Historic Office Building with Vault
4803 Broadway Street Addison, TX 75001
New
4803 Broadway Street, Addison, TX, 75001
$1,100,000
For Sale
$1,100,000
Former bank conversion with private offices, conference space, open work areas, and a vault lounge with custom bar.
Property Size3,000 SF
Price / SF$366.67
Days on Market2
Property Features for 4803 Broadway Street
General Information
- Standard status
- Active
- Size
- 3,000 SF
- Property subtype
- Commercial
Building Details
- Year Built
- 1913
Listing agency
Sheetz Realty Advisors, LLC
(214) 668-4549
Listed by
Sebastian Sheetz
(214) 668-4549
Source
Cornerstonehomeandranch
Added: Jul 20 Updated: Jul 21 at 7:27AM Checked: Jul 21 at 7:27AM
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 Sheetz Realty Advisors, LLC
Investment Insights
Based on property information with market context.
This approximately 3,000 SF former bank building has been reimagined as a modern office headquarters while retaining its historic character. The flexible interior layout includes private offices, conference space, open work areas, and the original bank vault, which has been transformed into an executive lounge featuring a custom bar.
A professional-grade golf simulator is installed and may be negotiated with the sale. The property is described in the remarks as offering convenient parking and walkability to nearby restaurants, retail, and entertainment in Addison.
A professional-grade golf simulator is installed and may be negotiated with the sale. The property is described in the remarks as offering convenient parking and walkability to nearby restaurants, retail, and entertainment in Addison.
Key Highlights
- 1913 historic downtown building formerly a bank, converted to approximately 3,000 SF of executive office space
- Flexible layout includes private offices, conference space, and open work areas
- Original bank vault converted into an executive lounge with a custom bar
Local Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $75.6k | $25.20 |
| − Vacancy | −$18.9k | −$6.30 |
| EGI | $56.7k | $18.90 |
| − OpEx | −$14.2k | −$4.73 |
| NOI | $42.5k | $14.17 |
3,000 SF · lease $25.20/SF/yr · vacancy 25.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$607.5K
$531.6K – $708.8K
NOI $42,525 @ 7.0% cap · market cap 3.87%
Second Best
—
—
no second resolved use
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 local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Office buildings
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FAQs
What type of property is this?
Office building - Former bank conversion with private offices, conference space, open work areas, and a vault lounge with custom bar.
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: 1913 historic downtown building formerly a bank, converted to approximately 3,000 SF of executive office space; Flexible layout includes private offices, conference space, and open work areas; Original bank vault converted into an executive lounge with a custom bar
