Ground-Floor Residential Income
For Sale
$239,000
140 E Coronado Road #19, Phoenix, AZ 85004
One-bedroom, one-bath co-op unit with a private patio, detached garage, and direct pool views.
Property Size950 SF
Price / SF$251.58
Days on Market11
Property Features for 140 E Coronado Road #19
General Information
Standard status
Active
Size
950 SF
Total Parking Spaces
1
Property subtype
Apartment
Units
Unit Mix
1 x 1BR/1BA
Multifamily Units
1
Building Details
Building Size
950 SF
Year Built
1957
Stories
3
Listing Agency:
Brokers Hub Realty, LLC
(602) 743-7369
Listed By:
Camille Hartmetz · License #SA634769000
(602) 743-7369
Source:
Aznewhorizonrealty
Added: Aug 11
Changed: Aug 20
Last Checked: Aug 20 at 5:26AM
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 Brokers Hub Realty, LLC
Investment Insights
Based on property information with market context.
Located at 140 E Coronado Road #19 in Phoenix, this 950 SF ground-floor co-op residence combines mid-century character with extensive interior updates. The one-bedroom, one-bath layout features wood-look luxury plank vinyl flooring in the main living areas, preserved 1950s kitchen cabinetry, slate countertops, a gas cooktop, and a custom coffee station. The bathroom has been remodeled with quartz and marble finishes, a marble tile shower, dual shower fixtures, upgraded lighting, and a floating quartz vanity. The bedroom includes two closets, while additional linen and bathroom storage adds practical utility.
The unit opens to an exterior patio facing the pool and mature trees, with walls of windows and a refurbished double slider bringing in natural light. Community amenities include two pools and landscaped grounds. A detached one-car garage with built-in storage is included. The property is part of a hybrid co-op structure in which buyers receive title and deed to the property, while the community operates cooperatively. The HOA covers telephone and cable separately, with a capital-improvement assessment in place through 2027.
The unit opens to an exterior patio facing the pool and mature trees, with walls of windows and a refurbished double slider bringing in natural light. Community amenities include two pools and landscaped grounds. A detached one-car garage with built-in storage is included. The property is part of a hybrid co-op structure in which buyers receive title and deed to the property, while the community operates cooperatively. The HOA covers telephone and cable separately, with a capital-improvement assessment in place through 2027.
Key Highlights
- 950 SF one‑bedroom, one‑bath ground‑floor co‑op residence
- Pool‑facing exterior patio with views of mature trees
- Detached one‑car garage with built‑in storage
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
$11,080
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
4.64%
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%
$221,600
$221.6K
Cap Rate 7%
$158,286
$158.3K
Cap Rate 9%
$123,111
$123.1K
Market Conditions
NOI Build-Up for 950 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
$21.4K $22.56/SF
− Vacancy
−$1.3K −$1.35/SF
EGI
$20.1K $21.21/SF
− OpEx
−$9.1K −$9.54/SF
NOI
$11.1K $11.66/SF
Area
Phoenix, AZ
Vacancy
6.00%
Lease Rate
$22.56 /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%
$221,600
Cap Rate 7%
$158,286
Cap Rate 9%
$123,111
Alternative Uses
Best Use
Apartment 5plus
$158.3K
$138.5K – $184.7K
NOI $11,080 @ 7.0% cap · market cap 4.64%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$287.8K
$251.8K – $335.7K
NOI $20,143 @ 7.0% cap · market cap 8.43%
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
1,850
Businesses Nearby
Explore this area
Business Placement
Demographics for 85004, AZ
8,833
Population
6,455
Households
1.4
Avg Household Size
32
Median Age
59%
College-Educated
90%
High-School Grad
2.1 sq mi
ZIP Area
4,206
Density / Sq Mi
$71,250
Median Household Income
$46,376
Median Earnings
$1,759
Median Rent
$365,500
Median Home Value
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Residential income property - One-bedroom, one-bath co-op unit with a private patio, detached garage, and direct pool views.
Where is this residential income property located?
The property is located at 140 E Coronado Road #19 Phoenix, AZ.
What is the asking price?
The asking price for this property is $239,000.
What are key features of this property?
This property features: 950 SF one‑bedroom, one‑bath ground‑floor co‑op residence; Pool‑facing exterior patio with views of mature trees; Detached one‑car garage with built‑in storage
