Ground-Floor Short-Term Rental
For Sale
$329,900
15095 N THOMPSON PEAK Parkway 1064, Scottsdale, AZ 85260
Short-term rentals are permitted, and the residence has two fully separate bedrooms.
Property Size924 SF
Price / SF$357.03
Days on Market106
Property Features for 15095 N THOMPSON PEAK Parkway 1064
General Information
Standard status
Active
Size
924 SF
Property subtype
Apartment
Additional Details
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$903
Amenities
pool
spa
clubhouse
fitness center
private patios
fireplace
in-unit washer/dryer
Building Details
Building Size
924 SF
Year Built
1995
Listing Agency:
Compass
Listed By:
Aimee M Nairn
(602) 550-9985
Source:
Sonoranlifestyle
Added: Jul 20
Changed: Nov 1
Last Checked: Oct 31 at 2:35PM
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 Compass
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Investment Insights
Based on property information with market context.
This ground-level Scottsdale condominium offers 924 square feet with two private bedrooms and one bathroom. Removal of the former connecting doorway leaves the bedrooms separately accessed. Interior improvements include white cabinetry, quartz counters, wood-look floors, newer stainless-steel appliances and an updated bathroom. The primary bedroom features a walk-in closet and fireplace, and a full-size washer and dryer are included. Two patios overlook landscaped green space and mountain views.
Short-term rentals are permitted. Community amenities include two pools, one heated, a spa, clubhouse and fitness center. Grocery stores, shopping and dining are within walking distance.
Short-term rentals are permitted. Community amenities include two pools, one heated, a spa, clubhouse and fitness center. Grocery stores, shopping and dining are within walking distance.
Key Highlights
- 924‑SF ground‑floor condominium with a two‑bedroom, one‑bath layout
- Bedrooms are fully separate, with the connecting doorway removed
- Two private patios face green space and mountain views
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$10,691
Cap Rate
3.24%
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 3.24%
Second Best
—
—
no second resolved use
Theoretical Best
Retail
$303.3K
$265.4K – $353.9K
NOI $21,233 @ 7.0% cap · market cap 6.44%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Lease Details
1
Residential units
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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Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Short term rental property - Short-term rentals are permitted, and the residence has two fully separate bedrooms.
Where is this short term rental property located?
The property is located at 15095 N THOMPSON PEAK Parkway 1064 Scottsdale, AZ.
What is the asking price?
The asking price for this property is $329,900.
What are key features of this property?
This property features: 924‑SF ground‑floor condominium with a two‑bedroom, one‑bath layout; Bedrooms are fully separate, with the connecting doorway removed; Two private patios face green space and mountain views
