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Property profile & analytics
FOR LEASE
Office buildings
1220 E Campbell Rd Richardson, TX 75081
Individually Owned
17-yr Hold
~
Est. High Equity
Property ID
US83-3356466
For Lease
1 / 2
$910,000
1220 E Campbell Rd, Richardson, TX 75081
View Listing →
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1982
Construction
TILT-UP CONCRETE
Total area
22,954 SF
Lot
3.74 ac (162,784 SF)
Zoning code
Z109
APN
42222550010030000
UPID
US83-3356466
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
-
The Pisa Group Telecommunications Service Marketing & Advertising
-
FedEx Drop Box Postal Service Courier Service
-
Keysight Technologies Business To Business Service
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$860k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$963k
Blend (final)
Blend
$910k
Owner & transaction history
Kennington Campbell 2 Ltd · 17 yrs held
Kennington Campbell 2 Ltd
since 2008
5 recorded transactions
Zoning & alternative use
Z109 · Richardson, TX
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Neighborhood: shopping center
$1.3M
+78.5%
Warehouse, storage
$1.1M
+41.4%
Commercial (general)
$835,000
+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
$860,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
OFFICE BUILDING
$745,000
Current use
NEIGHBORHOOD: SHOPPING CENTER
$1,330,000
Change: +78% · Conversion: Difficult
WAREHOUSE, STORAGE
$1,055,000
Change: +41% · Conversion: Difficult
COMMERCIAL (GENERAL)
$835,000
Change: +12% · Conversion: Easy
Blend value · Realmo final
$910k
Range $819k – $1.00M · ±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
$40 / 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
$67,720
Tax year 2023
Assessed value
$3,010,740
Assessed 2023
Previous assessed
$3,010,740
+0.0% YoY
Effective rate
2.25%
On assessed value
Assessed land
$2,441,760
Assessed improvement
$568,980
Land market value
$2,441,760
Improvement market value
$568,980
Total market value
$3,010,740
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
1982
Construction
TILT-UP CONCRETE
Heating
CENTRAL
Cooling
CENTRAL
Buildings
2
Stories
1
Total area
22,954 SF
Lot
3.74 ac (162,784 SF)
Zoning code
Z109
APN
42222550010030000
UPID
US83-3356466
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
$745,000
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$1.3M
WAREHOUSE, STORAGE
Est. value
$1.1M
COMMERCIAL (GENERAL)
Est. value
$835,000
OFFICE BUILDING Current
NEIGHBORHOOD: SHOPPING CENTER
WAREHOUSE, STORAGE
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
1982
Construction
TILT-UP CONCRETE
Heating
CENTRAL
Cooling
Yes
Stories
1
Buildings
2
Lot
3.74 ac
Current owner
From public records · entity-resolved
Kennington Campbell 2 Ltd
Individual
Mailing address
PO BOX 192269, DALLAS, TX 75219-8516
Ownership since
2008
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 2, 2018
—
Kennington Campbell 2 Ltd
—
Deed
related
$2,500,000 · Miscellaneous Ins Co
Sep 21, 2010
—
Kennington Campbell 2 Ltd
—
Trustees Deed
related
$3,100,000 · Inwood National Bank
Sep 3, 2008
—
Kennington Campbell 2 Ltd
Campbell Place One
Quit Claim Deed
$3,100,000 · Inwood National Bank
—
—
Kennington Campbell 2 Ltd
—
Deed Of Trust
related
$2,170,000 · Symetra Life Insurance Co
—
—
Kennington Campbell 2 Ltd
—
Deed Of Trust
related
$2,500,000 · Miscellaneous Ins Co
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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