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    Mixed-Use Building on Central Expressway Title is generated by Realmo AI

    777 S Central Expy, Richardson, TX 75080

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    Mixed-use building with retail exposure in Richardson, Texas.

    Type:Retail, Office
    Property size:
    953 SF
    Added:
    May 27, 2020
    Days on Market:
    2176
    Last Refresh:
    Mar 17 at 1:16 pm

    Property Features for 777 S Central Expy

    General Information

    Standard status
    Active
    Size
    953 SF
    Property subtype
    Retail, Office

    Building Details

    Year Built
    1967

    Spaces For Lease

    at 777 S Central Expy Contact us

    3-C $1,122 /Mo

    Size
    Type
    Retail, Office
    Zoned Office/Retail - 539 SF - $1,122.90 - $25 Per SF/YR
    Contact us

    7-F $2,233 /Mo

    Size
    Type
    Retail, Office
    Zoned Retail - 957 SF - $2,233 - $28 Per SF/YR
    Contact us

    Ste 1-H $1,140 /Mo

    Size
    1,345 SF
    Type
    Retail, Office
    Zone Office - 570 SF at $1,140 Per Month - $24 Per SF/YR
    Contact us

    Ste 103 $900 /Mo

    Size
    440 SF
    Type
    Office
    Zoned Office - 440 SF - $900 Per Month at $24.55 per SF/YR
    Contact us

    Ste 7A $1,684 /Mo

    Size
    722 SF
    Type
    Retail, Office
    Zoned Office - 722 SF - $1,684.66
    Contact us

    Ste 1-V $700 /Mo

    Size
    219 SF
    Type
    Retail, Office
    Zone Office - 219 SF at $700 Per Month
    Contact us

    Ste 6H $1,803 /Mo

    Size
    773 SF
    Type
    Office
    Zoned Office - 773 SF - $1,803.66 - $28 Per SF/YR
    Contact us

    Ste 1-Y $917 /Mo

    Size
    524 SF
    Type
    Retail, Office
    Zone Office - 524 SF at $918 Per Month
    Contact us

    Ste 6-C $2,398 /Mo

    Size
    1,028 SF
    Type
    Office
    Zoned Office - 1,028 SF - $2,398.66 - $28 Per SF/YR
    Contact us

    Ste 106 $550 /Mo

    Size
    189 SF
    Type
    Retail, Office
    Zoned Office - 189 SF - $550 Per Month at $34.92 Per SF/YR
    Contact us
    Show more

    We can help!

    Listing Contact
    Mani Jacob
    Mani Jacob

    Listing agent Mani Jacob License #0526411

    Listing office Beam Real Estate

    Listing date May 27, 2020

    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 Beam Real Estate

    HighLights

    • Excellent retail exposure along Central Expressway.
    • Suites range from 150 - 953 Sq.ft.
    • Located in the heart of the North Central Expressway corridor.
    • Quick, easy access to Central Expressway, LBJ and George Bush.
    • Excellent ingress and egress.
    • Located just north of Spring Valley Road.

    Overview

    This is a one-story mixed-use building complex with suites ranging in size from 150 to 953 square feet. It offers excellent retail exposure along Central Expressway in Richardson, Texas. The property is located on the east side of Central Expressway, just north of Spring Valley Road, positioning it in the heart of the North Central Expressway corridor. It benefits from excellent ingress and egress, providing quick and easy access to Central Expressway, LBJ Freeway, and George Bush Turnpike.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Zinovy Chukhman, DC Alternative Medicine Practice Envision Medical & Health ... Medical Clinic Kenneth A. Tran, DC Alternative Medicine Practice Darren Howland, D. ... Alternative Medicine Practice Lattitude Solutions Marketing & Advertising

    Suggested Use

    Real Estate Agency Restaurant Law Firm 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
    -96.7417959
    Latitude
    32.9417931

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    FAQs

    What type of property is this?
    Mixed-use property - Mixed-use building with retail exposure in Richardson, Texas.
    Where is this mixed-use property located?
    The property is located at 777 S Central Expy Richardson, TX.
    What are key features of this property?
    This property features: Excellent retail exposure along Central Expressway.; Suites range from 150 - 953 Sq.ft.; Located in the heart of the North Central Expressway corridor.
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Mani Jacob
    Mani Jacob
    Real Estate License ID: 0526411
    Learn More
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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.

    More about this property
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