Residential Income Property with
For Sale
$200,000
7510 E THOMAS Road 134, Scottsdale, AZ 85251
Kitchen cabinetry, granite countertops and updated flooring complement a wood fireplace and covered outdoor space.
Property Size832 SF
Price / SF$240.38
Days on Market93
Property Features for 7510 E THOMAS Road 134
General Information
Standard status
Active
Size
832 SF
Property subtype
Apartment
Taxes and HOA fees
Annual Taxes
$531
Amenities
community pool
tennis court
covered patio
wood fireplace
Building Details
Building Size
832 SF
Year Built
1984
Listing Agency:
HomeSmart
Listed By:
Senad Smjecanin · License #SA642046000
(480) 283-7723
Source:
Curiare
Added: Jul 28
Changed: Oct 26
Last Checked: Oct 26 at 1:18PM
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 HomeSmart
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Investment Insights
Based on property information with market context.
This 832-square-foot residential income property was built in 1984 and features upgraded flooring, kitchen cabinets and granite countertops. A wood fireplace and covered patio add to the unit’s interior and outdoor features; the patio looks toward a tennis court, and residents can use a community pool.
The property is at 7510 E Thomas Road in Scottsdale, near shopping and downtown restaurants.
The property is at 7510 E Thomas Road in Scottsdale, near shopping and downtown restaurants.
Key Highlights
- 832‑square‑foot residential income property
- Built in 1984
- Kitchen cabinets, granite countertops and upgraded flooring
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$9,627
Cap Rate
4.81%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$192,540
$192.5K
Cap Rate 7%
$137,529
$137.5K
Cap Rate 9%
$106,967
$107.0K
Market Conditions
NOI Build-Up for 832 SF
Gross rent
$18.3K $21.96/SF
− Vacancy
−$767 −$0.92/SF
EGI
$17.5K $21.04/SF
− OpEx
−$7.9K −$9.47/SF
NOI
$9.6K $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%
$192,540
Cap Rate 7%
$137,529
Cap Rate 9%
$106,967
Alternative Uses
Best Use
Apartment 5plus
$137.5K
$120.3K – $160.5K
NOI $9,627 @ 7.0% cap · market cap 4.81%
Second Best
—
—
no second resolved use
Theoretical Best
Retail
$273.1K
$239.0K – $318.7K
NOI $19,119 @ 7.0% cap · market cap 9.56%
Zoning and permitted uses should be independently verified with authorities.
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Open Analytics
Location Intelligence
Trade Area within ½ mile
2,927
Businesses Nearby
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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
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Frequently Asked Questions
What type of property is this?
Residential income property - Kitchen cabinetry, granite countertops and updated flooring complement a wood fireplace and covered outdoor space.
Where is this residential income property located?
The property is located at 7510 E THOMAS Road 134 Scottsdale, AZ.
What is the asking price?
The asking price for this property is $200,000.
What are key features of this property?
This property features: 832‑square‑foot residential income property; Built in 1984; Kitchen cabinets, granite countertops and upgraded flooring
