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Property profile & analytics
FOR LEASE
Office buildings
2425 N Central Expy Richardson, TX 75080
Individually Owned
10-yr Hold
Absentee Owner
Free & Clear
Property ID
US82-9514274
For Lease
$6,700,000
2425 N Central Expy, Richardson, TX 75080
View Listing →
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1981
Construction
FRAME
Total area
192,552 SF
Lot
5.69 ac (247,639 SF)
Zoning code
Z404
APN
421243100T0010000
UPID
US82-9514274
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
-
Sutaria V C CPA Accounting Firm Tax Preparation
-
Reaves Brokerage Co. Agricultural Supply Food Market
-
Dan Ward - State Farm Insurance Agent Insurance Agency
-
Southwest Service Administrators, Inc. Insurance Agency
-
Trademark Law Attorney Dallas Texas Law Firm
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$6.70M
Owner & transaction history
Palisades Central Owners Assn · 10 yrs held
Palisades Central Owners Assn
since 2015
4 recorded transactions
Zoning & alternative use
Z404 · 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
$35 / 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
$483,599
Tax year 2023
Assessed value
$21,500,000
Assessed 2023
Previous assessed
$21,500,000
+0.0% YoY
Effective rate
2.25%
On assessed value
Assessed land
$3,714,590
Assessed improvement
$17,785,410
Land market value
$3,714,590
Improvement market value
$17,785,410
Total market value
$21,500,000
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
Office buildings
Use group
OFFICE BUILDING
Status
For Lease
Year built
1981
Construction
FRAME
Heating
CENTRAL
Cooling
CENTRAL
Stories
10
Total area
192,552 SF
Lot
5.69 ac (247,639 SF)
Zoning code
Z404
APN
421243100T0010000
UPID
US82-9514274
Jurisdiction
DALLAS
Metro division
DALLAS-PLANO-IRVING, TX METROPOLITAN DIVISION
Zoning & alternative use
Z404 · Richardson, TX
Zoning Z404 · permitted uses
Z404 · 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.
Building & site characteristics
From public records
Year built
1981
Construction
FRAME
Heating
CENTRAL
Cooling
Yes
Stories
10
Lot
5.69 ac
Current owner
From public records · entity-resolved
Palisades Central Owners Assn
Individual
Free & Clear · 10 yrs held
Mailing address
2435 N CENTRAL EXPY STE #480, RICHARDSON, TX 75080-2861
Mailing matches property
Different — outreach signal
Owner-occupied
No
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
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 25, 2015
—
Palisades Central Owners Assn
Jp-palisades I LLC
Quit Claim Deed
related
—
Nov 23, 2011
—
Jp-kbs Richardson Holdings LLC
Equastone Palisades I LLC
Grant Deed
related
—
Aug 1, 2007
—
Equastone Palisades I LLC
Crescent R/e Funding Viii
Grant Deed
$21,482,196 · General Elec Cap
—
—
Jp-palisades I LLC
—
Loan Modification
related
$41,500,000 · Wells Fargo Bk
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
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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