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    Two-Story Freestanding Office Building Title is generated by Realmo AI

    901 Waterfall Way, Richardson, TX 75080

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    Claim this Listing
    For Sale
    Under Contract
    $1,749,000

    COMMERCIAL - Richardson, TX

    Lot size:
    0.66 Acres
    Added:
    May 18, 2026
    Days on Market:
    19
    Last Refresh:
    Jun 5 at 12:06 pm

    Property Features for 901 Waterfall Way

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Parking features
    Alley, Parking Lot
    Security features
    Security
    Standard status
    Active Under Contract
    APN
    42098400010050000
    Lot size
    0.66 Acres

    Taxes and HOA fees

    Tax Description
    J B K BLK 1 LOT 5 ACS 0.658
    Tax Annual Amount
    19633

    Utilities

    Sewer type
    Public Sewer
    Heating system
    Heat Pump (Heating), Electric (Heating), Zoned, Central
    Cooling system
    Zoned, Electric, Central Air, Heat Pump, ENERGY STAR Qualified Equipment
    Water source
    Public

    Building Details

    Year built
    1982
    Floors in Building
    2
    Number of units
    501
    Flooring type
    Laminate, Tile, Stone
    Building materials
    Brick
    Roof type
    Tile

    We can help!

    Listing Contact
    Vio Moldovan
    Vio Moldovan

    Listing agent Vio Moldovan License #0496325

    Listing office Citiwide Alliance Realty Dallas, TX

    Listing date May 18, 2026

    MLS# 21234656

    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.

    HighLights

    • Two‑story freestanding office building (brick) built in 1982
    • Zoned Corridor Commercial (CC) allows office, service, and limited manufacturing uses
    • Each level has restrooms and kitchen facilities, supporting single‑tenant or multi‑tenant use
    • Cooling includes central air and heat pump systems, with ENERGY STAR qualified equipment
    • Roof updates include a new copper metal roof; recent improvements include updated ventilation computer room and new windows
    • Large parking lot with alley parking; served by public water and public sewer

    Overview

    This two-story freestanding office building is designed for a refined professional presence, with a mix of executive offices, conference rooms, and open workspaces. Each level includes restrooms and kitchen facilities, supporting day-to-day operations for a single user or a potential multi-tenant setup. Recent updates include a new second-floor plan with individual cubicles, conference room, air conditioning, an updated ventilation computer room, windows, a new copper metal roof, and two eat-in kitchen areas, one per floor.

    Located in Richardson, TX, the property offers strong visibility and accessibility, positioned between three major highways: Dallas North Tollway, Interstate 635, and 75 Central Expressway. Zoned Corridor Commercial (CC), the building provides flexibility for office, service, and limited manufacturing uses, supporting a range of business and professional applications. Off-street convenience is also a key benefit with a large parking lot.

    The layout and amenities make this a practical fit for corporate headquarters, medical or professional offices, educational uses, or service-oriented organizations seeking a complete, move-ready workplace. The Corridor Commercial zoning and existing two-level configuration also support owners considering an occupancy strategy that can evolve over time, whether occupying, leasing, or holding for investment.
    Property Profile Location Intelligence

    Current Use by Public Records

    Suncase Corporation Government Office Rischs Heater Repairs Big Box & Wholesale Store International Association of Electrical ... Electrical Service QBA Consulting Corporation Insurance Agency Waterfall Academy Training Center

    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
    -96.76302
    Latitude
    32.941401

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    FAQs

    What type of property is this?
    Office building - Freestanding two-story office with executive, conference, and open work areas plus convenient parking and kitchen access on both levels.
    Where is this office building located?
    The property is located at 901 Waterfall Way Richardson, TX.
    What is the asking price?
    The asking price for this property is $1,749,000.
    What are key features of this property?
    This property features: Two‑story freestanding office building (brick) built in 1982; Zoned Corridor Commercial (CC) allows office, service, and limited manufacturing uses; Each level has restrooms and kitchen facilities, supporting single‑tenant or multi‑tenant use
    (214) 524-3500
    We can help!
    Listing Contact
    Vio Moldovan
    Vio Moldovan
    Real Estate License ID: 0496325
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    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.

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