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

    1401 Central Expy Richardson, TX 75080

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

    Executive Office Space for Lease in Dallas

    Lot size:
    52,202 SF

    Property Features for 1401 Central Expy

    General Information

    Property type
    Office properties & Spaces
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    52,202 SF
    Total Rate
    67427.58

    Building Details

    Stories
    3

    Spaces For Lease

    at 1401 Central Expy, Richardson, TX 75080 Contact us
    Unit Suite 214

    $15 /Mo

    Size
    1,164 SF
    Contact us
    Unit Suite 201

    $15 /Mo

    Size
    1,823 SF
    Contact us
    Unit Suite 205

    $15 /Mo

    Size
    1,794 SF
    Contact us
    Unit Suite 350

    $15 /Mo

    Size
    1,326 SF
    Contact us
    Unit Suite 320

    $15 /Mo

    Size
    5,524 SF
    Contact us
    Unit Suite 321

    $15 /Mo

    Size
    2,011 SF
    Contact us
    Unit Suite 345

    $15 /Mo

    Size
    1,136 SF
    Contact us
    Unit Suite 390

    $15 /Mo

    Size
    1,364 SF
    Contact us
    Unit Suite 385

    $15 /Mo

    Size
    1,525 SF
    Contact us
    Unit Suite 375

    $15 /Mo

    Size
    1,296 SF
    Contact us
    Unit Suite 395

    $15 /Mo

    Size
    669 SF
    Contact us
    Show more

    We can help!

    Listing Contact
    Carson Mitchell
    Carson Mitchell

    Listing Agency: Younger Partners Dallas, LLC Listing Agent: Carson Mitchell

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

    Learn more

    Property Insight Report

    Overview

    This exceptional three-story office building, totaling 52,202 square feet, offers a prime location in Dallas County, boasting excellent visibility on N Central Expressway (US 75) between Campbell and Arapaho Roads. The building provides convenient access to major thoroughfares including the President George Bush Turnpike (SH-190), LBJ Freeway (I-635), and DART. Currently, there are 19,632 square feet of vacant space available, divisible into units as small as 669 square feet, with a maximum contiguous space of 5,524 square feet. Eleven individual suites are currently available for lease. The building features ample free surface parking, professionally managed 24/7/365 access, and fiber optic service. Its strategic location within Richardson's Telecom Corridor places it in close proximity to numerous major corporations, including Raytheon, State Farm, Blue Cross Blue Shield, Texas Instruments, Samsung, Cisco Systems, and AT&T. The well-maintained landscaping and secure, long-term ownership contribute to a desirable and stable environment for tenants. This is an ideal opportunity for businesses seeking executive office space in a thriving Dallas location.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Vodastra Technologies Tech Support Center Law Office Of Mike ... Law Firm Lockhart, Morris & Montgomery, ... Accounting Firm Vocational Recovery Solutions Accounting Firm Relief Behavioral Health ... Counselor

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Richardson
    County
    Dallas
    State
    Texas
    Longitude
    -96.7225201
    Latitude
    32.9670804

    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
    • $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
    • $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
    • 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
    • $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
    • 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
    • New
      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

    FAQs

    What type of property is this?
    Office property - Executive Office Space for Lease in Dallas
    Where is this office property located?
    The property is located at 1401 Central Expy Richardson, TX.
    What is the lease rate?
    The lease rate is $15 SF/Yr.
    What are key features of this property?
    This property features: Three-story office building totaling 52,202 square feet.; Secure, long-term ownership.; Well-maintained landscaping and ample free surface parking.
    (214) 294-4421 Call to check price and availability
    Request Owner's contact information
    1401 Central Expy Richardson, TX 75080
    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.
    1401 Central Expy
    Richardson, TX 75080
    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
    1401 Central Expy Richardson, TX 75080
    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 Carson Mitchell
    Carson Mitchell
    (214) 294-4421 (704) 956-1470 (214) 238-8000
    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!