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Property profile & analytics
FOR LEASE
Office buildings
1111 Raintree Cir Allen, TX 75013
Entity Owned
9-yr Hold
~
Est. High Equity
Property ID
US83-3825373
For Lease
1 / 2
$1,290,000
1111 Raintree Cir, Allen, TX 75013
View Listing →
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
2003
Total area
36,588 SF
Lot
2.47 ac (107,767 SF)
Zoning code
PD-CO
APN
R-1890-00G-0040-1
UPID
US83-3825373
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
-
Doerner Mark MD Physician
-
Shane Pahlavan Physician Medical Clinic
-
James R Lewis Physician
-
Leslie Campbell, DPM Physician
-
Aria Health and Wellness Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.29M
Owner & transaction history
Texas Hcp Holding LP · 9 yrs held
Texas Hcp Holding LP
since 2016
3 recorded transactions
Zoning & alternative use
PD-CO · Allen, 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 Allen submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Allen 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
$35 / 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 2022Property tax & assessments
Tax year 2022
Tax billed
$114,550
Tax year 2022
Assessed value
$7,110,000
Assessed 2023
Previous assessed
$5,770,000
+23.2% YoY
Effective rate
1.61%
On assessed value
Assessed land
$969,907
Assessed improvement
$6,140,093
Land market value
$969,907
Improvement market value
$6,140,093
Total market value
$7,110,000
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
Office buildings
Use group
OFFICE BUILDING
Status
For Lease
Year built
2003
Heating
NONE
Stories
1
Total area
36,588 SF
Lot
2.47 ac (107,767 SF)
Zoning code
PD-CO
APN
R-1890-00G-0040-1
UPID
US83-3825373
Jurisdiction
COLLIN
Metro division
DALLAS-PLANO-IRVING, TX METROPOLITAN DIVISION
Zoning & alternative use
PD-CO · Allen, TX
Zoning PD-CO · permitted uses
PD-CO · Allen, TX
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Allen. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
2003
Heating
NONE
Stories
1
Lot
2.47 ac
Current owner
From public records · entity-resolved
Texas Hcp Holding LP
Entity
Mailing address
3000 MERIDIAN BLVD STE #200, FRANKLIN, TN 37067-6388
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
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 22, 2016
—
Texas Hcp Holding LP
Hcp INC
Quit Claim Deed
related
—
Oct 18, 2016
—
Hcp INC
Twin Creeks Medical Center One
Grant Deed
related
—
—
—
Twin Creeks Medical Center One
—
Deed Of Trust
related
$4,320,000 · Bank Of Tx
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
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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