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Property profile & analytics
OFF-MARKET
Estimated value
$1,770,000
Showrooms
1200 Sherman St Richardson, TX 75081-4853
Entity Owned
~
Est. High Equity
Property ID
US82-3642398
Property profile
Verified
Property type
Showrooms
Use group
SHOW ROOM, WAREHOUSE
Year built
1982
Construction
TILT-UP CONCRETE
Total area
41,122 SF
Lot
4.71 ac (205,080 SF)
Zoning code
Z116
APN
0083580A000000000
UPID
US82-3642398
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.19M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$2.35M
Blend (final)
Blend
$1.77M
Owner & transaction history
1200 Sherman Property LLC
1200 Sherman Property LLC
since 2025
7 recorded transactions
Zoning & alternative use
Z116 · Richardson, TX
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Neighborhood: shopping center
$2.4M
+59.2%
Warehouse, storage
$1.9M
+26.2%
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
$1,185,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$1,500,000
Current use
NEIGHBORHOOD: SHOPPING CENTER
$2,385,000
Change: +59% · Conversion: Difficult
WAREHOUSE, STORAGE
$1,890,000
Change: +26% · Conversion: Difficult
OFFICE BUILDING
$1,335,000
Change: -11% · Conversion: Easy
Blend value · Realmo final
$1.77M
Range $1.59M – $1.95M · ±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
$43 / 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
$117,930
Tax year 2023
Assessed value
$4,865,000
Assessed 2023
Previous assessed
$4,865,000
+0.0% YoY
Effective rate
2.42%
On assessed value
Assessed land
$820,300
Assessed improvement
$4,044,700
Land market value
$820,300
Improvement market value
$4,044,700
Total market value
$4,865,000
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
Showrooms
Use group
SHOW ROOM, WAREHOUSE
Status
Off-Market
Year built
1982
Construction
TILT-UP CONCRETE
Heating
CENTRAL
Cooling
CENTRAL
Buildings
2
Stories
1
Total area
41,122 SF
Lot
4.71 ac (205,080 SF)
Zoning code
Z116
APN
0083580A000000000
UPID
US82-3642398
Jurisdiction
DALLAS
Metro division
DALLAS-PLANO-IRVING, TX METROPOLITAN DIVISION
Zoning & alternative use
Z116 · Richardson, TX
Zoning Z116 · permitted uses
Z116 · 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
COMMERCIAL (GENERAL) Current
Est. value
$1.5M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$2.4M
WAREHOUSE, STORAGE
Est. value
$1.9M
OFFICE BUILDING
Est. value
$1.3M
COMMERCIAL (GENERAL) Current
NEIGHBORHOOD: SHOPPING CENTER
WAREHOUSE, STORAGE
OFFICE BUILDING
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
1982
Construction
TILT-UP CONCRETE
Heating
CENTRAL
Cooling
Yes
Stories
1
Buildings
2
Lot
4.71 ac
Current owner
From public records · entity-resolved
1200 Sherman Property LLC
Entity
Mailing address
5801 PIEDMONT DR, ENGLEWOOD, CO 80111-1132
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 12, 2025
—
1200 Sherman Property LLC
Westchester LLC
Special Warranty Deed
$7,420,000 · Plainscapital Bank
Dec 21, 2018
—
Arapahoe Grande Investment LLC
Goff Sherman Holdings LLC
Quit Claim Deed
$5,070,000 · Miscellaneous Ins Co
Jul 18, 2014
—
Goff Sherman Holdings LLC
Fn Sherman Commons LLC
Grant Deed
related
—
Jan 11, 2010
—
Fn Sherman Commons LLC
Louidar LLC
Warranty Deed
related
—
Oct 7, 2004
—
Louidar LLC
Agb 1200-1300 South Sherman
Grant Deed
$1,250,000 · Wells Fargo Bank
Sep 27, 2000
—
Agb 1200-1300 South Sherman LP
Health Care Service Corp
Grant Deed
related
—
—
—
Fn Sherman Commons LLC
—
Deed Of Trust
related
$2,100,000 · Happy States 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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