Second-Floor Residential Income
For Sale
$310,000
15095 N THOMPSON PEAK Parkway 2015, Scottsdale, AZ 85260
Community amenities include two swimming pools, spa facilities, a fitness center, and a clubhouse.
Property Size924 SF
Price / SF$335.50
Days on Market106
Property Features for 15095 N THOMPSON PEAK Parkway 2015
General Information
Standard status
Active
Size
924 SF
Property subtype
Apartment
Units
Unit Mix
1 x 2BR/1BA
Multifamily Units
1
Additional Details
Highway Access
Yes
Taxes and HOA fees
Annual Taxes
$761
Amenities
resort-style swimming pools
spas
fitness center
clubhouse
green spaces
Building Details
Building Size
924 SF
Year Built
1995
Listing Agency:
HomeSmart
Listed By:
Sergio Norzagaray
(602) 476-4437
Source:
Sonoranlifestyle
Added: Jul 17
Changed: Oct 26
Last Checked: Oct 26 at 2:18PM
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 HomeSmart
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Investment Insights
Based on property information with market context.
This second-level condominium offers 924 square feet with two bedrooms and one bathroom. The kitchen has granite countertops, and the residence was built in 1995. Short-term rentals are allowed subject to HOA requirements.
Residents have access to two pools and spas, a fitness center, clubhouse, and landscaped common areas. The property is near Loop 101, WestWorld of Scottsdale, TPC Scottsdale, Barrett-Jackson, and the WM Phoenix Open, with shopping, dining, and AJ's Fine Foods also nearby.
Residents have access to two pools and spas, a fitness center, clubhouse, and landscaped common areas. The property is near Loop 101, WestWorld of Scottsdale, TPC Scottsdale, Barrett-Jackson, and the WM Phoenix Open, with shopping, dining, and AJ's Fine Foods also nearby.
Key Highlights
- 924‑square‑foot condominium with 2 bedrooms and 1 bathroom
- Second‑floor residence with granite kitchen countertops
- Community has two swimming pools and spas, a fitness center, and clubhouse
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$10,691
Cap Rate
3.45%
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 3.45%
Second Best
—
—
no second resolved use
Theoretical Best
Retail
$303.3K
$265.4K – $353.9K
NOI $21,233 @ 7.0% cap · market cap 6.85%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Lease Details
1
Residential units
Yes
Highway access
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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Frequently Asked Questions
What type of property is this?
Residential income property - Community amenities include two swimming pools, spa facilities, a fitness center, and a clubhouse.
Where is this residential income property located?
The property is located at 15095 N THOMPSON PEAK Parkway 2015 Scottsdale, AZ.
What is the asking price?
The asking price for this property is $310,000.
What are key features of this property?
This property features: 924‑square‑foot condominium with 2 bedrooms and 1 bathroom; Second‑floor residence with granite kitchen countertops; Community has two swimming pools and spas, a fitness center, and clubhouse
