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Property profile & analytics
FOR LEASE
Office buildings
3400 N Central Expy Richardson, TX 75082
Entity Owned
3-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US83-0749144
For Lease
$40,635,000
3400 N Central Expy, Richardson, TX 75082
View Listing →
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
2016
Total area
324,000 SF
Lot
6.67 ac (290,415 SF)
Zoning code
O-S
APN
R-10821-00C-0020-1
UPID
US83-0749144
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
-
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$42.06M
Blend (final)
Blend
$40.64M
Owner & transaction history
3400 Property LLC · 3 yrs held
3400 Property LLC
since 2022
3 recorded transactions
Zoning & alternative use
O-S · Richardson, TX
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$53.1M
+110.4%
Restaurant
$36.2M
+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
$25,235,000
Current use
MEDICAL BUILDING
$53,095,000
Change: +110% · Conversion: Easy
RESTAURANT
$36,225,000
Change: +44% · Conversion: Moderate
Blend value · Realmo final
$40.64M
Range $36.57M – $44.70M · ±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
$125 / 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
$1,591,918
Tax year 2022
Assessed value
$84,775,967
Assessed 2023
Previous assessed
$77,489,617
+9.4% YoY
Effective rate
1.88%
On assessed value
Assessed land
$10,454,923
Assessed improvement
$74,321,044
Land market value
$10,454,923
Improvement market value
$74,321,044
Total market value
$84,775,967
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
For Lease
Year built
2016
Heating
NONE
Stories
1
Total area
324,000 SF
Lot
6.67 ac (290,415 SF)
Zoning code
O-S
APN
R-10821-00C-0020-1
UPID
US83-0749144
Jurisdiction
COLLIN
Metro division
DALLAS-PLANO-IRVING, TX METROPOLITAN DIVISION
Zoning & alternative use
O-S · Richardson, TX
Zoning O-S · permitted uses
O-S · 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
$25.2M
MEDICAL BUILDING
Est. value
$53.1M
RESTAURANT
Est. value
$36.2M
OFFICE BUILDING Current
MEDICAL BUILDING
RESTAURANT
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
2016
Heating
NONE
Stories
1
Lot
6.67 ac
Current owner
From public records · entity-resolved
3400 Property LLC
Entity
Mailing address
401 N MICHIGAN AVE STE #700, CHICAGO, IL 60611-4278
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 7, 2022
—
3400 Property LLC
—
Deed
related
$62,234,000 · Rubenstein Direct Lending LLC
Jun 17, 2019
—
3400 N Ctrl Expressway Owner L
—
Deed
related
$54,677,548 · Nxt Cap Invs Advisers LLC
—
—
3400 N Ctrl Expressway Owner L
—
Deed Of Trust
related
$54,677,548 · Nxt Cap Invs Advisers LLC
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
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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