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Property profile & analytics
OFF-MARKET
Estimated value
$1,585,000
Assisted living facilities
1350 Lookout Dr Richardson, TX 75082-4106
Entity Owned
7-yr Hold
~
Est. High Equity
Property ID
US82-4822777
Property profile
Verified
Property type
Assisted living facilities
Use group
HOMES (RETIRED, NURSING)
Year built
2009
Construction
TILT-UP CONCRETE
Total area
67,707 SF
Lot
2.42 ac (105,241 SF)
Zoning code
Z109
APN
420766800605A0000
UPID
US82-4822777
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
-
Remington Medical Resort-Richardson Medical Clinic
-
Denise Baudo Physician
-
Dr. Moses J. Keng, MD Physician
-
Myrna Hsiao Physician
-
Manjoo Sharma Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.45M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.72M
Blend (final)
Blend
$1.59M
Owner & transaction history
1350 East Lookout Drive LLC · 7 yrs held
1350 East Lookout Drive LLC
since 2018
7 recorded transactions
Zoning & alternative use
Z109 · 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
$1,445,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
HOMES (RETIRED, HANDICAP, REST, CONVALESCENT, NURSING)
$1,590,000
Current use
Blend value · Realmo final
$1.59M
Range $1.43M – $1.74M · ±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
$23 / 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
$216,174
Tax year 2023
Assessed value
$9,610,750
Assessed 2023
Previous assessed
$9,610,750
+0.0% YoY
Effective rate
2.25%
On assessed value
Assessed land
$1,578,620
Assessed improvement
$8,032,130
Land market value
$1,578,620
Improvement market value
$8,032,130
Total market value
$9,610,750
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
Assisted living facilities
Use group
HOMES (RETIRED, NURSING)
Status
Off-Market
Year built
2009
Construction
TILT-UP CONCRETE
Heating
CENTRAL
Cooling
CENTRAL
Stories
3
Total area
67,707 SF
Lot
2.42 ac (105,241 SF)
Zoning code
Z109
APN
420766800605A0000
UPID
US82-4822777
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
HOMES (RETIRED, HANDICAP, REST, CONVALESCENT, NURSING) Current
Est. value
$1.6M
HOMES (RETIRED, HANDICAP, REST, CONVALESCENT, NURSING) Current
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
2009
Construction
TILT-UP CONCRETE
Heating
CENTRAL
Cooling
Yes
Stories
3
Lot
2.42 ac
Current owner
From public records · entity-resolved
1350 East Lookout Drive LLC
Entity
Mailing address
1422 CLARKVIEW RD, BALTIMORE, MD 21209-2385
Ownership since
2018
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
14 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 4, 2018
—
1350 East Lookout Drive LLC
Fc-gen Real Estate LLC
Trustees Deed
$105,800,000 · Keybank USA
May 1, 2015
—
Fc-gen Real Estate LLC
Rmr Real Estate Richardson LLC
Grant Deed
—
Jul 25, 2013
—
Rmr Real Estate Richardson LLC
—
Loan Modification
related
$4,200,000 · Jp Morgan Chase Bk
May 20, 2010
—
Rmr Real Estate Richardson LLC
—
Loan Modification
related
$11,400,000 · Jp Morgan Chase Bk
Jan 14, 2008
—
Remington Medical Resort Of Richa
Creekview
Grant Deed
$14,000,000 · Wachovia Bk/ga
—
—
Rmr Real Estate Richardson LLC
—
Loan Modification
related
$4,200,000 · Jp Morgan Chase Bk
—
—
Rmr Real Estate Richardson LLC
—
Loan Modification
related
$10,500,000 · Jp Morgan Chase Bk
—
—
Rmr Real Estate Richardson LLC
—
Loan Modification
related
$11,400,000 · Jp Morgan Chase Bk
—
—
Rmr Real Estate Richardson LLC
—
Loan Modification
related
$9,500,000 · Jp Morgan Chase Bk
—
—
Rmr Real Estate Richardson LLC
—
Loan Modification
related
$4,200,000 · Jp Morgan Chase Bk
—
—
Rmr Real Estate Richardson LLC
—
Loan Modification
related
$1,000,000 · Jp Morgan Chase Bk
—
—
Rmr Real Estate Richardson LLC
—
Loan Modification
related
$4,200,000 · Jp Morgan Chase Bk
—
—
Rmr Real Estate Richardson LLC
—
Loan Modification
related
$10,500,000 · Jp Morgan Chase Bk
—
—
Rmr Real Estate Richardson LLC
—
Loan Modification
related
$1,000,000 · Jp Morgan Chase Bk
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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