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Property profile & analytics
OFF-MARKET
Estimated value
$780,000
Medical Office Space
1231 Belt Line Rd Richardson, TX 75081-3748
Entity Owned
22-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US83-3913075
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
1984
Construction
TILT-UP CONCRETE
Total area
3,780 SF
Lot
0.33 ac (14,296 SF)
Zoning code
Z206
APN
42014690000040000
UPID
US83-3913075
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
-
Metroplex Orthodontics Dental Office
-
Dr. Kurt Johnson, M.D. Physician
-
Premier Physical Therapy and Rehabilitation Medical Clinic
-
Lake Pointe Orthopaedics & Sports Medicine Medical Clinic
-
Little Eagles Child Learning Academy Daycare Center
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$770k
Comparable Approach
Comparable
$787k
Blend (final)
Blend
$780k
Owner & transaction history
Jnfp INC · 22 yrs held
Jnfp INC
since 2004
7 recorded transactions
Zoning & alternative use
Z206 · Richardson, TX
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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
by Request
CAP Approach
CAP Return
Estimation
6%
$835,000
6.5%
$770,000
7%
$715,000
Blend value · Realmo final
$780k
Range $702k – $858k · ±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
$206 / 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
$27,264
Tax year 2023
Assessed value
$1,212,120
Assessed 2023
Previous assessed
$1,212,120
+0.0% YoY
Effective rate
2.25%
On assessed value
Assessed land
$28,590
Assessed improvement
$1,183,530
Land market value
$28,590
Improvement market value
$1,183,530
Total market value
$1,212,120
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
Medical Office Space
Use group
MEDICAL BUILDING
Status
Off-Market
Year built
1984
Construction
TILT-UP CONCRETE
Heating
CENTRAL
Cooling
CENTRAL
Stories
2
Units
1
Total area
3,780 SF
Lot
0.33 ac (14,296 SF)
Zoning code
Z206
APN
42014690000040000
UPID
US83-3913075
Jurisdiction
DALLAS
Metro division
DALLAS-PLANO-IRVING, TX METROPOLITAN DIVISION
Zoning & alternative use
Z206 · Richardson, TXZoning Z206 · permitted uses
Z206 · Richardson, TX
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Building & site characteristics
From public records
Year built
1984
Construction
TILT-UP CONCRETE
Heating
CENTRAL
Cooling
Yes
Stories
2
Units
1
Lot
0.33 ac
Current owner
From public records · entity-resolved
Jnfp INC
Entity
Mailing address
3136 HORIZON RD STE #100, ROCKWALL, TX 75032-7808
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2004
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 28, 2012
—
Jnfp INC
—
Trustees Deed
related
$700,000 · Signature Bank
Jan 6, 2004
—
Jnfp INC
Nutt,jay L
Grant Deed
$672,000 · Wells Fargo Bank
—
—
Jnfp INC
—
Deed Of Trust
related
$587,000 · Happy States Bank
—
—
Axiom National Holdings INC
—
Loan Modification
related
$700,000 · Happy Sts Bk
—
—
Jay L Nutt
—
Deed Of Trust
related
$193,028 · Arvest Bank
—
—
Jnfp INC
—
Deed Of Trust
related
$728,000 · Zions First National Bank
—
—
Axiom National Holdings INC
—
Loan Modification
related
$700,000 · Happy States Bank
—
—
Jay L Nutt
—
Deed Of Trust
related
$1,350,000 · Superior Federal Bank Fsb
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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