Three-Bedroom Short-Term Rental
For Sale
$475,000
15095 N Thompson Peak Parkway #2086, Scottsdale, AZ 85260
Condominium residence with short-term rental approval and flexible residential or vacation-use potential.
Property Size1,375 SF
Price / SF$345.45
Days on Market9
Property Features for 15095 N Thompson Peak Parkway #2086
General Information
Standard status
Active
Size
1,375 SF
Property subtype
Multi-Family
Additional Details
Multifamily Units
1
Building Details
Year Built
1995
Listing Agency:
Exp Realty
(480) 792-9500
Listed By:
Kirsten Goebeler
(480) 792-9500
Source:
85086realestate
Added: Aug 23
Changed: Aug 28
Last Checked: Aug 30 at 4:39PM
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 Exp Realty
Investment Insights
Based on property information with market context.
This condominium residence offers three bedrooms, two bathrooms, and 1,375 square feet of living space. Built in 1995, the unit is described as well maintained and provides a configuration suited to full-time occupancy, seasonal use, or income-producing vacation rental use.
Short-term rentals are permitted within the complex, supporting Airbnb or VRBO operations. The property is in North Scottsdale near shopping, golf courses, Scottsdale Airport, and hiking and biking trails. The address is 15095 N Thompson Peak Parkway #2086, Scottsdale, AZ 85260.
Short-term rentals are permitted within the complex, supporting Airbnb or VRBO operations. The property is in North Scottsdale near shopping, golf courses, Scottsdale Airport, and hiking and biking trails. The address is 15095 N Thompson Peak Parkway #2086, Scottsdale, AZ 85260.
Key Highlights
- 3‑bedroom, 2‑bath condominium residence
- 1,375 square feet of living space
- Short‑term rentals allowed within the complex
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
$15,910
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
3.35%
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%
$318,200
$318.2K
Cap Rate 7%
$227,286
$227.3K
Cap Rate 9%
$176,778
$176.8K
Market Conditions
NOI Build-Up for 1,375 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
$30.2K $21.96/SF
− Vacancy
−$1.3K −$0.92/SF
EGI
$28.9K $21.04/SF
− OpEx
−$13.0K −$9.47/SF
NOI
$15.9K $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%
$318,200
Cap Rate 7%
$227,286
Cap Rate 9%
$176,778
Alternative Uses
Best Use
Apartment 5plus
$227.3K
$198.9K – $265.2K
NOI $15,910 @ 7.0% cap · market cap 3.35%
Second Best
—
—
no second resolved use
Theoretical Best
Retail
$451.4K
$395.0K – $526.6K
NOI $31,596 @ 7.0% cap · market cap 6.65%
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
1,019
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
Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Short term rental property - Condominium residence with short-term rental approval and flexible residential or vacation-use potential.
Where is this short term rental property located?
The property is located at 15095 N Thompson Peak Parkway #2086 Scottsdale, AZ.
What is the asking price?
The asking price for this property is $475,000.
What are key features of this property?
This property features: 3‑bedroom, 2‑bath condominium residence; 1,375 square feet of living space; Short‑term rentals allowed within the complex
