Renovated Residential Income
New
For Sale
$514,900
15252 N 100TH Street 1133, Scottsdale, AZ 85260
Ground-floor end-unit residence with a den, two patios, updated finishes, and convenient access to Scottsdale amenities.
Property Size1,607 SF
Price / SF$320.41
Days on Market3
Property Features for 15252 N 100TH Street 1133
General Information
Standard status
Active
Size
1,607 SF
Property subtype
Apartment
Units
Unit Mix
1 x 2BR/2BA
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$1,471
Building Details
Building Size
1,607 SF
Year Built
1997
Year Renovated
2023
Listing Agency:
Redfin Corporation
Listed By:
Kimberley Doering · License #SA584536000
(602) 909-3828
Source:
Jcluxuryresidential
Added: Sep 1
Changed: Sep 3
Last Checked: Sep 3 at 2:13AM
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 Redfin Corporation
Investment Insights
Based on property information with market context.
This single-level, ground-floor end-unit residence offers two bedrooms, a den, two full bathrooms, 1,607 square feet, and two tiled patios. The renovation was completed in July 2023, with luxury vinyl flooring, custom shutters, an updated security door, and an air-conditioning unit less than one year old. The kitchen includes white shaker cabinetry, 42-inch upper cabinets, a pantry with pull-out shelving, Calcutta quartz countertops, LG stainless steel appliances, double ovens, a door-in-door refrigerator, a stacked washer and dryer, and a peninsula for added seating and workspace.
The living room features a reconfigured layout and tiled fireplace wall. The primary bathroom has custom tile, dual vanities, and a large linen cabinet, while the home also includes a generous storage closet. Located across from Horizon Park, the residence provides access to a dog park, pickleball courts, and walking paths, with WestWorld of Scottsdale, the Barrett-Jackson Scottsdale Auction, the WM Phoenix Open, Kierland Commons, Scottsdale Quarter, restaurants, and grocery stores nearby.
The living room features a reconfigured layout and tiled fireplace wall. The primary bathroom has custom tile, dual vanities, and a large linen cabinet, while the home also includes a generous storage closet. Located across from Horizon Park, the residence provides access to a dog park, pickleball courts, and walking paths, with WestWorld of Scottsdale, the Barrett-Jackson Scottsdale Auction, the WM Phoenix Open, Kierland Commons, Scottsdale Quarter, restaurants, and grocery stores nearby.
Key Highlights
- 2 bedrooms, a den, 2 full baths, and 1,607 square feet
- Ground‑floor end‑unit with 2 expansive tiled patios
- Complete renovation finished in July 2023
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$18,594
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
3.61%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$371,880
$371.9K
Cap Rate 7%
$265,629
$265.6K
Cap Rate 9%
$206,600
$206.6K
Market Conditions
NOI Build-Up for 1,607 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$35.3K $21.96/SF
− Vacancy
−$1.5K −$0.92/SF
EGI
$33.8K $21.04/SF
− OpEx
−$15.2K −$9.47/SF
NOI
$18.6K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$371,880
Cap Rate 7%
$265,629
Cap Rate 9%
$206,600
Alternative Uses
Best Use
Apartment 5plus
$265.6K
$232.4K – $309.9K
NOI $18,594 @ 7.0% cap · market cap 3.61%
Second Best
—
—
no second resolved use
Theoretical Best
Retail
$527.5K
$461.6K – $615.5K
NOI $36,927 @ 7.0% cap · market cap 7.17%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
949
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
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Residential income property - Ground-floor end-unit residence with a den, two patios, updated finishes, and convenient access to Scottsdale amenities.
Where is this residential income property located?
The property is located at 15252 N 100TH Street 1133 Scottsdale, AZ.
What is the asking price?
The asking price for this property is $514,900.
What are key features of this property?
This property features: 2 bedrooms, a den, 2 full baths, and 1,607 square feet; Ground‑floor end‑unit with 2 expansive tiled patios; Complete renovation finished in July 2023
