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Property profile & analytics
FOR LEASE
Office buildings
14665 Midway Rd Addison, TX 75001
Entity Owned
14-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US82-4741439
For Lease
1 / 6
$995,000
14665 Midway Rd, Addison, TX 75001
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Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1977
Construction
TILT-UP CONCRETE
Total area
56,318 SF
Lot
2.64 ac (115,129 SF)
Zoning code
Z137
APN
10000925603000000
UPID
US82-4741439
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
Current use
Occupant on record · Public records
-
Lynette Elliott ~ Becoming Elli Makers Tutoring Service
-
Farmers Insurance - James Reid Insurance Agency
-
Play Now Studios Media Distribution
-
Big Easy SEO - Addison Web Design, SEO, & Digital Marketing Company Marketing & Advertising (Bike/Boat/Book/etc) Store
-
Miracle Revival Center Church Mosque
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$985k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.00M
Blend (final)
Blend
$995k
Owner & transaction history
Midway Office Park LLC · 14 yrs held
Midway Office Park LLC
since 2011
5 recorded transactions
Zoning & alternative use
Z137 · Addison, TX
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Addison submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Addison submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
by Request
ML approach
$985,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$995k
Range $896k – $1.09M · ±10%
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$18 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$74,807
Tax year 2023
Assessed value
$3,449,090
Assessed 2023
Previous assessed
$3,449,090
+0.0% YoY
Effective rate
2.17%
On assessed value
Assessed land
$1,381,550
Assessed improvement
$2,067,540
Land market value
$1,381,550
Improvement market value
$2,067,540
Total market value
$3,449,090
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Office buildings
Use group
OFFICE BUILDING
Status
For Lease
Year built
1977
Construction
TILT-UP CONCRETE
Heating
CENTRAL
Cooling
CENTRAL
Stories
2
Total area
56,318 SF
Lot
2.64 ac (115,129 SF)
Zoning code
Z137
APN
10000925603000000
UPID
US82-4741439
Jurisdiction
DALLAS
Metro division
DALLAS-PLANO-IRVING, TX METROPOLITAN DIVISION
Zoning & alternative use
Z137 · Addison, TX
Zoning Z137 · permitted uses
Z137 · Addison, TX
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Addison. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1977
Construction
TILT-UP CONCRETE
Heating
CENTRAL
Cooling
Yes
Stories
2
Lot
2.64 ac
Current owner
From public records · entity-resolved
Midway Office Park LLC
Entity
Mailing address
11300 N CENTRAL EXPY STE #550, DALLAS, TX 75243-6766
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2011
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 8, 2025
—
14665 Midway LLC
—
Deed
related
$5,300,000 · Security National Bank Of Omaha
Dec 12, 2011
—
Midway Office Park LLC
Fucmt 2001-c3 Addison Office L
Grant Deed
$1,917,557 · Collin Bank
Apr 7, 2009
$2,000,000
Fucmt 2001-c3 Addison Office L
Zissa,jeffrey J
Trustees Deed
—
Aug 18, 1998
—
Midway Park Ltd
Midway Building Corp
Quit Claim Deed
related
$2,400,000 · National Realty Funding LLC
—
—
Midway Office Park LLC
—
Deed Of Trust
related
$2,150,000 · Miscellaneous Ins Co
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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