Historic Office Building with Bank
For Sale
$1,100,000
Pending
4803 Broadway Street, Addison, TX 75001
CommercialSale, Addison, TX
Property Size3,000 SF
Lot Size0.06 Acres
Days on Market74
Property Features for 4803 Broadway Street
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning description
Planned Development. Can be used for a variety of uses such as office, flex, medical, beauty. Addison will not allow a restaurant however.
Parking features
Open, Garage, Assigned, Driveway, On Street
Security features
Security
Fireplace
1
Subdivision
Orig Town Add
Lot features
Historic District
Directions
NE corner of Addison Rd and Lindberg - Broadway in Addison Texas. Just south of the Addison Airport.
Standard status
Pending
APN
10000909333000000
Lot size
0.06 Acres
Taxes and HOA fees
Tax Description
ORIG TOWN ADDISON BLK A LT 5
Tax Annual Amount
13136
Legal Description
ORIG TOWN ADDISON BLK A LT 5
Utilities
Sewer type
Public Sewer
Heating system
Central, Fireplace(s)
Cooling system
Central Air
Water source
Public
Building Details
Year built
1913
Floors in Building
2
Number of units
1
Flooring type
Carpet, Wood, Concrete, Tile
Building materials
Brick
Roof type
Asphalt
Listing Agency:
Sheetz Realty Advisors, LLC
Listed By:
Sebastian Sheetz
(214) 668-4549
Added: Jul 17
Changed: Sep 15
Last Checked: Sep 28 at 11:06AM
MLS# 21332905
Copyright © 2026 North Texas Real Estate Information Systems, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
Built in 1913, this approximately 3,000-square-foot office building occupies a 0.057-acre site at 4803 Broadway Street in Addison. The interior combines private offices, conference space, open work areas, and the original bank vault, which has been adapted into an executive lounge with a custom bar. Concrete, tile, wood, and carpet flooring support the finished office environment, while central heating and central air provide building systems for year-round use. A fireplace is also present.
The property includes assigned, on-street, open, garage, and driveway parking options. Brick construction, an asphalt roof, public water, and public sewer complete the primary physical characteristics. A professional-grade golf simulator is installed and may be negotiated with the sale.
The property includes assigned, on-street, open, garage, and driveway parking options. Brick construction, an asphalt roof, public water, and public sewer complete the primary physical characteristics. A professional-grade golf simulator is installed and may be negotiated with the sale.
Key Highlights
- Approximately 3,000 SF office building on a 0.057‑acre site
- Built in 1913 with brick construction and an asphalt roof
- Original bank vault converted into an executive lounge with custom bar
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$49,795
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
4.53%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$995,900
$995.9K
Cap Rate 7%
$711,357
$711.4K
Cap Rate 9%
$553,278
$553.3K
Market Conditions
NOI Build-Up for 3,000 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$74.9K $24.96/SF
− Vacancy
−$3.7K −$1.25/SF
EGI
$71.1K $23.71/SF
− OpEx
−$21.3K −$7.11/SF
NOI
$49.8K $16.60/SF
Area
Dallas County, TX
Vacancy
5.00%
Lease Rate
$24.96 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$995,900
Cap Rate 7%
$711,357
Cap Rate 9%
$553,278
Alternative Uses
Best Use
Retail
$711.4K
$622.4K – $829.9K
NOI $49,795 @ 7.0% cap · market cap 4.53%
Second Best
Office B
$607.5K
$531.6K – $708.8K
NOI $42,525 @ 7.0% cap · market cap 3.87%
Theoretical Best
Multifamily LT 5
$35.96M
$31.46M – $41.95M
NOI $2,517,196 @ 7.0% cap · market cap 228.84%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
3,843
Businesses Nearby
Explore this area
Business Placement
Demographics for 75001, TX
16,528
Population
10,590
Households
1.6
Avg Household Size
34
Median Age
61%
College-Educated
97%
High-School Grad
3.8 sq mi
ZIP Area
4,349
Density / Sq Mi
$82,577
Median Household Income
$55,977
Median Earnings
$1,717
Median Rent
$455,800
Median Home Value
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Market
Vacancy Rate% for Office in South region
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Frequently Asked Questions
What type of property is this?
Office building - Flexible commercial layout with private offices, conference space, open work areas, and a converted bank vault lounge.
Where is this office building located?
The property is located at 4803 Broadway Street Addison, TX.
What is the asking price?
The asking price for this property is $1,100,000.
What are key features of this property?
This property features: Approximately 3,000 SF office building on a 0.057‑acre site; Built in 1913 with brick construction and an asphalt roof; Original bank vault converted into an executive lounge with custom bar
