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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    1057 Sherman St Richardson, TX 75081-4811

    • Office buildings
    • 13,500 SF
    • 2.23 lot acres
    OFF-MARKET
    Value Estimations
    $505,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US83-1503223
    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.

    Current Use by Public Records

    • RemedyRX Wholesale / Pharmaceutical Products Wholesaler
    • TechnoIdentity / Software Company
    • Williamson DUI School / Alcoholism Treatment Program

    Property Details for 1057 Sherman St

    Year built
    1982
    Construction
    TILT-UP CONCRETE
    Lot size
    2.23 lot acres
    Property size
    13,500 SF
    Zone code
    Z109
    Property type
    Office buildings
    APN
    422319200B0050000
    APU
    422319200B0050000

    Description

    This exceptional Spring Valley Business Park offering presents a rare opportunity to lease flexible office space in a well-established Dallas County location. The single-story, Class B building, constructed in 1984, boasts a total of 29,184 square feet and offers multiple tenancy options. Units range from a minimum of 1,048 square feet to a maximum contiguous space of 3,357 square feet, providing flexibility for businesses of various sizes. Currently, eight spaces are available. The property is conveniently situated in the Richardson submarket, with easy access via Spring Valley Road. The building's design caters to both traditional and executive office needs. One available suite features the convenience of two private restrooms and two private offices, ideal for businesses requiring a high degree of privacy and functionality. This is an excellent opportunity to secure office space in a well-maintained building within a thriving business community. The property's location offers convenient access to major transportation routes and amenities, making it an attractive option for businesses seeking a strategic location in the Dallas area. Contact us today to schedule a viewing and explore the possibilities.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $565,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $444,000
      Market price range: $214k - $669k

    • Alternative Use

      Use
      Estimation
      OFFICE BUILDING
      $440,000
      Current use
      NEIGHBORHOOD: SHOPPING CENTER
      $785,000
      Change: +78% Conversion: Difficult
      WAREHOUSE, STORAGE
      $620,000
      Change: +41% Conversion: Difficult
      COMMERCIAL (GENERAL)
      $490,000
      Change: +12% Conversion: Easy

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

    Location Insight

    • Map
    • Local Demand
    City
    Richardson
    County
    Dallas
    State
    Texas
    Longitude
    -96.7406
    Latitude
    32.9376
    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
    $31,268
    $387,840
    $1,002,270
    $1,390,110
    -
    $387,840
    $1,002,270
    $1,390,110

    Comparable in this City

    • Value Estimation
      $1,185,000
      45,000 SF

      1801 Glenville Dr

      OFFICE BUILDING • 45,000 SF
      1801 Glenville Dr, Richardson, TX 75081-1906
      View Details
    • Value Estimation
      $735,000
      152,500 SF

      777 Campbell Rd

      OFFICE BUILDING • 152,500 SF
      777 Campbell Rd, Richardson, TX 75081-1891
      View Details
    • Value Estimation
      $875,000
      29,400 SF

      1111 International Pkwy

      OFFICE BUILDING • 29,400 SF
      1111 International Pkwy, Richardson, TX 75081-2319
      View Details
    • Value Estimation
      $765,000
      15,408 SF

      189 Plano Rd

      OFFICE BUILDING • 15,408 SF
      189 Plano Rd, Richardson, TX 75081-8000
      View Details
    • Value Estimation
      $400,000
      11,752 SF

      845 Arapaho Rd

      OFFICE BUILDING • 11,752 SF
      845 Arapaho Rd, Richardson, TX 75081-2242
      View Details
    • Value Estimation
      $335,000
      1,476 SF

      522 Bishop Ave

      OFFICE BUILDING • 1,476 SF
      522 Bishop Ave, Richardson, TX 75081-3305
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      155,984 SF

      Richardson Office Building For Sale

      High-density office building with open floor plates and outdoor lounge.
      250 E Arapaho Rd, Richardson, TX 75081
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    • Contact for pricing
      15 SF

      Free Standing Office Building

      Single tenant office building near Central Expressway and Richardson IQ Hub.
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    • $3,500,000
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      Free Standing Financial Services Building

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    • $2,292,450
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      Richardson Office and Warehouse Property

      Vacant office and warehouse property in the East Richardson US-75 Corridor.
      508 N Bowser Rd, Richardson, TX 75081
      View Details
    • Contact for pricing
      2.98 Acres

      Prime Richardson Commercial Land

      2.98 Acres, Excellent Location
      0 Nwc - Arapaho Rd. & Plano Rd, Richardson, TX 75081
      View Details
    • Contact for pricing
      15,525 SF

      Richardson Freestanding Flex/Industrial Building

      Freestanding flex/industrial building near 75 Central Expressway in Richardson, TX.
      Executive Dr W 1161, Richardson, TX 75081
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    Similar Nearby for Lease

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      18,251 SF

      Class A Office Building

      Single tenant office building with fitness center and data center.
      2050 N Greenville Ave, Richardson, TX 75081
      View Details
    • $400 /Mo
      4,014 SF

      Class A Office Building

      Class A office building in Richardson, TX, with executive suites.
      801 E Campbell Rd, Richardson, TX 75081
      View Details
    • Contact for pricing
      111,433 SF

      Plano Crossing: Prime Flex Space

      Multiple warehouse/flex units available in Plano, TX
      1501 Placid&1004 Ave, Richardson, TX 75081
      View Details
    • $14 SF/Yr
      100,206 SF

      TI Business Park: Executive Suites

      Richardson, TX Office Space Available
      1400 Ti Blvd, Richardson, TX 75081
      View Details
    • $20 SF/Yr
      2,977 SF

      Office Space in Telecom Corridor

      Office space for lease in a mixed-use development.
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      View Details
    • $17 SF/Yr
      1,265 SF

      Richardson Office Space For Rent

      Office space available for lease in Richardson, Texas.
      1001 E Buckingham Rd, Richardson, TX 75081
      View Details
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    1057 Sherman St
    Richardson, TX 75081-4811
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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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