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Property profile & analytics
OFF-MARKET
Estimated value
$9,505,000
Apartment buildings
2200 Waterview Pkwy Richardson, TX 75080-2277
Entity Owned
11-yr Hold
~
Est. High Equity
Property ID
US82-1996444
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
1988
Construction
FRAME
Total area
686,032 SF
Lot
9.87 ac (430,133 SF)
Zoning code
R2000
APN
65031341010039900
UPID
US82-1996444
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
-
UT Dallas University Housing-Building 20 Student Dormitory
-
University Village Phase 3 Student Dormitory
-
UV Phase 2 Clubhouse Student Housing Center
-
Continental Restaurants Restaurant
-
Zipcar Car Rental Facility
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$9.51M
Owner & transaction history
Cadg Univ Place Aw 30 LLC · 11 yrs held
Cadg Univ Place Aw 30 LLC
since 2015
6 recorded transactions
Zoning & alternative use
R2000 · 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
APARTMENT HOUSE (5+ UNITS)
$12,135,000
Current use
Blend value · Realmo final
$9.51M
Range $8.55M – $10.46M · ±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
$14 / 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
Assessed value
$136,857,390
Assessed 2023
Previous assessed
$136,857,390
+0.0% YoY
Assessed improvement
$136,857,390
Improvement market value
$136,857,390
Total market value
$136,857,390
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
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Status
Off-Market
Year built
1988
Construction
FRAME
Heating
CENTRAL
Cooling
CENTRAL
Stories
3
Units
888
Total area
686,032 SF
Lot
9.87 ac (430,133 SF)
Zoning code
R2000
APN
65031341010039900
UPID
US82-1996444
Jurisdiction
DALLAS
Metro division
DALLAS-PLANO-IRVING, TX METROPOLITAN DIVISION
Zoning & alternative use
R2000 · Richardson, TX
Zoning R2000 · permitted uses
R2000 · 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
APARTMENT HOUSE (5+ UNITS) Current
Est. value
$12.1M
APARTMENT HOUSE (5+ UNITS) 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
1988
Construction
FRAME
Heating
CENTRAL
Cooling
Yes
Stories
3
Units
888
Lot
9.87 ac
Current owner
From public records · entity-resolved
Cadg Univ Place Aw 30 LLC
Entity
Mailing address
210 W 7TH ST, AUSTIN, TX 78701-2903
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2015
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 13, 2015
—
Cadg Univ Place Aw 30 LLC
Cadg Dallas 163 LLC
Quit Claim Deed
related
$10,400,000 · American Bk/tx
Sep 15, 2014
—
Cadg Dallas 163 LLC
Board Of Regents/texas A & M Univ
Grant Deed
related
—
—
—
Cadg Dallas 163 LLC
—
Deed Of Trust
related
—
—
—
Cadg Unvi Place Aw 30 LLC
—
Deed Of Trust
related
$1,725,864 · Trez Cap (2015) Corp
—
—
Cadg Dallas 163 LLC
—
Deed Of Trust
related
$4,000,000 · Trez Capital (2014) Corp
—
—
Cadg Unvi Place Aw 30 LLC
—
Loan Modification
related
$826,916 · Trez Capital Funding II LLC
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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