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Property profile & analytics
OFF-MARKET Estimated value $1,070,000
Office buildings

331 Melrose Dr Richardson, TX 75080-4405

25,970 SF 1.7 ac lot Built 1984
Entity Owned 10-yr Hold ~ Est. High Equity
Property ID
US82-0760103
Property summary
AI-generated overview

This single-story, 23,233-square-foot office building in Richardson, Texas, offers flexible space ideal for various businesses. Located at 331 Melrose Dr, 75080, this Class C property boasts convenient access to US-75 (Central Expy), via the southbound service road. Built in 1985 and renovated in 2014, the building features updated common areas and a tenant conference room, enhancing its appeal. The property comprises four suites, with a minimum divisible space of 800 square feet and a maximum contiguous space of 1,419 square feet. Currently, 4,529 square feet are available for lease. The building's location in Dallas County, Texas, provides excellent visibility and accessibility. This versatile space is suitable for executive offices, medical offices, or traditional office setups, catering to multiple tenants. The property's single-story design offers ease of access and navigation. This is a fantastic opportunity to secure office space in a well-maintained building with convenient amenities and a prime location. The building's updated common areas and added tenant conference room provide a professional and functional workspace. Don't miss this chance to establish your business in this thriving Richardson location.

Property profile
Verified
Property type Office buildings
Use group OFFICE BUILDING
Year built 1984
Construction TILT-UP CONCRETE
Total area 25,970 SF
Lot 1.7 ac (74,183 SF)
Zoning code Z206
APN 421068500A0030000
UPID US82-0760103
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • Melrose Clinic Medical Clinic
  • MARK BRICKEY Physician
  • ANUPAM YATISH VERMA Physician
  • Daniel J. Kirkland, RPT-S Counselor
  • Visiting Angels Home Health Care Service Assisted Living Facility
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
$875k
CAP Approach CAP
by Request
Comparable Approach Comparable
$1.27M
Blend (final) Blend
$1.07M
Owner & transaction history
Hen Kev Real Estate LLC · 10 yrs held
Hen Kev Real Estate LLC
since 2016
6 recorded transactions
2016
Price N/A
2016
Price N/A
2013
Price N/A
2001
Price N/A
1969
Price N/A
1969
Price N/A
Zoning & alternative use
Z206 · Richardson, TX
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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