3000 Kellway Cir, Addison, TX 75001
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.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.