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Property profile & analytics
FOR LEASE
Grocery and convenience stores
819 W Arapaho Rd Richardson, TX 75080
Entity Owned
Absentee Owner
Free & Clear
Property ID
US82-3214353
For Lease
1 / 4
Contact for pricing
819 W Arapaho Rd, Richardson, TX 75080
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Property profile
Verified
Property type
Grocery and convenience stores
Use group
GROCERY, SUPERMARKET
Year built
1961
Construction
TILT-UP CONCRETE
Total area
46,478 SF
Lot
8.79 ac (382,849 SF)
APN
421535208313A0000
UPID
US82-3214353
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
-
D.Jackson / Grout Specialist General Contractor Renovation Specialist
-
Papa John's Pizza Restaurant
-
Anytime Fitness Gym & Fitness Center
-
Gracie Gym Brazilian Jiu-Jitsu Training Center Sports School
-
Peak Physical Therapy Medical Clinic
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$4.53M
Blend (final)
Blend
$4.81M
Owner & transaction history
WASA PROPERTIES ARAPAHO VILLAG
WASA PROPERTIES ARAPAHO VILLAG
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$7.6M
+143.0%
Auto repair, garage
$5.5M
+74.4%
Restaurant
$5.2M
+65.8%
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
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RETAIL STORES
$3,135,000
Current use
MEDICAL BUILDING
$7,615,000
Change: +143% · Conversion: Difficult
AUTO REPAIR, GARAGE
$5,465,000
Change: +74% · Conversion: Difficult
RESTAURANT
$5,195,000
Change: +66% · Conversion: Easy
OFFICE BUILDING
$3,620,000
Change: +15% · Conversion: Easy
COMMERCIAL (GENERAL)
$3,485,000
Change: +11% · Conversion: Easy
Blend value · Realmo final
$4.81M
Range $4.33M – $5.29M · ±10%
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$103 / SF
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
$203,561
Tax year 2023
Assessed value
$9,050,000
Assessed 2023
Previous assessed
$9,050,000
+0.0% YoY
Effective rate
2.25%
On assessed value
Assessed land
$3,062,900
Assessed improvement
$5,987,100
Land market value
$3,062,900
Improvement market value
$5,987,100
Total market value
$9,050,000
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
Grocery and convenience stores
Use group
GROCERY, SUPERMARKET
Status
For Lease
Year built
1961
Construction
TILT-UP CONCRETE
Heating
CENTRAL
Cooling
CENTRAL
Buildings
6
Stories
2
Total area
46,478 SF
Lot
8.79 ac (382,849 SF)
APN
421535208313A0000
UPID
US82-3214353
Jurisdiction
DALLAS
Metro division
DALLAS-PLANO-IRVING, TX METROPOLITAN DIVISION
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
RETAIL STORES Current
Est. value
$3.1M
MEDICAL BUILDING
Est. value
$7.6M
AUTO REPAIR, GARAGE
Est. value
$5.5M
RESTAURANT
Est. value
$5.2M
OFFICE BUILDING
Est. value
$3.6M
COMMERCIAL (GENERAL)
Est. value
$3.5M
RETAIL STORES Current
MEDICAL BUILDING
AUTO REPAIR, GARAGE
RESTAURANT
OFFICE BUILDING
COMMERCIAL (GENERAL)
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1961
Construction
TILT-UP CONCRETE
Heating
CENTRAL
Cooling
Yes
Stories
2
Buildings
6
Lot
8.79 ac
Current owner
From public records · entity-resolved
WASA PROPERTIES ARAPAHO VILLAG
Individual
Free & Clear · 0 yrs held
Mailing address
3512 QUENTIN RD STE #200, BROOKLYN, NY 11234-4245
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
—
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
No recorded transactions
No recorded transactions found for this property.
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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