Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    15200 Addison Rd Addison, TX 75001-4547
    Back to Search
    Property profile & analytics

    15200 Addison Rd, Addison, TX 75001-4547

    View on Map
    • Motels
    • 42,348 SF
    • 1.53 lot acres
    Off-Market
    Last Sale Jan 25, 2021
    Property ID
    US82-0248651
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
    Value Estimations
    $845,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Hawthorn Suites by Wyndham Addison Galleria / Hotel & Motel
    • Blink Charging Station / Electric Vehicle Charging Station
    • Addison Goat Trail / Hiking Area
    • Mainstay Suites Addison-Dallas / Hotel & Motel / Vacation Rental
    • Elegant Eventss PR & Tarot / Marketing & Advertising / Advertising Agency

    Property Details for 15200 Addison Rd

    Year built
    1999
    Construction
    FRAME
    Lot size
    1.53 lot acres
    Zone code
    Z236
    Property type
    Motels
    APN
    100049100A0010000
    APU
    100049100A0010000

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Jan 12, 2023 — Arka Hotels Group LLC — Deed · related $1.4M · Liftfund
    Jul 15, 2022 — Arka Hotels Group LLC — Deed · related $1.3M · Riverstone Bank
    Jan 25, 2021 — Arka Hotels Group LLC Quality Group One LLC Grant Deed $3.5M · Investamark INC
    May 19, 2014 — Quality Group Ine LLC Dhruv Hotels LP Special Warranty Deed $3.8M · Pacific Premier Bank
    Jun 4, 2009 — Dhruv Hotels — Trustees Deed · related $350k · Coppermark Bank
    Jun 28, 2006 — Dhruv Hotels Bidjaan Boutique Hotels Ltd Grant Deed $2.5M · Coppermark Bank
    — — Dhruv Hotels LP — Deed Of Trust · related $4.9M · Cathay Bank
    — — Dhruv Hotels LP — Deed Of Trust · related $1.9M · Cathay Bank
    — — Dhruv Hotels LP — Loan Modification · related $1.9M · Cathay Bank
    — — Dhruv Hotels LP — Deed Of Trust · related $1.9M · Coppermark Bank

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $1,045,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $651,000
      Market price range: $460k - $1.39M

    • Alternative Use

      Use
      Estimation
      HOTEL/MOTEL
      $840,000
      Current use

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Addison
    County
    Dallas
    State
    Texas
    Longitude
    -96.8292
    Latitude
    32.9567
    CBSA code
    19100
    CBSA name
    DALLAS-FORT WORTH-ARLINGTON, TX METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $70,272
    $1,198,150
    $2,041,850
    $3,240,000
    -
    $1,198,150
    $2,041,850
    $3,240,000

    Comparable in this City

    • Value Estimation
      $605,000
      23,484 SF

      4005 Belt Line Rd

      MOTEL
      4005 Belt Line Rd, Addison, TX 75001-4353
      View Details
    • Value Estimation
      $1,470,000
      78,000 SF

      4165 Proton Dr

      MOTEL
      4165 Proton Dr, Addison, TX 75001-3502
      View Details
    • Value Estimation
      $985,000
      45,918 SF

      4103 Belt Line Rd

      MOTEL
      4103 Belt Line Rd, Addison, TX 75001-4355
      View Details
    • Value Estimation
      $1,220,000
      65,618 SF

      4325 Belt Line Rd

      MOTEL
      4325 Belt Line Rd, Addison, TX 75001-4512
      View Details
    • Value Estimation
      $1,070,000
      60,440 SF

      4505 Beltway Dr

      MOTEL
      4505 Beltway Dr, Addison, TX 75001-3708
      View Details
    • Value Estimation
      $1,115,000
      73,859 SF

      4451 Belt Line Rd

      MOTEL
      4451 Belt Line Rd, Addison, TX 75001-4514
      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
    • Contact for pricing
      3,354 SF

      Retail Space in Addison Town

      Retail space with high traffic and visibility in Dallas.
      3781 Belt Line Rd, Dallas, 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
      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

      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

      Addison Land Tracts Available

      Two land tracts available in Addison, Texas.
      16 Sugar Tree Way, Addison, TX 75001
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Commercial Land Near Dallas Tollway

      Commercial land for rent with convenient highway access and amenities.
      14665 Midway Rd, Addison, TX 75001
      View Details
    • Contact for pricing
      1,750 SF

      Addison Mixed-Use Property For Rent

      Mixed-use property in Addison Events District with retail and apartments.
      5052-5080 Addison Cir, Addison, TX 75001
      View Details
    • Contact for pricing
      191,443 SF

      Addison Office Space Available

      289,340 SF office space for lease in Addison, TX.
      15601 Dallas Pkwy, Addison, TX 75001
      View Details
    • Contact for pricing
      22,928 SF

      Office/Flex Space Near Addison Airport

      Office and flex space with convenient highway access and amenities.
      16650 Westgrove Dr, Dallas, TX 75001
      View Details
    • Contact for pricing
      5,597 SF

      Addison Freestanding Office Building

      Freestanding office building in Addison, Texas, near Addison Airport.
      4800 Broadway St, Addison, TX 75001
      View Details
    • Contact for pricing
      3,215 SF

      Class AA Office Tower ForRent

      14-story Class AA office tower with direct access to Dallas North Tollway.
      15455 Dallas Pkwy, Dallas, 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.
    15200 Addison Rd
    Addison, TX 75001-4547
    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
    15200 Addison Rd, 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!