Short-Term Rental Property with
For Sale
$445,000
15095 N THOMPSON PEAK Parkway 1118, Scottsdale, AZ 85260
Ground-level end unit with remodeled interiors, patio mountain views, and access to extensive community amenities.
Property Size1,147 SF
Days on Market193
Property Features for 15095 N THOMPSON PEAK Parkway 1118
General Information
Standard status
Active
Size
1,147 SF
Property subtype
Apartment
Units
Unit Mix
1 x 2BR/2BA
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$1,146
Amenities
fireplace
clubhouse
pool
spa
BBQ area
firepit
fitness center
sauna
steam room
Building Details
Building Size
1,147 SF
Year Built
1995
Listing Agency:
Realty ONE Group
Listed By:
Keith Walker
(602) 561-9251
Source:
Jcluxuryresidential
Added: Apr 9
Changed: Oct 6
Last Checked: Oct 16 at 2:40PM
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
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Investment Insights
Based on property information with market context.
This ground-floor end unit at 15095 N Thompson Peak Parkway in Scottsdale offers two bedrooms and two fully remodeled baths. The interior uses an open layout centered on a great room with a fireplace, while both bedrooms provide walk-in closets. Flooring throughout is carpet-free, and a new HVAC system was installed in August 2024. The property was built in 1995.
Community amenities include a clubhouse, pool, spa, BBQ area, firepit, fitness center, sauna, and steam room. The patio captures mountain views. Short-term rentals are permitted without restrictions, adding flexibility for an income-producing residential strategy.
Community amenities include a clubhouse, pool, spa, BBQ area, firepit, fitness center, sauna, and steam room. The patio captures mountain views. Short-term rentals are permitted without restrictions, adding flexibility for an income-producing residential strategy.
Key Highlights
- Short‑term rentals permitted without restrictions
- Ground‑floor end unit with 2 bedrooms and 2 fully remodeled baths
- New HVAC installed in August 2024
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.
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Property Analytics
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Current Use
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
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Cap Rate, Value Estimation, Potential NOI and more
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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 - Ground-level end unit with remodeled interiors, patio mountain views, and access to extensive community amenities.
Where is this short term rental property located?
The property is located at 15095 N THOMPSON PEAK Parkway 1118 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: Short‑term rentals permitted without restrictions; Ground‑floor end unit with 2 bedrooms and 2 fully remodeled baths; New HVAC installed in August 2024
