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Property profile & analytics
OFF-MARKET
Estimated value
$3,775,000
Hotels
15201 Dallas Pkwy Addison, TX 75001-4609
Entity Owned
8-yr Hold
~
Est. High Equity
Property ID
US82-3601366
Property profile
Verified
Property type
Hotels
Use group
HOTEL
Year built
1981
Construction
FRAME
Total area
345,900 SF
Lot
10.71 ac (466,353 SF)
Zoning code
Z236
APN
10000929936750000
UPID
US82-3601366
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
-
Renaissance Dallas Addison Hotel Hotel & Motel
-
Noell JCT. Restaurant
-
Serenity Alternative Medicine Practice Spa & Massage Center
-
The Crystal Ballroom Hotel & Motel
-
the Malachite Room Theater & Performing Art Venue Nightclub
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$3.78M
Owner & transaction history
Cp Addison II LLC · 8 yrs held
Cp Addison II LLC
since 2017
3 recorded transactions
Zoning & alternative use
Z236 · 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
$11 / 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
$704,893
Tax year 2023
Assessed value
$32,500,000
Assessed 2023
Previous assessed
$32,500,000
+0.0% YoY
Effective rate
2.17%
On assessed value
Assessed land
$11,658,830
Assessed improvement
$20,841,170
Land market value
$11,658,830
Improvement market value
$20,841,170
Total market value
$32,500,000
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
Hotels
Use group
HOTEL
Status
Off-Market
Year built
1981
Construction
FRAME
Heating
CENTRAL
Cooling
CENTRAL
Buildings
2
Stories
15
Units
528
Total area
345,900 SF
Lot
10.71 ac (466,353 SF)
Zoning code
Z236
APN
10000929936750000
UPID
US82-3601366
Jurisdiction
DALLAS
Metro division
DALLAS-PLANO-IRVING, TX METROPOLITAN DIVISION
Zoning & alternative use
Z236 · Addison, TX
Zoning Z236 · permitted uses
Z236 · 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
1981
Construction
FRAME
Heating
CENTRAL
Cooling
Yes
Stories
15
Buildings
2
Units
528
Lot
10.71 ac
Current owner
From public records · entity-resolved
Cp Addison II LLC
Entity
Mailing address
740 CTR VW BLVD, CRESTVIEW HILLS, KY 41017-5434
Ownership since
2017
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 21, 2023
—
Cp Addison II LLC
—
Deed
related
$72,000,000 · Morgan Stanley Bank NA
Nov 29, 2017
—
Cp Addison II LLC
Sunshine Holdings I Corp
Trustees Deed
$73,300,000 · Th Com'l Mtg LLC
Jun 30, 2009
—
Sunshine Holdings I Corp
—
Deed Of Trust
related
$75,000,000 · General Electric Capital Corp
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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