Ground-Level One-Bedroom
For Sale
$289,900
5335 E SHEA Boulevard 1094, Scottsdale, AZ 85254
An open-plan residence with in-unit laundry, a covered patio, and access to shared recreation amenities.
Property Size743 SF
Price / SF$390.17
Days on Market76
Property Features for 5335 E SHEA Boulevard 1094
General Information
Standard status
Active
Size
743 SF
Property subtype
Apartment
Additional Details
Highway Access
Yes
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$921
Amenities
heated pool
spa
fitness center
clubhouse
in-unit washer/dryer
private covered patio
stainless steel appliances
Building Details
Building Size
743 SF
Year Built
1993
Listing Agency:
Berkshire Hathaway HomeServices Arizona Properties
Listed By:
Lorelei Carter
(708) 334-0206
Source:
Bvoluxury
Added: Aug 14
Changed: Oct 26
Last Checked: Oct 26 at 10:32AM
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 Berkshire Hathaway HomeServices Arizona Properties
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Investment Insights
Based on property information with market context.
This ground-level condo offers 743 square feet with one bedroom and one bathroom. Its open layout has 9-foot ceilings, and the kitchen includes stainless steel appliances installed less than one year ago. A full-size washer and dryer are inside the unit, and a covered private patio has a sun shade. The property was built in 1993.
Community amenities include a heated pool and spa, fitness center, and clubhouse. Paradise Valley Mall, Kierland, restaurants, shopping, and golf are described as minutes away, with access to the 51 and 101 freeways.
Community amenities include a heated pool and spa, fitness center, and clubhouse. Paradise Valley Mall, Kierland, restaurants, shopping, and golf are described as minutes away, with access to the 51 and 101 freeways.
Key Highlights
- 743 SF, with 1 bedroom and 1 bathroom
- Ground‑level unit with an open floor plan and 9‑foot ceilings
- Stainless steel kitchen appliances installed less than 1 year ago
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$8,597
Cap Rate
2.97%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$171,940
$171.9K
Cap Rate 7%
$122,814
$122.8K
Cap Rate 9%
$95,522
$95.5K
Market Conditions
NOI Build-Up for 743 SF
Gross rent
$16.3K $21.96/SF
− Vacancy
−$685 −$0.92/SF
EGI
$15.6K $21.04/SF
− OpEx
−$7.0K −$9.47/SF
NOI
$8.6K $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 Rate 5%
$171,940
Cap Rate 7%
$122,814
Cap Rate 9%
$95,522
Alternative Uses
Best Use
Apartment 5plus
$122.8K
$107.5K – $143.3K
NOI $8,597 @ 7.0% cap · market cap 2.97%
Second Best
—
—
no second resolved use
Theoretical Best
Retail
$243.9K
$213.4K – $284.6K
NOI $17,073 @ 7.0% cap · market cap 5.89%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Lease Details
1
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
629
Businesses Nearby
Explore this area
Business Placement
Demographics for 85254, AZ
46,352
Population
21,469
Households
2.2
Avg Household Size
45
Median Age
60%
College-Educated
97%
High-School Grad
13.7 sq mi
ZIP Area
3,383
Density / Sq Mi
$120,885
Median Household Income
$61,953
Median Earnings
$1,954
Median Rent
$701,900
Median Home Value
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Frequently Asked Questions
What type of property is this?
Residential income property - An open-plan residence with in-unit laundry, a covered patio, and access to shared recreation amenities.
Where is this residential income property located?
The property is located at 5335 E SHEA Boulevard 1094 Scottsdale, AZ.
What is the asking price?
The asking price for this property is $289,900.
What are key features of this property?
This property features: 743 SF, with 1 bedroom and 1 bathroom; Ground‑level unit with an open floor plan and 9‑foot ceilings; Stainless steel kitchen appliances installed less than 1 year ago
