Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    404 Abrams Rd Richardson, TX 75081-4283
    Back to Search
    Property profile & analytics

    404 Abrams Rd, Richardson, TX 75081-4283

    View on Map
    • Apartment buildings
    • 3,184 SF
    • 0.29 lot acres
    Off-Market
    Property ID
    US82-0823014
    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
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Apartment buildings

    Property Details for 404 Abrams Rd

    Year built
    1947
    Construction
    FRAME
    Lot size
    0.29 lot acres
    Zone code
    Z09
    Property type
    Apartment buildings
    APN
    42430950000170000
    APU
    42430950000170000

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Aug 20, 1999 — Francisco Nunez Scheifele,lynda J & Andrew Grant Deed $106k · Eagle National Bank
    Jan 7, 1999 — Andrew Scheifele Long,eric & Tamara Quit Claim Deed · related —
    — — Francisco Nunez — Deed Of Trust · related $140k · Silver Hill Financial LLC

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Richardson
    County
    Dallas
    State
    Texas
    Longitude
    -96.7287
    Latitude
    32.9455
    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
    2023
    $12,528
    $76,360
    $480,600
    $556,960
    -
    $76,360
    $480,600
    $556,960

    Comparable in this City

    • Value Estimation
      $1,735,000
      199,400 SF

      1111 Abrams Rd

      APARTMENT HOUSE (5+ UNITS)
      1111 Abrams Rd, Richardson, TX 75081-5593
      View Details
    • Value Estimation by Request
      18,144 SF

      105 Bowser Rd

      APARTMENT HOUSE (5+ UNITS)
      105 Bowser Rd, Richardson, TX 75081-6427
      View Details
    • Value Estimation
      $1,210,000
      56,595 SF

      644 Brick Row Dr

      APARTMENT HOUSE (5+ UNITS)
      644 Brick Row Dr, Richardson, TX 75081-4940
      View Details
    • Value Estimation by Request
      18,856 SF

      101 Bowser Rd

      APARTMENT HOUSE (5+ UNITS)
      101 Bowser Rd, Richardson, TX 75081-6428
      View Details
    • Value Estimation
      $565,000
      23,224 SF

      112 Bowser Rd

      APARTMENT HOUSE (5+ UNITS)
      112 Bowser Rd, Richardson, TX 75081-4399
      View Details
    • Value Estimation by Request
      3,676 SF

      333 Polk St

      APARTMENT HOUSE (5+ UNITS)
      333 Polk St, Richardson, TX 75081-4177
      View Details

    Similar Nearby for Sale

    • $650,000
      3,222 SF

      Richardson Duplex with Fenced Yards

      Full duplex in Richardson with updated interiors and private yards.
      2134 Trellis Pl, Richardson, TX 75081
      View Details
    • $785,000
      0.28 Acres

      Updated Duplex with Shared Carport

      An updated duplex with two 3-bed, 2-bath units, rear shared driveway, and outdoor patio space for each home.
      308 Towne House Ln, Richardson, TX 75081
      View Details
    • $620,000
      Pending

      Duplex Townhome-Style Residences

      Spacious 3-bedroom duplex units with attached two-car garages, fenced yards, vaulted ceilings, and private laundry connections.
      100 Trellis Pl, Richardson, TX 75081
      View Details
    • $650,000
      0.29 Acres

      Updated Full Duplex

      Remodeled full duplex with 6 bedrooms and 4.5 baths, separate two-car garages, and stable, easy-to-manage tenants.
      2134 Trellis Pl, Richardson, TX 75081
      View Details
    • Contact for pricing
      15,525 SF

      Richardson Freestanding Flex/Industrial Building

      Freestanding flex/industrial building near 75 Central Expressway in Richardson, TX.
      1161 Executive Dr W, Richardson, TX 75081
      View Details
    • Contact for pricing

      Land For Sale

      Land available for sale in Richardson, Texas.
      Nwc - Arapaho Rd. & Plano Rd, Richardson, TX 75081
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      2,200 SF

      Mixed-Use Development Near DART Station

      Mixed-use property with retail and multifamily units near transportation.
      744 Brick Row Dr, Dallas, TX 75081
      View Details
    • Contact for pricing

      Richardson Specialty Property For Rent

      81,519 square foot specialty property available for rent.
      1751 International Pkwy, Richardson, TX 75081
      View Details
    • Contact for pricing

      Richardson Office Building For Rent

      Six-story office building in Richardson, Texas, near Highway 75.
      1130 E Arapaho Rd, Richardson, TX 75081
      View Details
    • $12 SF/Yr

      Richardson Specialty Property for Lease

      35,540 sqft specialty property available for lease in Richardson.
      1900 Firman Dr, Richardson, TX 75081
      View Details
    • Contact for pricing
      3,502 SF

      Office Space in Telecom Corridor

      Office space for lease in a mixed-use development.
      1851 N Greenville Ave, Richardson, TX 75081
      View Details
    • Contact for pricing
      24,156 SF

      Richardson Office Space For Rent

      Office space available in Richardson, Texas with ample parking.
      1703 N Plano Rd, Richardson, TX 75081
      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.
    404 Abrams Rd
    Richardson, TX 75081-4283
    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
    404 Abrams Rd, Richardson, TX, 75081
    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!