Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    405 S Central Expy Richardson, TX 75081

    • Gas stations
    • 35,287 SF
    • 3.33 lot acres
    For Sale
    View listing
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US83-4251090
    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.

    Current Use by Public Records

    • HALO AUTO REPAIR / Auto Repair Shop
    • SeromPro Auto Care / Auto Repair Shop
    • Doc Inc Premier Transportation / Freight Service / Logistics Company
    • buslimodalls / Limousine Service / Bus Charter
    • A1 Quality Transmission & Auto Repair / Auto Repair Shop

    Property Details for 405 S Central Expy

    Year built
    1980
    Construction
    TILT-UP CONCRETE
    Lot size
    3.33 lot acres
    Property size
    35,287 SF
    Zone code
    Z31
    Property type
    Gas stations
    APN
    42239520000010000
    APU
    42239520000010000

    Description

    This exceptional 5,421-square-foot property, located at 405 S Central Expressway, Suite 100, in Richardson, Texas, presents a unique opportunity for businesses seeking a combined office and warehouse space. Situated in the desirable Richardson Industrial submarket of Dallas County, this multi-tenant building offers immediate occupancy with the entire 5,421 square feet currently vacant. Built in 1980, the property boasts a substantial 16-foot ceiling height, ideal for various industrial uses. Two loading docks provide efficient access for loading and unloading, while ample parking is ensured with 30 total parking spaces available. The property's classification as both Executive Office and Warehouse space makes it suitable for a wide range of businesses requiring both administrative and storage capabilities. The property is conveniently located in Richardson, Texas, with easy access to major transportation routes, making it an attractive location for businesses seeking a strategic presence in the Dallas-Fort Worth metroplex. The zip code is 75081. This is a fantastic opportunity to secure a well-located, versatile commercial space in a thriving industrial area. The property is available for lease.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Richardson
    County
    Dallas
    State
    Texas
    Longitude
    -96.7364
    Latitude
    32.9463
    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
    $61,856
    $2,613,530
    $136,470
    $2,750,000
    -
    $2,613,530
    $136,470
    $2,750,000

    Comparable in this City

    • Value Estimation
      $1,575,000
      21,800 SF

      1777 Central Expy

      SERVICE STATION (FULL SERVICE) • 21,800 SF
      1777 Central Expy, Richardson, TX 75080-3516
      View Details
    • Value Estimation
      $1,810,000
      22,230 SF

      808 Central Expy

      SERVICE STATION (FULL SERVICE) • 22,230 SF
      808 Central Expy, Richardson, TX 75080-7413
      View Details
    • Value Estimation
      $3,910,000
      35,464 SF

      1819 Central Expy

      SERVICE STATION (FULL SERVICE) • 35,464 SF
      1819 Central Expy, Richardson, TX 75080-3507
      View Details
    • Value Estimation by Request
      10,492 SF

      666 Central Expy

      SERVICE STATION (FULL SERVICE) • 10,492 SF
      666 Central Expy, Richardson, TX 75080-5316
      View Details
    • Value Estimation by Request
      1,500 SF

      344 Central Expy

      SERVICE STATION (FULL SERVICE) • 1,500 SF
      344 Central Expy, Richardson, TX 75080
      View Details
    • Value Estimation by Request
      1,170 SF

      201 Central Expy

      SERVICE STATION (FULL SERVICE) • 1,170 SF
      201 Central Expy, Richardson, TX 75080-5306
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      1,524 SF

      Auto Sales/Service Property

      Automotive zoned property with freeway visibility and access.
      211 S Central Expy, Richardson, TX 75080
      View Details
    • Contact for pricing
      25,000 SF

      Retail Building on Belt Line

      25,000 SF retail building on 4.2 acre lot.
      1210 E Belt Line Rd, Richardson, TX 75080
      View Details
    • Contact for pricing
      3,982 SF

      Restaurant with Drive-Thru Potential

      Prime location restaurant with drive-thru, near Richardson Mall redevelopment.
      1230 E Belt Line Rd, Richardson, TX 75080
      View Details
    • $650,000
      0.20 Acres

      Land Near PGA Frisco Courses

      Land for custom home with golf course views in Frisco.
      260 Dudley St, Frisco, TX 75080
      View Details
    • Contact for pricing
      77,967 SF

      Two Mission Plaza: Richardson Office

      77,967 SF Office Building, Value-Add Opportunity
      1202 Richardson Dr, Richardson, TX 75080
      View Details
    • $199,000
      3 SF

      Richardson Office/Medical Opportunity For Sale

      Office and medical space available in a thriving Richardson location.
      375 Municipal Dr, Richardson, TX 75080
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      1,397 SF

      Retail Space in Richardson, Texas

      Retail space available for lease in Richardson, Texas.
      900 N Coit Rd, Richardson, TX 75080
      View Details
    • Contact for pricing
      650 SF

      Retail Space in Custer Square

      Retail space available in renovated West Richardson shopping center.
      451 West Arapaho Rd, Richardson, TX 75080
      View Details
    • $10 SF/Yr
      150,600 SF

      Promenade Shops Retail Space

      Prime Richardson retail, multiple suites available.
      300 Coit Rd, Richardson, TX 75080
      View Details
    • Contact for pricing
      172,000 SF

      Promenade North Retail Center

      Dallas County retail space, 12 suites available.
      1050 Coit Rd, Richardson, TX 75080
      View Details
    • Contact for pricing
      204,597 SF

      Richardson Heights Retail Center

      Prime Retail Space, Dallas County
      100 Central Expy, Richardson, TX 75080
      View Details
    • Contact for pricing
      2,485 SF

      Retail Space in Richardson, TX

      Retail space available in a busy Richardson shopping center.
      970 N Coit 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.
    405 S Central Expy
    Richardson, TX 75081
    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

    Google sign-in failed. Please try again or use another login method.