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Property profile & analytics
FOR LEASE
Parking lots & garages

2435 Central Expy 12th Richardson, TX 75080

278,508 SF 1.28 ac lot Built 1984
Individually Owned 10-yr Hold Free & Clear
Property ID
US82-9178428
Property summary
AI-generated overview

This Class A office building, located at 2435 North Central Expressway, 12th Floor, Richardson, TX 75080, offers 14,802 square feet of flexible workspace. Currently, 5,970 square feet are available for lease, divisible into units as small as 10 square feet, with a maximum contiguous space of 1,300 square feet. The building boasts 350 total suites, catering to various business needs, including executive offices, coworking spaces, and creative office layouts. Renovated in 2019, the property features modern amenities such as elevators and ample on-site parking. Its prime location within the Richardson Telecom Corridor provides easy access to major highways and Dallas/Fort Worth International Airport, placing businesses within close proximity to numerous Fortune 500 companies. The building's striking glass exterior and fountain-adorned surroundings create a prestigious and impressive environment. Additional amenities include a comfortable lounge and outdoor seating area. Numerous hotels are conveniently located within walking distance for visiting clients. This Dallas County property presents a unique opportunity for businesses seeking a sophisticated and well-connected office space in a thriving technology hub. The building is situated in a highly desirable location, offering unparalleled convenience and accessibility. The flexible space options allow for customization to suit a variety of business sizes and needs.

Property profile
Verified
Property type Parking lots & garages
Use group PARKING GARAGE, PARKING STRUCTURE
Year built 1984
Construction FRAME
Total area 278,508 SF
Lot 1.28 ac (55,800 SF)
Zoning code Z137
APN 421243100S0020000
UPID US82-9178428
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
  • SkillStorm Employment Agency
  • Swalm & Associates, CPA's Tax Preparation
  • DonorDirect by Ministry Brands (Bike/Boat/Book/etc) Store Corporate Office
  • Mozula Technologies (Bike/Boat/Book/etc) Store Corporate Office
  • Acrisure Richardson, TX (Born Insurance Agency, Inc.) Insurance Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
$870k
CAP Approach CAP
by Request
Comparable Approach Comparable
$1.90M
Blend (final) Blend
$1.39M
Owner & transaction history
Palisades Central Owners Assn · 10 yrs held
Palisades Central Owners Assn
since 2015
5 recorded transactions
2018
Price N/A
2015
Price N/A
2011
Price N/A
2007
Price N/A
1969
Price N/A
Zoning & alternative use
Z137 · Richardson, TX
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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