Renovated Short-Term Rental
For Sale
$289,900
7625 E CAMELBACK Road A322, Scottsdale, AZ 85251
Updated one-bedroom residence with resort amenities and a kitchen equipped with premium appliances.
Property Size752 SF
Days on Market326
Property Features for 7625 E CAMELBACK Road A322
General Information
Standard status
Active
Size
752 SF
Property subtype
Apartment
Units
Unit Mix
1 x 1BR/1BA
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$388
Amenities
heated pool
spa
Building Details
Building Size
752 SF
Year Built
1971
Listing Agency:
HomeSmart
(480) 710-0107
Listed By:
Jim Turchan
(480) 710-0107
Source:
Alexiabertsatos
Added: Oct 10, 2025
Changed: Aug 31
Last Checked: Aug 31 at 12:30AM
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 HomeSmart
Investment Insights
Based on property information with market context.
This renovated one-bedroom, one-bathroom condominium residence at Maya Condominiums features an updated kitchen with premium appliances, a refreshed bathroom with designer tile, and luxury vinyl tile throughout. The interior is presented in polished condition with contemporary finishes.
The property is located at 7625 E CAMELBACK Road A322 in Scottsdale, near Old Town Scottsdale destinations including dining, nightlife, Fashion Square Mall, and grocery shopping. Community amenities include landscaped grounds, a heated pool, and a spa. The HOA covers AC, heat, cable TV, common area insurance, and exterior maintenance. Short-term rentals are not restricted, allowing the residence to function as a full-time home, seasonal retreat, or vacation rental property.
The property is located at 7625 E CAMELBACK Road A322 in Scottsdale, near Old Town Scottsdale destinations including dining, nightlife, Fashion Square Mall, and grocery shopping. Community amenities include landscaped grounds, a heated pool, and a spa. The HOA covers AC, heat, cable TV, common area insurance, and exterior maintenance. Short-term rentals are not restricted, allowing the residence to function as a full-time home, seasonal retreat, or vacation rental property.
Key Highlights
- One‑bedroom, one‑bathroom condominium residence
- Renovated interior with luxury vinyl tile throughout
- Updated kitchen with premium appliances
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
$8,701
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
3.00%
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%
$174,020
$174.0K
Cap Rate 7%
$124,300
$124.3K
Cap Rate 9%
$96,678
$96.7K
Market Conditions
NOI Build-Up for 752 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
$16.5K $21.96/SF
− Vacancy
−$694 −$0.92/SF
EGI
$15.8K $21.04/SF
− OpEx
−$7.1K −$9.47/SF
NOI
$8.7K $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%
$174,020
Cap Rate 7%
$124,300
Cap Rate 9%
$96,678
Alternative Uses
Best Use
Apartment 5plus
$124.3K
$108.8K – $145.0K
NOI $8,701 @ 7.0% cap · market cap 3.00%
Second Best
—
—
no second resolved use
Theoretical Best
Retail
$246.9K
$216.0K – $288.0K
NOI $17,280 @ 7.0% cap · market cap 5.96%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
4,231
Businesses Nearby
Explore this area
Business Placement
Demographics for 85251, AZ
40,073
Population
26,456
Households
1.5
Avg Household Size
39
Median Age
60%
College-Educated
96%
High-School Grad
7.2 sq mi
ZIP Area
5,566
Density / Sq Mi
$89,151
Median Household Income
$60,282
Median Earnings
$1,771
Median Rent
$500,700
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 - Updated one-bedroom residence with resort amenities and a kitchen equipped with premium appliances.
Where is this short term rental property located?
The property is located at 7625 E CAMELBACK Road A322 Scottsdale, AZ.
What is the asking price?
The asking price for this property is $289,900.
What are key features of this property?
This property features: One‑bedroom, one‑bathroom condominium residence; Renovated interior with luxury vinyl tile throughout; Updated kitchen with premium appliances
