Residential Income Property with Greenbelt
For Sale
$349,900
9430 E MISSION Lane 102, Scottsdale, AZ 85258
The ground-level home has two bedrooms, two bathrooms, vinyl flooring, and patio access beside a greenbelt.
Property Size1,145 SF
Days on Market10
Property Features for 9430 E MISSION Lane 102
General Information
Standard status
Active
Size
1,145 SF
Property subtype
Apartment
Additional Details
Highway Access
Yes
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$1,220
Amenities
heated pool
tennis courts
scenic walking paths
patio
Building Details
Building Size
1,145 SF
Year Built
1985
Listing Agency:
Real Broker
Listed By:
Raegen Johnson · License #SA579094000
(602) 330-5362
Source:
Alexiabertsatos
Added: Oct 7
Changed: Oct 10
Last Checked: Oct 15 at 6:41AM
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 Real Broker
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 1985 residential property offers a single-level layout with two bedrooms and two bathrooms. Vinyl flooring runs through the home, and the living area connects to a patio overlooking a greenbelt with mature trees and walking paths.
Residents have access to a heated pool and tennis courts. The property is in Scottsdale, with the 101, golf, hiking, shopping, and dining described as minutes away.
Residents have access to a heated pool and tennis courts. The property is in Scottsdale, with the 101, golf, hiking, shopping, and dining described as minutes away.
Key Highlights
- Two‑bedroom, two‑bathroom single‑level residence
- Ground‑level patio overlooks a greenbelt with mature trees and walking paths
- Community amenities include a heated pool and tennis courts
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$13,248
Cap Rate
3.79%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$264,960
$265.0K
Cap Rate 7%
$189,257
$189.3K
Cap Rate 9%
$147,200
$147.2K
Market Conditions
NOI Build-Up for 1,145 SF
Gross rent
$25.1K $21.96/SF
− Vacancy
−$1.1K −$0.92/SF
EGI
$24.1K $21.04/SF
− OpEx
−$10.8K −$9.47/SF
NOI
$13.2K $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%
$264,960
Cap Rate 7%
$189,257
Cap Rate 9%
$147,200
Alternative Uses
Best Use
Apartment 5plus
$189.3K
$165.6K – $220.8K
NOI $13,248 @ 7.0% cap · market cap 3.79%
Second Best
—
—
no second resolved use
Theoretical Best
Retail
$375.9K
$328.9K – $438.5K
NOI $26,311 @ 7.0% cap · market cap 7.52%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
1
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
3,367
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
Frequently Asked Questions
What type of property is this?
Residential income property - The ground-level home has two bedrooms, two bathrooms, vinyl flooring, and patio access beside a greenbelt.
Where is this residential income property located?
The property is located at 9430 E MISSION Lane 102 Scottsdale, AZ.
What is the asking price?
The asking price for this property is $349,900.
What are key features of this property?
This property features: Two‑bedroom, two‑bathroom single‑level residence; Ground‑level patio overlooks a greenbelt with mature trees and walking paths; Community amenities include a heated pool and tennis courts
