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    1000 Sherman St Richardson, TX 75081-4847
    Property profile & analytics

    1000 Sherman St, Richardson, TX 75081-4847

    View on Map
    • Hotels
    • 83,000 SF
    • 4.15 lot acres
    Off-Market
    Last Sale Feb 12, 2026
    Property ID
    US83-4047623
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
    Value Estimations
    $1,420,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Courtyard Dallas Richardson at Spring Valley / Hotel & Motel

    Property Details for 1000 Sherman St

    Year built
    1988
    Construction
    TILT-UP CONCRETE
    Lot size
    4.15 lot acres
    Zone code
    Z31
    Property type
    Hotels
    APN
    422319000A0040000
    APU
    422319000A0040000

    Description

    This exceptional hotel property, the Courtyard Dallas Richardson at Spring Valley, presents a compelling investment opportunity. Located at 1000 S Sherman St, Richardson, Texas, 75081, this hospitality asset is part of a larger national portfolio and is available for individual acquisition. Situated in Dallas County, the hotel benefits from a highly desirable location within the vibrant city of Richardson. The precise details regarding the property's size, room count, and financial performance are available upon request through the provided links. Interested parties are encouraged to review the comprehensive investment highlights and marketing materials to fully assess the potential of this lucrative venture. The property's strategic location offers convenient access to major transportation arteries, local businesses, and key amenities, ensuring strong occupancy rates and consistent revenue generation. This represents a rare chance to acquire a well-established hotel within a thriving market, offering significant potential for long-term growth and return on investment. Further information, including detailed financial statements and operational data, can be obtained by contacting the designated point of contact through the provided links. Don't miss this chance to own a piece of a successful national hotel portfolio. Serious inquiries only.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $1,515,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $1,326,000
      Market price range: $901k - $2.72M

    • Alternative Use

      Use
      Estimation
      HOTEL/MOTEL
      $1,645,000
      Current use

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Richardson
    County
    Dallas
    State
    Texas
    Longitude
    -96.7419
    Latitude
    32.9385
    CBSA code
    19100
    CBSA name
    DALLAS-FORT WORTH-ARLINGTON, TX METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $148,454
    $723,270
    $5,876,730
    $6,600,000
    -
    $723,270
    $5,876,730
    $6,600,000

    Comparable in this City

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      $1,090,000
      73,200 SF

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    • Value Estimation
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      238,184 SF

      701 Campbell Rd

      HOTEL
      701 Campbell Rd, Richardson, TX 75081-1815
      View Details
    • Value Estimation
      $790,000
      26,352 SF

      220 Spg Vly Rd

      MOTEL
      220 Spg Vly Rd, Richardson, TX 75081-4034
      View Details
    • Value Estimation by Request
      7.37 Acres

      550 Park Bnd Dr

      VACANT COMMERCIAL LAND
      550 Park Bnd Dr, Richardson, TX 75081-5628
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    • Value Estimation by Request
      2.26 Acres

      901 Alpha Dr

      VACANT COMMERCIAL LAND
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    • Value Estimation by Request
      2.52 Acres

      701 Arapaho Rd

      VACANT COMMERCIAL LAND
      701 Arapaho Rd, Richardson, TX 75081
      View Details

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      Land For Sale

      Land available for sale in Richardson, Texas.
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      View Details
    • New
      $620,000
      0.29 Acres

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      Build your dream home in a desirable Richardson location.
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      Residential Land in Richardson, TX

      Cleared 0.249-acre lot ready for custom home in Richardson, TX.
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    Similar Nearby for Lease

    • Contact for pricing

      Richardson Specialty Property For Rent

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      Richardson Office Building For Rent

      Six-story office building in Richardson, Texas, near Highway 75.
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      Richardson Specialty Property for Lease

      35,540 sqft specialty property available for lease in Richardson.
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      Office Space in Telecom Corridor

      Office space for lease in a mixed-use development.
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      View Details
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      Richardson Office Space For Rent

      Office space available in Richardson, Texas with ample parking.
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      View Details
    • Contact for pricing
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      Industrial Space in Richardson, Texas

      9,134 SF industrial property available for lease.
      1651 N Glenville Dr, Richardson, TX 75081
      View Details
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    1000 Sherman St
    Richardson, TX 75081-4847
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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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