Updated Two-Bedroom
For Sale
$785,000
7126 E OSBORN Road 1011, Scottsdale, AZ 85251
Low-maintenance condominium residence with refreshed interiors and access to shared recreational amenities.
Property Size2,002 SF
Days on Market30
Property Features for 7126 E OSBORN Road 1011
General Information
Standard status
Active
Size
2,002 SF
Property subtype
Apartment
Units
Unit Mix
1 x 2BR/2BA
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$2,011
Amenities
pool
fitness center
clubhouse
secure building access
Building Details
Building Size
2,002 SF
Year Built
2008
Listing Agency:
Luxe Realty
Listed By:
Jack Luciano
(602) 690-2188
Source:
Alexiabertsatos
Added: Aug 10
Changed: Sep 6
Last Checked: Sep 8 at 11:31AM
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 Luxe Realty
Investment Insights
Based on property information with market context.
This condominium residence offers two bedrooms and two bathrooms within a low-maintenance community completed in 2008. Interior updates include new flooring, cabinetry, countertops, lighting, and contemporary tile finishes. The home also features an open layout and modernized interior presentation.
Located in Old Town Scottsdale, the property is part of Orterra, which provides a resort-style pool, fitness center, clubhouse, secure building access, and maintained common areas. The residence is at 7126 E OSBORN Road, Unit 1005, Scottsdale, AZ 85251.
Located in Old Town Scottsdale, the property is part of Orterra, which provides a resort-style pool, fitness center, clubhouse, secure building access, and maintained common areas. The residence is at 7126 E OSBORN Road, Unit 1005, Scottsdale, AZ 85251.
Key Highlights
- Two‑bedroom, two‑bathroom condominium residence
- Interior improvements include flooring, cabinetry, countertops, lighting, and tile finishes
- Open floor plan with updated interior design
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
$23,165
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
2.95%
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%
$463,300
$463.3K
Cap Rate 7%
$330,929
$330.9K
Cap Rate 9%
$257,389
$257.4K
Market Conditions
NOI Build-Up for 2,002 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
$44.0K $21.96/SF
− Vacancy
−$1.8K −$0.92/SF
EGI
$42.1K $21.04/SF
− OpEx
−$19.0K −$9.47/SF
NOI
$23.2K $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%
$463,300
Cap Rate 7%
$330,929
Cap Rate 9%
$257,389
Alternative Uses
Best Use
Apartment 5plus
$330.9K
$289.6K – $386.1K
NOI $23,165 @ 7.0% cap · market cap 2.95%
Second Best
—
—
no second resolved use
Theoretical Best
Retail
$657.2K
$575.1K – $766.7K
NOI $46,004 @ 7.0% cap · market cap 5.86%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
4,725
Businesses Nearby
Explore this area
Business Placement
Demographics for 85251, AZ
40,073
Population
26,456
Households
1.5
Avg Household Size
39
Median Age
60%
College-Educated
96%
High-School Grad
7.2 sq mi
ZIP Area
5,566
Density / Sq Mi
$89,151
Median Household Income
$60,282
Median Earnings
$1,771
Median Rent
$500,700
Median Home Value
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Residential income property - Low-maintenance condominium residence with refreshed interiors and access to shared recreational amenities.
Where is this residential income property located?
The property is located at 7126 E OSBORN Road 1011 Scottsdale, AZ.
What is the asking price?
The asking price for this property is $785,000.
What are key features of this property?
This property features: Two‑bedroom, two‑bathroom condominium residence; Interior improvements include flooring, cabinetry, countertops, lighting, and tile finishes; Open floor plan with updated interior design
