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Property profile & analytics
OFF-MARKET
Estimated value
$2,115,000
Office buildings
1122 Alma Rd Richardson, TX 75081-2203
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US83-3992176
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1977
Construction
TILT-UP CONCRETE
Total area
84,958 SF
Lot
4.03 ac (175,547 SF)
Zoning code
Z109
APN
42051500090020000
UPID
US83-3992176
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
-
iQor Business To Business Service
-
Stephens Kecia Insurance Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.46M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$2.77M
Blend (final)
Blend
$2.12M
Owner & transaction history
Digital Alma Road LP · 3 yrs held
Digital Alma Road LP
since 2022
7 recorded transactions
Zoning & alternative use
Z109 · Richardson, TX
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$3.1M
+12.1%
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
Method
Estimation
Statistic approach
by Request
ML approach
$1,460,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
OFFICE BUILDING
$2,760,000
Current use
COMMERCIAL (GENERAL)
$3,095,000
Change: +12% · Conversion: Easy
Blend value · Realmo final
$2.12M
Range $1.90M – $2.33M · ±10%
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$25 / 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
$194,789
Tax year 2023
Assessed value
$8,660,000
Assessed 2023
Previous assessed
$8,660,000
+0.0% YoY
Effective rate
2.25%
On assessed value
Assessed land
$1,404,260
Assessed improvement
$7,255,740
Land market value
$1,404,260
Improvement market value
$7,255,740
Total market value
$8,660,000
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
Off-Market
Year built
1977
Construction
TILT-UP CONCRETE
Heating
CENTRAL
Cooling
CENTRAL
Stories
2
Total area
84,958 SF
Lot
4.03 ac (175,547 SF)
Zoning code
Z109
APN
42051500090020000
UPID
US83-3992176
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.
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING Current
Est. value
$2.8M
COMMERCIAL (GENERAL)
Est. value
$3.1M
OFFICE BUILDING Current
COMMERCIAL (GENERAL)
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1977
Construction
TILT-UP CONCRETE
Heating
CENTRAL
Cooling
Yes
Stories
2
Lot
4.03 ac
Current owner
From public records · entity-resolved
Digital Alma Road LP
Entity
Mailing address
10 POST OFC SQ STE #500, BOSTON, MA 02109-4603
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
12 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 6, 2022
—
Digital Alma Road LP
Afs 1122 Alma Ltd
Special Warranty Deed
—
Jun 2, 2020
—
Afs 1122 Alma Ltd
—
Deed
related
$7,162,500 · Plainscapital Bk
Jun 20, 2014
—
Afs 1122 Alma Ltd
—
Grant Deed
related
$7,162,500 · Plainscapital Bk
Jul 19, 2010
—
Afs 1122 Alma Ltd
—
Trustees Deed
related
$2,000,000 · Plains Capital Bank
Nov 19, 2009
—
Afs 1122 Alma Ltd
—
Trustees Deed
related
$2,000,000 · Plains Capital Bank
May 21, 2007
—
Afs 1122 Alma Ltd
Vortisch Holdings
Grant Deed
$2,000,000 · Plains Capital Bank
Feb 14, 2005
—
Vortisch Holdings
Mack-cali Texas Property
Grant Deed
related
—
—
—
Afs 1122 Alma Ltd
—
Deed Of Trust
related
$1,962,743 · Plains Capital Bank
—
—
Afs 1122 Alma Ltd
—
Deed Of Trust
related
$1,850,000 · Plains Capital Bank
—
—
Afs 1122 Alma Ltd
—
Loan Modification
related
$7,162,500 · Plainscapital Bk
—
—
Afs 1122 Alma Ltd
—
Deed Of Trust
related
$1,875,000 · Plains Capital Bank
—
—
Afs 1122 Alma Ltd
—
Deed Of Trust
related
$1,850,000 · Plains Capital Bank
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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