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    Property profile & analytics

    Downtown Dallas Addison, TX 75001

    • Apartment buildings
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Apartment buildings

    Property Details for 0 Downtown Dallas

    Property type
    Apartment buildings

    Description

    This exceptional investment opportunity presents a portfolio of apartment buildings located in the heart of Downtown Dallas, Texas (zip code 75001). The asking price for this multifamily property is $10,000,000. Seller financing is available with a 15-year term at a 1% interest rate, requiring a minimum 58% down payment. This offering presents a chance to acquire a stable, income-producing asset with projected annual returns of 15% or more. The property is currently off-market and represents a rare opportunity for savvy investors seeking significant returns. The portfolio's value ranges from $10,000,000 to $100,000,000, offering a scalable investment opportunity. This is a hands-on or passive income opportunity, allowing investors to choose their level of involvement. The seller is motivated and seeking a quick sale. Serious cash offers are encouraged. This is a unique chance to acquire a high-value commercial real estate asset with substantial potential for long-term growth and profitability. The property is classified as an apartment building and is situated in Dallas County. The seller is retiring and looking to pass on this portfolio to motivated investors. This is a portfolio of assets located throughout the USA.

    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
    -96.8297
    Latitude
    32.9655

    Comparable in this City

    • Value Estimation
      $1,145,000
      313,316 SF

      15779 Quorum Dr

      APARTMENT HOUSE (5+ UNITS) • 313,316 SF
      15779 Quorum Dr, Addison, TX 75001
      View Details
    • Value Estimation
      $780,000
      148,404 SF

      15777 Quorum Dr

      APARTMENT HOUSE (5+ UNITS) • 148,404 SF
      15777 Quorum Dr, Addison, TX 75001-3474
      View Details
    • Value Estimation
      $715,000
      163,700 SF

      3925 Vitruvian Way

      APARTMENT HOUSE (5+ UNITS) • 163,700 SF
      3925 Vitruvian Way, Addison, TX 75001-4023
      View Details
    • Value Estimation
      $785,000
      205,074 SF

      16951 Addison Rd

      APARTMENT HOUSE (5+ UNITS) • 205,074 SF
      16951 Addison Rd, Addison, TX 75001-5102
      View Details
    • Value Estimation
      $1,135,000
      207,772 SF

      14700 Marsh Ln

      APARTMENT HOUSE (5+ UNITS) • 207,772 SF
      14700 Marsh Ln, Addison, TX 75001-5500
      View Details
    • Value Estimation
      $830,000
      182,877 SF

      16300 Ledgemont Ln

      APARTMENT HOUSE (5+ UNITS) • 182,877 SF
      16300 Ledgemont Ln, Addison, TX 75001-5998
      View Details

    Similar Nearby for Sale

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      Addison Land Tracts Available

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    Similar Nearby for Lease

    • Contact for pricing
      1,138 SF

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      Addison Mixed-Use Property For Rent

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      Mixed-Use Property in Addison Circle

      Mixed-use property with office, retail, and apartment tenants.
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      4,989 SF

      Office Space in Addison, Texas

      4989 SF office space available for lease in Addison.
      5055 Keller Springs Rd, Addison, TX 75001
      View Details
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    Downtown Dallas
    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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