Two-Bedroom
For Sale
$236,000
312 W YUKON Drive 2, Phoenix, AZ 85027
Split-bedroom layout with included appliances, covered parking, and durable tile flooring in the main living spaces.
Property Size863 SF
Price / SF$273.46
Days on Market9
Property Features for 312 W YUKON Drive 2
General Information
Standard status
Active
Size
863 SF
Total Parking Spaces
1
Property subtype
Apartment
Additional Details
Highway Access
Yes
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$531
Building Details
Building Size
863 SF
Year Built
1983
Listing Agency:
101 Realty & Management LLC
(602) 460-3113
Listed By:
Christopher Sanchez · License #BR638387000
(602) 460-3113
Source:
Luxuryhomesdesertmountain
Added: Aug 14
Changed: Aug 21
Last Checked: Aug 22 at 10:45AM
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 101 Realty & Management LLC
Investment Insights
Based on property information with market context.
This 863-square-foot condominium, built in 1983, provides a two-bedroom, two-bath layout with a split-bedroom design. Tile flooring extends through the living areas, kitchen, and bathrooms, while both bedrooms feature carpet. Kitchen appliances are included, and the property has a covered parking space.
The residence is located in North Phoenix at 312 W Yukon Drive 2, Phoenix, AZ 85027. Loop 101, I-17, and SR-51 are minutes away, connecting the property with shopping, dining, entertainment, and major employers throughout the Valley.
The residence is located in North Phoenix at 312 W Yukon Drive 2, Phoenix, AZ 85027. Loop 101, I-17, and SR-51 are minutes away, connecting the property with shopping, dining, entertainment, and major employers throughout the Valley.
Key Highlights
- 863 SF condominium with 2 bedrooms and 2 bathrooms
- Split‑bedroom floor plan
- Tile flooring in living areas, kitchen, and bathrooms
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
$10,066
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
4.27%
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%
$201,320
$201.3K
Cap Rate 7%
$143,800
$143.8K
Cap Rate 9%
$111,844
$111.8K
Market Conditions
NOI Build-Up for 863 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
$19.5K $22.56/SF
− Vacancy
−$1.2K −$1.35/SF
EGI
$18.3K $21.21/SF
− OpEx
−$8.2K −$9.54/SF
NOI
$10.1K $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%
$201,320
Cap Rate 7%
$143,800
Cap Rate 9%
$111,844
Alternative Uses
Best Use
Apartment 5plus
$143.8K
$125.8K – $167.8K
NOI $10,066 @ 7.0% cap · market cap 4.27%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$261.4K
$228.7K – $305.0K
NOI $18,299 @ 7.0% cap · market cap 7.75%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
1
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
253
Businesses Nearby
Explore this area
Business Placement
Demographics for 85027, AZ
38,343
Population
17,458
Households
2.2
Avg Household Size
36
Median Age
29%
College-Educated
92%
High-School Grad
11.7 sq mi
ZIP Area
3,277
Density / Sq Mi
$73,255
Median Household Income
$46,338
Median Earnings
$1,488
Median Rent
$316,100
Median Home Value
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Residential income property - Split-bedroom layout with included appliances, covered parking, and durable tile flooring in the main living spaces.
Where is this residential income property located?
The property is located at 312 W YUKON Drive 2 Phoenix, AZ.
What is the asking price?
The asking price for this property is $236,000.
What are key features of this property?
This property features: 863 SF condominium with 2 bedrooms and 2 bathrooms; Split‑bedroom floor plan; Tile flooring in living areas, kitchen, and bathrooms
