Technical
Financial
Distress signals
Property profile

600 Central Expy Richardson, TX 75080

OFF-MARKET
Warehouses
Property ID
US82-3023093
8,800 SF 1.4 ac lot Built 1963
Entity Owned 27-yr Hold Free & Clear
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Property summary

AI-generated overview

This exceptional 1.08-acre commercial land parcel, located at 600 S Central Expressway in Richardson, Texas, presents a unique investment opportunity. Zoned PD, this single-tenant property offers 47,058 square feet of buildable land, ideal for a variety of commercial developments. The property's prime location on Central Expressway ensures high visibility and accessibility, making it an attractive site for businesses seeking a prominent presence in the thriving Richardson market. The address is 600 S Central Expy, Richardson, TX 75080. The property is currently available for a ground lease, providing a flexible option for potential developers. Its strategic location within the city offers easy access to major transportation arteries, ensuring convenient commutes for employees and customers alike. The expansive lot size allows for significant development potential, catering to a wide range of commercial projects. This is a rare opportunity to acquire a substantial land parcel in a highly desirable area of Richardson, offering excellent potential for long-term growth and return on investment. The property's zoning designation (PD) allows for a variety of commercial uses, subject to city approvals. Interested parties are encouraged to conduct their own due diligence to confirm suitability for their intended use. This is a blank canvas for a visionary developer seeking to capitalize on the vibrant commercial landscape of Richardson, Texas.

Property profile

Verified
Property type Warehouses
Use group MINI-WAREHOUSE, STORAGE
Year built 1963
Construction TILT-UP CONCRETE
Total area 8,800 SF
Lot 1.4 ac (60,810 SF)
Zoning code Z109
APN 42087800010030000
UPID US82-3023093

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Marketing & Advertising Printing Service
  • Consultant
  • Car Dealership

Location

600 Central Expy Richardson, TX 75080-5316
Richardson metro Census 19101 DALLAS-FORT WORTH-ARLINGTON, TX METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$535k
CAP Approach CAP
by Request
Comparable Approach Comparable
$562k
Blend (final) Blend
$535k

Owner & transaction history

Zoning & alternative use

Z109 · Richardson, TX
Top alternative use upside
Office building $685,000 +71.5%
Commercial (general) $660,000 +65.3%
Retail stores $595,000 +48.6%

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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