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    644 Brick Row Dr Richardson, TX 75081-4940
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    Property profile & analytics

    644 Brick Row Dr, Richardson, TX 75081-4940

    View on Map
    • Apartment buildings
    • 56,595 SF
    • 1.31 lot acres
    Off-Market
    Property ID
    US82-5451246
    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
    $1,210,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Leo's Pool Services / General Contractor
    • McKamy Springs / Tour Operator
    • The Springs (Brick Row) / Apartment Building

    Property Details for 644 Brick Row Dr

    Year built
    2009
    Construction
    FRAME
    Lot size
    1.31 lot acres
    Zone code
    Z236
    Property type
    Apartment buildings
    APN
    421046500N01B0000
    APU
    421046500N01B0000

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Jul 2, 2012 — Brick Row Apartments LLC Centennial Park Richardson Ltd Trustees Deed $38M · Miscellaneous Ins Co
    Feb 10, 2012 — Centennial Park Richardson Ltd — Deed Of Trust · related $39.9M · Branch Banking & Trust Co
    Jun 15, 2007 — Centennial Pk Richardson Owner Name Unavailable Grant Deed · related $10.2M · Private Individual
    — — Brick Row Apartments LLC — Deed Of Trust · related $2M · Prudential Insurance Co Americ

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $1,020,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $1,404,000
      Market price range: $209k - $2.10M

    • Alternative Use

      Use
      Estimation
      APARTMENT HOUSE (5+ UNITS)
      $1,360,000
      Current use

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

    Location Insight

    • Map
    • Local Demand
    City
    Richardson
    County
    Dallas
    State
    Texas
    Longitude
    -96.7359
    Latitude
    32.9425
    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
    $181,659
    $256,780
    $7,819,480
    $8,076,260
    -
    $256,780
    $7,819,480
    $8,076,260

    Comparable in this City

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      $1,750,000
      120,566 SF

      188 Plano Rd

      APARTMENT HOUSE (5+ UNITS)
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    • Value Estimation
      $595,000
      21,954 SF

      330 Polk St

      APARTMENT HOUSE (5+ UNITS)
      330 Polk St, Richardson, TX 75081-4185
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    • Value Estimation
      $6,970,000
      388,795 SF

      2000 Arapaho Rd

      APARTMENT HOUSE (5+ UNITS)
      2000 Arapaho Rd, Richardson, TX 75081-3180
      View Details
    • Value Estimation
      $525,000
      18,446 SF

      117 Bowser Rd

      APARTMENT HOUSE (5+ UNITS)
      117 Bowser Rd, Richardson, TX 75081-6424
      View Details
    • Value Estimation
      $4,120,000
      198,044 SF

      743 Brick Row Dr

      APARTMENT HOUSE (5+ UNITS)
      743 Brick Row Dr, Richardson, TX 75081-4947
      View Details
    • Value Estimation
      $1,765,000
      68,512 SF

      151 Brick Row Dr

      APARTMENT HOUSE (5+ UNITS)
      151 Brick Row Dr, Richardson, TX 75081-5083
      View Details

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      $620,000
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      Richardson Freestanding Flex/Industrial Building

      Freestanding flex/industrial building near 75 Central Expressway in Richardson, TX.
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      Land For Sale

      Land available for sale in Richardson, Texas.
      Nwc - Arapaho Rd. & Plano Rd, Richardson, TX 75081
      View Details

    Similar Nearby for Lease

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      2,200 SF

      Mixed-Use Development Near DART Station

      Mixed-use property with retail and multifamily units near transportation.
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      Richardson Specialty Property For Rent

      81,519 square foot specialty property available for rent.
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      Richardson Office Building For Rent

      Six-story office building in Richardson, Texas, near Highway 75.
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      Richardson Specialty Property for Lease

      35,540 sqft specialty property available for lease in Richardson.
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      Office space for lease in a mixed-use development.
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      View Details
    • Contact for pricing
      24,156 SF

      Richardson Office Space For Rent

      Office space available in Richardson, Texas with ample parking.
      1703 N Plano Rd, Richardson, TX 75081
      View Details
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    Richardson, TX 75081-4940
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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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