Refreshed Residential Income
For Sale
$335,000
9708 E VIA LINDA 2339, Scottsdale, AZ 85258
Two-bedroom residence with an open layout, covered patio, and views across maintained greenbelt areas.
Property Size1,038 SF
Days on Market126
Property Features for 9708 E VIA LINDA 2339
General Information
Standard status
Active
Size
1,038 SF
Property subtype
Apartment
Taxes and HOA fees
Annual Taxes
$1,295
Building Details
Building Size
1,038 SF
Year Built
1986
Listing Agency:
RE/MAX Fine Properties
(602) 694-3200
Listed By:
Don Matheson · License #SA112157000
(602) 694-3200
Source:
Jcluxuryresidential
Added: Apr 19
Changed: Aug 17
Last Checked: Aug 21 at 11:14AM
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 RE/MAX Fine Properties
Investment Insights
Based on property information with market context.
This two-bedroom, two-bath residential income property was built in 1986 and has fresh interior paint across the walls, ceilings, doors, and baseboards. The home includes an open living and dining arrangement, a kitchen with full-size appliances and substantial cabinetry, and a covered patio connected to the family room and both bedrooms. The primary suite has its own bathroom, while the second bedroom can accommodate guests, office use, or seasonal occupants.
Community amenities include a heated pool and spa, fitness center, tennis and pickleball courts, and maintained greenbelt areas. The property is located near Scottsdale shopping and dining, golf courses, spring training stadiums, and the McDowell Sonoran Preserve, with Loop 101 providing access throughout the Valley.
Community amenities include a heated pool and spa, fitness center, tennis and pickleball courts, and maintained greenbelt areas. The property is located near Scottsdale shopping and dining, golf courses, spring training stadiums, and the McDowell Sonoran Preserve, with Loop 101 providing access throughout the Valley.
Key Highlights
- Two‑bedroom, two‑bath residence built in 1986
- Fresh paint throughout walls, ceilings, doors, and baseboards
- Open living and dining areas with full‑size kitchen 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
$12,010
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%
$240,200
$240.2K
Cap Rate 7%
$171,571
$171.6K
Cap Rate 9%
$133,444
$133.4K
Market Conditions
NOI Build-Up for 1,038 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
$22.8K $21.96/SF
− Vacancy
−$957 −$0.92/SF
EGI
$21.8K $21.04/SF
− OpEx
−$9.8K −$9.47/SF
NOI
$12.0K $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%
$240,200
Cap Rate 7%
$171,571
Cap Rate 9%
$133,444
Alternative Uses
Best Use
Apartment 5plus
$171.6K
$150.1K – $200.2K
NOI $12,010 @ 7.0% cap · market cap 3.59%
Second Best
—
—
no second resolved use
Theoretical Best
Retail
$340.7K
$298.2K – $397.5K
NOI $23,852 @ 7.0% cap · market cap 7.12%
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-bedroom residence with an open layout, covered patio, and views across maintained greenbelt areas.
Where is this residential income property located?
The property is located at 9708 E VIA LINDA 2339 Scottsdale, AZ.
What is the asking price?
The asking price for this property is $335,000.
What are key features of this property?
This property features: Two‑bedroom, two‑bath residence built in 1986; Fresh paint throughout walls, ceilings, doors, and baseboards; Open living and dining areas with full‑size kitchen appliances
