Updated Residential Income
New
For Sale
$255,000
14575 W Mountain View Blvd #11208, Surprise, AZ 85374
Two-bedroom condominium with refreshed interiors, newer mechanical systems, and extensive shared recreational amenities.
Property Size1,289 SF
Price / SF$197.83
Days on Market2
Property Features for 14575 W Mountain View Blvd #11208
General Information
Standard status
Active
Size
1,289 SF
Property subtype
Multi-Family
Amenities
Community swimming pool
BBQ
Theater Room
Jacuzzi
Weight room/fitness area
Masseuse
Pool table
Community kitchen and lounge area
Building Details
Year Built
2006
Listing Agency:
Realty One Group
(623) 383-4697
Listed By:
Ryan Bieber
(623) 323-9559
Source:
Searcharizonahomesforsale
Added: Sep 11
Last Checked: Sep 12 at 8:06AM
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 Realty One Group
Investment Insights
Based on property information with market context.
This 1,289-square-foot residential income property is a two-bedroom, two-bath condominium built in 2006. Interior improvements completed in 2023 include updated flooring, refreshed kitchen cabinetry, a new A/C system, and replacement installation of the stove, dishwasher, microwave, washer, and dryer. The layout combines residential functionality with low-maintenance ownership in a managed community setting.
Residents have access to a broad collection of shared amenities at 14575 W Mountain View Blvd #11208 in Surprise, Arizona, including a swimming pool, Jacuzzi, BBQ area, theater room, fitness area, pool table, community kitchen, lounge, and masseuse services.
Residents have access to a broad collection of shared amenities at 14575 W Mountain View Blvd #11208 in Surprise, Arizona, including a swimming pool, Jacuzzi, BBQ area, theater room, fitness area, pool table, community kitchen, lounge, and masseuse services.
Key Highlights
- 1,289‑square‑foot two‑bedroom, two‑bath condominium
- Updated flooring and refreshed kitchen cabinetry completed in 2023
- New A/C system installed in 2023
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
$13,223
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
5.19%
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%
$264,460
$264.5K
Cap Rate 7%
$188,900
$188.9K
Cap Rate 9%
$146,922
$146.9K
Market Conditions
NOI Build-Up for 1,289 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
$25.5K $19.80/SF
− Vacancy
−$1.5K −$1.15/SF
EGI
$24.0K $18.65/SF
− OpEx
−$10.8K −$8.39/SF
NOI
$13.2K $10.26/SF
Area
Surprise, AZ
Vacancy
5.80%
Lease Rate
$19.80 /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%
$264,460
Cap Rate 7%
$188,900
Cap Rate 9%
$146,922
Alternative Uses
Best Use
Apartment 5plus
$188.9K
$165.3K – $220.4K
NOI $13,223 @ 7.0% cap · market cap 5.19%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$397.5K
$347.8K – $463.8K
NOI $27,826 @ 7.0% cap · market cap 10.91%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,404
Businesses Nearby
Explore this area
Business Placement
Demographics for 85374, AZ
41,182
Population
21,982
Households
1.9
Avg Household Size
61
Median Age
30%
College-Educated
95%
High-School Grad
12.8 sq mi
ZIP Area
3,217
Density / Sq Mi
$78,690
Median Household Income
$45,427
Median Earnings
$1,897
Median Rent
$355,800
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
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 condominium with refreshed interiors, newer mechanical systems, and extensive shared recreational amenities.
Where is this residential income property located?
The property is located at 14575 W Mountain View Blvd #11208 Surprise, AZ.
What is the asking price?
The asking price for this property is $255,000.
What are key features of this property?
This property features: 1,289‑square‑foot two‑bedroom, two‑bath condominium; Updated flooring and refreshed kitchen cabinetry completed in 2023; New A/C system installed in 2023
