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Property profile & analytics
FOR SALE
Office buildings
901 Waterfall Way Richardson, TX 75080
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US82-0786448
For Sale
1 / 3
$1,749,000
901 Waterfall Way, Richardson, TX 75080
View Listing →
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1982
Construction
TILT-UP CONCRETE
Total area
11,472 SF
Lot
0.79 ac (34,412 SF)
Zoning code
Z31
APN
42098400010070000
UPID
US82-0786448
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
-
Suncase Corporation Government Office
-
Rischs Heater Repairs Big Box & Wholesale Store (Bike/Boat/Book/etc) Store
-
International Association of Electrical Inspectors Electrical Service General Contractor
-
QBA Consulting Corporation Insurance Agency
-
Waterfall Academy Training Center Tutoring Service
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$460k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$671k
Blend (final)
Blend
$565k
Owner & transaction history
Cucuy Properties LLC · 2 yrs held
Cucuy Properties LLC
since 2024
7 recorded transactions
Zoning & alternative use
Z31 · Richardson, TX
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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
$460,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
OFFICE BUILDING
$895,000
Current use
COMMERCIAL (GENERAL)
$860,000
Change: -4% · Conversion: Easy
RETAIL STORES
$775,000
Change: -13% · Conversion: Moderate
Blend value · Realmo final
$565k
Range $509k – $622k · ±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
$49 / 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
$25,954
Tax year 2023
Assessed value
$1,153,860
Assessed 2023
Previous assessed
$1,153,860
+0.0% YoY
Effective rate
2.25%
On assessed value
Assessed land
$137,650
Assessed improvement
$1,016,210
Land market value
$137,650
Improvement market value
$1,016,210
Total market value
$1,153,860
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
Office buildings
Use group
OFFICE BUILDING
Status
For Sale
Year built
1982
Construction
TILT-UP CONCRETE
Heating
CENTRAL
Cooling
CENTRAL
Stories
2
Total area
11,472 SF
Lot
0.79 ac (34,412 SF)
Zoning code
Z31
APN
42098400010070000
UPID
US82-0786448
Jurisdiction
DALLAS
Metro division
DALLAS-PLANO-IRVING, TX METROPOLITAN DIVISION
Zoning & alternative use
Z31 · Richardson, TX
Zoning Z31 · permitted uses
Z31 · Richardson, TX
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Richardson. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING Current
Est. value
$895,000
COMMERCIAL (GENERAL)
Est. value
$860,000
RETAIL STORES
Est. value
$775,000
OFFICE BUILDING Current
COMMERCIAL (GENERAL)
RETAIL STORES
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
1982
Construction
TILT-UP CONCRETE
Heating
CENTRAL
Cooling
Yes
Stories
2
Lot
0.79 ac
Current owner
From public records · entity-resolved
Cucuy Properties LLC
Entity
Mailing address
901 WATERFALL WAY STE #701, RICHARDSON, TX 75080-7703
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
23 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 18, 2024
—
Cucuy Properties LLC
901 Waterfall Way Ste 701 LLC
Special Warranty Deed
$850,000 · 901 Waterfall Way Ste 701 LLC
Apr 19, 2022
—
901 Waterfall Way Ste 701 LLC
Ammon & Rizos INC
Deed
$500,000 · Frost Bank
Jan 5, 2022
—
Ammon & Rizos INC
David Grant Rizos
Venders Lien
$150,000 · David Rizos
Aug 20, 2020
—
901 Waterfall Way Ste 701 LLC
Richard A Rizos
Grant Deed
—
Jul 8, 2019
—
Djk Home Healthcare LLC
St Stephens Anglican Catholic
Warranty Deed
related
—
May 30, 2019
—
Waterfall Al Cenetr LLC
—
Deed
related
$650,000 · Zb NA
Oct 2, 2017
—
Swrc Holdings LLC
Sweitzer,alan & Leah
Grant Deed
related
—
May 1, 2017
—
Alan Sweitzer
St Stephens Anglican Catholic
Warranty Deed
related
—
Aug 23, 2016
—
David G Rizos
—
Deed
related
$600,000 · Comerica Bk
Jul 14, 2016
—
5th One Investments LLC
Squire Properties LLC
Deed
$480,000 · Jpmorgan Chase Bank NA
Dec 26, 2007
—
Michael J Rizos
Rizos,john P & Marlys M
Quit Claim Deed
$176,000 · John P & Marlys M Rizos
—
—
Richard A Rizos
—
Loan Modification
related
$100,000 · Inwood Nat'l Bk
—
—
Michael J Rizos
—
Deed Of Trust
related
$152,000 · John P & Marlys M Rizos
—
—
Richard A Rizos
—
Deed Of Trust
related
$152,000 · John P & Marlys M Rizos
—
—
Squire Properties LLC
—
Deed Of Trust
related
$90,000 · Mutual Of Omaha Bank
—
—
Charles L Wright
—
Deed Of Trust
related
$29,000 · State Bank & Trust Co Dallas
—
—
Peter N Rogers
—
Deed Of Trust
related
$180,000 · Wells Fargo Bank
—
—
David G Rizos
—
Deed Of Trust
related
$500,000 · Comerica Bk
—
—
David G Rizos
—
Deed Of Trust
related
$600,000 · Comerica Bk
—
—
David G Rizos
—
Deed Of Trust
related
$152,000 · John P & Marlys Rizos
—
—
Michael J Rizos
—
Deed Of Trust
related
$100,000 · Inwood National Bank
—
—
Ammon & Rizos Co
—
Deed Of Trust
related
$100,000 · Inwood National Bank
—
—
Michael J Rizos
—
Loan Modification
related
$150,000 · Inwood Nat'l Bk
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.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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