Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Sold
    • Property Lookup
    • Brokers
    4260-4290 Kellway Cir Addison, TX 75001

    Property Lookup

    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    4260-4290 Kellway Cir Addison, TX 75001

    View on Map
    • Warehouses
    • 24,898 SF
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Warehouses

    Property Details for 4260-4290 Kellway Cir

    Property size
    24,898 SF
    Property type
    Warehouses
    Property subtype
    Industrial properties

    Description

    This exceptional industrial property, Kellway Business Center, offers 24,898 square feet of versatile flex space, perfectly suited for a variety of businesses. The property is classified as Class C and boasts a convenient location in the Dallas Metropolitan submarket, near the intersection of Midway Road and Keller Springs Road, with easy access to the Dallas North Tollway. The two-building complex features a flexible layout, allowing for units ranging from a minimum of 1,625 square feet to a maximum contiguous space of 3,255 square feet. Currently, 4,880 square feet of space is available. The property offers both front and rear loading capabilities, with grade-level loading docks for efficient operations. The site encompasses 2.36 acres and provides approximately 2.79 parking spaces. This high-quality flex project presents a unique opportunity for businesses seeking a strategic location with excellent accessibility and functional design within the thriving Dallas market. The multiple tenancy structure allows for flexibility in lease terms and space requirements. This is an ideal solution for distribution, warehousing, or light manufacturing needs.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Addison
    County
    Dallas
    State
    Texas
    Longitude
    -96.841
    Latitude
    32.9712

    Comparable in this City

    • Value Estimation by Request
      51,797 SF

      3704-3732 Arapaho Rd

      Distribution properties • 51,797 SF
      3704-3732 Arapaho Rd, Addison, TX 75001
      View Details
    • Value Estimation by Request
      94,650 SF

      15201-15207 Midway Rd

      Distribution properties • 94,650 SF
      15201-15207 Midway Rd, Addison, TX 75001
      View Details
    • Value Estimation by Request
      31,940 SF

      15101-15107 Surveyor Blvd

      Distribution properties • 31,940 SF
      15101-15107 Surveyor Blvd, Addison, TX 75001
      View Details
    • Value Estimation
      $3,730,000
      265,902 SF

      4040 Lindbergh Dr

      DISTRIBUTION WAREHOUSE • 265,902 SF
      4040 Lindbergh Dr, Addison, TX 75001-4342
      View Details
    • Value Estimation
      $1,620,000
      61,406 SF

      4901 Airport Pkwy

      DISTRIBUTION WAREHOUSE • 61,406 SF
      4901 Airport Pkwy, Addison, TX 75001-3317
      View Details
    • Value Estimation by Request
      66,634 SF

      15900-15960 Midway Rd

      Flex space • 66,634 SF
      15900-15960 Midway Rd, Addison, TX 75001
      View Details

    Similar Nearby for Sale

    • $2,400,000

      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
    • $3,500,000

      High-Profile NNN Pad Sites

      NNN leased pad sites at Cedar Hill Crossing Mall.
      145 West Fm 1381, Cedar Hill, TX 75001
      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
    • Contact for pricing
      21,272 SF

      Addison Airport Hangar Opportunity

      Exclusive hangar opportunity at Addison Airport with runway access.
      15800 Dooley Rd, Addison, TX 75001
      View Details
    • Contact for pricing

      Addison Land Tracts Available

      Two land tracts available in Addison, Texas.
      16 Sugar Tree Way, Addison, TX 75001
      View Details
    • $2,787,707

      Addison Live/Work Opportunity

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

    Similar Nearby for Lease

    • Contact for pricing
      21,540 SF

      North Dallas Industrial Space Available

      Class A industrial space available in North Dallas.
      16675 Addison Rd, Addison, TX 75001
      View Details
    • Contact for pricing

      Addison Warehouse with Dock Doors

      15,000 SF warehouse with dock and grade doors.
      4125 Billy Mitchell Dr, Addison, TX 75001
      View Details
    • Contact for pricing
      493 SF

      Addison Flex-Use Commercial Building

      Flex-use building with office and warehouse space in Addison, TX.
      4851 Keller Springs Rd, Addison, TX 75001
      View Details
    • $19 SF/Yr

      Addison Flex Space For Lease

      Flex space featuring office and warehouse components in Addison, Texas.
      4393 Sunbelt Dr, Addison, TX 75001
      View Details
    • Contact for pricing

      Addison Commercial Center Flex Space

      Flex space near Addison Airport with modern amenities.
      16650 Westgrove Dr, Addison, TX 75001
      View Details
    • Contact for pricing

      Addison Flex Property For Rent

      Two-building flex property with office/warehouse space and grade-level loading.
      4260-4290 Kellway Cir, Addison, TX 75001
      View Details
    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.
    4260-4290 Kellway Cir
    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
    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

    Thank You for Inquiry

    4260-4290 Kellway Cir, Addison, TX, 75001

    letter with green check mark
    Check your email

    We sent you the

    agent's contact details. yellow underline

    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!