Technical
Financial
Distress signals
Property profile

2435 Central Expy Unit 12TH 12th Richardson, TX 75080

FOR LEASE
Parking lots & garages
Property ID
US82-9178428
278,508 SF 1.28 ac lot Built 1984
Individually Owned 11-yr Hold Free & Clear
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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

Current use

Occupant on record · Public records
  • Employment Agency
  • Tax Preparation
  • (Bike/Boat/Book/etc) Store Corporate Office
  • (Bike/Boat/Book/etc) Store Corporate Office
  • Insurance Agency

Location

2435 Central Expy Unit 12TH, Unit 12th Richardson, TX 75080
Richardson metro Census 19210 DALLAS-FORT WORTH-ARLINGTON, TX METROPOLITAN STATISTICAL AREA
Google Maps

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

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

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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