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Property profile & analytics
OFF-MARKET
Estimated value
$720,000
Strip malls
318 Central Expy Richardson, TX 75080-6391
Trust Owned
5-yr Hold
Free & Clear
Property ID
US82-3641379
Property summary
AI-generated overview
This exceptional 4,395 square foot retail space is located within a 17,352 square foot strip center situated on Central Expressway in Richardson, Texas, at the highly visible southern endcap. Built in 1978 and renovated in 2020, the property boasts a prime location with easy access to I-75 and ample parking. The space features abundant natural light from a glass storefront, several updated offices, and a convenient warehouse/backroom area with a roll-up door. The building offers a total of 6 suites, with this being the only currently vacant unit. The property sits on 1.01 acres of land and includes 65 total parking spaces. The zoning is designated as Retail Shopping, and the space benefits from prominent lighted LED pylon signage for excellent visibility. This single-story building is part of the Dallas submarket within the DFW area. The net operating expenses (NNN) are currently $5.72 per square foot. This is a unique opportunity to secure a well-maintained, highly visible retail space in a thriving location.
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
1978
Construction
TILT-UP CONCRETE
Total area
17,316 SF
Lot
1.01 ac (43,996 SF)
Zoning code
Z31
APN
420946500K03A0000
UPID
US82-3641379
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
-
BULLDOG BARBER SHOP Barber Shop
-
Sara's Secret (Bike/Boat/Book/etc) Store
-
One Stop Smoke Shop (Bike/Boat/Book/etc) Store
-
North Texas Mobile Auto Detailing Car Wash
-
Central Center Shopping Center Shopping Center & Mall
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$710k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$729k
Blend (final)
Blend
$720k
Owner & transaction history
Trust Pacific Plaza Ltd · 5 yrs held
Trust Pacific Plaza Ltd
since 2020
2 recorded transactions
Zoning & alternative use
Z31 · Richardson, TX
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$1.2M
+31.8%
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
$710,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
NEIGHBORHOOD: SHOPPING CENTER
$885,000
Current use
RETAIL STORES
$1,170,000
Change: +32% · Conversion: Easy
WAREHOUSE, STORAGE
$785,000
Change: -11% · Conversion: Difficult
Blend value · Realmo final
$720k
Range $648k – $792k · ±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
$42 / 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
$51,503
Tax year 2023
Assessed value
$2,289,750
Assessed 2023
Previous assessed
$2,289,750
+0.0% YoY
Effective rate
2.25%
On assessed value
Assessed land
$880,280
Assessed improvement
$1,409,470
Land market value
$880,280
Improvement market value
$1,409,470
Total market value
$2,289,750
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
Off-Market
Year built
1978
Construction
TILT-UP CONCRETE
Heating
CENTRAL
Cooling
CENTRAL
Stories
1
Total area
17,316 SF
Lot
1.01 ac (43,996 SF)
Zoning code
Z31
APN
420946500K03A0000
UPID
US82-3641379
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
$885,000
RETAIL STORES
Est. value
$1.2M
WAREHOUSE, STORAGE
Est. value
$785,000
NEIGHBORHOOD: SHOPPING CENTER Current
RETAIL STORES
WAREHOUSE, STORAGE
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
1978
Construction
TILT-UP CONCRETE
Heating
CENTRAL
Cooling
Yes
Stories
1
Lot
1.01 ac
Current owner
From public records · entity-resolved
Trust Pacific Plaza Ltd
Trust
Free & Clear · 5 yrs held
Mailing address
433 LAS COLINAS BLVD E, IRVING, TX 75039-5581
Ownership since
2020
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 1, 2020
—
Trust Pacific Plaza Ltd
Talley Rents LLC
Quit Claim Deed
related
—
Nov 23, 2020
—
Talley Rents LLC
Goldenwest Diamond Corp
Grant Deed
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.
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