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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    1221 Abrams Rd Richardson, TX 75081

    • Office buildings
    • 62,496 SF
    • 3.08 lot acres
    For Lease
    View listing
    $13 SF/Yr
    Value Estimations
    $915,000
    Cap Rate Potential
    Location Intelligence
    Property ID
    US82-1947795
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Meltzer Counseling / Mental Health Clinic
    • Dallas Area Insight Counseling Inc / Mental Health Service / Child Psychologist
    • Roca Counseling Associates Inc / Social Worker / Doctor
    • Comedy Guys Defensive Driving / Driving School
    • Classic Insurance / Insurance Agency / Insurance Broker

    Property Details for 1221 Abrams Rd

    Year built
    1984
    Construction
    TILT-UP CONCRETE
    Lot size
    3.08 lot acres
    Property size
    62,496 SF
    Zone code
    Z137
    Property type
    Office buildings
    APN
    421473000102A0000
    APU
    421473000102A0000

    Description

    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.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $905,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $988,000
      Market price range: $989k - $3.10M

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Richardson
    County
    Dallas
    State
    Texas
    Longitude
    -96.7334
    Latitude
    32.9259
    CBSA code
    19100
    CBSA name
    DALLAS-FORT WORTH-ARLINGTON, TX METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $21,966
    $805,850
    $170,730
    $976,580
    -
    $805,850
    $170,730
    $976,580

    Comparable in this City

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      $1,105,000
      45,000 SF

      1801 Glenville Dr

      OFFICE BUILDING • 45,000 SF
      1801 Glenville Dr, Richardson, TX 75081-1906
      View Details
    • Value Estimation
      $735,000
      152,500 SF

      777 Campbell Rd

      OFFICE BUILDING • 152,500 SF
      777 Campbell Rd, Richardson, TX 75081-1891
      View Details
    • Value Estimation
      $890,000
      29,400 SF

      1111 International Pkwy

      OFFICE BUILDING • 29,400 SF
      1111 International Pkwy, Richardson, TX 75081-2319
      View Details
    • Value Estimation
      $765,000
      15,408 SF

      189 Plano Rd

      OFFICE BUILDING • 15,408 SF
      189 Plano Rd, Richardson, TX 75081-8000
      View Details
    • Value Estimation
      $485,000
      11,752 SF

      845 Arapaho Rd

      OFFICE BUILDING • 11,752 SF
      845 Arapaho Rd, Richardson, TX 75081-2242
      View Details
    • Value Estimation
      $315,000
      1,476 SF

      522 Bishop Ave

      OFFICE BUILDING • 1,476 SF
      522 Bishop Ave, Richardson, TX 75081-3305
      View Details

    Similar Nearby for Sale

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      Richardson Office and Warehouse Property

      Vacant office and warehouse property in the East Richardson US-75 Corridor.
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      Courtyard Dallas Richardson Hotel

      Prime Richardson Hotel Investment Opportunity
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    • Contact for pricing
      2.98 Acres

      Prime Richardson Commercial Land

      2.98 Acres, Excellent Location
      0 Nwc - Arapaho Rd. & Plano Rd, Richardson, TX 75081
      View Details

    Similar Nearby for Lease

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      18,251 SF

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      Class A Office Building

      Class A office building in Richardson, TX, with executive suites.
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      Plano Crossing: Prime Flex Space

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      TI Business Park: Executive Suites

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    • $20 SF/Yr
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      Office Space in Telecom Corridor

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      View Details
    • $17 SF/Yr
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      Richardson Office Space For Rent

      Office space available for lease in Richardson, Texas.
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      View Details
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    1221 Abrams Rd
    Richardson, TX 75081
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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