Condominium Near Community
New
For Sale
$295,000
8020 E THOMAS Road 113, Scottsdale, AZ 85251
Two bedrooms and two bathrooms accompany a kitchen with a breakfast bar and stainless steel appliances.
Property Size952 SF
Days on Market6
Property Features for 8020 E THOMAS Road 113
General Information
Standard status
Active
Size
952 SF
Property subtype
Apartment
Units
Unit Mix
1 x 2BR/2BA
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$558
Amenities
pool
spa
greenbelts
BBQ areas
Building Details
Building Size
952 SF
Year Built
1983
Listing Agency:
Property Management Real Estate
Listed By:
Ximena Tirado Paredes
(610) 517-0077
Source:
Alexiabertsatos
Added: Oct 21
Changed: Oct 25
Last Checked: Oct 25 at 2:35AM
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 Property Management Real Estate
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 2-bedroom, 2-bathroom condominium was built in 1983. The kitchen includes a breakfast bar, tile backsplash, and stainless steel appliances. Both bathrooms feature updated tile surrounds and custom sinks.
Within the community, the home is steps from the pool and spa, greenbelts, and barbecue areas. Old Town Scottsdale shopping, dining, and entertainment are described as minutes away.
Within the community, the home is steps from the pool and spa, greenbelts, and barbecue areas. Old Town Scottsdale shopping, dining, and entertainment are described as minutes away.
Key Highlights
- 2‑bedroom, 2‑bathroom condominium
- Built in 1983
- Kitchen with breakfast bar, tile backsplash, and stainless steel appliances
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$11,015
Cap Rate
3.73%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$220,300
$220.3K
Cap Rate 7%
$157,357
$157.4K
Cap Rate 9%
$122,389
$122.4K
Market Conditions
NOI Build-Up for 952 SF
Gross rent
$20.9K $21.96/SF
− Vacancy
−$878 −$0.92/SF
EGI
$20.0K $21.04/SF
− OpEx
−$9.0K −$9.47/SF
NOI
$11.0K $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%
$220,300
Cap Rate 7%
$157,357
Cap Rate 9%
$122,389
Alternative Uses
Best Use
Apartment 5plus
$157.4K
$137.7K – $183.6K
NOI $11,015 @ 7.0% cap · market cap 3.73%
Second Best
—
—
no second resolved use
Theoretical Best
Retail
$312.5K
$273.5K – $364.6K
NOI $21,876 @ 7.0% cap · market cap 7.42%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
1,254
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 - Two bedrooms and two bathrooms accompany a kitchen with a breakfast bar and stainless steel appliances.
Where is this residential income property located?
The property is located at 8020 E THOMAS Road 113 Scottsdale, AZ.
What is the asking price?
The asking price for this property is $295,000.
What are key features of this property?
This property features: 2‑bedroom, 2‑bathroom condominium; Built in 1983; Kitchen with breakfast bar, tile backsplash, and stainless steel appliances
