Ground-Floor Residential Income
For Sale
$359,900
7401 W Arrowhead Clubhouse Drive 1001, Glendale, AZ 85308
Remodeled condominium with an attached oversized garage in a gated community near Arrowhead Country Club.
Property Size1,293 SF
Days on Market137
Property Features for 7401 W Arrowhead Clubhouse Drive 1001
General Information
Standard status
Active
Size
1,293 SF
Property subtype
Apartment
Additional Details
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$1,409
Amenities
heated pool
jacuzzi
gated community
Building Details
Building Size
1,293 SF
Year Built
2002
Listing Agency:
Provident Partners Realty
(623) 580-8737
Listed By:
Veronica Mills
(623) 580-8737
Source:
Jcluxuryresidential
Added: Apr 2
Changed: Aug 12
Last Checked: Aug 15 at 12:00PM
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 Provident Partners Realty
Investment Insights
Based on property information with market context.
This remodeled ground-level condominium is configured with an open living area and split-bedroom arrangement. The primary bedroom includes a walk-in closet and ensuite bathroom, while the kitchen offers a pantry, breakfast bar, and wraparound counters. A full-size laundry room is located inside the unit. The property also includes an attached oversized garage with a wider door and a private patio fitted with adjustable sunscreens. The unit is identified as handicapped-accessible and was built in 2002, with a new HVAC system noted for 2026.
The residence is within a private gated community that provides a heated pool and jacuzzi. Arrowhead Country Club is adjacent, with Arrowhead Mall, restaurants, retail stores, and sporting events nearby.
The residence is within a private gated community that provides a heated pool and jacuzzi. Arrowhead Country Club is adjacent, with Arrowhead Mall, restaurants, retail stores, and sporting events nearby.
Key Highlights
- Ground‑floor condominium with open layout and split‑bedroom configuration
- Attached oversized garage with wider door
- Primary bedroom includes walk‑in closet and ensuite bathroom
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
$13,166
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
3.66%
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%
$263,320
$263.3K
Cap Rate 7%
$188,086
$188.1K
Cap Rate 9%
$146,289
$146.3K
Market Conditions
NOI Build-Up for 1,293 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
$25.6K $19.80/SF
− Vacancy
−$1.7K −$1.29/SF
EGI
$23.9K $18.51/SF
− OpEx
−$10.8K −$8.33/SF
NOI
$13.2K $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%
$263,320
Cap Rate 7%
$188,086
Cap Rate 9%
$146,289
Alternative Uses
Best Use
Apartment 5plus
$188.1K
$164.6K – $219.4K
NOI $13,166 @ 7.0% cap · market cap 3.66%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$406.1K
$355.4K – $473.8K
NOI $28,430 @ 7.0% cap · market cap 7.90%
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
324
Businesses Nearby
Explore this area
Business Placement
Demographics for 85308, AZ
66,540
Population
26,540
Households
2.5
Avg Household Size
40
Median Age
38%
College-Educated
95%
High-School Grad
16.9 sq mi
ZIP Area
3,937
Density / Sq Mi
$95,512
Median Household Income
$50,026
Median Earnings
$1,777
Median Rent
$420,100
Median Home Value
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Residential income property - Remodeled condominium with an attached oversized garage in a gated community near Arrowhead Country Club.
Where is this residential income property located?
The property is located at 7401 W Arrowhead Clubhouse Drive 1001 Glendale, AZ.
What is the asking price?
The asking price for this property is $359,900.
What are key features of this property?
This property features: Ground‑floor condominium with open layout and split‑bedroom configuration; Attached oversized garage with wider door; Primary bedroom includes walk‑in closet and ensuite bathroom
