Back to Search
Property profile & analytics
FOR LEASE
Office buildings
1651 N Collins Blvd Richardson, TX 75080
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US82-3824989
For Lease
1 / 12
$16 SF/Yr
1651 N Collins Blvd, Richardson, TX 75080
View Listing →
Property summary
AI-generated overview
The Collins Commerce Center, a three-story, 75,453 square foot Class B office building in Richardson, TX (75080), offers a unique investment opportunity. Built in 1985 and extensively renovated in 2022, this multi-tenant property boasts high-end marble finishes, high ceilings, abundant natural light, and multiple outdoor seating areas. Currently featuring 13,997 square feet of vacant space, the building is ideally suited for both traditional office users and medical practices, accommodating various build-out needs. The property's prime location on the west side of Highway 75 ensures easy accessibility. Amenities include 276 parking spaces, two elevators, and a beautifully appointed entrance. Leases are offered on a NNN basis. The owner is actively upgrading the building towards Class A standards, presenting a compelling opportunity to secure space at highly competitive pre-upgrade pricing. The 31 suites offer flexibility for businesses of all sizes. This 3.351-acre property represents a strong investment in a thriving Texas market.
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1985
Construction
FRAME
Total area
75,453 SF
Lot
3.35 ac (145,970 SF)
Zoning code
Z206
APN
42255980040020000
UPID
US82-3824989
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
-
Dynamic Insurance Services Insurance Agency
-
Securico Life Insurance Company Insurance Agency
-
Texas Acupuncture Research Institute Alternative Medicine Practice
-
Croft ClaimWorks, L.C. Insurance Agency
-
Cryos International Sperm & Egg Bank Sperm Bank
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$3.34M
Owner & transaction history
Richardson Prime LLC · 2 yrs held
Richardson Prime LLC
since 2023
4 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%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RETAIL STORES
$5,090,000
Change: -13% · Conversion: Moderate
Blend value · Realmo final
$3.34M
Range $3.00M – $3.67M · ±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
$44 / 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
$196,813
Tax year 2023
Assessed value
$8,750,000
Assessed 2023
Previous assessed
$8,750,000
+0.0% YoY
Effective rate
2.25%
On assessed value
Assessed land
$875,820
Assessed improvement
$7,874,180
Land market value
$875,820
Improvement market value
$7,874,180
Total market value
$8,750,000
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
Office buildings
Use group
OFFICE BUILDING
Status
For Lease
Year built
1985
Construction
FRAME
Heating
CENTRAL
Cooling
CENTRAL
Stories
3
Total area
75,453 SF
Lot
3.35 ac (145,970 SF)
Zoning code
Z206
APN
42255980040020000
UPID
US82-3824989
Jurisdiction
DALLAS
Metro division
DALLAS-PLANO-IRVING, TX METROPOLITAN DIVISION
Zoning & alternative use
Z206 · Richardson, TX
Zoning Z206 · permitted uses
Z206 · 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
RETAIL STORES
Est. value
$5.1M
RETAIL STORES
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
1985
Construction
FRAME
Heating
CENTRAL
Cooling
Yes
Stories
3
Lot
3.35 ac
Current owner
From public records · entity-resolved
Richardson Prime LLC
Entity
Mailing address
6727 N CRESTLAND AVE, DALLAS, TX 75252-5903
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
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 3, 2023
—
Richardson Prime LLC
Matan Abehasira SR.
Venders Lien
$6,825,000 · Whitney Bank
Sep 1, 2021
—
Katzir Investments LLC
Collins Commerce Center LLC
Venders Lien
$6,825,000 · Whitney Bank
Apr 9, 2013
—
Collins Commerce Center LLC
One University Place Ltd
Grant Deed
$2,475,000 · One University Place Ltd
—
—
Collins Commerce Center LLC
—
Deed Of Trust
related
$3,400,000 · Southern Farm Bureau Life Ins
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.
