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    Mixed-Use Tower in Prime Location Title is generated by Realmo AI

    300 N Coit Road, Richardson, TX 75080

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    Retail and office tower with value-add potential in Richardson, TX.

    Type:Mixed Use, Office, Retail
    Property size:
    226,723 SF
    Added:
    May 26, 2026
    Days on Market:
    6
    Last Refresh:
    May 27 at 8:27 am

    Property Features for 300 N Coit Road

    General Information

    Standard status
    Active
    Size
    226,723 SF
    Property subtype
    Mixed Use, Office, Retail

    Building Details

    Year Built
    1977

    We can help!

    Listing Contact
    Joseph Jaques

    Listing agent Joseph Jaques License #TX 651497

    Listing office Marcus & Millichap - Dallas

    Listing date May 26, 2026

    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 Marcus & Millichap - Dallas

    HighLights

    • Premier investment opportunity in a landmark location within a dynamic high‑tech and international business hub.
    • Significant leasing upside potential due to below‑market occupancy rates in both retail (57.21%) and office (53.05%) spaces.
    • Recently renovated with comprehensive updates to lobby, corridor, elevator, and HVAC systems.
    • Strategic location at the intersection of Belt Line Road and North Coit Road with high daily traffic count (41,600 vehicles).
    • Strong fundamentals with a blend of stable rent roll and long‑term growth potential, offered at a price substantially below replacement cost.
    • Comprehensive amenities including a conference center, tenant lounge, structured parking, on‑site security, property management, and excellent walkability (Walk Score 87).

    Overview

    Promenade Retail and Office Tower, located at 300 North Coit Road in Richardson, Texas, offers a mixed-use investment opportunity. The property includes 84,421 square feet of retail space and 142,302 square feet of office space. Situated near the intersection of Belt Line Road and North Coit Road, the location is in a high-tech and international business hub. The property has been recently renovated and maintained, with updates to the lobby, corridor, elevator, and HVAC systems. The asset consists of a two-story retail plaza and a 15-story office tower. Retail occupancy is at 57.21 percent, and office occupancy is at 53.05 percent. Coit Road sees over 41,600 vehicles daily. Building amenities include a conference center, tenant lounge, structured parking, on-site security, and property management. The property also offers signage opportunities and walkability to shops and dining (Walk Score 87).
    Location Intelligence

    Current Use by Public Records

    FNR Solutions, Inc. Employment Agency Compnova Inc (Bike/Boat/Book/etc) Store Buchwald Family Dentistry ... Dental Office OneStopShopInsurance Insurance Agency Mike Hart - State ... Insurance Agency

    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
    -96.7681995
    Latitude
    32.9551809

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    FAQs

    What type of property is this?
    Mixed-use property - Retail and office tower with value-add potential in Richardson, TX.
    Where is this mixed-use property located?
    The property is located at 300 N Coit Road Richardson, TX.
    What are key features of this property?
    This property features: Premier investment opportunity in a landmark location within a dynamic high‑tech and international business hub.; Significant leasing upside potential due to below‑market occupancy rates in both retail (57.21%) and office (53.05%) spaces.; **Recently renovated with comprehensive updates to lobby, corridor, elevator, and HVAC systems.**
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Joseph Jaques
    Real Estate License ID: TX 651497
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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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