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Property profile & analytics
OFF-MARKET
Estimated value
$2,105,000
Office buildings
2375 Glenville Dr Richardson, TX 75082-4470
Entity Owned
11-yr Hold
Absentee Owner
Free & Clear
Property ID
US82-1821376
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1997
Construction
FRAME
Total area
149,650 SF
Lot
8.27 ac (360,111 SF)
Zoning code
Z109
APN
420746600101C0000
UPID
US82-1821376
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
-
Wildflower Cafe Restaurant
-
Steward Health Care Systems Corporate Office
-
Cbre Richardson Corporate Office
-
FedEx Drop Box Postal Service Courier Service
-
GALATYN COMMONS Corporate Office
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.46M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$2.75M
Blend (final)
Blend
$2.11M
Owner & transaction history
Galatyn Parent LP · 11 yrs held
Galatyn Parent LP
since 2014
7 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
$1,460,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
OFFICE BUILDING
$1,725,000
Current use
Blend value · Realmo final
$2.11M
Range $1.89M – $2.32M · ±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
Tax billed
$907,313
Tax year 2023
Assessed value
$40,337,660
Assessed 2023
Previous assessed
$40,337,660
+0.0% YoY
Effective rate
2.25%
On assessed value
Assessed land
$7,201,940
Assessed improvement
$33,135,720
Land market value
$7,201,940
Improvement market value
$33,135,720
Total market value
$40,337,660
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
1997
Construction
FRAME
Heating
CENTRAL
Cooling
CENTRAL
Buildings
2
Stories
5
Total area
149,650 SF
Lot
8.27 ac (360,111 SF)
Zoning code
Z109
APN
420746600101C0000
UPID
US82-1821376
Jurisdiction
DALLAS
Metro division
DALLAS-PLANO-IRVING, TX METROPOLITAN DIVISION
Zoning & alternative use
Z109 · Richardson, TX
Zoning Z109 · permitted uses
Z109 · 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
OFFICE BUILDING Current
Est. value
$1.7M
OFFICE BUILDING 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
1997
Construction
FRAME
Heating
CENTRAL
Cooling
Yes
Stories
5
Buildings
2
Lot
8.27 ac
Current owner
From public records · entity-resolved
Galatyn Parent LP
Entity
Free & Clear · 11 yrs held
Mailing address
5 BRYANT PARK FL #28, NEW YORK, NY 10018-0985
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2014
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 12, 2018
—
Galatyn Parent LP
—
Loan Modification
related
$138,748,007 · Rbc R/e Cap Corp
May 11, 2018
—
Galatyn Parent LP
—
Loan Modification
related
$132,938,789 · Royal Bk/canada
Nov 26, 2014
—
Galatyn Parent LP
Galatyn Ab LP
Quit Claim Deed
related
—
Sep 5, 2014
—
Galatyn Ab LP
Richardson Campus Ab LP
Grant Deed
related
—
Jan 23, 2013
—
Richardson Campus Ab LP
Bank Of America
Grant Deed
$27,381,142 · Jp Morgan Chase Bk
Nov 1, 2008
—
Bank Of America NA
Owner Name Unavailable
Grant Deed
related
—
Jan 6, 2005
—
Countrywide Home Loans INC
Prudential Ins Co Of America
Grant Deed
related
—
—
—
Galatyn Parent LP
—
Deed Of Trust
related
$155,000,000 · Rbc R/e Cap Corp
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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