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Property profile & analytics
OFF-MARKET
Retail space
111 Polk St Richardson, TX 75081-4132
Entity Owned
10-yr Hold
Absentee Owner
Free & Clear
Property ID
US83-4123104
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1956
Construction
TILT-UP CONCRETE
Total area
2,419 SF
Lot
0.06 ac (2,760 SF)
Zoning code
Z31
APN
42430500040180000
UPID
US83-4123104
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
-
West Polk Law Office Law Firm
-
Tease to Please Hair and Makeup Wedding Service
-
Tease to Please Pro Wedding Service
-
Tray Chic Glow Tanning Salon
-
Calibdry Water Damage Restoration Hardware & Home Improvement Construction Company
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Msr Ventures LP · 10 yrs held
Msr Ventures LP
since 2016
7 recorded transactions
Zoning & alternative use
Z31 · 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
—
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
$9,882
Tax year 2023
Assessed value
$439,350
Assessed 2023
Previous assessed
$439,350
+0.0% YoY
Effective rate
2.25%
On assessed value
Assessed land
$41,400
Assessed improvement
$397,950
Land market value
$41,400
Improvement market value
$397,950
Total market value
$439,350
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
1956
Construction
TILT-UP CONCRETE
Heating
CENTRAL
Cooling
CENTRAL
Stories
1
Total area
2,419 SF
Lot
0.06 ac (2,760 SF)
Zoning code
Z31
APN
42430500040180000
UPID
US83-4123104
Jurisdiction
DALLAS
Metro division
DALLAS-PLANO-IRVING, TX METROPOLITAN DIVISION
Zoning & alternative use
Z31 · Richardson, TX
Zoning Z31 · permitted uses
Z31 · 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
1956
Construction
TILT-UP CONCRETE
Heating
CENTRAL
Cooling
Yes
Stories
1
Lot
0.06 ac
Current owner
From public records · entity-resolved
Msr Ventures LP
Entity
Free & Clear · 10 yrs held
Mailing address
2808 FAIRMOUNT ST STE #100, DALLAS, TX 75201-7622
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2016
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
14 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 23, 2020
—
Msr Ventures LP
—
Deed
related
$3,436,585 · Accessbank Tx
Aug 28, 2020
—
Msr Ventures LP
—
Deed
related
$600,000 · Independent Fin'l
May 15, 2020
—
Msr Ventures LP
—
Deed
related
$3,436,585 · Independent Fin'l
Jun 6, 2018
—
Msr Ventures LP
—
Loan Modification
related
$3,911,585 · Independent Bk
Apr 11, 2016
—
Msr Ventures LP
Vousita LLC-texas Series
Grant Deed
—
May 27, 2015
—
Vousita LLC-texas Series
Vousita LLC
Quit Claim Deed
—
Apr 6, 2015
—
Vousita LLC
Ctg Group LLC
Warranty Deed
related
—
Feb 22, 2007
—
Ctg Group LLC
Robb,donna M
Grant Deed
$100,000 · Century Bank
May 13, 2003
—
Donna M Niayesha
Niayesh,michael
Quit Claim Deed
related
$92,000 · Donna Niayesha
May 11, 2000
—
Michael Niayesh
Homan,michael J
Grant Deed
$146,000 · Seller
—
—
Msr Ventures LP
—
Deed Of Trust
related
$6,000,000 · North Star Bk
—
—
Msr Ventures LP
—
Loan Modification
related
$3,436,585 · Independent Fin'l
—
—
Msr Ventures LP
—
Loan Modification
related
$3,436,585 · Accessbank Tx
—
—
Msr Ventures LP
—
Loan Modification
related
$600,000 · Independent Fin'l
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.
Try Rey
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