Remodeled Residential Income
For Sale
$138,000
814 N 82ND Street G203, Scottsdale, AZ 85257
Updated co-op residence with a renovated interior, community amenities, and convenient access to transportation and everyday shopping.
Property Size684 SF
Days on Market199
Property Features for 814 N 82ND Street G203
General Information
Standard status
Active
Size
684 SF
Property subtype
Apartment
Site & Location
Highway Access
Yes
Public Transit
Yes
Additional Details
HOA Fee
$299
Multifamily Units
1
Amenities
heated pool
laundry
sport court
picnic area
play area
Building Details
Building Size
684 SF
Year Built
1964
Listing Agency:
West USA Realty
(602) 432-8298
Listed By:
Janice G Galvin · License #BR021759000
(602) 432-8298
Source:
Alexiabertsatos
Added: Feb 5
Changed: Aug 18
Last Checked: Aug 22 at 10:37AM
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 residential income property is a remodeled co-op residence at 814 N 82ND Street in Scottsdale. Interior improvements include dual-pane windows, wood laminate and tile flooring, textured walls and ceilings, recessed lighting, ceiling fans, and an enlarged bedroom with a walk-in closet. The fully equipped kitchen and full bathroom with a tile-surround tub add practical functionality.
Community features include a heated pool, laundry facilities, seven pools, a sport court, picnic areas, and play areas. The property is near freeways, a bus stop, free trolley service, parks, and shopping. The co-op is cash-only, does not permit rentals, and provides membership for life rather than a deed. Board and credit approval are required.
Community features include a heated pool, laundry facilities, seven pools, a sport court, picnic areas, and play areas. The property is near freeways, a bus stop, free trolley service, parks, and shopping. The co-op is cash-only, does not permit rentals, and provides membership for life rather than a deed. Board and credit approval are required.
Key Highlights
- Remodeled co‑op residence at 814 N 82ND Street, Scottsdale, AZ 85257
- Interior upgrades include dual‑pane windows, laminate and tile flooring, recessed lighting, and ceiling fans
- Expanded bedroom includes a walk‑in closet; kitchen is fully equipped
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
$7,914
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
5.73%
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%
$158,280
$158.3K
Cap Rate 7%
$113,057
$113.1K
Cap Rate 9%
$87,933
$87.9K
Market Conditions
NOI Build-Up for 684 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
$15.0K $21.96/SF
− Vacancy
−$631 −$0.92/SF
EGI
$14.4K $21.04/SF
− OpEx
−$6.5K −$9.47/SF
NOI
$7.9K $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%
$158,280
Cap Rate 7%
$113,057
Cap Rate 9%
$87,933
Alternative Uses
Best Use
Apartment 5plus
$113.1K
$98.9K – $131.9K
NOI $7,914 @ 7.0% cap · market cap 5.73%
Second Best
—
—
no second resolved use
Theoretical Best
Retail
$224.5K
$196.5K – $262.0K
NOI $15,718 @ 7.0% cap · market cap 11.39%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
1
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
630
Businesses Nearby
Explore this area
Business Placement
Demographics for 85257, AZ
29,187
Population
16,392
Households
1.8
Avg Household Size
39
Median Age
46%
College-Educated
95%
High-School Grad
6.9 sq mi
ZIP Area
4,230
Density / Sq Mi
$79,828
Median Household Income
$54,580
Median Earnings
$1,812
Median Rent
$453,200
Median Home Value
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Residential income property - Updated co-op residence with a renovated interior, community amenities, and convenient access to transportation and everyday shopping.
Where is this residential income property located?
The property is located at 814 N 82ND Street G203 Scottsdale, AZ.
What is the asking price?
The asking price for this property is $138,000.
What are key features of this property?
This property features: Remodeled co‑op residence at 814 N 82ND Street, Scottsdale, AZ 85257; Interior upgrades include dual‑pane windows, laminate and tile flooring, recessed lighting, and ceiling fans; Expanded bedroom includes a walk‑in closet; kitchen is fully equipped
