Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    3400 Central Expy Richardson, TX 75080-0039
    Back to Search
    Property profile & analytics

    3400 Central Expy, Richardson, TX 75080-0039

    View on Map
    • Office buildings
    • 324,000 SF
    • 6.67 lot acres
    Off-Market
    Property ID
    US83-0749144
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
    Value Estimations
    $40,635,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Spacetime / Marketing & Advertising / (Bike/Boat/Book/etc) Store
    • BOHÄAS / Real Estate Agency
    • MizuCommunication / Consultant
    • 2am Realty / Real Estate Agency
    • Skillspire Dallas - Coding School / Vocational School / Training Center

    Property Details for 3400 Central Expy

    Year built
    2016
    Lot size
    6.67 lot acres
    Zone code
    O-S
    Property type
    Office buildings
    APN
    R-10821-00C-0020-1
    APU
    R1082100C00201

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Sep 7, 2022 — 3400 Property LLC — Deed · related $62.2M · Rubenstein Direct Lending LLC
    Jun 17, 2019 — 3400 N Ctrl Expressway Owner L — Deed · related $54.7M · Nxt Cap Invs Advisers LLC
    — — 3400 N Ctrl Expressway Owner L — Deed Of Trust · related $54.7M · Nxt Cap Invs Advisers LLC

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $42,055,000
      Market price range: $8.18M - $42.1M

    • Alternative Use

      Use
      Estimation
      OFFICE BUILDING
      $25,235,000
      Current use
      MEDICAL BUILDING
      $53,095,000
      Change: +110% Conversion: Easy
      RESTAURANT
      $36,225,000
      Change: +44% Conversion: Moderate

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Richardson
    County
    Collin
    State
    Texas
    Longitude
    -96.7077
    Latitude
    32.9984
    CBSA code
    19100
    CBSA name
    DALLAS-FORT WORTH-ARLINGTON, TX METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2022
    $1,591,918
    $10,454,923
    $74,321,044
    $84,775,967
    -
    $10,454,923
    $74,321,044
    $84,775,967

    Comparable in this City

    • Value Estimation
      $14,280,000
      125,000 SF

      501 President George Bush Hwy

      OFFICE BUILDING
      501 President George Bush Hwy, Richardson, TX 75080-1132
      View Details
    • Value Estimation
      $3,535,000
      26,000 SF

      1351 President George Bush Hwy

      OFFICE BUILDING
      1351 President George Bush Hwy, Richardson, TX 75080-1133
      View Details
    • Value Estimation
      $1,460,000
      53,768 SF

      1401 Central Expy

      OFFICE BUILDING
      1401 Central Expy, Richardson, TX 75080-4669
      View Details
    • Value Estimation
      $1,175,000
      32,049 SF

      1750 Collins Blvd

      OFFICE BUILDING
      1750 Collins Blvd, Richardson, TX 75080-3569
      View Details
    • Value Estimation
      $1,615,000
      48,788 SF

      1702 Collins Blvd

      OFFICE BUILDING
      1702 Collins Blvd, Richardson, TX 75080-3566
      View Details
    • Value Estimation
      $4,345,000
      119,825 SF

      1600 Collins Blvd

      OFFICE BUILDING
      1600 Collins Blvd, Richardson, TX 75080-3591
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      142,301 SF

      Richardson Commercial Property For Sale

      Commercial property in Richardson, Texas, a major economic hub.
      300 N Coit Rd, Richardson, TX 75080
      View Details
    • Contact for pricing
      226,723 SF

      Mixed-Use Tower in Prime Location

      Retail and office tower with value-add potential in Richardson, TX.
      300 N Coit Rd, Richardson, TX 75080
      View Details
    • $1,749,000
      0.66 Acres

      Two-Story Freestanding Office Building

      Freestanding two-story office with executive, conference, and open work areas plus convenient parking and kitchen access on both levels.
      901 Waterfall Way, Richardson, TX 75080
      View Details
    • Contact for pricing
      57,500 SF

      Vacant Furnished Office Building

      57,500 SF vacant, furnished office building on 5 acres.
      222 Palisades Creek Dr, Richardson, TX 75080
      View Details
    • Contact for pricing
      1,206 SF

      Richardson Office Suite For Sale

      Professional office suite in a thriving Richardson business corridor.
      375 Municipal Dr, Richardson, TX 75080
      View Details
    • $74,500
      1,206 SF

      Second-Floor Office Suite with Garage Parking

      Versatile office and medical space in a professional building with two dedicated garage parking spaces.
      375 Municipal Dr, Richardson, TX 75080
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Richardson Garden Office Complex

      Four-building office complex with fitness center and conference room access.
      1131 Rockingham Dr, Richardson, TX 75080
      View Details
    • Contact for pricing

      Modern Office Building in Richardson

      Modern office building with flexible space options in Richardson, Texas.
      1701 N Collins Blvd, Richardson, TX 75080
      View Details
    • Contact for pricing
      53,401 SF

      Office Building with Landscaped Courtyard

      Gated office buildings in Richardson, TX, with high accessibility.
      1221-1231 W Campbell Rd, Richardson, TX 75080
      View Details
    • Contact for pricing
      155,993 SF

      Richardson Office Space Available

      Office building with 155,993 square feet available for rent.
      901 South Central Expy, Richardson, TX 75080
      View Details
    • Contact for pricing
      159,197 SF

      Waterview Parkway Office Space Available

      Office building with space from 2,304 to 159,197 RSF.
      3400 Waterview Pkwy, Richardson, TX 75080
      View Details
    • Contact for pricing
      2,435 SF

      Professional Office Space Available

      Office space for rent in professional building, 2,435 SF
      2095 N Collins Rd, Richardson, TX 75080
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    3400 Central Expy
    Richardson, TX 75080-0039
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    3400 Central Expy, Richardson, TX, 75080
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!