Back to Search
Property profile & analytics
FOR LEASE
Office buildings
1301 W President George Bush Hwy Richardson, TX 75080
Individually Owned
2-yr Hold
Absentee Owner
Free & Clear
Property ID
US82-2579238
For Lease
1 / 3
$19 SF/Yr
1301 W President George Bush Hwy, Richardson, TX 75080
View Listing →
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
2001
Total area
157,592 SF
Lot
10.34 ac (450,280 SF)
Zoning code
COMM
APN
R-2379-00A-0010-1
UPID
US82-2579238
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
-
Optum Insurance Agency
-
Galen College of Nursing Vocational School Training Center
-
Murphy's Deli Food Market Restaurant
-
Parsons Transportation Group Engineering Consultant
-
Selkirk Corporation Professional Services
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$14.92M
Blend (final)
Blend
$18.10M
Owner & transaction history
1301 President George Bush Highway · 2 yrs held
1301 President George Bush Highway
since 2023
5 recorded transactions
Zoning & alternative use
COMM · Richardson, TX
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$25.8M
+110.4%
Restaurant
$17.6M
+43.6%
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%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
OFFICE BUILDING
$12,275,000
Current use
MEDICAL BUILDING
$25,825,000
Change: +110% · Conversion: Easy
RESTAURANT
$17,620,000
Change: +44% · Conversion: Moderate
COMMERCIAL (GENERAL)
$11,825,000
Change: -4% · Conversion: Easy
Blend value · Realmo final
$18.10M
Range $16.29M – $19.90M · ±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
$115 / 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 2022Property tax & assessments
Tax year 2022
Tax billed
$526,476
Tax year 2022
Assessed value
$25,669,671
Assessed 2023
Previous assessed
$25,669,671
+0.0% YoY
Effective rate
2.05%
On assessed value
Assessed land
$7,204,476
Assessed improvement
$18,465,195
Land market value
$7,204,476
Improvement market value
$18,465,195
Total market value
$25,669,671
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
2001
Heating
NONE
Stories
1
Total area
157,592 SF
Lot
10.34 ac (450,280 SF)
Zoning code
COMM
APN
R-2379-00A-0010-1
UPID
US82-2579238
Jurisdiction
COLLIN
Metro division
DALLAS-PLANO-IRVING, TX METROPOLITAN DIVISION
Zoning & alternative use
COMM · Richardson, TX
Zoning COMM · permitted uses
COMM · 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
$12.3M
MEDICAL BUILDING
Est. value
$25.8M
RESTAURANT
Est. value
$17.6M
COMMERCIAL (GENERAL)
Est. value
$11.8M
OFFICE BUILDING Current
MEDICAL BUILDING
RESTAURANT
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
2001
Heating
NONE
Stories
1
Lot
10.34 ac
Current owner
From public records · entity-resolved
1301 President George Bush Highway
Individual
Free & Clear · 2 yrs held
Mailing address
900 19TH ST NW, WASHINGTON, DC 20006-2105
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2023
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
Dec 6, 2023
$23,000,000
1301 President George Bush Highway
Cio 190 Limited Partnership
Trustees Deed
related
—
Sep 4, 2015
—
Cio 190 LP
Gpi-m 190a LP
Grant Deed
related
—
Jun 4, 2008
—
Gpi-m 190a
Granite 190 Center Ltd
Grant Deed
related
—
Apr 8, 2008
—
Gpi-m 190a LP
Granite 190 Center Ltd
Special Warranty Deed
$97,950,000 · Wells Fargo Bank NA
—
—
Gpi-m 190a LP
—
Deed Of Trust
related
—
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
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
