Two-Bedroom Short-Term
For Sale
$568,000
8245 E BELL Road #208, Scottsdale, AZ 85260
Both bedrooms have private bathrooms, with an attached garage and covered patio adding practical features.
Property Size1,487 SF
Price / SF$381.98
Days on Market30
Property Features for 8245 E BELL Road #208
General Information
Standard status
Active
Size
1,487 SF
Property subtype
Apartment
Building Details
Year Built
1998
Listing Agency:
Berkshire Hathaway Homeservices Arizona Properties
Listed By:
Kathryn Thomas
(480) 505-6300
Source:
Kathrynthomas
Added: Oct 1
Changed: Oct 28
Last Checked: Oct 28 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 Berkshire Hathaway Homeservices Arizona Properties
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Investment Insights
Based on property information with market context.
Built in 1998, this gated Scottsdale residence has two bedrooms, each with an en suite bathroom, and an open living area with high ceilings, natural light, and a fireplace. The kitchen connects with the dining area, and a covered patio provides private outdoor space. An attached garage is also included. Recent updates include the HVAC system, carpet, refrigerator, washer and dryer, hot water heater, interior paint, and garage door opener. Short-term rental use is approved.
The property is near TPC, the Phoenix Open, Kierland Commons, Scottsdale Quarter, golf, dining, hiking, and Loop 101.
The property is near TPC, the Phoenix Open, Kierland Commons, Scottsdale Quarter, golf, dining, hiking, and Loop 101.
Key Highlights
- Short‑term rental use approved
- Two bedrooms, each with an en suite bathroom
- Attached garage and private covered patio
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$17,206
Cap Rate
3.03%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$344,120
$344.1K
Cap Rate 7%
$245,800
$245.8K
Cap Rate 9%
$191,178
$191.2K
Market Conditions
NOI Build-Up for 1,487 SF
Gross rent
$32.7K $21.96/SF
− Vacancy
−$1.4K −$0.92/SF
EGI
$31.3K $21.04/SF
− OpEx
−$14.1K −$9.47/SF
NOI
$17.2K $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%
$344,120
Cap Rate 7%
$245,800
Cap Rate 9%
$191,178
Alternative Uses
Best Use
Apartment 5plus
$245.8K
$215.1K – $286.8K
NOI $17,206 @ 7.0% cap · market cap 3.03%
Second Best
—
—
no second resolved use
Theoretical Best
Retail
$488.1K
$427.1K – $569.5K
NOI $34,170 @ 7.0% cap · market cap 6.02%
Zoning and permitted uses should be independently verified with authorities.
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Location Intelligence
Trade Area within ½ mile
1,599
Businesses Nearby
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Business Placement
Demographics for 85260, AZ
37,967
Population
21,072
Households
1.8
Avg Household Size
47
Median Age
59%
College-Educated
97%
High-School Grad
14.2 sq mi
ZIP Area
2,674
Density / Sq Mi
$103,854
Median Household Income
$62,835
Median Earnings
$1,969
Median Rent
$637,000
Median Home Value
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Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Short term rental property - Both bedrooms have private bathrooms, with an attached garage and covered patio adding practical features.
Where is this short term rental property located?
The property is located at 8245 E BELL Road #208 Scottsdale, AZ.
What is the asking price?
The asking price for this property is $568,000.
What are key features of this property?
This property features: Short‑term rental use approved; Two bedrooms, each with an en suite bathroom; Attached garage and private covered patio
