Updated Ground-Level
New
For Sale
$399,000
9708 E Via Linda 1332, Scottsdale, AZ 85258
Two private patios, dual primary suites, and an open living area with an electric fireplace enhance this updated residence.
Property Size1,125 SF
Days on Market6
Property Features for 9708 E Via Linda 1332
General Information
Standard status
Active
Size
1,125 SF
Property subtype
Apartment
Taxes and HOA fees
Annual Taxes
$1,267
Amenities
interior green space
private tiled patios
in-unit laundry
electric fireplace
Building Details
Building Size
1,125 SF
Year Built
1985
Listing Agency:
Realty Executives Arizona Territory
Listed By:
Azroy Salim · License #SA517417000
(480) 338-4888
Source:
Alexiabertsatos
Added: Sep 2
Changed: Sep 6
Last Checked: Sep 7 at 9:37AM
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 Executives Arizona Territory
Investment Insights
Based on property information with market context.
This updated ground-level condominium at 9708 E Via Linda 1332 features a split two-bedroom, two-bath layout with dual primary suites. Each bedroom includes a walk-in closet and private bath. The open living area is equipped with a DAGR wall system, electric fireplace, and built-in media shelving. In the kitchen, granite countertops, double ovens, stainless steel appliances, tall white cabinetry, and a breakfast bar provide a functional setting for daily use and entertaining. Additional features include two private tiled patios, in-unit laundry, tile flooring through the main living areas, and refreshed baths with granite vanities and tiled walk-in showers.
Built in 1985, the property overlooks a large interior green space and is located at 9708 E Via Linda in Scottsdale, Arizona.
Built in 1985, the property overlooks a large interior green space and is located at 9708 E Via Linda in Scottsdale, Arizona.
Key Highlights
- Ground‑level condominium with a split two‑bedroom, two‑bath layout
- Dual primary suites, each with a walk‑in closet and private bath
- Two private tiled patios overlooking a large interior green space
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
$13,017
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
3.26%
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%
$260,340
$260.3K
Cap Rate 7%
$185,957
$186.0K
Cap Rate 9%
$144,633
$144.6K
Market Conditions
NOI Build-Up for 1,125 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
$24.7K $21.96/SF
− Vacancy
−$1.0K −$0.92/SF
EGI
$23.7K $21.04/SF
− OpEx
−$10.7K −$9.47/SF
NOI
$13.0K $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%
$260,340
Cap Rate 7%
$185,957
Cap Rate 9%
$144,633
Alternative Uses
Best Use
Apartment 5plus
$186.0K
$162.7K – $217.0K
NOI $13,017 @ 7.0% cap · market cap 3.26%
Second Best
—
—
no second resolved use
Theoretical Best
Retail
$369.3K
$323.1K – $430.9K
NOI $25,851 @ 7.0% cap · market cap 6.48%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,460
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 - Two private patios, dual primary suites, and an open living area with an electric fireplace enhance this updated residence.
Where is this residential income property located?
The property is located at 9708 E Via Linda 1332 Scottsdale, AZ.
What is the asking price?
The asking price for this property is $399,000.
What are key features of this property?
This property features: Ground‑level condominium with a split two‑bedroom, two‑bath layout; Dual primary suites, each with a walk‑in closet and private bath; Two private tiled patios overlooking a large interior green space
