Corner Residential Income
For Sale
$307,000
9708 E VIA LINDA 2367, Scottsdale, AZ 85258
Corner condominium with dual balconies, updated systems, and access to extensive community amenities.
Property Size968 SF
Days on Market30
Property Features for 9708 E VIA LINDA 2367
General Information
Standard status
Active
Size
968 SF
Property subtype
Apartment
Additional Details
Highway Access
Yes
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$1,216
Amenities
pool
tennis courts
fitness room
clubhouse
kayak and pontoon use
EV stations
Building Details
Building Size
968 SF
Year Built
1986
Listing Agency:
Realty ONE Group
(480) 330-8497
Listed By:
Michael A Kraus · License #SA509101000
(480) 330-8497
Source:
Alexiabertsatos
Added: Jul 14
Changed: Aug 9
Last Checked: Aug 11 at 12:53PM
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.
Built in 1986, this corner condominium features two balconies oriented toward a tree-lined pool area. The interior includes stainless steel appliances and wood flooring extending from the entry through the bedrooms. Recent updates include the HVAC system, hot water tank, washer, and dryer.
The gated Scottsdale community offers 9 tennis courts, 5 pools, a fitness room, clubhouse, and planned activities. Residents also have access to Scottsdale Ranch Lake with complimentary kayaks and pontoon use, along with on-site EV charging stations. Parks, hike-and-bike trails, shopping, restaurants, spring training venues, and freeway access are located nearby.
The gated Scottsdale community offers 9 tennis courts, 5 pools, a fitness room, clubhouse, and planned activities. Residents also have access to Scottsdale Ranch Lake with complimentary kayaks and pontoon use, along with on-site EV charging stations. Parks, hike-and-bike trails, shopping, restaurants, spring training venues, and freeway access are located nearby.
Key Highlights
- Corner condominium with two balconies overlooking a tree‑lined pool area
- Built in 1986 with newer HVAC, hot water tank, washer, and dryer
- Stainless steel appliances and wood flooring from entry through bedrooms
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
$11,200
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
3.65%
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%
$224,000
$224.0K
Cap Rate 7%
$160,000
$160.0K
Cap Rate 9%
$124,444
$124.4K
Market Conditions
NOI Build-Up for 968 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
$21.3K $21.96/SF
− Vacancy
−$893 −$0.92/SF
EGI
$20.4K $21.04/SF
− OpEx
−$9.2K −$9.47/SF
NOI
$11.2K $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 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%
$224,000
Cap Rate 7%
$160,000
Cap Rate 9%
$124,444
Alternative Uses
Best Use
Apartment 5plus
$160.0K
$140.0K – $186.7K
NOI $11,200 @ 7.0% cap · market cap 3.65%
Second Best
—
—
no second resolved use
Theoretical Best
Retail
$317.8K
$278.1K – $370.7K
NOI $22,244 @ 7.0% cap · market cap 7.25%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
1
Residential units
Yes
Highway access
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 - Corner condominium with dual balconies, updated systems, and access to extensive community amenities.
Where is this residential income property located?
The property is located at 9708 E VIA LINDA 2367 Scottsdale, AZ.
What is the asking price?
The asking price for this property is $307,000.
What are key features of this property?
This property features: Corner condominium with two balconies overlooking a tree‑lined pool area; Built in 1986 with newer HVAC, hot water tank, washer, and dryer; Stainless steel appliances and wood flooring from entry through bedrooms
