Technical
Financial
Distress signals
Property profile

15200 Midway Rd Addison, TX 75001

OFF-MARKET
Warehouses
Property ID
US82-1967857
30,240 SF 3.23 ac lot Built 1971
Individually Owned 11-yr Hold Absentee Owner Free & Clear
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Property summary

AI-generated overview

This exceptional 30,000-square-foot warehouse building presents a significant opportunity in the thriving Addison, Texas market. Situated on a substantial 3.24-acre lot, the property boasts unparalleled visibility and accessibility. Its strategic location offers high exposure to significant traffic counts along major thoroughfares. The warehouse features a single tenancy, providing a unique opportunity for a single large-scale occupant. The building itself offers a ceiling height ranging from 15 to 16 feet, providing ample vertical space for various storage and operational needs. The property is zoned for Industrial-1 District (I-1) use within Dallas County. Its proximity to key transportation arteries, including the Dallas North Tollway, Belt Line Road, and Addison Airport (less than 0.2 miles from both Belt Line Road and the airport), ensures seamless logistics and convenient access for employees and clients. This location places the property within Addison's vibrant retail corridor, offering additional advantages for businesses seeking a high-traffic, easily accessible location. The entire 30,000 square feet is currently vacant, presenting a blank canvas for a new tenant to customize the space to their specific requirements. This is a rare opportunity to acquire a substantial warehouse in a prime Addison location.

Property profile

Verified
Property type Warehouses
Use group MINI-WAREHOUSE, STORAGE
Year built 1971
Construction TILT-UP CONCRETE
Total area 30,240 SF
Lot 3.23 ac (140,786 SF)
Zoning code Z118
APN 10000909609000000
UPID US82-1967857

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Auto Repair Shop
  • Plumbing Service Building Supply

Location

15200 Midway Rd Addison, TX 75001-4522
Addison metro Census 13727 DALLAS-FORT WORTH-ARLINGTON, TX METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$840k
CAP Approach CAP
by Request
Comparable Approach Comparable
$758k
Blend (final) Blend
$840k

Owner & transaction history

since 2015
4 recorded transactions
2015
Price N/A
2014
Price N/A
1969
Price N/A
1969
Price N/A

Zoning & alternative use

Z118 · Addison, TX
Top alternative use upside
Neighborhood: shopping center $1.3M +58.8%
Office building $1.3M +56.0%
Industrial (general) $1.0M +25.6%

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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