Back to Search
Property profile & analytics
OFF-MARKET
Estimated value
$1,475,000
Showrooms
505 Sherman St Richardson, TX 75081-4025
Entity Owned
1-yr Hold
~
Est. High Equity
Property ID
US82-0471637
Property profile
Verified
Property type
Showrooms
Use group
SHOW ROOM, WAREHOUSE
Year built
1975
Construction
TILT-UP CONCRETE
Total area
81,600 SF
Lot
4.94 ac (215,186 SF)
Zoning code
Z109
APN
42219520010010000
UPID
US82-0471637
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
-
sherman plaza Business Service Center Corporate Office
-
ROCKSTAR GRANITE LLC. Building Supply Hardware & Home Improvement
-
Taylor Concrete LLC Construction Company General Contractor
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.16M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.79M
Blend (final)
Blend
$1.48M
Owner & transaction history
Lala Market LLC · 1 yrs held
Lala Market LLC
since 2025
7 recorded transactions
Zoning & alternative use
Z109 · Richardson, TX
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 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
$1,160,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$1.48M
Range $1.33M – $1.62M · ±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
$18 / 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
$83,224
Tax year 2023
Assessed value
$3,700,000
Assessed 2023
Previous assessed
$3,700,000
+0.0% YoY
Effective rate
2.25%
On assessed value
Assessed land
$1,291,120
Assessed improvement
$2,408,880
Land market value
$1,291,120
Improvement market value
$2,408,880
Total market value
$3,700,000
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
Showrooms
Use group
SHOW ROOM, WAREHOUSE
Status
Off-Market
Year built
1975
Construction
TILT-UP CONCRETE
Heating
CENTRAL
Cooling
CENTRAL
Buildings
2
Stories
1
Total area
81,600 SF
Lot
4.94 ac (215,186 SF)
Zoning code
Z109
APN
42219520010010000
UPID
US82-0471637
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.
Building & site characteristics
From public records
Year built
1975
Construction
TILT-UP CONCRETE
Heating
CENTRAL
Cooling
Yes
Stories
1
Buildings
2
Lot
4.94 ac
Current owner
From public records · entity-resolved
Lala Market LLC
Entity
Mailing address
1745 S ALMA SCHOOL RD STE #160, MESA, AZ 85210-3011
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 13, 2025
—
Lala Market LLC
Richardson Independent School Distr
Special Warranty Deed
—
Feb 13, 2023
—
Sherman Plaza LLC
—
Deed
related
$2,435,000 · Five Star Bank
Feb 23, 2018
—
Sherman Plaza LLC
Mri Sherman Plaza Inv Fund LP
Quit Claim Deed
related
—
Feb 9, 2018
—
Mri Sherman Plaza Inv Fund LP
Mri Sherman Plaza Tic Demayo L
Quit Claim Deed
related
$2,500,000 · Starwood Mtg Cap
Dec 29, 2006
—
Sherman Plaza Inv Fund Mri
Charter Sherman
Grant Deed
related
$2,900,000 · Bank Of The Ozarks
May 8, 2006
—
Charter Sherman LP
Sherman Place I Ltd
Venders Lien
$2,100,000 · Pacific Capital Bank
—
—
Mri Sherman Plaza Inv Fund LP
—
Deed Of Trust
related
$2,625,840 · Bank Of The Ozarks
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
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 505 Sherman St?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
