Loft-Style
New
For Sale
$199,000
4828 W ORANGEWOOD Avenue 202, Glendale, AZ 85301
A one-bedroom residence combines a vaulted interior with a separate loft area and a walk-in closet.
Property Size872 SF
Days on Market7
Property Features for 4828 W ORANGEWOOD Avenue 202
General Information
Standard status
Active
Size
872 SF
Property subtype
Apartment
Additional Details
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$444
Amenities
park
playground
pool
Building Details
Building Size
872 SF
Year Built
1984
Stories
2
Listing Agency:
Real Estate Collection
Listed By:
Tingting Cai
(602) 321-5848
Source:
Alexiabertsatos
Added: Sep 25
Changed: Sep 29
Last Checked: Oct 1 at 4:18PM
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 Real Estate Collection
Investment Insights
Based on property information with market context.
Built in 1984, this two-story apartment has one bedroom, a full bathroom, and a loft. The bedroom includes a walk-in closet. Inside, vaulted ceilings complement wood-look flooring and tile, while the kitchen features white cabinetry, a two-tier peninsula, and stainless steel appliances.
Community amenities include a park, playground, and pool.
Community amenities include a park, playground, and pool.
Key Highlights
- One‑bedroom, two‑story apartment with a loft
- Bedroom includes a walk‑in closet
- Kitchen has white cabinetry, a two‑tier peninsula, and stainless steel appliances
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
$8,879
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
4.46%
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%
$177,580
$177.6K
Cap Rate 7%
$126,843
$126.8K
Cap Rate 9%
$98,656
$98.7K
Market Conditions
NOI Build-Up for 872 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
$17.3K $19.80/SF
− Vacancy
−$1.1K −$1.29/SF
EGI
$16.1K $18.51/SF
− OpEx
−$7.3K −$8.33/SF
NOI
$8.9K $10.18/SF
Area
Glendale, AZ
Vacancy
6.50%
Lease Rate
$19.80 /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%
$177,580
Cap Rate 7%
$126,843
Cap Rate 9%
$98,656
Alternative Uses
Best Use
Apartment 5plus
$126.8K
$111.0K – $148.0K
NOI $8,879 @ 7.0% cap · market cap 4.46%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$273.9K
$239.7K – $319.6K
NOI $19,173 @ 7.0% cap · market cap 9.63%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
764
Businesses Nearby
Explore this area
Business Placement
Demographics for 85301, AZ
67,380
Population
24,019
Households
2.8
Avg Household Size
30
Median Age
11%
College-Educated
71%
High-School Grad
9.3 sq mi
ZIP Area
7,245
Density / Sq Mi
$47,422
Median Household Income
$33,727
Median Earnings
$1,189
Median Rent
$218,100
Median Home Value
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Frequently Asked Questions
What type of property is this?
Residential income property - A one-bedroom residence combines a vaulted interior with a separate loft area and a walk-in closet.
Where is this residential income property located?
The property is located at 4828 W ORANGEWOOD Avenue 202 Glendale, AZ.
What is the asking price?
The asking price for this property is $199,000.
What are key features of this property?
This property features: One‑bedroom, two‑story apartment with a loft; Bedroom includes a walk‑in closet; Kitchen has white cabinetry, a two‑tier peninsula, and stainless steel appliances
