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Property profile & analytics
OFF-MARKET
Estimated value
$920,000
Strip malls
221 Polk St Richardson, TX 75081-4186
Entity Owned
18-yr Hold
~
Est. High Equity
Property ID
US83-3398592
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
1985
Construction
TILT-UP CONCRETE
Total area
20,308 SF
Lot
1.44 ac (62,509 SF)
Zoning code
Z137
APN
420138003601A0000
UPID
US83-3398592
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
-
His Tea Cafe & Coffee Shop
-
Salt & Pepper Catering Take-out & Catering Catering Service
-
Kirin Court Restaurant
-
Mex&co kitchen Restaurant
-
Dim Sum Restaurant
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$835k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.00M
Blend (final)
Blend
$920k
Owner & transaction history
Texas 4 C S Investments Group LLC · 18 yrs held
Texas 4 C S Investments Group LLC
since 2008
7 recorded transactions
Zoning & alternative use
Z137 · Richardson, TX
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$1.5M
+24.2%
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
$835,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
NEIGHBORHOOD: SHOPPING CENTER
$1,180,000
Current use
RETAIL STORES
$1,465,000
Change: +24% · Conversion: Easy
Blend value · Realmo final
$920k
Range $828k – $1.01M · ±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
$45 / 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
$44,986
Tax year 2023
Assessed value
$2,000,000
Assessed 2023
Previous assessed
$2,000,000
+0.0% YoY
Effective rate
2.25%
On assessed value
Assessed land
$937,640
Assessed improvement
$1,062,360
Land market value
$937,640
Improvement market value
$1,062,360
Total market value
$2,000,000
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
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Status
Off-Market
Year built
1985
Construction
TILT-UP CONCRETE
Heating
CENTRAL
Cooling
CENTRAL
Stories
2
Total area
20,308 SF
Lot
1.44 ac (62,509 SF)
Zoning code
Z137
APN
420138003601A0000
UPID
US83-3398592
Jurisdiction
DALLAS
Metro division
DALLAS-PLANO-IRVING, TX METROPOLITAN DIVISION
Zoning & alternative use
Z137 · Richardson, TXZoning Z137 · permitted uses
Z137 · Richardson, TX
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
NEIGHBORHOOD: SHOPPING CENTER Current
Est. value
$1.2M
RETAIL STORES
Est. value
$1.5M
NEIGHBORHOOD: SHOPPING CENTER Current
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
TILT-UP CONCRETE
Heating
CENTRAL
Cooling
Yes
Stories
2
Lot
1.44 ac
Current owner
From public records · entity-resolved
Texas 4 C S Investments Group LLC
Entity
Mailing address
221 W POLK ST STE #200, RICHARDSON, TX 75081-4178
Ownership since
2008
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
17 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 27, 2023
—
Texas 4 C S Investment Group LLC
—
Deed
related
$2,148,755 · Jpmorgan Chase Bank NA
Aug 13, 2020
—
Texas 4 Cs Invs Grp LLC
—
Deed
related
$2,240,000 · One World Bk
Dec 9, 2016
—
Texas 4 S Investment Group LLC
—
Deed
related
$100,000 · One World Bank
Apr 29, 2008
—
Texas 4 C S Investments Group LLC
Rockwall Blue Star LP
Venders Lien
$1,100,000 · United Central Bank
Aug 12, 2003
—
Glenagles Corp
168 Investments Group INC
Grant Deed
related
—
—
—
Texas 4 Cs Invs Group LLC
—
Deed Of Trust
related
$147,000 · American First National Bank
—
—
Texas 4 Cs Invs Group LLC
—
Deed Of Trust
related
$1,125,000 · American First National Bank
—
—
Texas 4 Cs Inv Group LLC
—
Deed Of Trust
related
$1,400,000 · One World Bk
—
—
Texas 4cs Invs Group LLC
—
Deed Of Trust
related
$152,399 · Texas Property Tax Loans
—
—
Texas 4cs Invs Group LLC
—
Deed Of Trust
related
$187,566 · Texas Property Tax Loans
—
—
Anson Chan
—
Deed Of Trust
related
$82,849 · Texas Property Tax Loans
—
—
Texas 4cs Invs Group LLC
—
Deed Of Trust
related
$118,038 · Texas Property Tax Loans
—
—
Texas 4 Cs Inv Group LLC
—
Deed Of Trust
related
$150,000 · Stanley Kong
—
—
Texas 4 Cs Invs Grp LLC
—
Deed Of Trust
related
$2,240,000 · One World Bk
—
—
Texas 4 Cs Invs Group LLC
—
Deed Of Trust
related
$200,000 · Rockwall Blue Star Ok LLC
—
—
Texas 4cs Invs Group LLC
—
Deed Of Trust
related
$100,000 · North Texas Mesbic INC
—
—
Texas 4cs Invs Group LLC
—
Deed Of Trust
related
$47,930 · Texas Property Tax Loans
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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