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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    851 International Pkwy Richardson, TX 75081

    • Industrial properties
    • 59,010 SF
    • 4.01 lot acres
    For Lease
    View listing
    $15 SF/Yr
    Last Sale
    Dec 17, 2021
    Value Estimations
    $805,000
    Cap Rate Potential
    Location Intelligence
    Property ID
    US82-3400424
    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

    • Southwest Dispatch Center / Security Service
    • OneDigital Dallas / Insurance Agency
    • Wireless CCTV LLC / Industrial Manufacturer / Production Facility
    • Talent Solutions / Business Service Center / Employment Agency

    Property Details for 851 International Pkwy

    Year built
    1984
    Construction
    TILT-UP CONCRETE
    Lot size
    4.01 lot acres
    Property size
    59,010 SF
    Zone code
    Z109
    Property type
    Industrial properties
    APN
    42196790030020000
    APU
    42196790030020000

    Description

    Arapaho Place offers exceptional flex space for lease, totaling 41,863 square feet. This multi-tenant industrial property presents a unique opportunity for businesses seeking versatile and adaptable space. Two spaces are currently available, offering flexible options to suit various operational needs. The minimum divisible space is 8,204 square feet, while the maximum contiguous space available is 24,949 square feet. The entire building is currently vacant, providing a blank canvas for a new tenant or the opportunity to subdivide the space. The property boasts a functional design with a consistent 14-foot ceiling height throughout, providing ample vertical clearance for storage, equipment, or high-bay racking systems. Its industrial classification makes it suitable for a wide range of uses, from light manufacturing and warehousing to distribution and office/showroom combinations. The strategic location, while not specified here, offers easy access to key transportation routes and amenities, enhancing operational efficiency and employee convenience. This property is ideal for businesses seeking a modern, efficient, and adaptable workspace to support their growth and expansion. Contact us today to schedule a viewing and explore the possibilities of establishing your business at Arapaho Place.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $935,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $671,000
      Market price range: $672k - $1.54M

    • Alternative Use

      Use
      Estimation
      INDUSTRIAL (GENERAL)
      $1,120,000
      Current use

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

    Location Insight

    • Map
    • Local Demand
    City
    Richardson
    County
    Dallas
    State
    Texas
    Longitude
    -96.71
    Latitude
    32.9577
    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
    $38,463
    $1,047,220
    $662,780
    $1,710,000
    -
    $1,047,220
    $662,780
    $1,710,000

    Comparable in this City

    • Value Estimation by Request
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    • Value Estimation
      $1,930,000
      112,023 SF

      1215 Integrity Dr

      INDUSTRIAL (GENERAL) • 112,023 SF
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    • Value Estimation
      $1,565,000
      83,140 SF

      1501 Plano Rd

      INDUSTRIAL (GENERAL) • 83,140 SF
      1501 Plano Rd, Richardson, TX 75081-2492
      View Details
    • Value Estimation
      $675,000
      27,424 SF

      1302 Collins Blvd

      INDUSTRIAL (GENERAL) • 27,424 SF
      1302 Collins Blvd, Richardson, TX 75081-2403
      View Details
    • Value Estimation
      $1,450,000
      73,000 SF

      631 International Pkwy

      INDUSTRIAL (GENERAL) • 73,000 SF
      631 International Pkwy, Richardson, TX 75081-6618
      View Details
    • Value Estimation
      $1,180,000
      96,102 SF

      830 Arapaho Rd

      INDUSTRIAL (GENERAL) • 96,102 SF
      830 Arapaho Rd, Richardson, TX 75081-2241
      View Details

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      Two-Story Office Building For Sale

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    Similar Nearby for Lease

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      Industrial Space Available For Rent

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      Industrial property available for rent in Richardson, Texas.
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      Industrial Sublease Available

      Industrial property available for sublease through January 31, 2027.
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      View Details
    • Contact for pricing
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      Industrial Property for Rent

      Industrial property available for lease in Richardson, Texas.
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      View Details
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    Richardson, TX 75081
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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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