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Property profile & analytics
OFF-MARKET
Estimated value
$14,280,000
Office buildings
501 President George Bush Hwy Richardson, TX 75080-1132
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US82-9840766
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
2001
Total area
125,000 SF
Lot
7.57 ac (329,749 SF)
Zoning code
A
APN
R-4563-00A-001B-1
UPID
US82-9840766
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
-
Jonna LaGrone-Haynes | Keller Williams Central Real Estate Agency
-
Bankers Life Insurance Agency
-
The Rachel Firm Law Firm
-
The Nielsen Company Business To Business Service
-
Alexis Hernandez, Bankers Life Agent Insurance Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$11.42M
Blend (final)
Blend
$14.28M
Owner & transaction history
Custer Court Investors LLC · 4 yrs held
Custer Court Investors LLC
since 2021
5 recorded transactions
Zoning & alternative use
A · Richardson, TX
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$20.5M
+110.4%
Restaurant
$14.0M
+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
$9,735,000
Current use
MEDICAL BUILDING
$20,485,000
Change: +110% · Conversion: Easy
RESTAURANT
$13,975,000
Change: +44% · Conversion: Moderate
COMMERCIAL (GENERAL)
$9,380,000
Change: -4% · Conversion: Easy
Blend value · Realmo final
$14.28M
Range $12.85M – $15.71M · ±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
$114 / 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
$384,166
Tax year 2022
Assessed value
$19,652,100
Assessed 2023
Previous assessed
$18,700,000
+5.1% YoY
Effective rate
1.95%
On assessed value
Assessed land
$4,698,926
Assessed improvement
$14,953,174
Land market value
$4,698,926
Improvement market value
$14,953,174
Total market value
$19,652,100
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
Off-Market
Year built
2001
Heating
NONE
Stories
1
Total area
125,000 SF
Lot
7.57 ac (329,749 SF)
Zoning code
A
APN
R-4563-00A-001B-1
UPID
US82-9840766
Jurisdiction
COLLIN
Metro division
DALLAS-PLANO-IRVING, TX METROPOLITAN DIVISION
Zoning & alternative use
A · Richardson, TX
Zoning A · permitted uses
A · 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
$9.7M
MEDICAL BUILDING
Est. value
$20.5M
RESTAURANT
Est. value
$14.0M
COMMERCIAL (GENERAL)
Est. value
$9.4M
OFFICE BUILDING Current
MEDICAL BUILDING
RESTAURANT
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
2001
Heating
NONE
Stories
1
Lot
7.57 ac
Current owner
From public records · entity-resolved
Custer Court Investors LLC
Entity
Mailing address
14567 N OUTER 40TH RD STE #350, CHESTERFIELD, MO 63017-5775
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 11, 2021
—
Custer Court Investors LLC
Custer Property LLC
Special Warranty Deed
$16,910,000 · Brightspire Credit 8 LLC
Dec 19, 2017
—
Custer Property LLC
—
Deed
related
$14,352,000 · Tbk Bk Ssb
Mar 11, 2015
—
Custer Property LLC
Custer Court LP
Quit Claim Deed
related
$13,670,000 · Lincoln Benefit Life Co
Mar 2, 2012
—
Custer Court LP
Rosewood Property Co
Grant Deed
$10,600,000 · Miscellaneous Ins Co
—
—
Custer Property LLC
—
Deed Of Trust
related
$14,352,000 · Tbk Bk Ssb
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
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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