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Property profile & analytics
OFF-MARKET
Estimated value
$19,575,000
Office buildings
7333 Hardy Dr Tempe, AZ 85283-4478
Entity Owned
1-yr Hold
Absentee Owner
Free & Clear
Property ID
US07-0396906
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1997
Construction
CONCRETE
Total area
96,586 SF
Lot
7.43 ac (323,708 SF)
Zoning code
GID
APN
301-90-019
UPID
US07-0396906
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
-
Darren Wong Pharmacy
-
Tempe Commerce Park Business Park
-
HealthCare Insurance Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$19.58M
Blend (final)
Blend
$19.58M
Owner & transaction history
Lpf Tempe Commerce Park LLC · 1 yrs held
Lpf Tempe Commerce Park LLC
since 2024
7 recorded transactions
Zoning & alternative use
GID · Tempe, AZ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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
OFFICE BUILDING
$24,105,000
Current use
MEDICAL BUILDING
$19,775,000
Change: -18% · Conversion: Easy
Blend value · Realmo final
$19.58M
Range $17.62M – $21.53M · ±10%
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
$203 / 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
$144,980
Tax year 2023
Assessed value
$1,935,014
Assessed 2024
Previous assessed
$2,416,992
-19.9% YoY
Effective rate
7.49%
On assessed value
Land market value
$3,377,800
Improvement market value
$8,349,559
Total market value
$11,727,359
Applied tax rate
281,600.0000
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
1997
Construction
CONCRETE
Heating
PACKAGE
Cooling
YES
Stories
1
Total area
96,586 SF
Lot
7.43 ac (323,708 SF)
Zoning code
GID
APN
301-90-019
UPID
US07-0396906
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
OFFICE BUILDING Current
Est. value
$24.1M
MEDICAL BUILDING
Est. value
$19.8M
OFFICE BUILDING Current
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
1997
Construction
CONCRETE
Heating
PACKAGE
Cooling
Yes
Stories
1
Lot
7.43 ac
Current owner
From public records · entity-resolved
Lpf Tempe Commerce Park LLC
Entity
Free & Clear · 1 yrs held
Mailing address
280 PARK AVE FL #36, NEW YORK, NY 10017-1285
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 26, 2024
$112,000,000
Lpf Tempe Commerce Park LLC
Tempe Commerce Ll LLC
Special Warranty Deed
—
Nov 10, 2022
—
Mcmif Holdco I LLC
Metlife Commercial Mtg Originator L
Assignment Of Lease (leasehold Sale)
—
Feb 23, 2021
$85,350,000
Tempe Commerce Ll LLC
Bkm Tempe Commerce 112 LLC
Special Warranty Deed
$63,477,500 · Metlife Home Loans
Jun 16, 2016
$58,000,000
Bkm Tempe Commerce 112 LLC
Core Fund Tempe Property LLC
Special Warranty Deed
$40,164,000 · Cit Bank NA
May 17, 2016
—
Core Fund Tempe Property LLC
Tempe I & II-op & F INC
Quit Claim Deed
related
—
Jan 15, 2003
—
Tempe City (az)
First Industrial LP
Grant Deed
related
—
Nov 22, 2000
$11,000,000
Temple I & II-op&f INC
First Industrial LP
Grant Deed
—
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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