Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    The Largest CRE Database in the US with Over 1 Million Listings

    701 N Glenville Dr Richardson, TX 75081

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Lease
    Contact for pricing

    Flex space available for lease in Richardson, Texas.

    Property size:
    5,600 SF
    Lot size:
    6.43 Acres

    Property Features for 701 N Glenville Dr

    General Information

    Size
    5,600 SF
    Lot size
    6.43 Acres

    We can help!

    Listing Contact
    Garrett Goldstein
    Garrett Goldstein
    Source: Moodyscre

    Listing Agency: Rich Young Company Listing Agent: Garrett Goldstein

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

    Learn more

    Property Insight Report

    Overview

    Richardson Flex Space Available

    This flex space property, located in Richardson, Texas, offers 3,620 square feet of space. The lease rate does not include utilities, property expenses, or building services. The property includes one drive-in bay.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Train 4 Tomorrow Gym & Fitness Center Glee Signs (Bike/Boat/Book/etc) Store NeoCurly (Bike/Boat/Book/etc) Store Lewis Performance Training Gym & Fitness Center PPT Elite Gym & Fitness Center

    Suggested Use

    Restaurant Real Estate Agency Law Firm Spa & Massage Center Building Supply Dental Office Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon

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

    Similar Places Nearby

    Katherine's Catering, Lola's Sweet Spins, chatore, Carl's Kitchen, *Festive Kitchen

    Location Insight

    • Map
    • Local Demand
    City
    Richardson
    County
    Dallas
    State
    Texas
    Longitude
    -96.706345
    Latitude
    32.958449

    Nearby Similar for Lease

    • $2,750 /Mo
      3,300 SF

      Penthouse Office Suite in Richardson

      Executive office space with skyrise views and shared amenities.
      100 N Central Expy, Richardson, TX 75080
      View Details
    • Sponsored
      Contact for pricing

      TX, Richardson - North Collins Blvd

      Workspaces, services and support to help you work better in MI, Kalamazoo - Plastic Pl
      1600 Collins Blvd, Richardson, TX 75080
      View Details
    • $5,484 /Mo
      21,693 SF

      Office Space with Exclusive Signage

      Bright office space with signage, easy highway access.
      1001 Hampshire Ln, Richardson, TX 75080
      View Details
    • Sponsored
      New
      Contact for pricing

      Richardson Telecom

      Discover many ways to work your way in Richardson Telecom
      2435 Central Expy, Richardson, TX 75080
      View Details
    • $2,500 /Mo
      126,324 SF

      Furnished Office Space in Richardson

      Move-in ready, fully furnished office space with versatile layout.
      901 Waterfall Way, Richardson, TX 75080
      View Details
    • $3,680 /Mo
      32,378 SF

      Versatile Office Space, Richardson, TX

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

      TX, Richardson - Rockingham Ln

      Discover many ways to work your way in Doylestown
      1177 Rockingham Ln, Richardson, TX 75080
      View Details
    • Contact for pricing
      18,701 SF

      Premier Office Space in Richardson

      Two-building office complex in the heart of Richardson Telecom Corridor.
      2425 North Central Expy, Richardson, TX 75080
      View Details
    • Contact for pricing

      Richardson Flex Space For Rent

      Functional office/showroom/warehouse space in Richardson's Telecom Corridor.
      1819 Firman Dr, Richardson, TX 75081
      View Details
    • Contact for pricing
      5,200 SF

      Retail Space in Heritage Square

      Retail space for lease in a busy Richardson shopping center.
      1131 N Jupiter Rd, Richardson, TX 75081
      View Details
    • $4,588 /Mo
      296 SF

      Richardson Office Space For Rent

      Office spaces available in Richardson, near US 75.
      301 S Sherman St, Richardson, TX 75081
      View Details
    • Contact for pricing
      1,524 SF

      Auto Sales/Service Property

      Automotive zoned property with freeway visibility and access.
      211-227 Central Expy, Richardson, TX 75080
      View Details

    FAQs

    What type of property is this?
    Flex space - Flex space available for lease in Richardson, Texas.
    Where is this flex space located?
    The property is located at 701 N Glenville Dr Richardson, TX.
    What are key features of this property?
    This property features: - 1 drive bay
    (214) 364-0674 Call to check price and availability
    Request Owner's contact information
    701 N Glenville Dr Richardson, TX 75081
    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.
    701 N Glenville Dr
    Richardson, TX 75081
    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
    701 N Glenville Dr Richardson, TX 75081
    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

    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Garrett Goldstein
    Garrett Goldstein
    (214) 364-0674 (972) 236-7645
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!