Updated Residential
For Sale
$138,000
8210 E GARFIELD Street K201, Scottsdale, AZ 85257
Two-bedroom, one-bath cooperative unit with renovated kitchen, replacement windows, and a new sliding glass door.
Property Size888 SF
Days on Market86
Property Features for 8210 E GARFIELD Street K201
General Information
Standard status
Active
Size
888 SF
Property subtype
Apartment
Units
Unit Mix
1 x 2BR/1BA
Multifamily Units
1
Additional Details
Highway Access
Yes
Amenities
pool
mailboxes
Building Details
Building Size
888 SF
Year Built
1965
Listing Agency:
West USA Realty
(602) 908-8706
Listed By:
Shey Lamberty
(602) 908-8706
Source:
Alexiabertsatos
Added: May 29
Changed: Aug 16
Last Checked: Aug 21 at 10:30AM
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 co-op unit includes two bedrooms and one bathroom, with updates that include a remodeled kitchen, new windows, and a new sliding glass door. The unit is positioned near community parking, the pool, and mailboxes within the cooperative setting.
Located in Scottsdale, the property offers access to shopping, dining, golf, Old Town Scottsdale, freeways, and Sky Harbor Airport. The cooperative purchase requires cash, buyer approval by the co-op board, and direct handling through the management company. Rentals are not permitted, and pets are restricted unless documented as a service animal.
Located in Scottsdale, the property offers access to shopping, dining, golf, Old Town Scottsdale, freeways, and Sky Harbor Airport. The cooperative purchase requires cash, buyer approval by the co-op board, and direct handling through the management company. Rentals are not permitted, and pets are restricted unless documented as a service animal.
Key Highlights
- Two‑bedroom, one‑bath residential co‑op unit
- Remodeled kitchen with updated finishes
- New windows and sliding glass door
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
$10,275
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
7.45%
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%
$205,500
$205.5K
Cap Rate 7%
$146,786
$146.8K
Cap Rate 9%
$114,167
$114.2K
Market Conditions
NOI Build-Up for 888 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
$19.5K $21.96/SF
− Vacancy
−$819 −$0.92/SF
EGI
$18.7K $21.04/SF
− OpEx
−$8.4K −$9.47/SF
NOI
$10.3K $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%
$205,500
Cap Rate 7%
$146,786
Cap Rate 9%
$114,167
Alternative Uses
Best Use
Apartment 5plus
$146.8K
$128.4K – $171.3K
NOI $10,275 @ 7.0% cap · market cap 7.45%
Second Best
—
—
no second resolved use
Theoretical Best
Retail
$291.5K
$255.1K – $340.1K
NOI $20,405 @ 7.0% cap · market cap 14.79%
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 - Two-bedroom, one-bath cooperative unit with renovated kitchen, replacement windows, and a new sliding glass door.
Where is this residential income property located?
The property is located at 8210 E GARFIELD Street K201 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: Two‑bedroom, one‑bath residential co‑op unit; Remodeled kitchen with updated finishes; New windows and sliding glass door
