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Property profile & analytics
OFF-MARKET
Estimated value
$5,045,000
Specialty properties
2500 Hardy Dr, Tempe, AZ 85282-1902
Entity Owned
5-yr Hold
~
Est. High Equity
Property ID
US07-0953037
Property profile
Verified
Property type
Specialty properties
Use group
VETERINARY, ANIMAL HOSPITAL
Year built
1996
Construction
CONCRETE
Total area
7,296 SF
Lot
1 ac (43,560 SF)
Zoning code
I-1
APN
123-35-038D
UPID
US07-0953037
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Langeneckert Sharon DVM Veterinary Clinic
-
VCA University Animal Hospital Veterinary Clinic
-
Dr. Carmen Bastek Veterinary Clinic
-
Flegenheimer James G DVM Veterinary Clinic
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$5.05M
Owner & transaction history
Hummingbird Apts Holdings LLC · 5 yrs held
Hummingbird Apts Holdings LLC
since 2020
Last sale
$6.2M
5 recorded transactions
Zoning & alternative use
I-1 · Tempe, AZ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$5.1M
+164.1%
Auto repair, garage
$5.0M
+160.5%
Industrial (general)
$4.3M
+124.5%
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Tempe submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Tempe submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RESTAURANT
$5,085,000
Change: +164% · Conversion: Difficult
AUTO REPAIR, GARAGE
$5,015,000
Change: +160% · Conversion: Difficult
INDUSTRIAL (GENERAL)
$4,325,000
Change: +125% · Conversion: Difficult
RETAIL STORES
$3,840,000
Change: +100% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$3,735,000
Change: +94% · Conversion: Difficult
Blend value · Realmo final
$5.05M
Range $4.54M – $5.55M · ±10% · vs last sale $6.17M (Jul 15 2020)
Last sale anchor
$6.17M
Jul 15 2020
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$691 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2022Property tax & assessments
Tax year 2022
Tax billed
$27,128
Tax year 2022
Assessed value
$302,069
Assessed 2024
Previous assessed
$269,654
+12.0% YoY
Effective rate
8.98%
On assessed value
Land market value
$414,600
Improvement market value
$1,416,119
Total market value
$1,830,719
Applied tax rate
31,600.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Specialty properties
Use group
VETERINARY, ANIMAL HOSPITAL
Status
Off-Market
Year built
1996
Construction
CONCRETE
Heating
NONE
Buildings
2
Stories
1
Units
2
Total area
7,296 SF
Lot
1 ac (43,560 SF)
Zoning code
I-1
APN
123-35-038D
UPID
US07-0953037
Jurisdiction
MARICOPA
Zoning & alternative use
I-1 · Tempe, AZ
Zoning I-1 · permitted uses
I-1 · Tempe, AZ
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Tempe. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
RESTAURANT
Est. value
$5.1M
AUTO REPAIR, GARAGE
Est. value
$5.0M
INDUSTRIAL (GENERAL)
Est. value
$4.3M
RETAIL STORES
Est. value
$3.8M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$3.7M
RESTAURANT
AUTO REPAIR, GARAGE
INDUSTRIAL (GENERAL)
RETAIL STORES
NEIGHBORHOOD: SHOPPING CENTER
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1996
Construction
CONCRETE
Heating
NONE
Stories
1
Buildings
2
Units
2
Lot
1 ac
Current owner
From public records · entity-resolved
Hummingbird Apts Holdings LLC
Entity
Mailing address
54 CROOKED STICK DR, NEWPORT BEACH, CA 92660-4267
Ownership since
2020
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 15, 2020
$6,165,000
Hummingbird Apts Holdings LLC
Hardy Enterprises LLC
Warranty Deed
$3,851,666 · Sandia Laboratory FCU
Mar 31, 1997
$1,449,766
Hardy Enterprises L L C
John T Gus
Grant Deed
$285,222 · Seller
Oct 22, 1996
—
John T Gus
University Hospital P A
Grant Deed
related
—
Feb 11, 1994
—
University Veterinary Hospital P
Gus Trust
Grant Deed
related
—
—
—
Hardy Enterprises LLC
—
Deed Of Trust
related
$500,000 · First National Bank Arizona
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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