Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    The Largest CRE Database in the US with Over 1 Million Listings

    3225 S Hardy Dr Tempe, AZ 85282

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Lease
    Contact for pricing

    Centrally located office space with freeway access and ample parking.

    Property size:
    5,559 SF
    Lot size:
    0.33 Acres

    Property Features for 3225 S Hardy Dr

    General Information

    Size
    5,559 SF
    Lot size
    0.33 Acres

    We can help!

    Listing Contact
    Nate Goldfarb
    Nate Goldfarb
    Source: Moodyscre

    Listing Agent: Nate Goldfarb

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    Tempe Office Space Available

    This office space is centrally located with close proximity to US60, SR51, and Loop 202 freeways. The property is near Desert Banner Hospital and the Mesa Community College campus. Building and monument signage is available. Abundant parking is provided. An end cap suite is available. The property size is 5559 square feet.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Circle City ABA Crisis Center Transcosmos OmniConnect Telecommunications Service

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Gym & Fitness Center Daycare Center Accounting Firm

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Tempe
    County
    Maricopa
    State
    Arizona
    Longitude
    -111.9513676
    Latitude
    33.3935523

    Nearby Similar for Lease

    • Contact for pricing

      AZ, Tempe - Hayden Ferry Lake

      Discover many ways to work your way in AZ, Tempe - Hayden Ferry Lake
      60 Rio Salado Pkwy, Tempe, AZ 85281
      View Details
    • Contact for pricing

      Wells Fargo Plaza

      Workspaces, services and support to help you work better in Miami Downtown
      64 Broadway Rd, Tempe, AZ 85282
      View Details
    • Sponsored
      Contact for pricing

      AZ, Tempe - W 14th St

      Workspaces, services and support to help you work better in Colonnade
      2005 14Th St, Tempe, AZ 85281
      View Details
    • $1,200 /Mo

      Tempe Office Space Available

      Fully built-out office space with high-end finishes in Tempe, AZ.
      9875 S Priest Dr, Tempe, AZ 85284
      View Details
    • $1,350 /Mo

      Tempe Office Space For Lease

      Office space available for lease near Rural Rd & Southern Ave.
      1730 S Jentilly Ln, Tempe, AZ 85281
      View Details
    • $8,500 /Mo
      18,000 SF

      Versatile Flex Space with Fenced Yard

      Flex space featuring offices, conference room, and fenced yard.
      2154 E Rio Salado Pkwy, Tempe, AZ 85281
      View Details
    • $1.50 SF/Yr

      Tempe Office/Industrial Suites For Lease

      Multi-tenant office and industrial suites available for lease in Tempe.
      441 S 48Th St, Tempe, AZ 85281
      View Details
    • $19 SF/Yr

      Office Space For Lease

      Office space available for lease at Rural Rd & Southern Ave.
      3110 S Rural Rd, Tempe, AZ 85282
      View Details
    • $1.50 SF/Yr

      Tempe Office/Industrial Suites For Lease

      Premier multi-tenant office and industrial suites available for lease.
      505 S 48Th St, Tempe, AZ 85281
      View Details
    • $150,000

      Freestanding Restaurant Building in Tempe

      Freestanding, built-out fast food restaurant with drive-thru for lease.
      1765 E University Dr, Tempe, AZ 85281
      View Details
    • $16 SF/Yr

      Renovated Office Space Available

      5559 SF Tempe office space, renovated and centrally located.
      3225 South Hardy Dr, Tempe, AZ 85282
      View Details
    • Contact for pricing

      Retail Space Near ASU Tempe

      Retail building for rent near Arizona State University.
      420 South Mill Ave, Tempe, AZ 85281
      View Details

    FAQs

    What type of property is this?
    Office units - Centrally located office space with freeway access and ample parking.
    Where is this office units located?
    The property is located at 3225 S Hardy Dr Tempe, AZ.
    What is the lease rate?
    The lease rate is $16 SF/Yr.
    What are key features of this property?
    This property features: - Centrally located with **close proximity to US60, SR51 & Loop 202 freeways.**; - Abundant parking.; - **End cap suite available.**
    (602) 614-4404 Call to check price and availability
    Request Owner's contact information
    3225 S Hardy Dr Tempe, AZ 85282
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    3225 S Hardy Dr
    Tempe, AZ 85282
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    3225 S Hardy Dr Tempe, AZ 85282
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Nate Goldfarb
    Nate Goldfarb
    (602) 614-4404 (480) 947-0600 (480) 289-4233
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!