Furnished First-Floor Income
For Sale
$259,900
8260 E ARABIAN Trail 176, Scottsdale, AZ 85258
Upgraded condominium with granite kitchen counters, refreshed bathrooms, and newer appliances.
Property Size806 SF
Days on Market67
Property Features for 8260 E ARABIAN Trail 176
General Information
Standard status
Active
Size
806 SF
Property subtype
Apartment
Additional Details
Furnished
Yes
Highway Access
Yes
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$537
Building Details
Building Size
806 SF
Year Built
1979
Listing Agency:
Realty ONE Group
(602) 740-8428
Listed By:
Geoffrey Adams · License #BR627564000
(602) 740-8428
Source:
Alexiabertsatos
Added: Jun 17
Changed: Aug 21
Last Checked: Aug 21 at 10:13AM
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 Realty ONE Group
Investment Insights
Based on property information with market context.
This first-floor condominium is offered fully furnished and features wood-look tile flooring throughout. The kitchen includes granite countertops and newer appliances, while the bathrooms have been upgraded. The unit is described as light and bright and is currently rented through October.
The property is located in McCormick Ranch in Scottsdale, with access to more than 25 miles of walking and biking paths connecting neighborhoods, parks, lakes, and shopping areas. Greenbelts, coffee, upscale dining, and freeway access are nearby. The condominium was built in 1979.
The property is located in McCormick Ranch in Scottsdale, with access to more than 25 miles of walking and biking paths connecting neighborhoods, parks, lakes, and shopping areas. Greenbelts, coffee, upscale dining, and freeway access are nearby. The condominium was built in 1979.
Key Highlights
- Fully furnished first‑floor condominium
- Wood‑look tile flooring throughout the unit
- Granite kitchen countertops and newer appliances
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
$9,326
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
3.59%
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%
$186,520
$186.5K
Cap Rate 7%
$133,229
$133.2K
Cap Rate 9%
$103,622
$103.6K
Market Conditions
NOI Build-Up for 806 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
$17.7K $21.96/SF
− Vacancy
−$743 −$0.92/SF
EGI
$17.0K $21.04/SF
− OpEx
−$7.6K −$9.47/SF
NOI
$9.3K $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%
$186,520
Cap Rate 7%
$133,229
Cap Rate 9%
$103,622
Alternative Uses
Best Use
Apartment 5plus
$133.2K
$116.6K – $155.4K
NOI $9,326 @ 7.0% cap · market cap 3.59%
Second Best
—
—
no second resolved use
Theoretical Best
Retail
$264.6K
$231.5K – $308.7K
NOI $18,521 @ 7.0% cap · market cap 7.13%
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 - Upgraded condominium with granite kitchen counters, refreshed bathrooms, and newer appliances.
Where is this residential income property located?
The property is located at 8260 E ARABIAN Trail 176 Scottsdale, AZ.
What is the asking price?
The asking price for this property is $259,900.
What are key features of this property?
This property features: Fully furnished first‑floor condominium; Wood‑look tile flooring throughout the unit; Granite kitchen countertops and newer appliances
