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    508 N Bowser Rd Richardson, TX 75081
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    508 N Bowser Rd Richardson, TX 75081

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    • Warehouses
    • 15,283 SF
    • 0.78 lot acres
    For Sale
    $2,292,450
    View Listing →
    Richardson Office and Warehouse Property For Sale
    $2,292,450
    15,283 SF

    Richardson Office and Warehouse Property

    Vacant office and warehouse property in the East Richardson US-75 Corridor.

    508 N Bowser Rd, Richardson, TX
    View Listing
    Property ID
    US82-4704516
    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

    • Fox Micro International / Tech Support Center / IT Consulting Firm

    Property Details for 508 N Bowser Rd

    Year built
    1976
    Construction
    TILT-UP CONCRETE
    Lot size
    0.78 lot acres
    Property size
    15,283 SF
    Zone code
    Z109
    Property type
    Warehouses
    Property subtype
    Self storage facilities
    APN
    42018550000020000
    APU
    42018550000020000

    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
    -96.7133
    Latitude
    32.9558
    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
    $16,982
    $272,510
    $482,490
    $755,000
    -
    $272,510
    $482,490
    $755,000

    Comparable in this City

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      701 Plano Rd

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      500 Arapaho Rd

      MINI-WAREHOUSE, STORAGE • 52,725 SF
      500 Arapaho Rd, Richardson, TX 75081-2778
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    • Value Estimation
      $1,665,000
      72,292 SF

      200 Arapaho Rd

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      200 Arapaho Rd, Richardson, TX 75081-2719
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      660 Dorothy Dr

      MINI-WAREHOUSE, STORAGE • 120,000 SF
      660 Dorothy Dr, Richardson, TX 75081-2749
      View Details
    • Value Estimation
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      25,579 SF

      1681 Firman Dr Ste, Unit 103

      MINI-WAREHOUSE, STORAGE • 25,579 SF
      1681 Firman Dr Ste, Richardson, TX 75081-6779
      View Details

    Similar Nearby for Sale

    • $2,292,450
      15,283 SF

      Richardson Office and Warehouse Property

      Vacant office and warehouse property in the East Richardson US-75 Corridor.
      508 N Bowser Rd, Richardson, TX 75081
      View Details
    • Contact for pricing

      Industrial Property in Desirable Location

      Industrial property with access to workforce in thriving Richardson submarket.
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      15,525 SF

      Richardson Freestanding Flex/Industrial Building

      Freestanding flex/industrial building near 75 Central Expressway in Richardson, TX.
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      28,966 SF

      Industrial Property in Richardson, Texas

      28,966 SqFt industrial property available for sale.
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    • $329,000
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      Residential Lot in Richland Park

      Build your dream home in a desirable Richardson location.
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    • $365,000
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      Residential Land in Richardson, TX

      Cleared 0.249-acre lot ready for custom home in Richardson, TX.
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    Similar Nearby for Lease

    • Contact for pricing
      12,826 SF

      Richardson Warehouse Space Available

      12,826 SF warehouse space available for sublease.
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      View Details
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      Richardson Flex Space For Rent

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      Richardson Flex Space Available

      Flex spaces available in Richardson, ranging from 3,017 to 6,626 SqFt.
      1201-1299 North Plano Rd, Richardson, TX 75081
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      14,669 SF

      Richardson Warehouse Space Available

      14,669 SF warehouse space for lease in Richardson, TX.
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      8,368 SF

      Richardson Warehouse Space Available

      8,368 SF warehouse space for lease in Richardson, Texas.
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      Richardson Warehouse with Loading Docks

      Warehouse space featuring rear loading with dock and personnel doors.
      777-797 Grove Rd, Richardson, TX 75081
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    View Listing
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    Richardson, TX 75081
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    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
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    508 N Bowser Rd, Richardson, TX, 75081
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