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Property profile & analytics
OFF-MARKET
Estimated value
$36,500,000
Office buildings
3000 Waterview Pkwy Richardson, TX 75080-1400
Entity Owned
4-yr Hold
Absentee Owner
Free & Clear
Property ID
US82-0612651
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1988
Total area
302,594 SF
Lot
16.02 ac (697,788 SF)
Zoning code
TO-M
APN
R-2379-002-002A-1
UPID
US82-0612651
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
-
SPN Wellness Center Gym & Fitness Center
-
UTDesign Vocational School
-
UTDesign Makerspace Academic Department
-
Ally UTD University
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$34.93M
Blend (final)
Blend
$36.50M
Owner & transaction history
Flexential LLC · 4 yrs held
Flexential LLC
since 2021
7 recorded transactions
Zoning & alternative use
TO-M · Richardson, TX
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$49.6M
+110.4%
Restaurant
$33.8M
+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
$23,565,000
Current use
MEDICAL BUILDING
$49,590,000
Change: +110% · Conversion: Easy
RESTAURANT
$33,830,000
Change: +44% · Conversion: Moderate
COMMERCIAL (GENERAL)
$22,705,000
Change: -4% · Conversion: Easy
Blend value · Realmo final
$36.50M
Range $32.85M – $40.15M · ±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
$121 / 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
$1,208,664
Tax year 2022
Assessed value
$60,100,736
Assessed 2023
Previous assessed
$58,833,984
+2.2% YoY
Effective rate
2.01%
On assessed value
Assessed land
$6,280,089
Assessed improvement
$53,820,647
Land market value
$6,280,089
Improvement market value
$53,820,647
Total market value
$60,100,736
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
1988
Heating
NONE
Stories
1
Total area
302,594 SF
Lot
16.02 ac (697,788 SF)
Zoning code
TO-M
APN
R-2379-002-002A-1
UPID
US82-0612651
Jurisdiction
COLLIN
Metro division
DALLAS-PLANO-IRVING, TX METROPOLITAN DIVISION
Zoning & alternative use
TO-M · Richardson, TX
Zoning TO-M · permitted uses
TO-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
$23.6M
MEDICAL BUILDING
Est. value
$49.6M
RESTAURANT
Est. value
$33.8M
COMMERCIAL (GENERAL)
Est. value
$22.7M
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
1988
Heating
NONE
Stories
1
Lot
16.02 ac
Current owner
From public records · entity-resolved
Flexential LLC
Entity
Free & Clear · 4 yrs held
Mailing address
188 THE EMBARCADERO STE #700, SAN FRANCISCO, CA 94105-1247
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
14 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 10, 2021
—
Flexential LLC
Gi Dc Richardson LLC
Lease
—
Dec 21, 2015
—
Gi Dc Richardson LLC
3000 Waterview Parkway-richard
Grant Deed
related
—
Jan 27, 2011
—
Viawest INC
—
Deed Of Trust
related
$89,000,000 · Barclays Bank Plc
Nov 10, 2010
—
Viawest INC
—
Deed Of Trust
related
$69,000,000 · Barclays Bank Plc
May 27, 2009
—
3000 Waterview Parkway-richard
Trinet Corporate Ptrs II
Warranty Deed
related
—
—
—
Viawest INC
—
Loan Modification
related
—
—
—
Viawest INC
—
Deed Of Trust
related
—
—
—
Viawest INC
—
Deed Of Trust
related
—
—
—
Gi Dc Richardson LLC
—
Deed Of Trust
related
$5,000,000 · Capital One NA
—
—
Gi Dc Richardson LLC
—
Loan Modification
related
$28,000,000 · Capital One NA
—
—
Viawest INC
—
Deed Of Trust
related
—
—
—
Viawest INC
—
Deed Of Trust
related
—
—
—
Gi Dc Richardson LLC
—
Deed Of Trust
related
$23,000,000 · Capital One NA
—
—
Viawest INC
—
Deed Of Trust
related
—
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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