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Property profile & analytics
OFF-MARKET
Estimated value
$520,000
Commercial real estate
3309 Matrix Dr Richardson, TX 75082-2736
Entity Owned
5-yr Hold
~
Est. High Equity
Property ID
US82-3491757
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Year built
2005
Total area
10,137 SF
Lot
0.91 ac (39,579 SF)
Zoning code
I-M(1)
APN
R-4578-00B-0030-1
UPID
US82-3491757
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
-
Engineered Air Balance HVAC Service General Contractor
-
AutoStone Floor Systems General Contractor Renovation Specialist
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$540k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$502k
Blend (final)
Blend
$520k
Owner & transaction history
Iqct Properties LLC · 5 yrs held
Iqct Properties LLC
since 2020
7 recorded transactions
Zoning & alternative use
I-M(1) · Richardson, TX
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$730,000
+38.7%
Neighborhood: shopping center
$545,000
+3.8%
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
$540,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$525,000
Current use
RETAIL STORES
$730,000
Change: +39% · Conversion: Easy
NEIGHBORHOOD: SHOPPING CENTER
$545,000
Change: +4% · Conversion: Difficult
WAREHOUSE, STORAGE
$460,000
Change: -12% · Conversion: Difficult
Blend value · Realmo final
$520k
Range $468k – $572k · ±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
$51 / 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
$38,825
Tax year 2022
Assessed value
$1,920,067
Assessed 2023
Previous assessed
$1,889,867
+1.6% YoY
Effective rate
2.02%
On assessed value
Assessed land
$356,208
Assessed improvement
$1,563,859
Land market value
$356,208
Improvement market value
$1,563,859
Total market value
$1,920,067
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
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Status
Off-Market
Year built
2005
Heating
NONE
Stories
1
Total area
10,137 SF
Lot
0.91 ac (39,579 SF)
Zoning code
I-M(1)
APN
R-4578-00B-0030-1
UPID
US82-3491757
Jurisdiction
COLLIN
Metro division
DALLAS-PLANO-IRVING, TX METROPOLITAN DIVISION
Zoning & alternative use
I-M(1) · Richardson, TX
Zoning I-M(1) · permitted uses
I-M(1) · 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
COMMERCIAL (GENERAL) Current
Est. value
$525,000
RETAIL STORES
Est. value
$730,000
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$545,000
WAREHOUSE, STORAGE
Est. value
$460,000
COMMERCIAL (GENERAL) Current
RETAIL STORES
NEIGHBORHOOD: SHOPPING CENTER
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
2005
Heating
NONE
Stories
1
Lot
0.91 ac
Current owner
From public records · entity-resolved
Iqct Properties LLC
Entity
Mailing address
3309 MATRIX DR STE #100, RICHARDSON, TX 75082-2825
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
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 18, 2020
—
Iqct Properties LLC
3309 Matrix Limited LLC
Grant Deed
$2,000,000 · Park Cities Financial Ctr
Mar 30, 2017
—
3309 Matrix Ltd LLC
—
Deed
related
$1,000,000 · Jp Morgan Chase Bk
Dec 5, 2005
—
3309 Matrix Ltd LLC
Vantage Development #33 INC
Special Warranty Deed
$452,549 · Pnc Bank NA
Jan 18, 2005
—
Vantage Dev 33
Owner,record
Grant Deed
related
—
—
—
3505 Token Drive LLC
—
Deed Of Trust
related
$1,182,275 · First Community Bank
—
—
3309 Matrix Ltd LLC
—
Deed Of Trust
related
$1,000,000 · Jp Morgan Chase Bk
—
—
3309 Matrix Ltd LLC
—
Deed Of Trust
related
$565,000 · 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.
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