Remodeled Flex Industrial
New
For Sale
$3,495,000
508 N Bowser Road, Richardson, TX 75081
CommercialSale, Richardson, TX
Property Size15,283 SF
Lot Size0.78 Acres
Price / SF$228.69
Days on Market7
Property Features for 508 N Bowser Road
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning description
Z109 Planned Development
Parking features
Parking Lot, Garage
Subdivision
Buckner & Pittman Indust Area Rev
Directions
From US-75 N, exit Arapaho Rd and head east. Turn right onto N Bowser Rd. The property will be on the right.
Standard status
Active
APN
42018550000020000
Lot size
0.78 Acres
Taxes and HOA fees
Tax Description
BUCKNER & PITTMAN IND AREA REV BLK 1 LT 2A AC
Tax Annual Amount
28716
Legal Description
BUCKNER & PITTMAN IND AREA REV BLK 1 LT 2A AC
Utilities
Sewer type
Public Sewer
Heating system
Central, Electric (Heating)
Cooling system
Electric, Central Air
Water source
Public
Amenities
conference room
Building Details
Year built
1976
Floors in Building
1
Number of units
1
Flooring type
Concrete
Building materials
Block, Concrete, Stucco
Roof type
Flat, Built-Up
Listing Agency:
Grand Estates Internationale
(469) 585-4991
Listed By:
Pegah Ganji
(469) 268-5609
Added: Oct 1
Changed: Oct 6
Last Checked: Oct 7 at 6:06AM
MLS# 21400663
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.
Investment Insights
Based on property information with market context.
This 15,283-square-foot flex industrial building in Richardson combines office and operational areas. The office portion includes reception space and private offices, along with refreshed office areas and a glass-enclosed conference room. Warehouse, storage, and operational space share the facility. Recent work included repainting the interior and exterior, and the building dates to 1976.
The warehouse area has approximately 11-foot clear height, two grade-level drive-in doors, and 400-amp electrical service. The property is located at 508 N Bowser Road in Richardson, Texas.
The warehouse area has approximately 11-foot clear height, two grade-level drive-in doors, and 400-amp electrical service. The property is located at 508 N Bowser Road in Richardson, Texas.
Key Highlights
- 15,283 square feet of flex industrial space
- Two grade‑level drive‑in doors
- Approximately 11‑foot clear height
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$139,473
Cap Rate
3.99%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,789,460
$2.8M
Cap Rate 7%
$1,992,471
$2.0M
Cap Rate 9%
$1,549,700
$1.5M
Market Conditions
NOI Build-Up for 15,283 SF
Gross rent
$238.4K $15.60/SF
− Vacancy
−$23.8K −$1.56/SF
EGI
$214.6K $14.04/SF
− OpEx
−$75.1K −$4.91/SF
NOI
$139.5K $9.13/SF
Area
Richardson, TX
Vacancy
10.00%
Lease Rate
$15.60 /SF/Yr
Expense Ratio
35.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,789,460
Cap Rate 7%
$1,992,471
Cap Rate 9%
$1,549,700
Alternative Uses
Best Use
Flex RnD
$1.99M
$1.74M – $2.32M
NOI $139,473 @ 7.0% cap · market cap 3.99%
Second Best
Warehouse
$1.61M
$1.41M – $1.88M
NOI $112,862 @ 7.0% cap · market cap 3.23%
Theoretical Best
Office A
$4.64M
$4.06M – $5.41M
NOI $324,831 @ 7.0% cap · market cap 9.29%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
11 ft
Clear height
2
Drive-in doors
Location Intelligence
Trade Area within ½ mile
1,363
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 75081, TX
37,766
Population
14,662
Households
2.6
Avg Household Size
37
Median Age
45%
College-Educated
90%
High-School Grad
9.0 sq mi
ZIP Area
4,196
Density / Sq Mi
$90,953
Median Household Income
$50,026
Median Earnings
$1,765
Median Rent
$340,600
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Industrial in South region
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Similar Off Market Nearby
- Lola's Sweet Spins — 705 N Bowser Rd, Richardson, TX 75081
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- Carl's Kitchen — 1401 E Arapaho Rd suite d, Richardson, TX 75081
Frequently Asked Questions
What type of property is this?
Flex space - Office, meeting, storage, and warehouse areas are integrated within one commercial facility.
Where is this flex space located?
The property is located at 508 N Bowser Road Richardson, TX.
What is the asking price?
The asking price for this property is $3,495,000.
What are key features of this property?
This property features: 15,283 square feet of flex industrial space; Two grade‑level drive‑in doors; Approximately 11‑foot clear height
