Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    8425 Emerald Dr Ste, Unit 103 Tempe, AZ 85284-1065
    Back to Search
    Property profile & analytics

    8425 Emerald Dr Ste, Unit 103, Tempe, AZ 85284-1065

    View on Map
    • Retail space
    • 10,760 SF
    • 0.07 lot acres
    Off-Market
    Last Sale Jul 29, 2020
    Property ID
    US07-2041617
    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.
    Value Estimations
    $1,685,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Retail space

    Property Details for 8425 Emerald Dr Ste

    Year built
    2007
    Construction
    CONCRETE
    Lot size
    0.07 lot acres
    Zone code
    RCC
    Property type
    Retail space
    APN
    301-54-956
    APU
    30154956

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Jul 29, 2020 — Emerald & Priest LLC Torres Family Trust Grant Deed —
    Apr 17, 2020 — Torres Family Trust — Deed · related $320k · Vantage W Cu
    Feb 21, 2020 $585,000 Torres Family Trust Peart 583 LLC Grant Deed $170k · Hanson Cap
    Jan 16, 2018 $450,000 Peart 583 LLC Fawver,donald L & Kay A Warranty Deed —
    Sep 7, 2007 $845,600 Donald L Fawver Emerald Phase II LLC Grant Deed $755k · Silver Hill Financial LLC
    — — Torres Family Trust — Deed Of Trust · related $320k · Vantage W Cu

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $1,699,000
      Market price range: $1.39M - $10.3M
      AI Estimate
      $1,669,000
      Market price range: $1.39M - $10.3M

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

    Location Insight

    • Map
    • Local Demand
    City
    Tempe
    County
    Maricopa
    State
    Arizona
    Longitude
    -111.968
    Latitude
    33.34
    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
    $5,485
    $0.00
    $0.00
    $67,271
    -
    $81,500
    $326,200
    $407,700

    Comparable in this City

    • Value Estimation
      $720,000
      753 SF

      1804 Elliot Rd

      RETAIL STORES (PERSONAL SERVICES)
      1804 Elliot Rd, Tempe, AZ 85284-1703
      View Details
    • Value Estimation by Request
      28,950 SF

      8770 Rural Rd

      Individual retail properties
      8770 Rural Rd, Tempe, AZ 85284
      View Details
    • Value Estimation
      $2,700,000
      2,678 SF

      1741 Warner Rd

      RETAIL STORES (PERSONAL SERVICES)
      1741 Warner Rd, Tempe, AZ 85284-4528
      View Details
    • Value Estimation by Request

      1700 Elliot Rd

      Individual retail properties
      1700 Elliot Rd, Tempe, AZ 85284
      View Details
    • Value Estimation
      $3,345,000
      3,502 SF

      7700 Autoplex Loop

      RETAIL STORES (PERSONAL SERVICES)
      7700 Autoplex Loop, Tempe, AZ 85284-1008
      View Details
    • Value Estimation
      $3,980,000
      4,168 SF

      7670 Priest Dr

      RETAIL STORES (PERSONAL SERVICES)
      7670 Priest Dr, Tempe, AZ 85284-1001
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      5,634 SF

      Tempe Retail Space For Sale

      Retail space available in Tempe, Arizona, 5.20% CAP.
      9895 S Priest Dr, Tempe, AZ 85284
      View Details
    • $4,280,000

      Tempe Crossing Drive-Thru Investment

      Fully leased, two-tenant property with drive-thru in Tempe, Arizona.
      9895 S Priest Dr, Tempe, AZ 85284
      View Details
    • Contact for pricing
      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
      5,546 SF

      Retail Building Near IKEA

      5,546 SF retail building with attractive patio and landscaping.
      8425 S Emerald Dr, Tempe, AZ 85284
      View Details
    • Contact for pricing
      24,888 SF

      Tempe Retail Showroom For Sale

      Retail showroom with truckwell and ample parking in Tempe, AZ.
      9959 S Priest Dr, Tempe, AZ 85284
      View Details
    • Contact for pricing

      Fry's Shopping Center Retail Space

      Retail space available in Tempe's established, affluent neighborhood.
      9900 S Rural Rd, Tempe, AZ 85284
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      16,795 SF

      High-Traffic Retail Space Available

      Retail space with high visibility and strong daytime population.
      7810 S Priest Dr, Tempe, AZ 85284
      View Details
    • Contact for pricing
      1,300 SF

      Tempe Retail Space For Rent

      Retail space available in Tempe, anchored by Costco.
      1275 W Elliot Rd, Tempe, AZ 85284
      View Details
    • Contact for pricing
      1,375 SF

      Retail Space in Tempe Neighborhood

      Retail space for lease in established Tempe location.
      7650-7660 S Mcclintock Dr, Tempe, AZ 85284
      View Details
    • Contact for pricing
      1,193 SF

      Hard Corner Retail Space Available

      Retail space with excellent signage and high traffic volume.
      7707 S Kyrene Rd, Tempe, AZ 85284
      View Details
    • Contact for pricing
      1,100 SF

      Retail Space Near ASU Research

      Retail space available near ASU Research with anchor tenants.
      1860 E Warner Rd, Tempe, AZ 85284
      View Details
    • Contact for pricing
      1,008 SF

      Retail Space in Affluent Area

      Retail space in a densely populated, affluent neighborhood.
      9920 W Ray Rd, 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.
    8425 Emerald Dr Ste, Unit 103
    Tempe, AZ 85284-1065
    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

    Thank You for Inquiry
    8425 Emerald Dr Ste, Tempe, AZ, 85284
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!