Ground-Floor Residential Income
For Sale
$265,000
7920 E CAMELBACK Road 102, Scottsdale, AZ 85251
Updated kitchen and bathroom, a large patio, underground parking, and access to multiple recreational amenities.
Property Size1,200 SF
Days on Market43
Property Features for 7920 E CAMELBACK Road 102
General Information
Standard status
Active
Size
1,200 SF
Property subtype
Apartment
Additional Details
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$827
Amenities
pool
mini golf course
library
wood working/art studio
Building Details
Building Size
1,200 SF
Year Built
1974
Listing Agency:
HomeQwik
(602) 525-2545
Listed By:
Noel Pulanco
(602) 525-2545
Source:
Alexiabertsatos
Added: Jul 1
Changed: Aug 9
Last Checked: Aug 12 at 3:43PM
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 HomeQwik
Investment Insights
Based on property information with market context.
Unit 102 is a ground-floor residential income property in a complex built in 1974. The residence includes an updated kitchen and bathroom, large rooms, and a sizable patio. Underground parking is also provided.
Property amenities include three pools, a mini-golf course, a library, and a woodworking and art studio. The unit is located at 7920 E Camelback Road in Scottsdale, with the pool and recreational areas positioned near the residence.
Property amenities include three pools, a mini-golf course, a library, and a woodworking and art studio. The unit is located at 7920 E Camelback Road in Scottsdale, with the pool and recreational areas positioned near the residence.
Key Highlights
- Ground‑floor Unit 102 at 7920 E Camelback Road
- Updated kitchen and bathroom
- Three pools within the complex
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
$13,885
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
5.24%
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%
$277,700
$277.7K
Cap Rate 7%
$198,357
$198.4K
Cap Rate 9%
$154,278
$154.3K
Market Conditions
NOI Build-Up for 1,200 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
$26.4K $21.96/SF
− Vacancy
−$1.1K −$0.92/SF
EGI
$25.2K $21.04/SF
− OpEx
−$11.4K −$9.47/SF
NOI
$13.9K $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%
$277,700
Cap Rate 7%
$198,357
Cap Rate 9%
$154,278
Alternative Uses
Best Use
Apartment 5plus
$198.4K
$173.6K – $231.4K
NOI $13,885 @ 7.0% cap · market cap 5.24%
Second Best
—
—
no second resolved use
Theoretical Best
Retail
$393.9K
$344.7K – $459.6K
NOI $27,575 @ 7.0% cap · market cap 10.41%
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
1,238
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
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Residential income property - Updated kitchen and bathroom, a large patio, underground parking, and access to multiple recreational amenities.
Where is this residential income property located?
The property is located at 7920 E CAMELBACK Road 102 Scottsdale, AZ.
What is the asking price?
The asking price for this property is $265,000.
What are key features of this property?
This property features: Ground‑floor Unit 102 at 7920 E Camelback Road; Updated kitchen and bathroom; Three pools within the complex
