and spa, a ramada, and a lagoon. The property is in Scottsdale Ranch, with access to Loop 101, shopping, dining, parks, and walking paths.
Community amenities include a heated pool and spa, a ramada, and a lagoon. The property is in Scottsdale Ranch, with access to Loop 101, shopping, dining, parks, and walking paths.
Key Highlights
- Ground‑floor interior end unit in Scottsdale Ranch
- Two bedrooms, each with an en‑suite bathroom
- Primary bedroom has a walk‑in closet and private water closet
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
$13,445
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
2.99%
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%
$268,900
$268.9K
Cap Rate 7%
$192,071
$192.1K
Cap Rate 9%
$149,389
$149.4K
Market Conditions
NOI Build-Up for 1,162 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
$25.5K $21.96/SF
− Vacancy
−$1.1K −$0.92/SF
EGI
$24.4K $21.04/SF
− OpEx
−$11.0K −$9.47/SF
NOI
$13.4K $11.57/SF
Area
Scottsdale, AZ
Vacancy
4.20%
Lease Rate
$21.96 /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%
$268,900
Cap Rate 7%
$192,071
Cap Rate 9%
$149,389
Alternative Uses
Best Use
Apartment 5plus
$192.1K
$168.1K – $224.1K
NOI $13,445 @ 7.0% cap · market cap 2.99%
Second Best
—
—
no second resolved use
Theoretical Best
Retail
$381.5K
$333.8K – $445.0K
NOI $26,702 @ 7.0% cap · market cap 5.95%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,039
Businesses Nearby
Explore this area
Business Placement
Demographics for 85258, AZ
25,203
Population
15,566
Households
1.6
Avg Household Size
55
Median Age
63%
College-Educated
99%
High-School Grad
10.3 sq mi
ZIP Area
2,447
Density / Sq Mi
$105,171
Median Household Income
$68,184
Median Earnings
$1,945
Median Rent
$744,600
Median Home Value
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Residential income property - Residents have access to a heated pool, spa, and lagoon within the Scottsdale Ranch community.
Where is this residential income property located?
The property is located at 10019 E MOUNTAIN VIEW Road 1092 Scottsdale, AZ.
What is the asking price?
The asking price for this property is $449,000.
What are key features of this property?
This property features: Ground‑floor interior end unit in Scottsdale Ranch; Two bedrooms, each with an en‑suite bathroom; Primary bedroom has a walk‑in closet and private water closet
