Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    1 Commercial Dr Addison, TX 75001

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Sale
    Contact for pricing

    Prime commercial land in Addison, Texas, with high traffic visibility.

    Type:Land
    Lot size:
    1.35 Acres
    Added:
    Aug 12, 2024
    Days on Market:
    616
    Last Refresh:
    Mar 17 at 1:26 pm

    Property Features for 1 Commercial Dr

    General Information

    Standard status
    Active
    Lot size
    1.35 Acres
    Property subtype
    Land

    We can help!

    Listing Contact
    Chris Young

    Listing agent Chris Young License #TX 0565999

    Listing office Range Realty Advisors LLC

    Listing date Aug 12, 2024

    Source Crexi

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    All listing content including descriptions, pricing, images are the copyrighted material of Range Realty Advisors LLC

    Overview

    Addison Commercial Development Opportunity

    Located in Addison, Texas, this property offers a commercial development opportunity. The property includes two tracts: Tract A with approximately 10.71 acres and Tract B with approximately 10.64 acres, situated in the Belt Line Road District. Zoned for commercial use, the site is suitable for various business ventures. The location benefits from high traffic visibility, with an average daily traffic count of approximately 30,000 vehicles on Belt Line Road and 37,000 on Marsh Lane. The property is located within the Dallas Independent School District and has access to essential utilities. Addison is known for its nightlife, dining options, and community events. This development site in Addison may appeal to investors looking to capitalize on the area's market.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Dental Office Spa & Massage Center Big Box & Wholesale Store Auto Repair Shop Hair Salon Auto Parts Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Addison
    County
    Dallas
    State
    Texas
    Longitude
    -96.8358
    Latitude
    32.9822

    Nearby Similar for Sale

    • $3,900,000

      Addison Restaurant Business For Sale

      Restaurant business for sale in Addison, Texas.
      15375 Addison Road, Addison, TX 75001
      View Details
    • $2,400,000
      11,038 SF

      Addison Office/Warehouse For Sale

      11,038 SF office/warehouse on 0.76 acres in Addison, TX.
      4393 Sunbelt Dr, Addison, TX 75001
      View Details
    • $2,500,000

      Historic Victorian Commercial Building in Addison

      Refurbished Victorian commercial property near Addison Airport and DART station.
      4823 Broadway Street, Addison, TX 75001
      View Details
    • $8,900,000
      21,272 SF

      Addison Hangar and Office Space

      21,272 SF hangar and office space on 1.14 acres.
      15800 Dooley Rd, Addison, TX
      View Details
    • $1,500,000

      Addison Land For Sale

      Land available in Addison, Texas.
      15504 Midway Road, Addison, TX 75001
      View Details
    • $1,500,000

      Addison Land For Sale

      Land available for sale in Addison, Texas.
      15504 Midway Road, Addison, TX 75001
      View Details
    • Contact for pricing
      1 SF

      Addison Commercial Land for Sale

      One-acre commercial land parcel at signalized intersection in Addison, Texas.
      15109 Surveyor Blvd | Addison, TX 75001, TX 75001
      View Details
    • Contact for pricing
      3,171 SF

      Addison Retail Space Available

      Retail space for sale in Addison, Texas.
      15120 Marsh Lane, Addison, TX 75001
      View Details
    • $1,199,000
      6,446 SF

      Renovated Office Space For Sale

      6,446 SF office space in a desirable Dallas location.
      17768 Preston Rd, Addison, TX
      View Details
    • Contact for pricing

      Bent Tree II Office Condos

      Office condos at Bent Tree II on Dallas Parkway.
      16479 Dallas Pkwy, Addison, TX 75001
      View Details
    • $8,900,000
      21,272 SF

      Addison Airport Hangar Opportunity

      Exclusive hangar opportunity at Addison Airport with runway access.
      15800 Dooley Rd, Addison, TX 75001
      View Details
    • $2,787,707

      Addison Live/Work Opportunity

      Two commercial units suitable for live/work or retail.
      4821 Broadway Street, Addison, TX 75001
      View Details

    FAQs

    What type of property is this?
    Commercial land - Prime commercial land in Addison, Texas, with high traffic visibility.
    Where is this commercial land located?
    The property is located at 1 Commercial Dr Addison, TX.
    What are key features of this property?
    This property features: Prime commercial development opportunity in Addison, Texas.; High traffic visibility: approximately 30,000 vehicles daily on Belt Line Rd and 37,000 on Marsh Ln.; Two tracts of land totaling ±1.35 acres (TRACT A: ±0.71 & TRACT B: ±0.64).
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Chris Young
    Real Estate License ID: TX 0565999
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!