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Property profile & analytics
OFF-MARKET
Estimated value
$750,000
Office buildings
2460 Central Expy Richardson, TX 75080-2779
Entity Owned
21-yr Hold
~
Est. High Equity
Property ID
US82-5146814
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
2010
Total area
7,140 SF
Lot
1.22 ac (53,100 SF)
Zoning code
O-M
APN
R-2909-000-001B-1
UPID
US82-5146814
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
-
Boppana Primary Care Clinic Pa Physician
-
Madsen Terry D MD Physician
-
Bush Central Investments LP Real Estate Agency
-
Damaka (Bike/Boat/Book/etc) Store Corporate Office
-
QPSL Corporate Office
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$575k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$927k
Blend (final)
Blend
$750k
Owner & transaction history
Bush Central Investments LP · 21 yrs held
Bush Central Investments LP
since 2005
4 recorded transactions
Zoning & alternative use
O-M · Richardson, TX
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$1.2M
+110.4%
Restaurant
$800,000
+43.6%
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
$575,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
OFFICE BUILDING
$555,000
Current use
MEDICAL BUILDING
$1,170,000
Change: +110% · Conversion: Easy
RESTAURANT
$800,000
Change: +44% · Conversion: Moderate
COMMERCIAL (GENERAL)
$535,000
Change: -4% · Conversion: Easy
RETAIL STORES
$480,000
Change: -13% · Conversion: Moderate
Blend value · Realmo final
$750k
Range $675k – $825k · ±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
$105 / 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 2022Property tax & assessments
Tax year 2022
Tax billed
$33,943
Tax year 2022
Assessed value
$2,141,492
Assessed 2023
Previous assessed
$1,652,252
+29.6% YoY
Effective rate
1.59%
On assessed value
Assessed land
$1,751,857
Assessed improvement
$389,635
Land market value
$1,751,857
Improvement market value
$389,635
Total market value
$2,141,492
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
2010
Heating
NONE
Stories
1
Total area
7,140 SF
Lot
1.22 ac (53,100 SF)
Zoning code
O-M
APN
R-2909-000-001B-1
UPID
US82-5146814
Jurisdiction
COLLIN
Metro division
DALLAS-PLANO-IRVING, TX METROPOLITAN DIVISION
Zoning & alternative use
O-M · Richardson, TX
Zoning O-M · permitted uses
O-M · 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
$555,000
MEDICAL BUILDING
Est. value
$1.2M
RESTAURANT
Est. value
$800,000
COMMERCIAL (GENERAL)
Est. value
$535,000
RETAIL STORES
Est. value
$480,000
OFFICE BUILDING Current
MEDICAL BUILDING
RESTAURANT
COMMERCIAL (GENERAL)
RETAIL STORES
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
2010
Heating
NONE
Stories
1
Lot
1.22 ac
Current owner
From public records · entity-resolved
Bush Central Investments LP
Entity
Mailing address
PO BOX 864231, PLANO, TX 75086-4231
Ownership since
2005
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
Jun 17, 2022
—
Bush Central Investments LP
—
Deed
related
$400,000 · Prosperity Bank
Jun 24, 2005
—
Bush Central Investments LP
Abdm INC
Venders Lien
$1,300,000 · United Central Bank
—
—
Bush Central Investments LP
—
Deed Of Trust
related
$1,000,000 · One World Bk
—
—
Bush Central Investments LP
—
Deed Of Trust
related
$1,239,117 · Sohini Vinod R & S V Tr (pt)
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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