Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Richardson Garden Office Complex Title is generated by Realmo AI

    1131 Rockingham Dr, Richardson, TX 75080

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Lease
    Contact for pricing

    Four-building office complex with fitness center and conference room access.

    Type:Office
    Added:
    Nov 6, 2024
    Days on Market:
    564
    Last Refresh:
    May 11 at 11:26 pm

    Property Features for 1131 Rockingham Dr

    General Information

    Standard status
    Active
    Property subtype
    Office

    Spaces For Lease

    at 1131 Rockingham Dr Contact us

    We can help!

    Listing Contact
    Paul Richter
    Paul Richter

    Listing agent Paul Richter License #TX 277745

    Listing office Bradford Commercial

    Listing date Nov 6, 2024

    Source Crexi

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    All listing content including descriptions, pricing, images are the copyrighted material of Bradford Commercial

    HighLights

    • Convenient location directly on Arapaho Road and blocks west of US 75.
    • Newly added fitness center for tenants.
    • Free access to campus conference room.
    • Beautifully landscaped grounds.
    • Ample parking with a 5:1000 ratio.
    • Full‑service rates including janitorial and electricity.

    Overview

    Arapaho Gardens is a four-building garden office complex situated on Arapaho Road in Richardson, Texas, a few blocks west of US 75. The property features landscaping, a newly added fitness center, and a campus conference room available for tenant use. Parking is available at a ratio of 5 spaces per 1,000 square feet. Full-service rates include janitorial services and electricity. The location provides access to local amenities and is near US 75 and Coit Road.
    Location Intelligence

    Current Use by Public Records

    Dale John P ... Accounting Firm Aventas Inc IT Consulting Firm Dominion EMS Ambulance ... Ambulance Service Mw Restaurants Restaurant Golden Tree Restaurants ... Corporate Office

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Richardson
    County
    Dallas
    State
    Texas
    Longitude
    -96.740782
    Latitude
    32.964396

    Nearby Similar for Lease

    • $3,500/Mo
      3,300 SF

      Penthouse Office Suite in Richardson

      Executive office space with skyrise views available for rent.
      100 N Central Expressway, Richardson, TX 75080
      View Details
    • $10 SF/Yr

      Office Space in Richardson, TX

      Office space available with excellent highway access in Richardson.
      1702 N Collins Boulevard, Richardson, TX 75080
      View Details
    • $2,500/Mo

      Furnished Office Space in Richardson

      Move-in ready, fully furnished office space with versatile layout.
      901 Waterfall Way, Richardson, TX 75080
      View Details
    • $78 SF/Yr
      2,000-2,000 SF

      HEXA Coworking

      Flexible offices, meeting rooms & event space in Richardson.
      2100 Greenville Ave, Richardson, TX 75082
      View Details
    • Sponsored
      $129-$5,946/Mo
      11-1,292 SF

      TX, Richardson - North Collins Blvd

      1600 Collins Blvd, Unit 2ND, Richardson, TX 75080
      View Details
    • $129-$5,017/Mo
      11-1,292 SF

      Richardson Telecom

      2435 Central Expy, Unit 12TH, Richardson, TX 75080
      View Details
    • $3,680/Mo

      Versatile Office Space, Richardson, TX

      3,500 SF office space suitable for medical or general business.
      2097 N Collins Street, Richardson, TX 75080
      View Details
    • Sponsored
      Contact for pricing

      TX, Richardson - Rockingham Ln

      1177 Rockingham Ln, Richardson, TX 75080
      View Details
    • $4,588/Mo
      296 SF

      Richardson Office Space For Rent

      Office spaces available in Richardson, near US 75.
      301 S Sherman Street, Richardson, TX 75081
      View Details
    • $16 SF/Yr
      4,622 SF

      Richardson Office Space Available

      Office spaces available, ranging from 1,884 to 4,622 square feet.
      1651 N Collins Blvd, Richardson, TX 75080
      View Details
    • $25 SF/Yr
      2,863 SF

      Move-in Ready Medical Office Space

      Second-generation medical office in the heart of Richardson Medical District.
      1080 W Campbell Rd, Richardson, TX
      View Details
    • Contact for pricing
      6,610 SF

      Retail/Restaurant Space in Richardson, TX

      Retail or restaurant space available near US-75 and PGBT.
      110 W CITYLINE DR, Richardson, TX 75082
      View Details

    FAQs

    What type of property is this?
    Office building - Four-building office complex with fitness center and conference room access.
    Where is this office building located?
    The property is located at 1131 Rockingham Dr Richardson, TX.
    What are key features of this property?
    This property features: Convenient location directly on Arapaho Road and blocks west of US 75.; Newly added fitness center for tenants.; Free access to campus conference room.
    (972) 776-7036 Call to check price and availability
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Paul Richter
    Paul Richter
    Real Estate License ID: TX 277745
    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

    Thank You for Inquiry
    1131 Rockingham Dr, Richardson, TX 75080
    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!