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Property profile & analytics
FOR LEASE
Office buildings
450 Century Pkwy Allen, TX 75013
Entity Owned
6-yr Hold
~
Est. High Equity
Property ID
US82-9423732
For Lease
1 / 8
$3,855,000
450 Century Pkwy, Allen, TX 75013
View Listing →
Property summary
AI-generated overview
Allen Place I, a Class A office building located at 450 Century Pkwy, Allen, TX 75013, offers 102,357 square feet of traditional office space in Collin County. Currently, 23,898 square feet are vacant, divisible into units ranging from 1,237 to 8,580 contiguous square feet. The building features five total suites, providing flexibility for various business needs. Amenities include newly renovated spec suites, a fitness center with locker rooms, a coffee shop/cafe with both indoor and outdoor seating, and a tenant conference room. Top-of-building signage is available for increased visibility. On-site property management and a controlled access security system ensure a safe and efficient work environment. The building boasts excellent ingress/egress off Central Expressway and enjoys close proximity to Watters Creek, Allen City Hall, and the new Watters Creek Convention Center. The property sits on a 5.04-acre lot and offers a 5:1000 parking ratio.
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
2015
Total area
102,084 SF
Lot
5.04 ac (219,586 SF)
APN
R-3148-002-01A3-1
UPID
US82-9423732
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
-
Anritsu Company Corporate Office
-
KONE General Contractor Construction Company
-
Texas Hardwood Flooring General Contractor Renovation Specialist
-
Paymerie Bad Credit Unsecured Loans Loan Service Financial Advisor
-
QuadriSpace (Bike/Boat/Book/etc) Store Corporate Office
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$3.86M
Owner & transaction history
Cp 450 Global Investors LLC · 6 yrs held
Cp 450 Global Investors LLC
since 2020
2 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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 Allen submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Allen 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
$6,035,000
Current use
Blend value · Realmo final
$3.86M
Range $3.47M – $4.24M · ±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
$38 / 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
$414,629
Tax year 2022
Assessed value
$25,008,576
Assessed 2023
Previous assessed
$22,700,000
+10.2% YoY
Effective rate
1.66%
On assessed value
Assessed land
$1,537,102
Assessed improvement
$23,471,474
Land market value
$1,537,102
Improvement market value
$23,471,474
Total market value
$25,008,576
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
2015
Heating
NONE
Stories
1
Total area
102,084 SF
Lot
5.04 ac (219,586 SF)
APN
R-3148-002-01A3-1
UPID
US82-9423732
Jurisdiction
COLLIN
Metro division
DALLAS-PLANO-IRVING, TX METROPOLITAN DIVISION
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING Current
Est. value
$6.0M
OFFICE BUILDING Current
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
2015
Heating
NONE
Stories
1
Lot
5.04 ac
Current owner
From public records · entity-resolved
Cp 450 Global Investors LLC
Entity
Mailing address
20475 STATE HWY 249TH #10, HOUSTON, TX 77070-2754
Ownership since
2020
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 26, 2020
—
Cp 450 Global Investors LLC
Allen Place Office Bldg I LLC
Grant Deed
$15,275,000 · Vantage Bk Tx NA
Jul 7, 2017
—
Allen Place Office Building I
—
Grant Deed
related
$12,000,000 · Southwest Bk
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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