Financial
Distress signals
Property profile

7890 S Hardy Dr Tempe, AZ 85284

FOR LEASE
Flex space
Property ID
US07-1184755
58,236 SF 7.95 ac lot Built 1998
Last sale Jan 2020 · $14,500,000
Entity Owned Owner of record is a legal entity (LLC / corporation). 6-yr Hold Held for 6 years. ~ Est. High Equity Modeled equity is high. Estimate, not a fact.
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7890 S Hardy Dr, Tempe, AZ 85284 For Lease
$13,795,000 3,955 SF available
7890 S Hardy Dr, Tempe, AZ 85284
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Property summary

AI-generated overview

Industrial suite A-105 is located within Desert Vista Commerce Center at 7810, 7850, and 7890 South Hardy Drive in Tempe, Arizona, comprising approximately 2,764 square feet of space. The center is made up of three industrial buildings and includes dock-high loading and functional building layouts, with visibility along Hardy Drive. The site provides access to Interstate 10 and US-60.

Ownership intelligence

Who controls the opportunity?

Resolved identity, portfolio, hold profile and investor signals. Included in the full report.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with the full report.

Mortgages

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.

Property tax · 2023

What does the county charge?
$173k
Tax billed · 2023
Assessed value · 2024$2.56M
Effective rate6.77%

Value estimate

· Sep 2026
$13.80M
$12.42M – $15.17M
NOI build-up
Gross scheduled income$55k
Vacancy & credit loss−$3k
Operating expenses−$15k
NOI · 3,271,727.27% cap applied$36k

Realmo valuation models over county records and 7 qualifying comparable sales.

Recently sold

What actually traded nearby?
$529/SF
Submarket average, outlier-cleaned · 144 recorded sales of this use type
Observed band · Q1–Q3$140 – $1,058
Qualifying comparables7

Cap rate analysis

How does the asset earn?
3,271,727.27%
$36k estimated NOI · market benchmarks for this use type

Price anchors at 6 / 6.5 / 7% — in the full report.

Zoning insight

What can be built here?
GID
General Industrial District is designed to provide, office uses, warehousing, wholesaling, assembling and manufacturing of building mater...
General categoryINDUSTRIAL
JurisdictionMARICOPA

Location intelligence

Which uses thrive at this corner?
Best fit: Parking Facility
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Parking Facility9.6
Daycare Center9.5
Garden Center9.1

Location

7890 S Hardy Dr Tempe, AZ 85284
County assessor Recorded deeds · 4 transfers 7 qualifying comp sales Zoning catalog

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recorded sales · 16 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
8350 Kyrene, Tempe, AZ 85284-2121 $75,500,000 Dec 2024 93,288 SF
8380 Kyrene, Tempe, AZ 85284-2120 $75,500,000 Dec 2024 35,904 SF
8123 Hardy, Tempe, AZ 85284-1106 $15,650,000 Sep 2024 56,316 SF
685 La Vieve, Tempe, AZ 85284-2913 $18,570,870 Sep 2024 99,148 SF
1121 Warner, Tempe, AZ 85284-2819 $15,685,437 Sep 2021 60,704 SF
8930 Beck, Tempe, AZ 85284-2864 $11,653,024 Sep 2021 81,308 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
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Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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