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Property profile & analytics
OFF-MARKET
Estimated value
$26,565,000
Office buildings
2600 Central Expy Richardson, TX 75080-2055
Entity Owned
12-yr Hold
~
Est. High Equity
Property ID
US82-0574177
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1999
Total area
231,500 SF
Lot
8.99 ac (391,648 SF)
APN
R-3877-001-0010-1
UPID
US82-0574177
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
-
American Contractors Insurance Group Insurance Agency
-
Kleen Performance Factory Production Facility
-
BE Networks Corporate Office
-
WDW Financial Financial Advisor
-
Edward Jones - Financial Advisor: Mark R Hendrick, CRPC™ Financial Advisor
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$22.43M
Blend (final)
Blend
$26.57M
Owner & transaction history
Tower 2600 Property Owner LLC · 12 yrs held
Tower 2600 Property Owner LLC
since 2014
4 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$37.9M
+110.4%
Restaurant
$25.9M
+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
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
OFFICE BUILDING
$18,030,000
Current use
MEDICAL BUILDING
$37,940,000
Change: +110% · Conversion: Easy
RESTAURANT
$25,880,000
Change: +44% · Conversion: Moderate
COMMERCIAL (GENERAL)
$17,370,000
Change: -4% · Conversion: Easy
Blend value · Realmo final
$26.57M
Range $23.91M – $29.22M · ±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
$115 / 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
$821,842
Tax year 2022
Assessed value
$38,592,643
Assessed 2023
Previous assessed
$40,004,715
-3.5% YoY
Effective rate
2.13%
On assessed value
Assessed land
$6,658,015
Assessed improvement
$31,934,628
Land market value
$6,658,015
Improvement market value
$31,934,628
Total market value
$38,592,643
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
1999
Heating
NONE
Stories
1
Total area
231,500 SF
Lot
8.99 ac (391,648 SF)
APN
R-3877-001-0010-1
UPID
US82-0574177
Jurisdiction
COLLIN
Metro division
DALLAS-PLANO-IRVING, TX METROPOLITAN DIVISION
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING Current
Est. value
$18.0M
MEDICAL BUILDING
Est. value
$37.9M
RESTAURANT
Est. value
$25.9M
COMMERCIAL (GENERAL)
Est. value
$17.4M
OFFICE BUILDING Current
MEDICAL BUILDING
RESTAURANT
COMMERCIAL (GENERAL)
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
1999
Heating
NONE
Stories
1
Lot
8.99 ac
Current owner
From public records · entity-resolved
Tower 2600 Property Owner LLC
Entity
Mailing address
350 5TH AVE STE #5340, NEW YORK, NY 10118-5304
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
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 19, 2014
—
Tower 2600 Property Owner LLC
Cf Office Venture II LP
Grant Deed
related
—
Oct 15, 2010
—
Cf Office Venture II LP
Central Expressway Partners LP
Grant Deed
related
—
—
—
Cf Office Venture II LP
—
Deed Of Trust
related
$19,500,000 · J P Morgan Chase Bank
—
—
Cf Office Venture II LP
—
Deed Of Trust
related
$17,500,000 · J P Morgan Chase Bank
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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