Sonoran Foothills Condo with
For Sale
$429,999
Pending
2425 W BRONCO BUTTE Trail 1002, Phoenix, AZ 85085
Two-bedroom condo in gated community with modern amenities and upgrades.
Property Size1,662 SF
Lot Size0.04 Acres
Days on Market702
Property Features for 2425 W BRONCO BUTTE Trail 1002
General Information
Standard status
Pending
Size
1,662 SF
Lot size
0.04 Acres
Property subtype
Condo/Townhome
Taxes and HOA fees
Annual Taxes
$2,258
Building Details
Year Built
2014
Listing Agency:
Realty ONE Group
(480) 433-7556
Listed By:
Kirsten Goebeler · License #SA665100000
(480) 433-7556
Source:
Exitrealty
Added: Sep 27, 2024
Changed: Aug 8
Last Checked: Jul 23 at 7:38AM
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
Investment Insights
Based on property information with market context.
Located in the Desert Village gated community of Sonoran Foothills, this former model home features 2 bedrooms, 2 bathrooms, and a home office. This single-level home offers direct garage access and an open great room with a gas fireplace. The gourmet kitchen is equipped with granite counters, rich cabinetry, and GE Café appliances, along with a newer dishwasher and water heater. The primary suite includes a designer accent wall and a custom-tiled walk-in shower with grab bars. Residents have access to a private pool, spa, fitness center, and all Sonoran Foothills amenities. The property is situated approximately 2 miles from the TSMC chip plant and near I-17.
Key Highlights
- Below market price offering instant equity.
- Located in the gated Desert Village community of Sonoran Foothills with private pool, spa, and fitness center.
- Single‑level home with direct garage access (no stairs).
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
$19,385
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
4.51%
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%
$387,700
$387.7K
Cap Rate 7%
$276,929
$276.9K
Cap Rate 9%
$215,389
$215.4K
Market Conditions
NOI Build-Up for 1,662 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
$37.5K $22.56/SF
− Vacancy
−$2.2K −$1.35/SF
EGI
$35.2K $21.21/SF
− OpEx
−$15.9K −$9.54/SF
NOI
$19.4K $11.66/SF
Area
Phoenix, AZ
Vacancy
6.00%
Lease Rate
$22.56 /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%
$387,700
Cap Rate 7%
$276,929
Cap Rate 9%
$215,389
Alternative Uses
Best Use
Apartment 5plus
$276.9K
$242.3K – $323.1K
NOI $19,385 @ 7.0% cap · market cap 4.51%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$503.4K
$440.5K – $587.3K
NOI $35,240 @ 7.0% cap · market cap 8.20%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
219
Businesses Nearby
Explore this area
Business Placement
Demographics for 85085, AZ
27,875
Population
12,737
Households
2.2
Avg Household Size
36
Median Age
51%
College-Educated
97%
High-School Grad
38.1 sq mi
ZIP Area
732
Density / Sq Mi
$122,138
Median Household Income
$70,162
Median Earnings
$1,818
Median Rent
$589,000
Median Home Value
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Residential income property - Two-bedroom condo in gated community with modern amenities and upgrades.
Where is this residential income property located?
The property is located at 2425 W BRONCO BUTTE Trail 1002 Phoenix, AZ.
What is the asking price?
The asking price for this property is $429,999.
What are key features of this property?
This property features: Below market price offering instant equity.; Located in the gated Desert Village community of Sonoran Foothills with private pool, spa, and fitness center.; Single‑level home with direct garage access (no stairs).
