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Property profile & analytics
OFF-MARKET
Estimated value
$1,565,000
Industrial properties
1501 Plano Rd Richardson, TX 75081-2492
Entity Owned
4-yr Hold
Free & Clear
Property ID
US83-4074241
Property profile
Verified
Property type
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Year built
1984
Construction
TILT-UP CONCRETE
Total area
83,140 SF
Lot
6.82 ac (297,123 SF)
Zoning code
Z109
APN
420519200807A0000
UPID
US83-4074241
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
-
BNY Mellon Bank Loan Service
-
Q C Graphics Inc Factory Production Facility
-
Ditech Loan Service Bank
-
Cut Form LLC Factory Production Facility
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.35M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.79M
Blend (final)
Blend
$1.57M
Owner & transaction history
110th Mercer Properties LLC · 4 yrs held
110th Mercer Properties LLC
since 2021
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
$1,345,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$1,580,000
Current use
Blend value · Realmo final
$1.57M
Range $1.41M – $1.72M · ±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
$19 / 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
$150,703
Tax year 2023
Assessed value
$6,700,000
Assessed 2023
Previous assessed
$6,700,000
+0.0% YoY
Effective rate
2.25%
On assessed value
Assessed land
$2,376,980
Assessed improvement
$4,323,020
Land market value
$2,376,980
Improvement market value
$4,323,020
Total market value
$6,700,000
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
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Status
Off-Market
Year built
1984
Construction
TILT-UP CONCRETE
Heating
CENTRAL
Cooling
CENTRAL
Stories
1
Total area
83,140 SF
Lot
6.82 ac (297,123 SF)
Zoning code
Z109
APN
420519200807A0000
UPID
US83-4074241
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
INDUSTRIAL (GENERAL) Current
Est. value
$1.6M
INDUSTRIAL (GENERAL) 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
1984
Construction
TILT-UP CONCRETE
Heating
CENTRAL
Cooling
Yes
Stories
1
Lot
6.82 ac
Current owner
From public records · entity-resolved
110th Mercer Properties LLC
Entity
Free & Clear · 4 yrs held
Mailing address
2461 N STEMMONS FWY, DALLAS, TX 75207-2601
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
12 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 31, 2021
—
110th Mercer Properties LLC
Bpvif V Holdings 3 LLC
Special Warranty Deed
—
Dec 3, 2020
—
Bpvif V Holdings 3 LLC
Pci 1501 N Plano LLC
Grant Deed
—
Sep 13, 2017
—
Pci 1501 N Plano LLC
Stp 1501 Plano Road Ltd
Special Warranty Deed
—
Dec 8, 2014
—
Stp 1501 Plano Road Ltd
—
Trustees Deed
related
$3,500,000 · Sovereign Bk
Jul 15, 2009
—
Stp 1501 Plano Road Ltd
—
Trustees Deed
related
$2,824,405 · Sovereign Bank
Jun 1, 2007
—
Stp 1501 Plano Road Ltd
1501 Plano Road INC
Venders Lien
$3,500,000 · Sovereign Bank
Nov 3, 1997
—
1501 Plano Road INC
Spectravision Ltd
Grant Deed
related
—
—
—
Stp 1501 Plano Road Ltd
—
Deed Of Trust
related
$2,710,955 · Sovereign Bank
—
—
Stp 1501 Plano Road Ltd
—
Deed Of Trust
related
$2,710,955 · Sovereign Bank
—
—
Stp 1501 Plano Road Ltd
—
Deed Of Trust
related
$2,824,405 · Sovereign Bank
—
—
Stp 1501 Plano Road Ltd
—
Loan Modification
related
$2,403,888 · Sovereign Bk
—
—
Stp 1501 Plano Road Ltd
—
Loan Modification
related
$2,610,272 · Sovereign 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.
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