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    FOR LEASE
    Strip malls

    1131 N Jupiter Rd, Richardson, TX 75081

    7,918 SF 1.81 ac lot Built 1981
    Entity Owned 5-yr Hold Free & Clear
    Property ID
    US82-3720229
    Property summary
    AI-generated overview

    This exceptional 5,200-square-foot retail space, located at 1131 N Jupiter Rd in Richardson, Texas (zip code 75081), presents a unique opportunity for a savvy investor or business owner. Situated within the Heritage Square Shopping Center, this single-tenant building is a former bank branch, offering a ready-made layout ideal for various retail uses. The property boasts high visibility and accessibility, positioned at the northwest corner of the heavily trafficked intersection of Jupiter Road and Arapaho Road in East Richardson. The building's location within a well-established shopping center benefits from significant foot traffic and proximity to a dense residential area. The surrounding neighborhood is characterized by a high concentration of single-family homes, ensuring a strong customer base for any retail venture. Dallas County location provides access to a robust infrastructure and thriving local economy. The entire 5,200 square feet is currently vacant, allowing for complete customization to suit the needs of a new tenant. This is a rare chance to acquire a turn-key retail property in a prime location with excellent visibility and access to a substantial customer base. The property's existing infrastructure, as a former bank, offers a solid foundation for a variety of retail concepts. This presents a significant advantage over starting from scratch with a new build. The property is ready for immediate occupancy.

    Property profile
    Verified
    Property type Strip malls
    Use group SHOPPING CENTER, STRIP CENTER
    Year built 1981
    Construction TILT-UP CONCRETE
    Total area 7,918 SF
    Lot 1.81 ac (78,887 SF)
    Zoning code Z137
    APN 42145200000010000
    UPID US82-3720229
    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
    • Southwestern National Bank Bank Loan Service
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    $555k
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    $570k
    Blend (final) Blend
    $565k
    Owner & transaction history
    Rp Arapaho & Jupiter Sc LP · 5 yrs held
    Rp Arapaho & Jupiter Sc LP
    since 2021
    3 recorded transactions
    2021
    2011
    2010
    Zoning & alternative use
    Z137 · Richardson, TX
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
    Top alternative use upside
    Auto repair, garage $930,000 +102.7%
    Retail stores $570,000 +24.2%
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    More about this property
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