Ground-Floor Residential Income
For Sale
$411,000
Pending
14000 N 94TH Street #1200, Scottsdale, AZ 85260
A step-free first-floor unit features updated interior finishes and access to shared recreation and fitness amenities.
Property Size1,299 SF
Days on Market297
Property Features for 14000 N 94TH Street #1200
General Information
Standard status
Pending
Size
1,299 SF
Elevators
Yes
Property subtype
Apartment
Additional Details
Multifamily Units
1
Amenities
multiple heated pools and spas
clubhouse
workout facility
gated entry
gated underground parking
elevators
community walking paths
landscaping
Building Details
Building Size
1,299 SF
Year Built
2002
Stories
1
Listing Agency:
HomeSmart
Listed By:
Maria Radulovic
(480) 226-0998
Source:
Kwelsalvador.kw
Added: Dec 15, 2025
Changed: Oct 1
Last Checked: Oct 7 at 8:51AM
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 first-floor residential unit has no interior steps and includes granite countertops, upgraded cabinetry, stainless steel appliances, contemporary flooring, plantation shutters, and updated fixtures. Built in 2002, it is positioned about 75 feet from a pool and overlooks interior walking paths and pool areas.
Community amenities include multiple heated pools and spas, a clubhouse, a workout facility, gated entry, gated underground parking, elevators, walking paths, and landscaped grounds. The property is at 14000 N 94TH Street #1200 in Scottsdale.
Community amenities include multiple heated pools and spas, a clubhouse, a workout facility, gated entry, gated underground parking, elevators, walking paths, and landscaped grounds. The property is at 14000 N 94TH Street #1200 in Scottsdale.
Key Highlights
- First‑floor unit with no interior steps
- Approximately 75 feet from a pool
- Granite countertops, upgraded cabinetry, stainless steel appliances, and modern flooring
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$15,030
Cap Rate
3.66%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$300,600
$300.6K
Cap Rate 7%
$214,714
$214.7K
Cap Rate 9%
$167,000
$167.0K
Market Conditions
NOI Build-Up for 1,299 SF
Gross rent
$28.5K $21.96/SF
− Vacancy
−$1.2K −$0.92/SF
EGI
$27.3K $21.04/SF
− OpEx
−$12.3K −$9.47/SF
NOI
$15.0K $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 Rate 5%
$300,600
Cap Rate 7%
$214,714
Cap Rate 9%
$167,000
Alternative Uses
Best Use
Apartment 5plus
$214.7K
$187.9K – $250.5K
NOI $15,030 @ 7.0% cap · market cap 3.66%
Second Best
—
—
no second resolved use
Theoretical Best
Retail
$426.4K
$373.1K – $497.5K
NOI $29,850 @ 7.0% cap · market cap 7.26%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
986
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
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Frequently Asked Questions
What type of property is this?
Residential income property - A step-free first-floor unit features updated interior finishes and access to shared recreation and fitness amenities.
Where is this residential income property located?
The property is located at 14000 N 94TH Street #1200 Scottsdale, AZ.
What is the asking price?
The asking price for this property is $411,000.
What are key features of this property?
This property features: First‑floor unit with no interior steps; Approximately 75 feet from a pool; Granite countertops, upgraded cabinetry, stainless steel appliances, and modern flooring
