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    OFF-MARKET
    Industrial properties

    3000 Kellway Cir, Addison, TX 75001

    106,073 SF 10.73 ac lot Built 1999
    Property ID
    Property summary
    AI-generated overview

    This exceptional 106,073-square-foot flex space property, located at 3000 Kellway Cir in Addison, Texas (zip code 75001), presents a compelling investment opportunity. Built in 1999, this single-story building sits on a 10.732-acre lot and offers ample parking with 743 spaces. Currently, 55% of the space is leased to two tenants, providing established revenue streams and an average lease term of approximately 4.5 years. The property benefits from lower operating expenses due to the limited common areas. Leases are structured on a triple-net (NNN) basis. The remaining vacant space offers unique advantages, including dedicated HVAC systems, direct accessibility, and a lower level of social interaction compared to traditional office buildings. This makes it ideal for tenants seeking efficient, private workspace. The property's location in Dallas County, Texas, provides excellent access to major transportation routes and a thriving business community. This presents significant upside potential for future growth and profitability.

    Property profile
    Verified
    Property type Industrial properties
    Year built 1999
    Total area 106,073 SF
    Lot 10.73 ac (467,486 SF)
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Value estimations
    Realmo proprietary · 4 methods
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    Owner & transaction history
    Owner on record
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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