Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    Property profile & analytics

    620 Interurban St Richardson, TX 75081-3317

    • Warehouses
    • 3,680 SF
    • 0.10 lot acres
    OFF-MARKET
    Value Estimations
    $360,000
    Show details
    Cap Rate Potential
    9.9%
    Warehouses
    Location Intelligence
    Property ID
    US82-0309363
    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.

    Current Use by Public Records

    • Richardson Ready Electric Inc. / Electrician

    Property Details for 620 Interurban St

    Year built
    1961
    Construction
    TILT-UP CONCRETE
    Lot size
    0.10 lot acres
    Property size
    3,680 SF
    Zone code
    Z109
    Property type
    Warehouses
    Property subtype
    Self storage facilities
    APN
    42095500000080000
    APU
    42095500000080000

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $345,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $570,000
      6.5%
      $525,000
      7%
      $490,000

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Richardson
    County
    Dallas
    State
    Texas
    Longitude
    -96.7267
    Latitude
    32.9583
    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
    $5,750
    $35,740
    $219,910
    $255,650
    -
    $35,740
    $219,910
    $255,650

    Comparable in this City

    • Value Estimation
      $400,000
      100 SF

      111 Buckingham Rd

      MINI-WAREHOUSE, STORAGE • 100 SF
      111 Buckingham Rd, Richardson, TX 75081-4802
      View Details
    • Value Estimation
      $1,025,000
      76,350 SF

      500 Buckingham Rd

      MINI-WAREHOUSE, STORAGE • 76,350 SF
      500 Buckingham Rd, Richardson, TX 75081-5631
      View Details
    • Value Estimation
      $1,120,000
      100,000 SF

      1301 Presidential Dr, Unit 200

      MINI-WAREHOUSE, STORAGE • 100,000 SF
      1301 Presidential Dr, Richardson, TX 75081-2438
      View Details
    • Value Estimation
      $875,000
      75,365 SF

      1201 Exchange Dr

      MINI-WAREHOUSE, STORAGE • 75,365 SF
      1201 Exchange Dr, Richardson, TX 75081-2314
      View Details
    • Value Estimation
      $1,020,000
      54,675 SF

      1352 Exchange Dr

      MINI-WAREHOUSE, STORAGE • 54,675 SF
      1352 Exchange Dr, Richardson, TX 75081-2315
      View Details
    • Value Estimation
      $995,000
      66,825 SF

      1401 Exchange Dr

      MINI-WAREHOUSE, STORAGE • 66,825 SF
      1401 Exchange Dr, Richardson, TX 75081-2318
      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
      37 SF

      Industrial Property in Desirable Location

      Industrial property with access to workforce in thriving Richardson submarket.
      990 N Bowser Rd, Richardson, TX 75081
      View Details
    • Contact for pricing
      15,525 SF

      Richardson Freestanding Flex/Industrial Building

      Freestanding flex/industrial building near 75 Central Expressway in Richardson, TX.
      Executive Dr W 1161, Richardson, TX 75081
      View Details
    • Contact for pricing
      15 SF

      Free Standing Office Building

      Single tenant office building near Central Expressway and Richardson IQ Hub.
      1161 Executive Dr West | Richardson, Richardson, TX 75081
      View Details
    • $3,875,000

      Retail Property in Richardson, Texas

      Retail property for sale at 500 CENTENNIAL BLVD, Richardson, TX.
      500 Centennial Blvd, Richardson, TX 75081
      View Details
    • Contact for pricing

      Courtyard Dallas Richardson Hotel

      Prime Richardson Hotel Investment Opportunity
      1000 Sherman St, Richardson, TX 75081
      View Details

    Similar Nearby for Lease

    • $15 SF/Yr
      28,559 SF

      Commerce Service Center: Dallas Flex Space

      Dallas industrial flex space for lease; multiple units available.
      1100-1198 Commerce Dr, Richardson, TX 75081
      View Details
    • Contact for pricing
      111,433 SF

      Plano Crossing: Prime Flex Space

      Multiple warehouse/flex units available in Plano, TX
      1501 Placid&1004 Ave, Richardson, TX 75081
      View Details
    • Contact for pricing
      22 SF

      Adaptable Flex Warehouse Space

      Versatile flex warehouse in prime Richardson business hub.
      777-797 N Grove Rd, Richardson, TX 75081
      View Details
    • Contact for pricing
      67,867 SF

      Richardson Flex Warehouse Space

      Modern Flex Space, 1744 SF Available
      1778 Plano Rd, Richardson, TX 75081
      View Details
    • Contact for pricing
      81,519 SF

      Versatile Flex Warehouse Spaces

      Adaptable flex warehouse spaces in a prime business hub.
      1751 International Pkwy, Richardson, TX 75081
      View Details
    • Contact for pricing
      14,669 SF

      Richardson Warehouse Space Available

      14,669 SF warehouse space for lease in Richardson, TX.
      675 N Glenville Dr, Richardson, TX 75081
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    620 Interurban St
    Richardson, TX 75081-3317
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.