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    1 Commercial Dr Addison, TX 75001
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    1 Commercial Dr, Addison, TX 75001

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    • Land
    • 0.64 lot acres
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Land

    Property Details for 1 Commercial Dr

    Lot size
    0.64 lot acres
    Property type
    Land

    Description

    This exceptional commercial land offering in Addison, Texas, presents a unique investment opportunity. Comprising two tracts, approximately 0.71 acres and 0.64 acres respectively, this property is ideally situated within the BL Belt Line Road District. Boasting high visibility along Belt Line Road and Marsh Lane, with daily traffic counts averaging approximately 30,000 and 37,000 vehicles, respectively, this location ensures maximum exposure for any commercial venture. The property's zoning permits a wide range of commercial uses, providing flexibility for diverse business plans. Located within the Dallas Independent School District, the site benefits from convenient access to essential utilities. Addison's thriving atmosphere, characterized by a vibrant nightlife, diverse culinary scene, and active community, creates a highly desirable environment for businesses and residents alike. The area's robust economic indicators and growing population make this a compelling investment prospect for those seeking to capitalize on Addison's flourishing market. This is a rare chance to acquire a strategically positioned commercial land parcel in a highly sought-after Texas location.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Addison
    County
    Dallas
    State
    Texas
    Longitude
    -96.8498
    Latitude
    32.9531

    Comparable in this City

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      $1,145,000
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      4505 Excel Pkwy

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      4265 Kellway Cir

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      16,576 SF

      4501 Sunbelt Dr

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      Addison Land Tracts Available

      Two land tracts available in Addison, Texas.
      16 Sugar Tree Way, Addison, TX 75001
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      Addison Land For Sale

      Land available in Addison, Texas.
      15504 Midway Rd, Addison, TX 75001
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      Addison Land For Sale

      Land available for sale in Addison, Texas.
      15504 Midway Rd, Addison, TX 75001
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      Addison Commercial Land for Sale

      One-acre commercial land parcel at signalized intersection in Addison, Texas.
      15109 Surveyor Blvd, Addison, TX 75001
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      Addison Commercial Development Opportunity

      Prime commercial land in Addison, Texas, with high traffic visibility.
      1 Commercial Dr, Addison, TX 75001
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      Addison Industrial Land For Sale

      Industrial land with high visibility and great location in Addison.
      15109 Surveyor Blvd, Addison, TX 75001
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    Similar Nearby for Lease

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      Addison Land Available For Rent

      Land available for rent in Addison, Texas.
      15301 Spectrum Dr, Addison, TX 75001
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      Addison Land For Rent

      Land available for rent in Addison, Texas.
      14665 Midway Rd, Addison, TX 75001
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      Land For Rent in Addison

      Land available for rent at 4200 Lindbergh Dr, Addison, TX.
      4200 Lindbergh Dr, Addison, TX 75001
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      Addison Land For Rent

      Land available for rent in Addison, Texas.
      15301 Spectrum Dr, Addison, TX 75001
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      Addison Land Opportunity

      Land available for lease in Addison, Texas.
      14665 Midway Rd, Addison, TX 75001
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    • Contact for pricing

      Addison Land For Lease

      Land available for lease in Addison, Texas.
      15301 Spectrum Dr, Addison, TX 75001
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    Addison, TX 75001
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    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
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