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Property profile & analytics
FOR LEASE
Strip malls

1101 N Jupiter Rd Richardson, TX 75081

6,600 SF 0.63 ac lot Built 1980
Entity Owned 5-yr Hold Free & Clear
Property ID
US82-4829963
Property summary
AI-generated overview

Heritage Square Shopping Center, located at 1101 N Jupiter Rd in Richardson, Texas (75081), presents a unique investment opportunity. This 57,439 square foot retail center, situated in Dallas County, is a multi-tenant property with seven suites currently available. The center boasts a prime location at the northwest corner of Jupiter and Arapaho Roads, a high-traffic intersection in East Richardson. Surrounded by dense single-family residential neighborhoods, Heritage Square benefits from a strong customer base with a diverse demographic mix of Asian and Caucasian residents. Currently, 15,225 square feet of space is vacant, offering opportunities for various retail concepts. Spaces range from a minimum of 1,800 square feet to a maximum contiguous space of 4,500 square feet. Under new ownership, the property is undergoing planned aesthetic improvements, including landscaping enhancements, updated signage, and an overall revitalization of the center's atmosphere. The ownership group is actively seeking tenants in the food, dessert, and service sectors to complement the existing businesses and capitalize on the high traffic and loyal community presence. This is an exceptional opportunity to establish a presence in a thriving, well-established retail center within a densely populated residential area.

Property profile
Verified
Property type Strip malls
Use group SHOPPING CENTER, STRIP CENTER
Year built 1980
Construction TILT-UP CONCRETE
Total area 6,600 SF
Lot 0.63 ac (27,614 SF)
Zoning code Z137
APN 42145200000020000
UPID US82-4829963
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
  • Snow White Cleaners & Tailors (Bike/Boat/Book/etc) Store
  • Mark L Ethridge, DDS Dental Office
  • Happy Nails Nail Salon
  • Studio 9 Barber Shop
  • msf-usa.org Motoring Club
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
$375k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$425k
Owner & transaction history
Rp Arapaho & Jupiter Sc LP · 5 yrs held
Rp Arapaho & Jupiter Sc LP
since 2021
3 recorded transactions
2021
Price N/A
2011
Price N/A
2010
Price N/A
Zoning & alternative use
Z137 · Richardson, TX
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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