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Property profile & analytics
OFF-MARKET
Turn key restaurants
514 Lockwood Dr Richardson, TX 75080-5609
Entity Owned
Free & Clear
Property ID
US83-4037595
Property profile
Verified
Property type
Turn key restaurants
Use group
RESTAURANT
Year built
1973
Construction
TILT-UP CONCRETE
Total area
7,000 SF
Lot
0.66 ac (28,640 SF)
Zoning code
Z31
APN
42431450000250000
UPID
US83-4037595
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
-
Liberty Demolition Corporate Office
-
Becca Wood Website Design Marketing & Advertising (Bike/Boat/Book/etc) Store
-
Art of Twisted Nail Art Studio
-
Risk Systems, Inc. Security Service
-
MPACT FOR MANKIND Charitable Organization Social Service Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Providence Holdings I LLC
Providence Holdings I LLC
since 2026
7 recorded transactions
Zoning & alternative use
Z31 · 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$22,493
Tax year 2023
Assessed value
$1,000,000
Assessed 2023
Previous assessed
$1,000,000
+0.0% YoY
Effective rate
2.25%
On assessed value
Assessed land
$386,640
Assessed improvement
$613,360
Land market value
$386,640
Improvement market value
$613,360
Total market value
$1,000,000
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
Turn key restaurants
Use group
RESTAURANT
Status
Off-Market
Year built
1973
Construction
TILT-UP CONCRETE
Heating
OTHER
Cooling
OTHER
Stories
1
Total area
7,000 SF
Lot
0.66 ac (28,640 SF)
Zoning code
Z31
APN
42431450000250000
UPID
US83-4037595
Jurisdiction
DALLAS
Metro division
DALLAS-PLANO-IRVING, TX METROPOLITAN DIVISION
Zoning & alternative use
Z31 · Richardson, TX
Zoning Z31 · permitted uses
Z31 · 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
1973
Construction
TILT-UP CONCRETE
Heating
OTHER
Cooling
Yes
Stories
1
Lot
0.66 ac
Current owner
From public records · entity-resolved
Providence Holdings I LLC
Entity
Free & Clear · 0 yrs held
Mailing address
514 LOCKWOOD DR, RICHARDSON, TX 75080-5609
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2026
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
12 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 27, 2026
—
Providence Holdings I LLC
Shantae King Lexus
Warranty Deed
—
Mar 26, 2026
—
Providence Holdings I LLC
Joe Dean Powell
Warranty Deed
—
Apr 9, 2025
—
Providence Holdings I LLC
Edward Carleton Story
Deed
$232,300 · Clutch Lending Fund 2 LLC
Aug 3, 2022
—
Lockwood Commonwealth LLC
—
Deed
related
$1,750,000 · Valliance Bank
Feb 21, 2018
—
Lockwood Commonwealth LLC
—
Deed
related
$933,600 · Pinnacle Bk/wy Cheyenne Br
Jan 2, 2018
—
Lockwood Commonwealth LLC
—
Deed
related
$313,223 · Pinnacle Bank
Aug 15, 2017
—
Lockwood Commoneralth LLC
—
Deed
related
$50,000 · Pinnacle Bank
Sep 13, 2016
—
Lockwood Commonwealth LLC
Holly Heaver Jennings
Venders Lien
$933,600 · Pinnacle Bank
Jun 28, 2011
—
Eleanore D Heaver
Cit Small Busn Lending Corp
Warranty Deed
—
Feb 1, 2011
$240,000
Cit Small Busn Lending Corp
Schurr,patrick
Trustees Deed
related
—
Jan 10, 2006
—
Dvorkin Investments INC
Richardson Import Auto Center
Warranty Deed
$725,000 · Cit Small Business Lending Co
—
—
Lockwood Commonwealth LLC
—
Loan Modification
related
$933,600 · Pinnacle Bk/wy Cheyenne Br
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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