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Property profile & analytics
OFF-MARKET
Estimated value
$1,265,000
Warehouses
1001 Commerce Dr Richardson, TX 75081-2346
Entity Owned
22-yr Hold
~
Est. High Equity
Property ID
US82-0119740
Property profile
Verified
Property type
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Year built
1979
Construction
TILT-UP CONCRETE
Total area
56,400 SF
Lot
2.23 ac (97,269 SF)
Zoning code
Z109
APN
42051500060010000
UPID
US82-0119740
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
-
Metro Pak Inc Industrial Manufacturer Production Facility
-
Impak Retail Packaging Industrial Manufacturer Factory
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.27M
Owner & transaction history
G LP · 22 yrs held
G LP
since 2003
7 recorded transactions
Zoning & alternative use
Z109 · Richardson, TX
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Richardson submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Richardson submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
$22 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$57,622
Tax year 2023
Assessed value
$2,561,800
Assessed 2023
Previous assessed
$2,561,800
+0.0% YoY
Effective rate
2.25%
On assessed value
Assessed land
$778,320
Assessed improvement
$1,783,480
Land market value
$778,320
Improvement market value
$1,783,480
Total market value
$2,561,800
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Status
Off-Market
Year built
1979
Construction
TILT-UP CONCRETE
Heating
YES
Cooling
OTHER
Stories
1
Total area
56,400 SF
Lot
2.23 ac (97,269 SF)
Zoning code
Z109
APN
42051500060010000
UPID
US82-0119740
Jurisdiction
DALLAS
Metro division
DALLAS-PLANO-IRVING, TX METROPOLITAN DIVISION
Zoning & alternative use
Z109 · Richardson, TX
Zoning Z109 · permitted uses
Z109 · Richardson, TX
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Richardson. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1979
Construction
TILT-UP CONCRETE
Heating
YES
Cooling
Yes
Stories
1
Lot
2.23 ac
Current owner
From public records · entity-resolved
G LP
Entity
Mailing address
1001 COMMERCE DR STE #100, RICHARDSON, TX 75081-2343
Ownership since
2003
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 15, 2020
—
G & H Investments LP
—
Deed
related
$1,500,000 · Pegasus Bk
Aug 7, 2019
—
G & H Investments LP
—
Deed
related
$5,750,000 · North Dallas Bk&tr
Nov 17, 2003
—
G LP
1001 Commerce Drive Partners
Grant Deed
$943,000 · Cnl Commercial Finance INC
Jan 12, 1999
—
1001 Commerce Drive Partners
Bostick Properties
Grant Deed
related
—
—
—
G LP
—
Deed Of Trust
related
$1,650,000 · North Dallas Bank & Trust Co
—
—
G & H Investments LP
—
Deed Of Trust
related
$5,750,000 · North Dallas Bk&tr
—
—
G & H Investments LP
—
Deed Of Trust
related
$1,500,000 · Pegasus Bk
—
—
G & H Investments LP
—
Loan Modification
related
$1,650,000 · North Dallas Bk&tr
—
—
G & H Investments LP
—
Deed Of Trust
related
$600,000 · North Dallas Bk&tr
—
—
G LP
—
Deed Of Trust
related
$1,650,000 · North Dallas Bank & Trust Co
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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