Remodeled Short-Term Rental
For Sale
$249,900
7625 E CAMELBACK Road B413, Scottsdale, AZ 85251
One-bedroom residence with a covered balcony and extensive community amenities.
Property Size752 SF
Price / SF$332.31
Days on Market33
Property Features for 7625 E CAMELBACK Road B413
General Information
Standard status
Active
Size
752 SF
Property subtype
Apartment
Units
Unit Mix
1 x 1BR/1BA
Multifamily Units
1
Additional Details
Furnished
Yes
Taxes and HOA fees
Annual Taxes
$405
Amenities
heated pool
hot tub
BBQ grills
fitness center
covered balcony
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 29
Last Checked: Aug 30 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 short-term rental unit at 7625 E CAMELBACK Road B413 offers 752 square feet with one bedroom, one bathroom, and an open living layout. The residence was completely remodeled with tile flooring, gray shaker cabinetry, custom shelving, quartz countertops, and updated plumbing and lighting fixtures. A covered balcony extends the living area, while furnishings are included for a turnkey setup.
The property is located in Scottsdale’s Old Town area, near shopping, dining, entertainment, Fashion Square, Spring Training, and the Waterfront. Airbnb and VRBO use is approved, with no rental restrictions identified. Community amenities include a heated pool, hot tub, BBQ grills, and fitness center. HOA coverage includes heating and cooling, water, sewer, electric, garbage, and basic cable.
The property is located in Scottsdale’s Old Town area, near shopping, dining, entertainment, Fashion Square, Spring Training, and the Waterfront. Airbnb and VRBO use is approved, with no rental restrictions identified. Community amenities include a heated pool, hot tub, BBQ grills, and fitness center. HOA coverage includes heating and cooling, water, sewer, electric, garbage, and basic cable.
Key Highlights
- 752‑square‑foot top‑floor unit with 1 bedroom and 1 bathroom
- Completely remodeled with tile floors, quartz counters, updated cabinetry, plumbing, and lighting
- Covered balcony and open‑concept living floor plan
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
3.48%
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 3.48%
Second Best
—
—
no second resolved use
Theoretical Best
Retail
$246.9K
$216.0K – $288.0K
NOI $17,280 @ 7.0% cap · market cap 6.91%
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
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Short term rental property - One-bedroom residence with a covered balcony and extensive community amenities.
Where is this short term rental property located?
The property is located at 7625 E CAMELBACK Road B413 Scottsdale, AZ.
What is the asking price?
The asking price for this property is $249,900.
What are key features of this property?
This property features: 752‑square‑foot top‑floor unit with 1 bedroom and 1 bathroom; Completely remodeled with tile floors, quartz counters, updated cabinetry, plumbing, and lighting; Covered balcony and open‑concept living floor plan
