Add Listing
    For Sale
    • 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

    407 Maple Street Richardson, TX 75081

    View on Map
    For Sale
    $325,000

    Unimproved Land - Richardson, TX

    Type:Unimproved Land
    Lot size:
    0.25 Acres
    Added:
    Feb 11, 2026
    Days on Market:
    49
    Last Refresh:
    Apr 1 at 2:06 am

    Property Features for 407 Maple Street

    General Information

    Property type
    Land
    Property subtype
    Unimproved Land
    Standard status
    Active
    APN
    42089500020290000
    Lot size
    0.25 Acres

    Building Details

    Year built
    1953
    Architectural style
    Other

    We can help!

    Listing Contact
    Linda Awad

    Listing agent Linda Awad License #0705415

    Listing office Compass RE Texas, LLC 2595 Dallas Parkway St 300, Dallas, TX

    Listing date Feb 11, 2026

    MLS# 21159344 Listing URL

    Copyright © 2026 North Texas Real Estate Information Systems, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Residential Land in Prime Location

    This is a 10,877-square-foot homesite located in the Highland neighborhood. The cleared and build-ready lot has utilities available at the street. There are no HOA restrictions, allowing for total creative freedom to choose your own builder and design a custom floor plan. The property is located within the Richardson Independent School District, with access to Hwy 190 and US-75. It is located near shopping and dining, and approximately 20 minutes from Downtown Dallas and Frisco.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Daycare Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Richardson
    County
    Dallas
    State
    Texas
    Longitude
    -96.728466
    Latitude
    32.941876

    Nearby Similar for Sale

    • $675,000

      Richardson Office Space For Sale

      Bright office space with easy highway access in Richardson, TX.
      1001 Hampshire Lane, Richardson, TX 75080
      View Details
    • $1,450,000

      Richardson Office Investment Opportunity

      Well-maintained 5,003 sq. ft. office space near George Bush Turnpike.
      3205 Talon Drive, Richardson, TX 75082
      View Details
    • $74,500
      1,206 SF

      Richardson Office Suite For Sale

      Professional office suite in a thriving Richardson business corridor.
      375 Municipal Drive, Richardson, TX 75080
      View Details
    • $329,000

      Residential Lot in Richland Park

      Build your dream home in a desirable Richardson location.
      463 Harvest Glen Drive, Richardson, TX 75081
      View Details
    • $639,000

      Richardson Office For Sale

      Office building for sale in Richardson, Texas.
      208 S Cottonwood Drive, Richardson, TX 75080
      View Details
    • $365,000

      Residential Land in Richardson, TX

      Cleared 0.249-acre lot ready for custom home in Richardson, TX.
      468 Pittman Street, Richardson, TX 75081
      View Details
    • $1,650,000

      Richardson, TX Business Opportunity

      Centrally located property with gym, classrooms, and ample parking.
      300 S Bowser Road, Richardson, TX 75081
      View Details
    • $620,000

      Spacious Townhome-Style Duplex in Richardson

      Richardson duplex featuring attached garages and private fenced yards.
      100 Trellis Place, Richardson, TX 75081
      View Details
    • $90,000

      Build-Ready Lot in Richardson, TX

      Cleared townhome lot in desirable Richardson Racquet Club Estates.
      1324 Summerwood Lane, Richardson, TX 75081
      View Details
    • $350,000

      Creek Lot in Richardson, TX

      Unimproved land in Richardson, TX, perfect for building a dream home.
      1717 Timberway Drive, Richardson, TX 75082
      View Details
    • $2,315,260
      7,324 SF

      Redevelopment Opportunity in Richardson, Texas

      Over one acre corner lot suitable for redevelopment or renovation.
      604 S Grove Road, Richardson, TX 75081
      View Details
    • $2,800,000

      Richardson Church Building For Sale

      Magnificent church building in Richardson, TX, ideal for congregations.
      1000 Centennial Boulevard, Richardson, TX 75081
      View Details

    FAQs

    What type of property is this?
    Residential land & home lot - Cleared homesite in Richardson ISD, ready for custom build.
    Where is this residential land & home lot located?
    The property is located at 407 Maple Street Richardson, TX.
    What is the asking price?
    The asking price for this property is $325,000.
    What are key features of this property?
    This property features: Large 10,877 sq ft cleared, build‑ready lot in the prestigious Highland neighborhood.; No HOA restrictions, allowing for complete creative freedom in design and builder selection.; Utilities readily available at the street for a seamless construction process.
    (469) 210-8288
    We can help!
    Listing Contact
    Linda Awad
    Real Estate License ID: 0705415
    Learn More
    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.
    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!