Sign Up Successful!
You now have access to more from Realmo!
    For Lease
    • 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

    15620-15690 Quorum Dr Addison, TX 75001

    Loading data...
    Loading data...
    Loading data...
    For Lease
    Contact for pricing

    Office, retail, and apartment spaces in high-traffic Addison area.

    Property size:
    1,138 SF
    Lot size:
    1.47 Acres

    Property Features for 15620-15690 Quorum Dr

    General Information

    Size
    1,138 SF
    Lot size
    1.47 Acres

    We can help!

    Listing Contact
    Ryan Lee
    Source: Moodyscre

    Listing Agent: Ryan Lee

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

    Learn more

    Overview

    Mixed-Use Property in Addison District

    This mixed-use property features a combination of office, retail, and apartment tenants. The property benefits from high traffic and is located in the Addison Events District. It includes 1,355 apartment units, along with garage and street retail parking. The property offers 1,138 square feet of space and presents a retail opportunity.
    Location Intelligence

    Current Use by Public Records

    Office space

    Suggested Use

    Restaurant Law Firm Real Estate Agency Dental Office Spa & Massage Center Hair Salon Food Market Nail Salon Grocery & Convenience Store Daycare Center

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

    Similar Places Nearby

    Amazon Returns, Prestonwood Place, Coin Cloud Bitcoin ATM, Quorum II, Village on the Parkway

    Location Insight

    • Map
    • Local Demand
    City
    Addison
    County
    Dallas
    State
    Texas
    Longitude
    -96.826035
    Latitude
    32.961958

    Nearby Similar for Lease

    • $14,000 /Mo
      33,193 SF

      Addison Office with Warehouse Space

      Sublease opportunity: finished office with air-conditioned warehouse and loading dock.
      4393 Sunbelt Dr, Addison, TX 75001
      View Details
    • $700 /Mo
      22,002 SF

      Addison Office Space For Rent

      Three-office suite with kitchenette near Addison Airport.
      4341 Lindbergh Dr, Addison, TX 75001
      View Details
    • $1,390 /Mo
      1,507 SF

      Addison Office Sublease Opportunity

      Sublease opportunity in The Atrium at Bent Tree.
      16775 Addison Rd, Addison, TX 75001
      View Details
    • $12 SF/Yr
      31,827 SF

      Addison Office Hangar - 31,827 SF

      Single-tenant office hangar in Addison, TX.
      15790 Dooley Rd, Addison, TX 75001
      View Details
    • Contact for pricing
      1,917 SF

      Retail Space in Kroger-Anchored Center

      Recently renovated retail space with high visibility and accessibility.
      6033-6037 Campbell Rd, Addison, TX
      View Details
    • Contact for pricing
      1,047 SF

      Kroger Anchored Retail Space

      Recently renovated retail space in a Kroger-anchored shopping center.
      17194 NE Preston Rd, Addison, TX
      View Details
    • Contact for pricing
      106,719 SF

      Addison Circle Retail Center

      Prime Addison Retail Space Available
      5040 Addison Cir, Addison, TX 75001
      View Details
    • Contact for pricing
      1,200 SF

      Addison Retail Space For Lease

      Retail spaces available in North Dallas anchored shopping center.
      3711-3725 Belt Line Rd, Addison, TX 75001
      View Details
    • Contact for pricing
      24,898 SF

      Kellway Business Center: Flex Space

      Dallas Metro flex space; ideal for distribution.
      4260-4290 Kellway Cir, Addison, TX 75001
      View Details
    • $17 SF/Yr
      175,012 SF

      Bent Tree Tower II Office Suites

      Upscale Addison Office Space, Tollway Views
      16479 Dallas Pkwy, Addison, TX 75001
      View Details
    • Contact for pricing
      2,975 SF

      Addison Grove Retail Space

      Prime Addison location, 2975 sq ft available.
      4150 Belt Line Rd, Addison, TX 75001
      View Details
    • $22 SF/Yr
      45,000 SF

      Beltline Road Retail Space Available

      High-traffic location, 1,450 sq ft storefront.
      4135 Belt Line Rd, Addison, TX 75001
      View Details

    FAQs

    What type of property is this?
    Shopping center - Office, retail, and apartment spaces in high-traffic Addison area.
    Where is this shopping center located?
    The property is located at 15620-15690 Quorum Dr Addison, TX.
    What are key features of this property?
    This property features: - High traffic retail opportunity; - Located in Addison Events District; - Excellent mixed-use property co-tenancy
    (214) 256-7100
    Request Owner's contact information
    15620-15690 Quorum Dr Addison, TX 75001
    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.
    15620-15690 Quorum Dr
    Addison, TX 75001
    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
    15620-15690 Quorum Dr Addison, TX 75001
    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

    We can help!
    Listing Contact
    Ryan Lee
    (214) 256-7100
    Learn more
    Google sign-in failed. Please try again or use another login method.