Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    1851 N Greenville Ave Richardson, TX 75081
    Back to Search
    Property profile & analytics

    1851 N Greenville Ave Richardson, TX 75081

    View on Map
    • Parking lots & garages
    • 79,360 SF
    • 1.98 lot acres
    For Lease
    $20 SF/Yr
    View Listing →
    Office Space in Telecom Corridor For Lease
    $20 SF/Yr
    2,977 SF

    Office Space in Telecom Corridor

    Office space for lease in a mixed-use development.

    1851 N Greenville Ave, Richardson, TX
    View Listing
    Property ID
    US82-3249323
    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.
    Value Estimations
    $935,000
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Service First Mortgage / Loan Service / Bank
    • TOWNSQUARE COMMERCE, LLC. / Media Distribution
    • Mena's Tex-Mex Grill Cantina / Restaurant
    • JK Leitch / Business Service Center

    Property Details for 1851 N Greenville Ave

    Year built
    2007
    Construction
    FRAME
    Lot size
    1.98 lot acres
    Property size
    79,360 SF
    Zone code
    Z236
    Property type
    Parking lots & garages
    APN
    420687500A0040000
    APU
    420687500A0040000

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $825,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $1,043,000
      Market price range: $233k - $1.24M

    • Alternative Use

      Use
      Estimation
      PARKING LOT
      $565,000
      Current use

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

    Location Insight

    • Map
    • Local Demand
    City
    Richardson
    County
    Dallas
    State
    Texas
    Longitude
    -96.713
    Latitude
    32.9742
    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
    $390,912
    $689,990
    $16,689,320
    $17,379,310
    -
    $689,990
    $16,689,320
    $17,379,310

    Comparable in this City

    • Value Estimation
      $1,360,000
      290,360 SF

      740 Campbell Rd

      PARKING GARAGE, PARKING STRUCTURE • 290,360 SF
      740 Campbell Rd, Richardson, TX 75081-1883
      View Details
    • Value Estimation
      $700,000
      4,888 SF

      2150 Belt Line Rd

      SERVICE STATION (FULL SERVICE) • 4,888 SF
      2150 Belt Line Rd, Richardson, TX 75081-3930
      View Details
    • Value Estimation by Request
      1,647 SF

      900 Belt Line Rd

      SERVICE STATION (FULL SERVICE) • 1,647 SF
      900 Belt Line Rd, Richardson, TX 75081-3701
      View Details
    • Value Estimation by Request
      3,300 SF

      1851 Jupiter Rd

      SERVICE STATION (FULL SERVICE) • 3,300 SF
      1851 Jupiter Rd, Richardson, TX 75081-2176
      View Details
    • Value Estimation by Request
      1,554 SF

      1951 Jupiter Rd

      CAR WASH • 1,554 SF
      1951 Jupiter Rd, Richardson, TX 75081-2177
      View Details
    • Value Estimation by Request
      4,428 SF

      1315 Executive W Dr

      SERVICE STATION (FULL SERVICE) • 4,428 SF
      1315 Executive W Dr, Richardson, TX 75081-2254
      View Details

    Similar Nearby for Sale

    • $11,276,000
      51,542 SF

      Richardson Retail Portfolio For Sale

      Multi-tenant retail centers and freestanding buildings in Richardson, Texas.
      900 E Belt Line Rd, Richardson, TX 75081
      View Details
    • Contact for pricing
      4,821 SF

      Restaurant Ready Freestanding Building

      Move-in ready restaurant in a strong commercial corridor.
      1840 N Plano Rd, Richardson, TX 75081
      View Details
    • Contact for pricing
      2,772 SF

      Retail Space in Richardson, Texas

      Retail space available for sale in Richardson, Texas.
      1198 N Plano Rd, Richardson, TX 75081
      View Details
    • Contact for pricing

      Retail Property in Richardson, Texas

      Retail property for sale at 500 CENTENNIAL BLVD, Richardson, TX.
      500 Centennial Blvd, Richardson, TX 75081
      View Details
    • $2,800,000
      1.04 Acres

      Richardson Church Building For Sale

      Magnificent church building in Richardson, TX, ideal for congregations.
      1000 Centennial Blvd, Richardson, TX 75081
      View Details
    • Contact for pricing

      Land For Sale

      Land available for sale in Richardson, Texas.
      Nwc - Arapaho Rd. & Plano Rd, Richardson, TX 75081
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Retail Space in Anchored Center

      Retail spaces available in Albertsons-anchored shopping center.
      2105-2191 Buckingham Rd, Richardson, TX 75081
      View Details
    • $1,215 /Mo
      706 SF

      Retail Space Near US 75

      Retail space available near N Plano Rd & E Campbell Rd.
      1411 E Campbell Rd, Richardson, TX 75081
      View Details
    • Contact for pricing
      25,600 SF

      Retail Space in Grocery Anchored Center

      Junior anchor box space in established residential community.
      1332 S Plano Rd, Richardson, TX 75081
      View Details
    • Contact for pricing
      1,823 SF

      Retail Space in Richardson, TX

      Retail space available for lease in Richardson, Texas.
      2105 E Buckingham Rd, Richardson, TX 75081
      View Details
    • Contact for pricing
      1,800 SF

      Retail Space in Heritage Square

      Retail space for lease in East Richardson shopping center.
      1151 N Jupiter Rd, Richardson, TX 75081
      View Details
    • Contact for pricing
      4,500 SF

      Retail Space in Heritage Square

      Retail space for lease in East Richardson shopping center.
      2161 E Arapaho Rd, Richardson, TX 75081
      View Details
    View Listing
    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.
    1851 N Greenville Ave
    Richardson, TX 75081
    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

    Thank You for Inquiry
    1851 N Greenville Ave, Richardson, TX, 75081
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!