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Property profile & analytics
OFF-MARKET
Estimated value
$1,230,000
Industrial properties
401 International Pkwy Richardson, TX 75081-6621
Entity Owned
9-yr Hold
Free & Clear
Property ID
US83-3657604
Property profile
Verified
Property type
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Year built
1984
Construction
TILT-UP CONCRETE
Total area
45,598 SF
Lot
6.4 ac (278,871 SF)
Zoning code
Z109
APN
42196790040030000
UPID
US83-3657604
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
-
La Hoya Glass Artists Art Studio
-
vArida Tech Support Center IT Consulting Firm
-
Legal Elements Law Firm
-
Talon Shred Recycling Center Waste Management Facility
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.27M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.19M
Blend (final)
Blend
$1.23M
Owner & transaction history
Icp 2 Ems LLC · 9 yrs held
Icp 2 Ems LLC
since 2017
7 recorded transactions
Zoning & alternative use
Z109 · Richardson, TX
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$1.7M
+91.6%
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
$1,270,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$865,000
Current use
COMMERCIAL (GENERAL)
$1,660,000
Change: +92% · Conversion: Difficult
Blend value · Realmo final
$1.23M
Range $1.11M – $1.35M · ±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
$27 / 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
$106,842
Tax year 2023
Assessed value
$4,750,000
Assessed 2023
Previous assessed
$4,750,000
+0.0% YoY
Effective rate
2.25%
On assessed value
Assessed land
$2,230,820
Assessed improvement
$2,519,180
Land market value
$2,230,820
Improvement market value
$2,519,180
Total market value
$4,750,000
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
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Status
Off-Market
Year built
1984
Construction
TILT-UP CONCRETE
Heating
CENTRAL
Cooling
CENTRAL
Buildings
2
Stories
1
Total area
45,598 SF
Lot
6.4 ac (278,871 SF)
Zoning code
Z109
APN
42196790040030000
UPID
US83-3657604
Jurisdiction
DALLAS
Metro division
DALLAS-PLANO-IRVING, TX METROPOLITAN DIVISION
Zoning & alternative use
Z109 · Richardson, TX
Zoning Z109 · permitted uses
Z109 · 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
INDUSTRIAL (GENERAL) Current
Est. value
$865,000
COMMERCIAL (GENERAL)
Est. value
$1.7M
INDUSTRIAL (GENERAL) Current
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
1984
Construction
TILT-UP CONCRETE
Heating
CENTRAL
Cooling
Yes
Stories
1
Buildings
2
Lot
6.4 ac
Current owner
From public records · entity-resolved
Icp 2 Ems LLC
Entity
Free & Clear · 9 yrs held
Mailing address
11911 SAN VICENTE BLVD STE #265, LOS ANGELES, CA 90049-6634
Ownership since
2017
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
13 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 18, 2019
—
Icp 2 Ems LLC
—
Deed
related
—
Sep 17, 2019
—
Icp 2 Ems LLC
—
Deed
related
—
Jul 13, 2017
—
Icp 2 Ems LLC
Dallas Flex LLC
Grant Deed
—
Mar 29, 2011
—
Pccp Dallas Acquisitions I LP
—
Deed Of Trust
related
$28,619,993 · Wcrt Texas Seller LP
Dec 10, 2009
—
Dallas Acquisitions I Pccp
—
Deed Of Trust
related
$36,883,504 · Wcrt Texas Seller LP
Sep 11, 2009
—
Dallas Acquisitions I Pccp
—
Grant Deed
related
$38,200,000 · Wcrt Texas Seller LP
Aug 11, 2006
—
Dallas Acquisitions I Pccp
Trademark-emerson Portfolio
Grant Deed
related
—
—
—
Fscp Dallas Portfolio I LP
—
Loan Modification
related
$38,200,000 · Wcrt Texas Seller LP
—
—
Fscp Dallas Portfolio I LP
—
Loan Modification
related
$38,200,000 · Private Individual
—
—
Fscp Dallas Portfolio I LP
—
Loan Modification
related
$38,200,000 · Private Individual
—
—
Icp 2 Ems LLC
—
Deed Of Trust
related
—
—
—
Icp 2 Ems LLC
—
Deed Of Trust
related
—
—
—
Fscp Dallas Portfolio I LP
—
Loan Modification
related
$31,108,157 · Wcrt Texas Seller LP
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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