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 Market114
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
Listed By:
Geoffrey Adams · License #BR627564000
(602) 740-8428
Source:
Alexiabertsatos
Added: Jun 17
Changed: Sep 28
Last Checked: Oct 7 at 5:46PM
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 / Yr
$9,326
Cap Rate
3.59%
Suggested Prices Based on Cap Rates
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
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 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
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
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
