Remodeled Top-Floor Short-Term
For Sale
$280,000
7625 E CAMELBACK Road B411, Scottsdale, AZ 85251
Furnished end unit with a covered balcony, updated interiors, elevator access, and community resort amenities.
Property Size752 SF
Days on Market34
Property Features for 7625 E CAMELBACK Road B411
General Information
Standard status
Active
Size
752 SF
Elevators
Yes
Property subtype
Apartment
Additional Details
Furnished
Yes
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$405
Amenities
pool
hot tub
fitness center
community laundry
Building Details
Building Size
752 SF
Year Built
1971
Listing Agency:
West USA Realty
(602) 390-8088
Listed By:
Howard L Rudin
(602) 390-8088
Source:
Alexiabertsatos
Added: Jul 30
Changed: Aug 30
Last Checked: Aug 31 at 9:24PM
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 West USA Realty
Investment Insights
Based on property information with market context.
This top-floor end unit is currently operated as a short-term rental and is approved for Airbnb and VRBO use with no rental restrictions. The property is offered furnished and has undergone a complete remodel, including an open layout, modern kitchen, great room, electric fireplace, custom rustic wood finishes, and an updated bathroom. A covered balcony adds outdoor space, while elevator access improves convenience.
The property is located at 7625 E CAMELBACK Road B411 in Scottsdale, near Old Town shopping, dining, entertainment, Fashion Square, Spring Training, and the Waterfront. Covered assigned parking and additional guest parking are provided. Community amenities include a resort-style pool, hot tub, workout area, and laundry facilities. The monthly HOA fee includes unlimited air conditioning and heat, water, electricity, sewer, trash, and basic cable TV. The pet-friendly community was built in 1971.
The property is located at 7625 E CAMELBACK Road B411 in Scottsdale, near Old Town shopping, dining, entertainment, Fashion Square, Spring Training, and the Waterfront. Covered assigned parking and additional guest parking are provided. Community amenities include a resort-style pool, hot tub, workout area, and laundry facilities. The monthly HOA fee includes unlimited air conditioning and heat, water, electricity, sewer, trash, and basic cable TV. The pet-friendly community was built in 1971.
Key Highlights
- Airbnb and VRBO approved with no rental restrictions
- Top‑floor updated end unit with open floor plan and covered balcony
- Complete remodel with furnishings, modern kitchen, electric fireplace, and updated 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
$8,701
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
3.11%
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%
$174,020
$174.0K
Cap Rate 7%
$124,300
$124.3K
Cap Rate 9%
$96,678
$96.7K
Market Conditions
NOI Build-Up for 752 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
$16.5K $21.96/SF
− Vacancy
−$694 −$0.92/SF
EGI
$15.8K $21.04/SF
− OpEx
−$7.1K −$9.47/SF
NOI
$8.7K $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%
$174,020
Cap Rate 7%
$124,300
Cap Rate 9%
$96,678
Alternative Uses
Best Use
Apartment 5plus
$124.3K
$108.8K – $145.0K
NOI $8,701 @ 7.0% cap · market cap 3.11%
Second Best
—
—
no second resolved use
Theoretical Best
Retail
$246.9K
$216.0K – $288.0K
NOI $17,280 @ 7.0% cap · market cap 6.17%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
4,231
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
Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Short term rental property - Furnished end unit with a covered balcony, updated interiors, elevator access, and community resort amenities.
Where is this short term rental property located?
The property is located at 7625 E CAMELBACK Road B411 Scottsdale, AZ.
What is the asking price?
The asking price for this property is $280,000.
What are key features of this property?
This property features: Airbnb and VRBO approved with no rental restrictions; Top‑floor updated end unit with open floor plan and covered balcony; Complete remodel with furnishings, modern kitchen, electric fireplace, and updated bathroom
