Two-Bedroom Condominium with Dual
New
For Sale
$335,000
15095 N Thompson Peak Parkway #1071, Scottsdale, AZ 85260
Ground-floor residence with two private outdoor areas and access to community fitness and recreation amenities.
Property Size924 SF
Price / SF$362.55
Days on Market3
Property Features for 15095 N Thompson Peak Parkway #1071
General Information
Standard status
Active
Size
924 SF
Property subtype
Multi-Family
Units
Unit Mix
1 x 2BR/1BA
Multifamily Units
1
Additional Details
Highway Access
Yes
Amenities
swimming pools
putting green
green spaces
fitness center
clubhouse
Building Details
Year Built
1995
Listing Agency:
West Usa Realty
(602) 942-4200
Listed By:
The Garcia Group
(480) 771-2303
Source:
Beckygarcia
Added: Oct 24
Changed: Oct 25
Last Checked: Oct 24 at 3:27PM
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 West Usa Realty
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Investment Insights
Based on property information with market context.
This 924-square-foot condominium was built in 1995 and occupies a ground-floor position. The two-bedroom, one-bath layout has tile flooring in the main living spaces and carpet in both bedrooms. Stainless steel appliances serve a kitchen open to the dining and living areas. A fireplace and patio access are features of the primary suite, and the bathroom has dual vanities. Two patios provide separate outdoor spaces, each with a storage closet.
Community amenities include two swimming pools, a putting green, open green space, a fitness center, and a clubhouse. The property is at 15095 N Thompson Peak Parkway in Scottsdale, with access to Loop 101. The remarks also identify Barrett-Jackson and the WM Phoenix Open, along with dining and shopping, as nearby destinations.
Community amenities include two swimming pools, a putting green, open green space, a fitness center, and a clubhouse. The property is at 15095 N Thompson Peak Parkway in Scottsdale, with access to Loop 101. The remarks also identify Barrett-Jackson and the WM Phoenix Open, along with dining and shopping, as nearby destinations.
Key Highlights
- 924‑square‑foot, two‑bedroom, one‑bath condominium built in 1995
- Ground‑floor unit with two patios, each with a storage closet
- Primary suite includes a fireplace and direct patio access
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$10,691
Cap Rate
3.19%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$213,820
$213.8K
Cap Rate 7%
$152,729
$152.7K
Cap Rate 9%
$118,789
$118.8K
Market Conditions
NOI Build-Up for 924 SF
Gross rent
$20.3K $21.96/SF
− Vacancy
−$852 −$0.92/SF
EGI
$19.4K $21.04/SF
− OpEx
−$8.7K −$9.47/SF
NOI
$10.7K $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 Rate 5%
$213,820
Cap Rate 7%
$152,729
Cap Rate 9%
$118,789
Alternative Uses
Best Use
Apartment 5plus
$152.7K
$133.6K – $178.2K
NOI $10,691 @ 7.0% cap · market cap 3.19%
Second Best
—
—
no second resolved use
Theoretical Best
Retail
$303.3K
$265.4K – $353.9K
NOI $21,233 @ 7.0% cap · market cap 6.34%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
1
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,019
Businesses Nearby
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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 - Ground-floor residence with two private outdoor areas and access to community fitness and recreation amenities.
Where is this residential income property located?
The property is located at 15095 N Thompson Peak Parkway #1071 Scottsdale, AZ.
What is the asking price?
The asking price for this property is $335,000.
What are key features of this property?
This property features: 924‑square‑foot, two‑bedroom, one‑bath condominium built in 1995; Ground‑floor unit with two patios, each with a storage closet; Primary suite includes a fireplace and direct patio access
