Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    1661 Gtwy Blvd Richardson, TX 75080-3530

    • Office buildings
    • 27,360 SF
    • 1.60 lot acres
    OFF-MARKET
    Value Estimations
    $895,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US82-3800559
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Winfree Academy / High School / Charter School

    Property Details for 1661 Gtwy Blvd

    Year built
    1982
    Construction
    TILT-UP CONCRETE
    Lot size
    1.60 lot acres
    Property size
    27,360 SF
    Zone code
    Z206
    Property type
    Office buildings
    APN
    42256000030020000
    APU
    42256000030020000

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $895,000

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Richardson
    County
    Dallas
    State
    Texas
    Longitude
    -96.7221
    Latitude
    32.9707
    CBSA code
    19100
    CBSA name
    DALLAS-FORT WORTH-ARLINGTON, TX METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $0.00
    $695,650
    $2,954,450
    $3,650,100
    -
    $695,650
    $2,954,450
    $3,650,100

    Comparable in this City

    • Value Estimation
      $985,000
      38,946 SF

      1221 Campbell Rd

      OFFICE BUILDING • 38,946 SF
      1221 Campbell Rd, Richardson, TX 75080-2967
      View Details
    • Value Estimation
      $880,000
      45,948 SF

      777 Central Expy

      OFFICE BUILDING • 45,948 SF
      777 Central Expy, Richardson, TX 75080-7411
      View Details
    • Value Estimation
      $1,185,000
      58,000 SF

      900 Saint Paul Dr

      OFFICE BUILDING • 58,000 SF
      900 Saint Paul Dr, Richardson, TX 75080-7309
      View Details
    • Value Estimation
      $1,230,000
      26,544 SF

      508 Twilight Trl

      OFFICE BUILDING • 26,544 SF
      508 Twilight Trl, Richardson, TX 75080-8103
      View Details
    • Value Estimation
      $1,045,000
      157,592 SF

      1311 President George Bush Hwy

      OFFICE BUILDING • 157,592 SF
      1311 President George Bush Hwy, Richardson, TX 75080-1153
      View Details
    • Value Estimation
      $600,000
      20,000 SF

      269 Renner Pkwy

      OFFICE BUILDING • 20,000 SF
      269 Renner Pkwy, Richardson, TX 75080-1316
      View Details

    Similar Nearby for Sale

    • $639,000
      0.35 Acres

      Richardson Office For Sale

      Office building for sale in Richardson, Texas.
      208 S Cottonwood Dr, Richardson, TX 75080
      View Details
    • $995,000
      5,256 SF

      Richardson Office Building Overlooking Park

      Office building with recent improvements and park views.
      304 S Cottonwood Dr, Richardson, TX 75080
      View Details
    • Contact for pricing
      57,500 SF

      Vacant Furnished Office Building

      57,500 SF vacant, furnished office building on 5 acres.
      222 Palisades Creek Dr, Richardson, TX 75080
      View Details
    • Contact for pricing
      77,967 SF

      Two Mission Plaza: Richardson Office

      77,967 SF Office Building, Value-Add Opportunity
      1202 Richardson Dr, Richardson, TX 75080
      View Details
    • $199,000
      3 SF

      Richardson Office/Medical Opportunity For Sale

      Office and medical space available in a thriving Richardson location.
      375 Municipal Dr, Richardson, TX 75080
      View Details
    • Contact for pricing
      25,000 SF

      Retail Building on Belt Line

      25,000 SF retail building on 4.2 acre lot.
      1210 E Belt Line Rd, Richardson, TX 75080
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      53,401 SF

      Office Building with Landscaped Courtyard

      Gated office buildings in Richardson, TX, with high accessibility.
      1221-1231 W Campbell Rd, Richardson, TX 75080
      View Details
    • Contact for pricing
      159,197 SF

      Waterview Parkway Office Space Available

      Office building with space from 2,304 to 159,197 RSF.
      3400 Waterview Pkwy, Richardson, TX 75080
      View Details
    • Contact for pricing
      3,200 SF

      Visible Office Space Available

      Highly visible office space with tenant improvement options.
      401 W President George Bush Hwy, Richardson, TX 75080
      View Details
    • $19 SF/Yr
      27,718 SF

      Richardson Office Space For Rent

      27,718 square feet of office space available for lease.
      1301 W President George Bush Hwy, Richardson, TX 75080
      View Details
    • $3,680 /Mo
      32,378 SF

      Versatile Office Space, Richardson, TX

      3,500 SF office space suitable for medical or general business.
      2097 N Collins St, Richardson, TX 75080
      View Details
    • $17 SF/Yr
      55,242 SF

      Richardson Office Space For Rent

      Energy Star labeled office space available for lease in Richardson.
      1311 President George Bush Hwy, Richardson, TX 75080
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    1661 Gtwy Blvd
    Richardson, TX 75080-3530
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.