End-Unit Residential Income
New
For Sale
$259,900
13631 W Bolero Drive, Sun City West, AZ 85375
Two-bedroom residence with an open kitchen, vaulted ceilings, private patio, and direct golf cart access to the garage.
Property Size1,150 SF
Price / SF$226
Days on Market3
Property Features for 13631 W Bolero Drive
General Information
Standard status
Active
Size
1,150 SF
Property subtype
Apartment
Units
Unit Mix
1 x 2BR/2BA
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$941
Building Details
Building Size
1,150 SF
Year Built
1987
Stories
1
Listing Agency:
HomeSmart
(623) 203-6271
Listed By:
Lona King · License #SA543779000
(623) 203-6271
Source:
Aznewhorizonrealty
Added: Aug 21
Changed: Aug 22
Last Checked: Aug 23 at 12:36PM
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.
Built in 1987, this 1,150-square-foot end-unit residential income property offers a two-bedroom, two-bath layout with a split-bedroom design. The interior includes a spacious great room, vaulted ceilings, large neutral tile, plantation shutters, and an open kitchen equipped with granite countertops, a breakfast bar, raised ceiling, and extensive cabinetry. The primary suite includes patio access, a walk-in closet, and a bathroom with dual granite counters, a makeup area, and a separate shower room. The secondary bedroom is positioned near a full bathroom with a tub and shower combination.
Outdoor living centers on a large paver patio designed for low-maintenance use. A wide double gate accommodates golf cart entry, while a ramp provides access directly into the garage. The property is located at 13631 W Bolero Drive in Sun City West, Arizona 85375.
Outdoor living centers on a large paver patio designed for low-maintenance use. A wide double gate accommodates golf cart entry, while a ramp provides access directly into the garage. The property is located at 13631 W Bolero Drive in Sun City West, Arizona 85375.
Key Highlights
- End‑unit residential income property with 2 bedrooms and 2 bathrooms
- 1,150 SF property built in 1987
- Split‑bedroom layout with spacious great room and vaulted ceilings
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
$12,979
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
4.99%
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%
$259,580
$259.6K
Cap Rate 7%
$185,414
$185.4K
Cap Rate 9%
$144,211
$144.2K
Market Conditions
NOI Build-Up for 1,150 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
$24.8K $21.60/SF
− Vacancy
−$1.2K −$1.08/SF
EGI
$23.6K $20.52/SF
− OpEx
−$10.6K −$9.23/SF
NOI
$13.0K $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%
$259,580
Cap Rate 7%
$185,414
Cap Rate 9%
$144,211
Alternative Uses
Best Use
Apartment 5plus
$185.4K
$162.2K – $216.3K
NOI $12,979 @ 7.0% cap · market cap 4.99%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$355.7K
$311.3K – $415.0K
NOI $24,901 @ 7.0% cap · market cap 9.58%
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
873
Businesses Nearby
Explore this area
Business Placement
Demographics for 85375, AZ
27,944
Population
19,340
Households
1.4
Avg Household Size
75
Median Age
35%
College-Educated
97%
High-School Grad
12.4 sq mi
ZIP Area
2,254
Density / Sq Mi
$63,977
Median Household Income
$30,838
Median Earnings
$1,658
Median Rent
$350,700
Median Home Value
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Residential income property - Two-bedroom residence with an open kitchen, vaulted ceilings, private patio, and direct golf cart access to the garage.
Where is this residential income property located?
The property is located at 13631 W Bolero Drive Sun City West, AZ.
What is the asking price?
The asking price for this property is $259,900.
What are key features of this property?
This property features: End‑unit residential income property with 2 bedrooms and 2 bathrooms; 1,150 SF property built in 1987; Split‑bedroom layout with spacious great room and vaulted ceilings
