Updated Residential Income
For Sale
$445,000
15095 N Thompson Peak Parkway #1061, Scottsdale, AZ 85260
First-floor end-unit condo with renovated bathrooms, upgraded mechanical systems, and access to extensive community amenities.
Property Size1,147 SF
Price / SF$387.97
Days on Market63
Property Features for 15095 N Thompson Peak Parkway #1061
General Information
Standard status
Active
Size
1,147 SF
Property subtype
Multi-Family
Additional Details
Multifamily Units
1
Amenities
heated pools
built-in barbecue grills
community fire pit
clubhouse
fitness center
Building Details
Year Built
1995
Listing Agency:
Real Broker
(602) 755-3415
Listed By:
Tucker and Oleg
(602) 688-2836
Source:
Kennethjamesrealty
Added: Sep 1
Changed: Nov 1
Last Checked: Nov 1 at 5:46AM
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 Real Broker
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This first-floor end-unit condo provides stair-free access and abundant natural light. The residence includes an updated kitchen with a refrigerator and garbage disposal installed in late 2025, along with two renovated bathrooms. A day/night HVAC system and high-efficiency water heater, both replaced in 2021, add to the property’s updated mechanical profile.
Located at 15095 N Thompson Peak Parkway in Scottsdale’s Cactus Corridor, the community offers two heated pools, built-in barbecue grills, a fire pit, clubhouse, and fitness center. The HOA handles exterior maintenance. Built in 1995, the condominium can serve as a personal residence or investment property.
Located at 15095 N Thompson Peak Parkway in Scottsdale’s Cactus Corridor, the community offers two heated pools, built-in barbecue grills, a fire pit, clubhouse, and fitness center. The HOA handles exterior maintenance. Built in 1995, the condominium can serve as a personal residence or investment property.
Key Highlights
- First‑floor end unit with stair‑free access and abundant natural light
- Two completely renovated bathrooms
- Kitchen refrigerator and garbage disposal installed in late 2025
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$13,272
Cap Rate
2.98%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$265,440
$265.4K
Cap Rate 7%
$189,600
$189.6K
Cap Rate 9%
$147,467
$147.5K
Market Conditions
NOI Build-Up for 1,147 SF
Gross rent
$25.2K $21.96/SF
− Vacancy
−$1.1K −$0.92/SF
EGI
$24.1K $21.04/SF
− OpEx
−$10.9K −$9.47/SF
NOI
$13.3K $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%
$265,440
Cap Rate 7%
$189,600
Cap Rate 9%
$147,467
Alternative Uses
Best Use
Apartment 5plus
$189.6K
$165.9K – $221.2K
NOI $13,272 @ 7.0% cap · market cap 2.98%
Second Best
—
—
no second resolved use
Theoretical Best
Retail
$376.5K
$329.5K – $439.3K
NOI $26,357 @ 7.0% cap · market cap 5.92%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
1,019
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Frequently Asked Questions
What type of property is this?
Residential income property - First-floor end-unit condo with renovated bathrooms, upgraded mechanical systems, and access to extensive community amenities.
Where is this residential income property located?
The property is located at 15095 N Thompson Peak Parkway #1061 Scottsdale, AZ.
What is the asking price?
The asking price for this property is $445,000.
What are key features of this property?
This property features: First‑floor end unit with stair‑free access and abundant natural light; Two completely renovated bathrooms; Kitchen refrigerator and garbage disposal installed in late 2025
