Ground-Floor Residential Income
For Sale
$339,000
8256 E ARABIAN Trail 144, Scottsdale, AZ 85258
Updated interiors, generous storage, and a private patio support comfortable, low-maintenance living.
Property Size1,073 SF
Days on Market61
Property Features for 8256 E ARABIAN Trail 144
General Information
Standard status
Active
Size
1,073 SF
Property subtype
Apartment
Additional Details
Highway Access
Yes
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$870
Amenities
pool
clubhouse
Building Details
Building Size
1,073 SF
Year Built
1979
Listing Agency:
Keller Williams Realty Sonoran Living
(832) 344-8908
Listed By:
Grant Gobbell
(832) 344-8908
Source:
Alexiabertsatos
Added: Jun 23
Changed: Aug 21
Last Checked: Aug 21 at 11:45AM
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 Keller Williams Realty Sonoran Living
Investment Insights
Based on property information with market context.
This ground-floor residential income property offers oversized bedrooms, deep-capacity closets, and a private outdoor patio with an additional storage closet. Interior improvements include updated flooring, neutral paint, refreshed bathroom faucets, and a modernized kitchen with custom handles and soft-closing cabinets. Functional updates include a newer A/C, water heater, dishwasher, and garbage disposal. The property was built in 1979.
Residents have access to a community pool and clubhouse, with Scottsdale golf courses, dining and entertainment, the Scottsdale Greenbelt, and freeway access located nearby. The property is situated in McCormick Ranch and may accommodate rental use in Scottsdale.
Residents have access to a community pool and clubhouse, with Scottsdale golf courses, dining and entertainment, the Scottsdale Greenbelt, and freeway access located nearby. The property is situated in McCormick Ranch and may accommodate rental use in Scottsdale.
Key Highlights
- Ground‑floor residence with oversized bedrooms and deep‑capacity closets
- Newer A/C, water heater, dishwasher, and garbage disposal
- Updated flooring, neutral paint, refreshed faucets, and modernized kitchen
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
$12,415
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
3.66%
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%
$248,300
$248.3K
Cap Rate 7%
$177,357
$177.4K
Cap Rate 9%
$137,944
$137.9K
Market Conditions
NOI Build-Up for 1,073 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
$23.6K $21.96/SF
− Vacancy
−$990 −$0.92/SF
EGI
$22.6K $21.04/SF
− OpEx
−$10.2K −$9.47/SF
NOI
$12.4K $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%
$248,300
Cap Rate 7%
$177,357
Cap Rate 9%
$137,944
Alternative Uses
Best Use
Apartment 5plus
$177.4K
$155.2K – $206.9K
NOI $12,415 @ 7.0% cap · market cap 3.66%
Second Best
—
—
no second resolved use
Theoretical Best
Retail
$352.2K
$308.2K – $411.0K
NOI $24,657 @ 7.0% cap · market cap 7.27%
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
535
Businesses Nearby
Explore this area
Business Placement
Demographics for 85258, AZ
25,203
Population
15,566
Households
1.6
Avg Household Size
55
Median Age
63%
College-Educated
99%
High-School Grad
10.3 sq mi
ZIP Area
2,447
Density / Sq Mi
$105,171
Median Household Income
$68,184
Median Earnings
$1,945
Median Rent
$744,600
Median Home Value
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Residential income property - Updated interiors, generous storage, and a private patio support comfortable, low-maintenance living.
Where is this residential income property located?
The property is located at 8256 E ARABIAN Trail 144 Scottsdale, AZ.
What is the asking price?
The asking price for this property is $339,000.
What are key features of this property?
This property features: Ground‑floor residence with oversized bedrooms and deep‑capacity closets; Newer A/C, water heater, dishwasher, and garbage disposal; Updated flooring, neutral paint, refreshed faucets, and modernized kitchen
