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1221 Abrams Rd, Richardson, TX 75081
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Property summary
AI-generated overview
Walnut Abrams Plaza, located at 1221 Abrams Rd in Richardson, Texas, presents a prime opportunity for businesses seeking executive office space in Dallas County. This three-story building offers a total of 61,790 square feet, with a flexible layout catering to various needs. Currently, there are 28,217 square feet of vacant space available for lease, divisible into units as small as 182 square feet, ideal for smaller businesses or individual professionals, and up to a contiguous 5,323 square feet for larger organizations. The building's multiple tenancy structure allows for a diverse and vibrant community of businesses. The property is situated in the convenient 75081 zip code of Richardson, offering easy access to major transportation routes and amenities. This executive office space provides a professional and efficient environment, perfect for companies seeking a prestigious address in a thriving Texas market. The building's design and layout are well-suited for a variety of business types, from startups to established firms. With a range of sizes available, Walnut Abrams Plaza offers a scalable solution to meet evolving business needs. Inquire today to explore the leasing options and secure your ideal space within this desirable Richardson location.
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1984
Construction
TILT-UP CONCRETE
Total area
62,496 SF
Lot
3.08 ac (134,295 SF)
Zoning code
Z137
APN
421473000102A0000
UPID
US82-1947795
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Medical Clinic
-
Crisis Center Medical Clinic
-
Foster Care Service Social Service Agency
-
Training Center Vocational School
-
Insurance Agency
Location
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$905k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$989k
Blend (final)
Blend
$905k
Owner & transaction history
since 2015
1 recorded transaction
Zoning & alternative use
Z137 · Richardson, TX
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
Value estimation
Instant AI valuation built from comps, income signals, and proprietary benchmarks. A defensible range, not a single guess.
Unlock the complete Valuation workflow
Full NOI reconstruction, selected comps, alternative-use scenarios, data audit and PDF export.
Full NOI build-up · 6 steps
Sensitivity value band
Source audit · 6 inputs
PDF export
Professional Plan · 30 reports
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Summary
1
Valuation conclusion
Included free
Estimated market value
$905k
Value range
$815k – $996k
±10% around blend
Estimated value / SF
$14 / SF
Confidence
Property data
100
Comparable evidence
60
Income certainty
100
$815k
blend $905k
$996k
Market-derived valuation under stabilized market assumptions. Desktop analysis. No physical inspection performed.
2
Subject property
Included free
GBA
62,496 SF
Lot area
3.08 ac
Year built
1984
Stories
3
APN
421473000102A0000
Zoning
Z137
Assessed value
$976,580
Annual tax
$21,966
3
Income approach: direct capitalization
Partial preview
Estimated Stabilized NOI, derived from market rent, vacancy and expense benchmarks. Actual property income not reported.
Estimated market rent / SF
Potential gross income
Vacancy allowance
Effective gross income
Benchmark operating expenses
Stabilized NOI
Property tax
$21,966
Selected cap rate
4
Sales comparison
Partial preview
Sales approach indication
$989k
Range $989k – $3.10M
Evidence
6 found
Recent peer sales in this city
5
Sensitivity & risk
Partial preview
Downside
−10%
Base
$905k
Upside
+10%
Bounds of the ±10% band vs the blend — never simulated scenarios.
6
Data & methodology
Included free
Building area
County record
Property tax
County record
Assessed value
County record
Zoning designation
County record
Operating expenses
Modeled
Market rent
Market benchmark
Not analyzed due to unavailable source data: actual rent roll, tenant leases, physical condition and capital
requirements are outside a desktop analysis.
Cost Approach excluded: income and sales evidence cover the value conclusion.
Automated valuation analysis, not a licensed appraisal. Figures are derived from public
records and proprietary models. Desktop analysis: no physical inspection, tenant leases or reported
property income. Verify with a licensed appraiser before transacting.
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
Unlock the complete Cap Rate workflow
Full market tables, editable assumptions, comparable evidence, saved work and exports.
9-scenario matrix
NOI build-up · 9 steps
Market rates by use type
PDF export
Professional Plan · 30 reports
from $99/month
from $99/month
Overview
No cap rate is computable for this property yet: no recorded sale, income signal or market-rate row for its use type.
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Test a cap rate
Implied value$13.07M
Move the market yield to see immediate price impact.
Value / SF
$209
Vs. selected
Base
Derivation
NOI ÷ cap
Arithmetic over the derived NOI * — not market scenario modeling.
NOI × cap matrix
Preview
Preview of 9 modeled outcomes.
NOI
5.00%7.00%9.00%
$824k
$16.47M
$11.77M
$9.15M
$915k
$18.30M
$13.07M
$10.17M
$1.01M
$20.13M
$14.38M
$11.18M
NOI sensitivity ±10% across the 5 / 7 / 9% anchors — derivation of the NOI above.
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$21,966
Tax year 2023
Assessed value
$976,580
Assessed 2023
Previous assessed
$976,580
+0.0% YoY
Effective rate
2.25%
On assessed value
Assessed land
$805,850
Assessed improvement
$170,730
Land market value
$805,850
Improvement market value
$170,730
Total market value
$976,580
Automated cap rate analysis. Based on public records, market benchmarks and proprietary
models. Verify with a licensed professional before transacting.
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Office buildings
Use group
OFFICE BUILDING
Status
For Lease
Year built
1984
Construction
TILT-UP CONCRETE
Heating
CENTRAL
Cooling
CENTRAL
Stories
3
Total area
62,496 SF
Lot
3.08 ac (134,295 SF)
Zoning code
Z137
APN
421473000102A0000
UPID
US82-1947795
Jurisdiction
DALLAS
Metro division
DALLAS-PLANO-IRVING, TX METROPOLITAN DIVISION
Zoning & alternative use
Z137 · Richardson, TXZoning Z137 · permitted uses
Z137 · Richardson, TX
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Building & site characteristics
From public records
Year built
1984
Construction
TILT-UP CONCRETE
Heating
CENTRAL
Cooling
Yes
Stories
3
Lot
3.08 ac
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
County-recorded code
Z137
Jurisdiction
Richardson, TX
Recorded code
Z137
Ownership Intelligence
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Ownership report
Owner identityResolved entity and name variants
Portfolio holdingsLinked properties and estimated value
Deal signalsSell-side activity worth following
Debt & historyRecorded loans and transaction history
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See the ownership record for this address.
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Owner of record and activity signals are derived from public records and modeled classifications.
They do not confirm beneficial ownership or intent to transact.
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