Add Listing
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    8350 Kyrene Rd Tempe, AZ 85284-2121

    • Flex space
    • 93,288 SF
    • 4.86 lot acres
    OFF-MARKET
    Last Sale
    Dec 12, 2024
    $75,500,000
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US07-0326954
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Watlow Electric Manufacturing Company / Warehouse & Storage
    • Aspire Volleyball LLC / Gym & Fitness Center
    • MaxQ Technology, LLC / Industrial Manufacturer / Factory
    • ALEXUS SOLAR / Solar Energy Company
    • Champion auto lift / Big Box & Wholesale Store

    Property Details for 8350 Kyrene Rd

    Year built
    1999
    Construction
    CONCRETE
    Lot size
    4.86 lot acres
    Property size
    93,288 SF
    Zone code
    HID
    Property type
    Flex space
    APN
    301-53-003G
    APU
    30153003G

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $62,252,000
      Market price range: $13.0M - $98.7M
      AI Estimate
      $62,252,000
      Market price range: $13.0M - $98.7M

    • Alternative Use

      Use
      Estimation
      INDUSTRIAL (GENERAL)
      $49,315,000
      Current use
      RESTAURANT
      $65,030,000
      Change: +32% Conversion: Difficult
      AUTO REPAIR, GARAGE
      $64,130,000
      Change: +30% Conversion: Easy
      RETAIL STORES
      $49,125,000
      Change: -0% Conversion: Moderate
      NEIGHBORHOOD: SHOPPING CENTER
      $46,840,000
      Change: -5% Conversion: Difficult

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Tempe
    County
    Maricopa
    State
    Arizona
    Longitude
    -111.947
    Latitude
    33.3398
    CBSA code
    38060
    CBSA name
    PHOENIX-MESA-SCOTTSDALE, AZ METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $106,575
    $0.00
    $0.00
    $2,351,646
    -
    $2,346,900
    $11,905,500
    $14,252,400

    Comparable in this City

    • Value Estimation
      $19,900,000
      27,026 SF

      8905 Beck Ave

      LIGHT INDUSTRIAL • 27,026 SF
      8905 Beck Ave, Tempe, AZ 85284-2829
      View Details
    • Value Estimation
      $11,075,000
      14,600 SF

      1302 Drivers Way

      LIGHT INDUSTRIAL • 14,600 SF
      1302 Drivers Way, Tempe, AZ 85284-1048
      View Details
    • Value Estimation by Request
      99,148 SF

      685 La Vieve Ln

      LIGHT INDUSTRIAL • 99,148 SF
      685 La Vieve Ln, Tempe, AZ 85284-2913
      View Details
    • Value Estimation
      $31,685,000
      44,728 SF

      1430 Auto Dr

      LIGHT INDUSTRIAL • 44,728 SF
      1430 Auto Dr, Tempe, AZ 85284-1034
      View Details
    • Value Estimation by Request
      31,692 SF

      8240 Kyrene Rd

      LIGHT INDUSTRIAL • 31,692 SF
      8240 Kyrene Rd, Tempe, AZ 85284-2117
      View Details
    • Value Estimation by Request
      101,657 SF

      7805 Hardy Dr

      LIGHT INDUSTRIAL • 101,657 SF
      7805 Hardy Dr, Tempe, AZ 85284-1108
      View Details

    Similar Nearby for Sale

    • $17,500,000
      104,836 SF

      Tempe Flex Space: Owner/User Opportunity

      High-income, Class A flex space in Tempe, AZ.
      8320 Hardy Dr, Tempe, AZ 85284
      View Details
    • Contact for pricing
      135,000 SF

      Tempe Industrial Office Space For Sale

      135,000 SF Flex/Executive Office
      8240 River Pkwy, Tempe, AZ 85284
      View Details
    • Contact for pricing

      Office/Warehouse Flex Space Available

      Flex space featuring office and warehouse areas.
      1121 W Warner Rd, Tempe, AZ 85284
      View Details
    • $3,750,000
      12,000 SF

      Tempe Condo Suite with Showroom

      12,000 SF condo suite featuring office, showroom, and warehouse.
      1705-1725 W Ruby Dr, Tempe, AZ 85284
      View Details
    • Contact for pricing
      26,492 SF

      Tempe Warehouse with 1600 Amps

      26,492 SF warehouse featuring 1,600 Amps power and evaporative cooling.
      1410 W Auto Dr, Tempe, AZ 85284
      View Details
    • Contact for pricing

      Office and Warehouse Space Available

      Office and warehouse space featuring reception, conference room, and offices.
      1241 W Warner Rd, Tempe, AZ 85284
      View Details

    Similar Nearby for Lease

    • $17 SF/Yr
      61,997 SF

      Tempe Flex Space: 62,000 SF Available

      Large Tempe industrial flex space for lease. Ideal for diverse businesses.
      8140 Hardy Dr, Tempe, AZ 85284
      View Details
    • Contact for pricing
      3,959 SF

      Tempe Flex Office Space Available

      Two-story flex office building with convenient highway access.
      1711 W Greentree Dr, Tempe, AZ 85284
      View Details
    • Contact for pricing
      7,735 SF

      Tempe Office and Industrial Space

      Office and flexible industrial space with excellent visibility and frontage.
      7810 S Hardy Dr, Tempe, AZ 85284
      View Details
    • $13 SF/Yr
      2,764 SF

      Industrial Space in Tempe, Arizona

      Industrial space for lease in Tempe's Desert Vista Commerce Center.
      7890 Hardy Dr, Tempe, AZ 85284
      View Details
    • $13 SF/Yr

      Tempe Flex Space For Lease

      22,217 SF flex space ideal for call or operation center.
      1120 W Warner Rd, Tempe, AZ 85284
      View Details
    • Contact for pricing
      3,000 SF

      Tempe Warehouse with Secured Yard

      3,000 SF Tempe warehouse with secured yard for lease.
      9111 S Hardy Dr, Tempe, AZ 85284
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    8350 Kyrene Rd
    Tempe, AZ 85284-2121
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!