Technical
Financial
Distress signals
Property profile

3207 Hardy Dr 2A Tempe, AZ 85282

OFF-MARKET
Office buildings
Property ID
US07-0756746
11,940 SF 0.91 ac lot Built 1979
Entity Owned 16-yr Hold Free & Clear
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Property summary

AI-generated overview

This Tempe, Arizona industrial property, located at 3207 S Hardy Dr, 85282, presents a unique investment opportunity. The single-story, 11,940 square foot manufacturing warehouse sits on a 0.91-acre lot and boasts a 14-foot ceiling height. Built in 1979, the building features one loading dock and one dock-high door, ideal for efficient material handling. The property is zoned GID by the City of Tempe. The asking price is $3,700,000, translating to $309.88 per square foot. A key feature is the evaporative cooling system within the warehouse. The property also includes a concrete yard and truck aprons, enhancing functionality and accessibility. The current owner has demonstrated long-term occupancy and pride of ownership. A significant advantage is the potential to acquire an adjacent property at 815 W. Geneva Dr, adding an additional 25,133 square feet and 1.39 acres, for a combined total of 37,073 square feet on 2.3 acres. This expansion opportunity significantly increases the potential value and utility of the property. This is a rare chance to acquire a well-maintained manufacturing facility with expansion potential in a desirable Tempe location.

Property profile

Verified
Property type Office buildings
Use group OFFICE BUILDING
Year built 1979
Construction CONCRETE
Total area 11,940 SF
Lot 0.91 ac (39,722 SF)
Zoning code GID
APN 123-39-026B
UPID US07-0756746

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Corporate Office

Location

3207 Hardy Dr, Unit 2A Tempe, AZ 85282-3322
Tempe metro Census 319705 PHOENIX-MESA-SCOTTSDALE, AZ METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$2.55M
Blend (final) Blend
$2.54M

Owner & transaction history

since 2010
5 recorded transactions
2019
Price N/A
2010
$790,000
2000
Price N/A
1994
Price N/A
1994
Price N/A

Zoning & alternative use

GID · Tempe, AZ
Zoning description

General Industrial District is designed to provide, office uses, warehousing, wholesaling, assembling and manufacturing of building materials, machinery and other commodities to provide employment centers and production.

General category INDUSTRIAL

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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