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Property profile & analytics
FOR LEASE
Office buildings
15301 N Dallas Pkwy Addison, TX 75001
Entity Owned
13-yr Hold
~
Est. High Equity
Property ID
US82-3094967
For Lease
1 / 2
$29 SF/Yr
15301 N Dallas Pkwy, Addison, TX 75001
View Listing →
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1982
Construction
FRAME
Total area
303,635 SF
Lot
8.2 ac (357,279 SF)
Zoning code
Z236
APN
10005290000000000
UPID
US82-3094967
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
-
Systemware, Inc. (Bike/Boat/Book/etc) Store Corporate Office
-
Applied Appraisal Real Estate Agency
-
The Colonnade Business Service Center Corporate Office
-
McClure Capital, Inc. Financial Advisor
-
Risk Theory, LLC Holding Company
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$10.59M
Owner & transaction history
Fpg Colonnade LP · 13 yrs held
Fpg Colonnade LP
since 2013
4 recorded transactions
Zoning & alternative use
Z236 · Addison, TX
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Neighborhood: shopping center
$13.2M
+1.8%
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
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
OFFICE BUILDING
$12,925,000
Current use
NEIGHBORHOOD: SHOPPING CENTER
$13,150,000
Change: +2% · Conversion: Difficult
INDUSTRIAL (GENERAL)
$10,400,000
Change: -20% · Conversion: Difficult
Blend value · Realmo final
$10.59M
Range $9.53M – $11.65M · ±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
$35 / 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
$1,525,840
Tax year 2023
Assessed value
$70,350,780
Assessed 2023
Previous assessed
$70,350,780
+0.0% YoY
Effective rate
2.17%
On assessed value
Assessed land
$8,932,300
Assessed improvement
$61,418,480
Land market value
$8,932,300
Improvement market value
$61,418,480
Total market value
$70,350,780
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
1982
Construction
FRAME
Heating
CENTRAL
Cooling
CENTRAL
Buildings
3
Stories
12
Total area
303,635 SF
Lot
8.2 ac (357,279 SF)
Zoning code
Z236
APN
10005290000000000
UPID
US82-3094967
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.
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING Current
Est. value
$12.9M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$13.2M
INDUSTRIAL (GENERAL)
Est. value
$10.4M
OFFICE BUILDING Current
NEIGHBORHOOD: SHOPPING CENTER
INDUSTRIAL (GENERAL)
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1982
Construction
FRAME
Heating
CENTRAL
Cooling
Yes
Stories
12
Buildings
3
Lot
8.2 ac
Current owner
From public records · entity-resolved
Fpg Colonnade LP
Entity
Mailing address
15303 DALLAS PKWY STE #110, ADDISON, TX 75001-6738
Ownership since
2013
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 23, 2019
—
Fpg Colonnade LP
—
Deed
related
$223,000,000 · Ubs Ag
Apr 3, 2013
—
Fpg Colonnade LP
Sp Us V5 Colonnade LP
Trustees Deed
$160,000,000 · Morgan Stanley Mtg Cap Holding
Jun 30, 2008
—
Sp Us V5 Colonnade
Colonnade Realty Holdings
Quit Claim Deed
related
—
—
—
Fpg Colonnade LP
—
Deed Of Trust
related
$223,000,000 · Ubs Ag
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.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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