Furnished One-Bedroom Residential
For Sale
$319,000
20100 N 78TH Place 2014, Scottsdale, AZ 85255
Renovated, fully furnished residence with a dedicated garage, covered parking, and access to gated resort-style amenities.
Property Size904 SF
Price / SF$352.88
Days on Market35
Property Features for 20100 N 78TH Place 2014
General Information
Standard status
Active
Size
904 SF
Total Parking Spaces
2
Property subtype
Apartment
Units
Unit Mix
1 x 1BR/1BA
Multifamily Units
1
Additional Details
Furnished
Yes
Highway Access
Yes
Taxes and HOA fees
Annual Taxes
$1,209
Amenities
heated pools
spa
fitness center
clubhouse
theater
billiards
concierge services
gated community
in-unit laundry
Building Details
Building Size
904 SF
Year Built
2001
Listing Agency:
Keller Williams Integrity First Realty
Listed By:
Judah Kelly
(202) 210-3380
Source:
Luxuryhomesdesertmountain
Added: Aug 14
Changed: Sep 13
Last Checked: Sep 17 at 12:07AM
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 Keller Williams Integrity First Realty
Investment Insights
Based on property information with market context.
This 904-square-foot, one-bedroom residential property at The Edge at Grayhawk was built in 2001 and has been renovated with contemporary finishes. The open layout connects the kitchen, living, and dining areas, while the kitchen includes white cabinetry, quartz countertops, stainless steel appliances, a tile backsplash, and pendant lighting. The bathroom has updated cabinetry, a quartz countertop, and a modern tile shower and tub surround. In-unit laundry, updated flooring, plantation-style blinds, and included furnishings complete the residence. Parking includes a dedicated garage and an assigned covered space.
The gated community offers heated pools and spas, a fitness center, clubhouse, theater, billiards, concierge services, and maintained grounds. The property is located at 20100 N 78TH Place 2014, Scottsdale, AZ 85255, with access to the Loop 101 and proximity to Mayo Clinic, golf, hiking, biking, restaurants, shopping, and entertainment.
The gated community offers heated pools and spas, a fitness center, clubhouse, theater, billiards, concierge services, and maintained grounds. The property is located at 20100 N 78TH Place 2014, Scottsdale, AZ 85255, with access to the Loop 101 and proximity to Mayo Clinic, golf, hiking, biking, restaurants, shopping, and entertainment.
Key Highlights
- 904 sq. ft. one‑bedroom residence at The Edge at Grayhawk
- Renovated kitchen and bathroom with quartz countertops and updated finishes
- Fully furnished, including decor and accessories
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
$10,460
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
3.28%
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%
$209,200
$209.2K
Cap Rate 7%
$149,429
$149.4K
Cap Rate 9%
$116,222
$116.2K
Market Conditions
NOI Build-Up for 904 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
$19.9K $21.96/SF
− Vacancy
−$834 −$0.92/SF
EGI
$19.0K $21.04/SF
− OpEx
−$8.6K −$9.47/SF
NOI
$10.5K $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%
$209,200
Cap Rate 7%
$149,429
Cap Rate 9%
$116,222
Alternative Uses
Best Use
Apartment 5plus
$149.4K
$130.8K – $174.3K
NOI $10,460 @ 7.0% cap · market cap 3.28%
Second Best
—
—
no second resolved use
Theoretical Best
Retail
$296.8K
$259.7K – $346.2K
NOI $20,773 @ 7.0% cap · market cap 6.51%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
1
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
413
Businesses Nearby
Explore this area
Business Placement
Demographics for 85255, AZ
44,976
Population
23,016
Households
2
Avg Household Size
51
Median Age
68%
College-Educated
98%
High-School Grad
88.2 sq mi
ZIP Area
510
Density / Sq Mi
$143,567
Median Household Income
$93,339
Median Earnings
$2,401
Median Rent
$975,300
Median Home Value
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Frequently Asked Questions
What type of property is this?
Residential income property - Renovated, fully furnished residence with a dedicated garage, covered parking, and access to gated resort-style amenities.
Where is this residential income property located?
The property is located at 20100 N 78TH Place 2014 Scottsdale, AZ.
What is the asking price?
The asking price for this property is $319,000.
What are key features of this property?
This property features: 904 sq. ft. one‑bedroom residence at The Edge at Grayhawk; Renovated kitchen and bathroom with quartz countertops and updated finishes; Fully furnished, including decor and accessories
