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Property profile & analytics
FOR LEASE
Office buildings
8312 S Hardy Dr, Tempe, AZ 85284
Entity Owned
1-yr Hold
~
Est. High Equity
Property ID
US07-0393304
For Lease
1 / 2
$21,445,000
8312 S Hardy Dr, Tempe, AZ 85284
View Listing →
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1998
Construction
CONCRETE
Total area
75,280 SF
Lot
7.54 ac (328,394 SF)
Zoning code
HID
APN
301-53-053
UPID
US07-0393304
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
-
AAA Smart Business Security Security Service
-
AAA Smart Home Security Home Appliance Store IT Consulting Firm
-
J&J Garage Door Repair & Openers Building Supply General Contractor
-
Guardian Protection Services Security Service
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$22.08M
Comparable Approach
Comparable
$23.87M
Blend (final)
Blend
$21.45M
Owner & transaction history
Dtc Real State LLC · 1 yrs held
Dtc Real State LLC
since 2025
Last sale
$14.4M
6 recorded transactions
Zoning & alternative use
HID · 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%
$23,920,000
6.5%
$22,080,000
7%
$20,505,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$17,575,000
Current use
MEDICAL BUILDING
$15,410,000
Change: -12% · Conversion: Easy
Blend value · Realmo final
$21.45M
Range $19.30M – $23.59M · ±10% · vs last sale $14.40M (Nov 28 2024)
Last sale anchor
$14.40M
Nov 28 2024
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
$285 / 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
$117,976
Tax year 2023
Assessed value
$2,068,391
Assessed 2024
Previous assessed
$1,736,210
+19.1% YoY
Effective rate
5.70%
On assessed value
Land market value
$2,822,400
Improvement market value
$9,713,300
Total market value
$12,535,700
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
For Lease
Year built
1998
Construction
CONCRETE
Heating
PACKAGE
Cooling
YES
Stories
1
Total area
75,280 SF
Lot
7.54 ac (328,394 SF)
Zoning code
HID
APN
301-53-053
UPID
US07-0393304
Jurisdiction
MARICOPA
Zoning & alternative use
HID · Tempe, AZ
Zoning HID · permitted uses
HID · 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
$17.6M
MEDICAL BUILDING
Est. value
$15.4M
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
1998
Construction
CONCRETE
Heating
PACKAGE
Cooling
Yes
Stories
1
Lot
7.54 ac
Current owner
From public records · entity-resolved
Dtc Real State LLC
Entity
Mailing address
1 ALLIED DR STE #1715, LITTLE ROCK, AR 72202-2069
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 30, 2026
—
Dtc Real State LLC
—
Deed
related
$10,250,000
Feb 28, 2025
$14,400,000
Dtc Real State LLC
Tempus Tempe LLC
Special Warranty Deed
$8,577,229 · Washington Federal NA
Oct 1, 2021
$23,460,000
Tempus Tempe LLC
Warner Crossing Phoenix LLC
Special Warranty Deed
$14,330,000 · Bancorpsouth Bank
Jan 11, 2017
$18,480,000
Warner Crossings Phoenix LLC
Us Bank NA 2006-c29
Grant Deed
$11,433,000 · A10 Cap
Sep 7, 2000
—
Warner Crossing LLC
Ackerberg Partners LLC
Quit Claim Deed
related
—
Sep 7, 2000
$18,000,000
Ackerberg Partners LLC
Ryan Companies Us INC
Trustees 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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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