Property profile

850 Arapaho Rd Richardson, TX 75081

FOR LEASE
Banks
Property ID
US82-4489383
7,750 SF 1.83 ac lot Built 1992
Entity Owned 4-yr Hold Free & Clear
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Property summary

AI-generated overview

This exceptional warehouse space at Arapaho Place in Dallas County offers a prime opportunity for businesses seeking flexible industrial space. The property is a multi-tenant building with a total of 6,740 square feet, currently entirely vacant and available for lease. Units can be leased individually, with a minimum divisible space of 2,738 square feet and a maximum contiguous space of 4,002 square feet, providing options to suit various operational needs. The warehouse boasts a generous 14-foot ceiling height, offering ample vertical space for storage and operations. The property's location in Dallas County provides excellent access to major transportation routes, facilitating efficient logistics and distribution. This is an ideal space for businesses requiring a functional and adaptable warehouse solution in a strategic location. The entire 6,740 square feet is available for immediate occupancy, presenting a rare opportunity to secure a substantial and well-appointed warehouse space in a thriving Dallas County market. Interested parties are encouraged to inquire promptly to secure this exceptional property. The property is classified as industrial and specifically as a warehouse. The tenancy is multiple, allowing for flexibility in lease terms and space allocation.

Property profile

Verified
Property type Banks
Use group FINANCIAL BUILDING
Year built 1992
Construction FRAME
Total area 7,750 SF
Lot 1.83 ac (79,584 SF)
Zoning code Z137
APN 42153481280300000
UPID US82-4489383

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
  • Loan Service Bank
  • Bank Loan Service
  • Printing Service (Bike/Boat/Book/etc) Store
  • Atm
  • Hardware & Home Improvement

Location

850 Arapaho Rd Richardson, TX 75081
Richardson metro Census 19216 DALLAS-FORT WORTH-ARLINGTON, TX METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$550k
CAP Approach CAP
by Request
Comparable Approach Comparable
$853k
Blend (final) Blend
$705k

Owner & transaction history

since 2022
1 recorded transaction
2022
Price N/A

Zoning & alternative use

Z137 · Richardson, TX
Top alternative use upside
Auto repair, garage $910,000 +17.7%
Restaurant $865,000 +11.9%

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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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