Ground-Floor Residential Income
For Sale
$494,900
10757 N 74TH Street 1010, Scottsdale, AZ 85260
Condominium residence with open living space, private garage, and resort-style community amenities.
Property Size1,281 SF
Days on Market25
Property Features for 10757 N 74TH Street 1010
General Information
Standard status
Active
Size
1,281 SF
Total Parking Spaces
2
Property subtype
Apartment
Units
Unit Mix
1 x 2BR/2BA
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$2,067
Amenities
pool
spa
lounging areas
stainless steel appliances
granite countertops
center island
breakfast bar
ensuite bathroom
walk-in shower
soaking tub
walk-in closet
laundry room
Building Details
Building Size
1,281 SF
Year Built
2007
Listing Agency:
Howe Realty
(602) 384-6122
Listed By:
Kaye Nelson
(602) 384-6122
Source:
Alexiabertsatos
Added: Jul 29
Changed: Aug 19
Last Checked: Aug 21 at 10:37AM
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 Howe Realty
Investment Insights
Based on property information with market context.
Built in 2007, this ground-floor condominium at Barolo Place offers a two-bedroom, two-bath layout with an open living area and oversized ceramic tile flooring. The eat-in kitchen includes stainless steel appliances, granite worktops, a large island with breakfast seating, and direct utility from a dedicated laundry room. The primary suite features dual vanity sinks, a glass-enclosed shower, soaking tub, and walk-in closet. An attached 2-car garage adds storage and parking convenience.
Community amenities include a resort-style pool, spa, shaded structures, and outdoor lounging areas. The Scottsdale location places the residence within walking distance of restaurants, specialty retail, and Harkins Shea 14. Golf facilities, mountain views, Kierland Commons, and Scottsdale Quarter are also identified as nearby area attractions.
Community amenities include a resort-style pool, spa, shaded structures, and outdoor lounging areas. The Scottsdale location places the residence within walking distance of restaurants, specialty retail, and Harkins Shea 14. Golf facilities, mountain views, Kierland Commons, and Scottsdale Quarter are also identified as nearby area attractions.
Key Highlights
- Ground‑floor condominium in Barolo Place with 2 bedrooms and 2 baths
- Built in 2007 with an open‑concept layout and oversized ceramic tile flooring
- Kitchen features stainless steel appliances, granite countertops, and an oversized island with breakfast bar
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
$14,822
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%
$296,440
$296.4K
Cap Rate 7%
$211,743
$211.7K
Cap Rate 9%
$164,689
$164.7K
Market Conditions
NOI Build-Up for 1,281 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
$28.1K $21.96/SF
− Vacancy
−$1.2K −$0.92/SF
EGI
$26.9K $21.04/SF
− OpEx
−$12.1K −$9.47/SF
NOI
$14.8K $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%
$296,440
Cap Rate 7%
$211,743
Cap Rate 9%
$164,689
Alternative Uses
Best Use
Apartment 5plus
$211.7K
$185.3K – $247.0K
NOI $14,822 @ 7.0% cap · market cap 2.99%
Second Best
—
—
no second resolved use
Theoretical Best
Retail
$420.5K
$368.0K – $490.6K
NOI $29,436 @ 7.0% cap · market cap 5.95%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
2,218
Businesses Nearby
Explore this area
Business Placement
Demographics for 85260, AZ
37,967
Population
21,072
Households
1.8
Avg Household Size
47
Median Age
59%
College-Educated
97%
High-School Grad
14.2 sq mi
ZIP Area
2,674
Density / Sq Mi
$103,854
Median Household Income
$62,835
Median Earnings
$1,969
Median Rent
$637,000
Median Home Value
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Residential income property - Condominium residence with open living space, private garage, and resort-style community amenities.
Where is this residential income property located?
The property is located at 10757 N 74TH Street 1010 Scottsdale, AZ.
What is the asking price?
The asking price for this property is $494,900.
What are key features of this property?
This property features: Ground‑floor condominium in Barolo Place with 2 bedrooms and 2 baths; Built in 2007 with an open‑concept layout and oversized ceramic tile flooring; Kitchen features stainless steel appliances, granite countertops, and an oversized island with breakfast bar
