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Property profile & analytics
FOR SALE
Strip malls
300 Terrace Dr Richardson, TX 75081
Individually Owned
14-yr Hold
~
Est. High Equity
Property ID
US82-2728076
For Sale
1 / 18
$765,000
300 Terrace Dr, Richardson, TX 75081
View Listing →
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
1961
Construction
TILT-UP CONCRETE
Total area
13,390 SF
Lot
0.81 ac (35,359 SF)
Zoning code
Z31
APN
42239510010020000
UPID
US82-2728076
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
-
马师傅面馆 Restaurant
-
Exxclusive Taste Dallas (North) Restaurant Take-out & Catering
-
Kanzaman Mediterranean food Restaurant
-
Spice 'N' Rice Indian Cuisine Restaurant
-
Jay's Printing Marketing & Advertising Printing Service
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$625k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$909k
Blend (final)
Blend
$765k
Owner & transaction history
Supreme Plaza Ltd · 14 yrs held
Supreme Plaza Ltd
since 2011
7 recorded transactions
Zoning & alternative use
Z31 · Richardson, TX
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$965,000
+24.2%
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
$625,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
NEIGHBORHOOD: SHOPPING CENTER
$775,000
Current use
RETAIL STORES
$965,000
Change: +24% · Conversion: Easy
Blend value · Realmo final
$765k
Range $689k – $842k · ±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
$57 / 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
$40,841
Tax year 2023
Assessed value
$1,815,730
Assessed 2023
Previous assessed
$1,815,730
+0.0% YoY
Effective rate
2.25%
On assessed value
Assessed land
$282,870
Assessed improvement
$1,532,860
Land market value
$282,870
Improvement market value
$1,532,860
Total market value
$1,815,730
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
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Status
For Sale
Year built
1961
Construction
TILT-UP CONCRETE
Heating
CENTRAL
Cooling
CENTRAL
Stories
1
Total area
13,390 SF
Lot
0.81 ac (35,359 SF)
Zoning code
Z31
APN
42239510010020000
UPID
US82-2728076
Jurisdiction
DALLAS
Metro division
DALLAS-PLANO-IRVING, TX METROPOLITAN DIVISION
Zoning & alternative use
Z31 · Richardson, TXZoning Z31 · permitted uses
Z31 · Richardson, TX
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
NEIGHBORHOOD: SHOPPING CENTER Current
Est. value
$775,000
RETAIL STORES
Est. value
$965,000
NEIGHBORHOOD: SHOPPING CENTER Current
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
1961
Construction
TILT-UP CONCRETE
Heating
CENTRAL
Cooling
Yes
Stories
1
Lot
0.81 ac
Current owner
From public records · entity-resolved
Supreme Plaza Ltd
Individual
Mailing address
7005 CHASE OAKS BLVD STE #200, PLANO, TX 75025-5954
Ownership since
2011
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 24, 2022
—
Supreme Plaza Ltd
—
Deed
related
$325,000 · Prosperity Bank
Oct 28, 2011
—
Supreme Plaza Ltd
Npde INC
Grant Deed
$3,000,000 · Legacytexas Bank
Oct 11, 2010
—
North Rich Plaza Ltd
—
Deed Of Trust
related
$3,070,674 · Town North Bank NA
Jan 26, 2010
—
North Rich Plaza Ltd
—
Grant Deed
related
$3,176,825 · Town North Bank NA
Mar 24, 2009
—
Npde INC
—
Trustees Deed
related
$284,232 · Town North Bank NA
Dec 9, 2003
—
Npde INC
—
Deed Of Trust
related
$3,600,000 · Town North Bank NA
Dec 8, 2003
—
Npde INC
—
Deed Of Trust
related
$3,600,000 · Town North Bank NA
Jul 22, 1998
—
Npde INC
Supreme Terrace Ltd
Grant Deed
$308,000 · Canyon Creek National Bank
—
—
Npde INC
—
Deed Of Trust
related
$263,944 · Town North Bank NA
—
—
Npde INC
—
Deed Of Trust
related
$60,400 · Town North Bank NA
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.
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