Ground-Floor Two-Bedroom
New
For Sale
$324,000
7625 E CAMELBACK Road B101, Scottsdale, AZ 85251
The residence combines two full bathrooms with granite counters, stainless steel appliances, and a primary-suite shower finished in stone.
Property Size1,140 SF
Days on Market7
Property Features for 7625 E CAMELBACK Road B101
General Information
Standard status
Active
Size
1,140 SF
Property subtype
Apartment
Taxes and HOA fees
Annual Taxes
$628
Building Details
Building Size
1,140 SF
Year Built
1971
Listing Agency:
RE/MAX Fine Properties
Listed By:
Karen Picarello · License #SA102045000
(480) 860-8733
Source:
Alexiabertsatos
Added: Oct 24
Changed: Oct 28
Last Checked: Oct 28 at 3:40PM
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 RE/MAX Fine Properties
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This two-bedroom, two-bath condominium is on the ground floor of The Maya. Interior finishes include granite counters, stainless steel appliances, and tile and bamboo flooring. The primary suite features a stone grotto shower. Built in 1971, the residence is part of a community with a pool, heated spa, fitness center, and walking paths.
The property is in Scottsdale, with dining and shopping in Old Town and spring training destinations described as minutes away.
The property is in Scottsdale, with dining and shopping in Old Town and spring training destinations described as minutes away.
Key Highlights
- Two bedrooms and two bathrooms on the ground floor
- Granite counters, stainless steel appliances, and tile and bamboo floors
- Primary suite includes a stone grotto shower
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$13,191
Cap Rate
4.07%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$263,820
$263.8K
Cap Rate 7%
$188,443
$188.4K
Cap Rate 9%
$146,567
$146.6K
Market Conditions
NOI Build-Up for 1,140 SF
Gross rent
$25.0K $21.96/SF
− Vacancy
−$1.1K −$0.92/SF
EGI
$24.0K $21.04/SF
− OpEx
−$10.8K −$9.47/SF
NOI
$13.2K $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 Rate 5%
$263,820
Cap Rate 7%
$188,443
Cap Rate 9%
$146,567
Alternative Uses
Best Use
Apartment 5plus
$188.4K
$164.9K – $219.9K
NOI $13,191 @ 7.0% cap · market cap 4.07%
Second Best
—
—
no second resolved use
Theoretical Best
Retail
$374.2K
$327.5K – $436.6K
NOI $26,196 @ 7.0% cap · market cap 8.09%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
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
Frequently Asked Questions
What type of property is this?
Residential income property - The residence combines two full bathrooms with granite counters, stainless steel appliances, and a primary-suite shower finished in stone.
Where is this residential income property located?
The property is located at 7625 E CAMELBACK Road B101 Scottsdale, AZ.
What is the asking price?
The asking price for this property is $324,000.
What are key features of this property?
This property features: Two bedrooms and two bathrooms on the ground floor; Granite counters, stainless steel appliances, and tile and bamboo floors; Primary suite includes a stone grotto shower
