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1601 North Glenville Dr, Richardson, TX 75081
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Property summary
AI-generated overview
CounterPoint at Central Park I, located at 1601-1651 North Glenville Drive in Richardson, Texas (zip code 75081), offers a prime opportunity for businesses seeking flexible office and industrial space in Dallas County. This multi-tenant property boasts a total of 71,357 square feet, with a significant amount of vacant space currently available, totaling 51,029 square feet. The building offers a range of unit sizes, accommodating businesses of various scales. Individual spaces range from a minimum of 2,706 square feet to a maximum contiguous space of 16,535 square feet, providing flexibility for expansion or downsizing. The property is classified as both office and industrial, making it suitable for a wide array of uses. Its location in Richardson, Texas, offers convenient access to major transportation routes and amenities. The property's "Flex" designation highlights its adaptability to diverse business needs, combining the best features of office and industrial spaces. This presents a unique chance to secure a well-situated, versatile space in a thriving Texas market. The property is ready for immediate occupancy. Inquire today to learn more about available space and lease terms.
Property profile
Verified
Property type
Showrooms
Use group
SHOW ROOM, WAREHOUSE
Year built
1984
Construction
TILT-UP CONCRETE
Total area
40,950 SF
Lot
3.65 ac (158,907 SF)
Zoning code
Z31
APN
420415000E0020000
UPID
US82-9402437
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
(Bike/Boat/Book/etc) Store Pharmacy
-
Water Works Equipment Supplier
-
Industrial Manufacturer
-
Corporate Office
-
Recycling Center Waste Management Facility
Location
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$820k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.24M
Blend (final)
Blend
$1.03M
Owner & transaction history
since 2005
1 recorded transaction
Zoning & alternative use
Z31 · Richardson, TX
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
Value estimation
Instant AI valuation built from comps, income signals, and proprietary benchmarks. A defensible range, not a single guess.
Unlock the complete Valuation workflow
Full NOI reconstruction, selected comps, alternative-use scenarios, data audit and PDF export.
2 alternative uses screened
Sensitivity value band
Source audit · 6 inputs
PDF export
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Summary
1
Valuation conclusion
Included free
Estimated market value
$1.03M
Value range
$927k – $1.13M
±10% around blend
Estimated value / SF
$25 / SF
Confidence
Property data
100
Comparable evidence
60
$927k
blend $1.03M
$1.13M
Market-derived valuation under stabilized market assumptions. Desktop analysis. No physical inspection performed.
2
Subject property
Included free
GBA
40,950 SF
Lot area
3.65 ac
Year built
1984
Stories
1
APN
420415000E0020000
Zoning
Z31
Assessed value
$2,564,730
Annual tax
$57,688
3
Income approach: direct capitalization
Partial preview
Not enough income data on file for a CAP-approach estimation.
4
Sales comparison
Partial preview
Sales approach indication
$1.24M
Range $820k – $2.67M
Evidence
6 found
Recent peer sales in this city
5
Sensitivity & risk
Partial preview
Downside
−10%
Base
$1.03M
Upside
+10%
Bounds of the ±10% band vs the blend — never simulated scenarios.
6
Data & methodology
Included free
Building area
County record
Property tax
County record
Assessed value
County record
Zoning designation
County record
Operating expenses
Not available
Market rent
Not available
Not analyzed due to unavailable source data: actual rent roll, tenant leases, physical condition and capital
requirements are outside a desktop analysis.
Cost Approach excluded: replacement-cost inputs are not on file.
Automated valuation analysis, not a licensed appraisal. Figures are derived from public
records and proprietary models. Desktop analysis: no physical inspection, tenant leases or reported
property income. Verify with a licensed appraiser before transacting.
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
Unlock the complete Cap Rate workflow
Full market tables, editable assumptions, comparable evidence, saved work and exports.
9-scenario matrix
Market rates by use type
PDF export
Professional Plan · 30 reports
from $99/month
from $99/month
Overview
No cap rate is computable for this property yet: no recorded sale, income signal or market-rate row for its use type.
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Test a cap rate
Implied value$2.56M
Move the market yield to see immediate price impact.
Value / SF
$63
Vs. selected
Base
Derivation
NOI ÷ cap
Arithmetic over the derived NOI * — not market scenario modeling.
NOI × cap matrix
Preview
Preview of 9 modeled outcomes.
NOI
5.00%7.00%9.00%
$162k
$3.23M
$2.31M
$1.80M
$180k
$3.59M
$2.56M
$1.99M
$197k
$3.95M
$2.82M
$2.19M
NOI sensitivity ±10% across the 5 / 7 / 9% anchors — derivation of the NOI above.
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$57,688
Tax year 2023
Assessed value
$2,564,730
Assessed 2023
Previous assessed
$2,564,730
+0.0% YoY
Effective rate
2.25%
On assessed value
Assessed land
$1,271,260
Assessed improvement
$1,293,470
Land market value
$1,271,260
Improvement market value
$1,293,470
Total market value
$2,564,730
Automated cap rate analysis. Based on public records, market benchmarks and proprietary
models. Verify with a licensed professional before transacting.
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Showrooms
Use group
SHOW ROOM, WAREHOUSE
Status
For Lease
Year built
1984
Construction
TILT-UP CONCRETE
Heating
CENTRAL
Cooling
CENTRAL
Stories
1
Total area
40,950 SF
Lot
3.65 ac (158,907 SF)
Zoning code
Z31
APN
420415000E0020000
UPID
US82-9402437
Jurisdiction
DALLAS
Metro division
DALLAS-PLANO-IRVING, TX METROPOLITAN DIVISION
Zoning & alternative use
Z31 · Richardson, TXZoning Z31 · permitted uses
Z31 · Richardson, TX
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Alternative use value scenarios
Repositioning upside vs current use
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Building & site characteristics
From public records
Year built
1984
Construction
TILT-UP CONCRETE
Heating
CENTRAL
Cooling
Yes
Stories
1
Lot
3.65 ac
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
County-recorded code
Z31
Jurisdiction
Richardson, TX
Recorded code
Z31
Ownership Intelligence
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Ownership report
Owner identityResolved entity and name variants
Portfolio holdingsLinked properties and estimated value
Deal signalsSell-side activity worth following
Debt & historyRecorded loans and transaction history
Private report access
See the ownership record for this address.
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Owner of record and activity signals are derived from public records and modeled classifications.
They do not confirm beneficial ownership or intent to transact.
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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