For Lease
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Property summary
This exceptional 1.24-acre property located at 9103 S HARDY Drive in Tempe, Arizona, presents a unique investment opportunity. The site features an existing 800 square foot steel building, equipped with a swamp cooler and electricity, along with a single bathroom. The property is fully fenced and secured, providing peace of mind for both owner and tenants. Currently generating income through multiple tenants utilizing the space for storage and/or workspace, this property offers immediate cash flow potential. The GID zoning allows for a variety of uses, providing flexibility for future development or expansion. The substantial lot size provides ample room for potential future construction or expansion of the existing structure. This is an ideal investment for those seeking a strong return on investment in a rapidly growing area. The existing building provides immediate income, while the land offers significant potential for future development. The property's secure and fenced nature ensures tenant satisfaction and minimizes potential risks. This turnkey operation is ready for a new owner to step in and continue the successful rental operation or explore further development opportunities. The combination of existing income and future potential makes this a truly compelling investment opportunity in the thriving Tempe market.
Property profile
VerifiedCap rate & NOI
Current use
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Big Box & Wholesale Store (Bike/Boat/Book/etc) Store
Value estimations
Owner & transaction history
Zoning & alternative use
General Industrial District is designed to provide, office uses, warehousing, wholesaling, assembling and manufacturing of building materials, machinery and other commodities to provide employment centers and production.
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Value estimation
Instant AI valuation built from comps, income signals, and proprietary benchmarks. A defensible range, not a single guess.
from $99/month
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
from $99/month
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Property tax & assessments
Tax year 2023Property description
Physical attributes from public recordsZoning & alternative use
GID · Tempe, AZGeneral Industrial District is designed to provide, office uses, warehousing, wholesaling, assembling and manufacturing of building materials, machinery and other commodities to provide employment centers and production.
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
What can be built and operated here — officially.
The district profile from the municipal source: what is on file for GID in Tempe, AZ.
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Find the owner behind the property.
Unlock the evidence behind ownership: portfolio, transactions, debt and signals that help you decide who to contact next.
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