New search
Property profile & analytics
OFF-MARKET
Estimated value
$2,760,000
Flex space
712 Hacienda Dr Tempe, AZ 85288-2933
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US07-3284587
Property profile
Verified
Property type
Flex space
Use group
LIGHT INDUSTRIAL
Year built
1981
Construction
CONCRETE
Total area
14,502 SF
Lot
0.84 ac (36,630 SF)
Zoning code
GID
APN
132-40-012
UPID
US07-3284587
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
-
Arizona Regional Theatre Theater & Performing Art Venue
-
Lockdown Clothing Clothing Store
-
Wards Electrical Services LLC Electrical Service General Contractor
-
Hemp Bedding Association Or Organization
-
ROI Global Partners Business Management Consultant
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$2.03M
Comparable Approach
Comparable
$2.46M
Blend (final)
Blend
$2.76M
Owner & transaction history
712 S Hacienda Drive LLC · 3 yrs held
712 S Hacienda Drive LLC
since 2023
Last sale
$3.2M
7 recorded transactions
Zoning & alternative use
GID · Tempe, AZ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$4.0M
+76.3%
Medical building
$3.0M
+29.4%
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
$3,225,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$2,200,000
6.5%
$2,030,000
7%
$1,885,000
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$2,295,000
Current use
OFFICE BUILDING
$4,045,000
Change: +76% · Conversion: Difficult
MEDICAL BUILDING
$2,970,000
Change: +29% · Conversion: Difficult
Blend value · Realmo final
$2.76M
Range $2.48M – $3.04M · ±10% · vs last sale $3.20M (Jun 9 2023)
Last sale anchor
$3.20M
Jun 9 2023
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
$190 / 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 2023Property tax & assessments
Tax year 2023
Tax billed
$17,903
Tax year 2023
Assessed value
$320,183
Assessed 2024
Previous assessed
$234,957
+36.3% YoY
Effective rate
5.59%
On assessed value
Land market value
$1,208,700
Improvement market value
$731,800
Total market value
$1,940,500
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
Flex space
Use group
LIGHT INDUSTRIAL
Status
Off-Market
Year built
1981
Construction
CONCRETE
Heating
HEAT PUMP
Cooling
EVAPORATIVE
Stories
1
Total area
14,502 SF
Lot
0.84 ac (36,630 SF)
Zoning code
GID
APN
132-40-012
UPID
US07-3284587
Jurisdiction
MARICOPA
Zoning & alternative use
GID · Tempe, AZ
Zoning GID · permitted uses
GID · 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
INDUSTRIAL (GENERAL) Current
Est. value
$2.3M
OFFICE BUILDING
Est. value
$4.0M
MEDICAL BUILDING
Est. value
$3.0M
INDUSTRIAL (GENERAL) Current
OFFICE BUILDING
MEDICAL BUILDING
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
1981
Construction
CONCRETE
Heating
HEAT PUMP
Cooling
Yes
Stories
1
Lot
0.84 ac
Current owner
From public records · entity-resolved
712 S Hacienda Drive LLC
Entity
Mailing address
4300 E CAMELBACK RD STE #450, PHOENIX, AZ 85018-2723
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 12, 2024
—
712 S Hacienda Drive LLC
—
Deed
related
$2,000,000 · Standard Insurance Co
Jun 9, 2023
$3,200,000
712 S Hacienda Drive LLC
Jrj Hacienda LLC
Special Warranty Deed
—
Mar 3, 2021
—
Jrj Hacienda LLC
—
Deed
related
$1,800,000 · Commerce Bank Of Arizona
Aug 31, 2020
$1,875,000
Jrj Hacienda LLC
712 Hacienda LLC
Warranty Deed
—
Oct 1, 2007
$1,537,500
712 Hacienda LLC
Ion Re Solutions LLC
Grant Deed
$1,520,000 · First Community Bank
Jan 17, 2006
$1,075,000
Ion Re Solutions LLC
East Valley Properties LLC
Grant Deed
—
Jan 13, 2004
—
East Valley Properties LLC
Humphrey,tr
Grant Deed
related
—
Nov 5, 2003
—
Humphrey,tr
Humphrey,james H & Lorraine W
Quit Claim Deed
related
—
May 5, 1997
$646,000
James H Humphrey
Stephen Wilkinson
Grant Deed
$530,000 · Seller
—
—
James H Humphrey
—
Deed Of Trust
related
$470,000 · Wells Fargo 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.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 712 Hacienda Dr?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
