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Property profile & analytics
OFF-MARKET
Estimated value
$3,675,000
Parking lots & garages
2221 Lakeside Blvd Richardson, TX 75082-4370
Entity Owned
1-yr Hold
~
Est. High Equity
Property ID
US82-4757970
Property profile
Verified
Property type
Parking lots & garages
Use group
PARKING GARAGE, PARKING STRUCTURE
Year built
1991
Construction
FRAME
Total area
476,897 SF
Lot
18.37 ac (800,241 SF)
Zoning code
Z109
APN
42076680010030000
UPID
US82-4757970
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
-
Anistar Technologies Employment Agency
-
Jeffrey L Bellinghausen - Private Wealth Advisor, Ameriprise Financial Services, LLC Financial Advisor
-
David Nethery - Financial Advisor, Ameriprise Financial Services, LLC Financial Advisor
-
CFO4Life Richardson Office Financial Advisor
-
Goff Companies, LLC Construction Company
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$3.68M
Owner & transaction history
Lakeside Commercial 2024 LP · 1 yrs held
Lakeside Commercial 2024 LP
since 2024
5 recorded transactions
Zoning & alternative use
Z109 · 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
PARKING LOT
$3,380,000
Current use
Blend value · Realmo final
$3.68M
Range $3.31M – $4.04M · ±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
$8 / 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
$2,361,761
Tax year 2023
Assessed value
$105,000,000
Assessed 2023
Previous assessed
$105,000,000
+0.0% YoY
Effective rate
2.25%
On assessed value
Assessed land
$12,003,290
Assessed improvement
$92,996,710
Land market value
$12,003,290
Improvement market value
$92,996,710
Total market value
$105,000,000
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
Parking lots & garages
Use group
PARKING GARAGE, PARKING STRUCTURE
Status
Off-Market
Year built
1991
Construction
FRAME
Heating
CENTRAL
Cooling
CENTRAL
Buildings
4
Stories
3
Total area
476,897 SF
Lot
18.37 ac (800,241 SF)
Zoning code
Z109
APN
42076680010030000
UPID
US82-4757970
Jurisdiction
DALLAS
Metro division
DALLAS-PLANO-IRVING, TX METROPOLITAN DIVISION
Zoning & alternative use
Z109 · Richardson, TXZoning Z109 · permitted uses
Z109 · 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
PARKING LOT Current
Est. value
$3.4M
PARKING LOT 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
1991
Construction
FRAME
Heating
CENTRAL
Cooling
Yes
Stories
3
Buildings
4
Lot
18.37 ac
Current owner
From public records · entity-resolved
Lakeside Commercial 2024 LP
Entity
Mailing address
7420 S KYRENE RD STE #101, TEMPE, AZ 85283-4610
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 11, 2024
—
Lakeside Commercial 2024 LP
Chris Neilson
Special Warranty Deed
$20,400,000 · Farmers Bank & Trust
Aug 20, 2018
—
Lakeside Campuw Partners LP
—
Deed
related
$85,000,000 · Compass Bank
Jun 3, 2015
—
Lakeside Campus Partners LP
2201-2221 Lakeside Partners LP
Quit Claim Deed
related
$81,340,000 · Mesa West Real Estate Income Fund III Ll
Jun 6, 2011
—
2201-2221 Lakeside Partners LP
Nortel Networks INC
Grant Deed
related
—
—
—
2201-2221 Lakeside Partners LP
—
Deed Of Trust
related
—
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
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