Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    15301 Spectrum Dr Addison, TX 75001
    Back to Search
    Property profile & analytics

    15301 Spectrum Dr, Addison, TX 75001

    View on Map
    • Office buildings
    • 116,804 SF
    • 2.85 lot acres
    For Lease
    $2,000,000
    View Listing →
    Addison Land Available For Rent For Lease
    $2,000,000

    Addison Land Available For Rent

    Land available for rent in Addison, Texas.

    15301 Spectrum Dr, Addison, TX 75001
    View Listing
    Property ID
    US82-4633961
    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
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Medix Infusion / Medical Group
    • LOGIX Communications / Telecommunications Service / Data Center
    • Spectrum Wealth Management / Financial Advisor
    • Mortgage Machine / (Bike/Boat/Book/etc) Store / Corporate Office
    • Bionic Prosthetics & Orthotics / Orthotics & Prosthetics Service

    Property Details for 15301 Spectrum Dr

    Year built
    1983
    Construction
    FRAME
    Lot size
    2.85 lot acres
    Zone code
    Z32
    Property type
    Office buildings
    APN
    10005060000000100
    APU
    10005060000000100

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Dec 12, 2025 — Rig Spectrum LLC — Deed · related $7.6M · Standard Insurance Co
    Mar 5, 2020 — G&i Viii Quorum North LP — Deed · related $64.3M · Citizens Bank NA
    Dec 22, 2005 — Dallas Quorum Office LP Owner Name Unavailable Grant Deed · related —

    Description

    This exceptional five-story, Class A office building, totaling 118,535 square feet, presents a compelling investment opportunity. Located at 15301 Spectrum Drive in Addison, Texas, this multi-tenant property boasts 80.1% occupancy and a strong NOI of $1,003,087. Built in 1983 and extensively renovated in 2016, The Spectrum features 24 units across its 2.848 acres. Modern upgrades include high-quality finishes, flexible floor plates, a state-of-the-art conference center, and an on-site deli. Conveniently situated near the intersection of Arapaho and Spectrum Drive, just west of the Dallas North Tollway, the property benefits from its proximity to four hotels, the Addison Circle mixed-use development, and abundant dining and entertainment options. The building offers covered parking and easy access to restaurants, parks, and transportation. This fee-simple ownership opportunity is in a thriving submarket with consistent growth and new construction, ensuring a stable and predictable return on investment with significant upside potential through lease-up and rent increases. The diverse tenant base and staggered lease expirations further enhance the property's long-term value. The Spectrum is an Energy Star certified building.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Addison
    County
    Dallas
    State
    Texas
    Longitude
    -96.8254
    Latitude
    32.9584
    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
    $210,384
    $2,233,530
    $7,466,470
    $9,700,000
    -
    $2,233,530
    $7,466,470
    $9,700,000

    Comparable in this City

    • Value Estimation
      $1,745,000
      106,784 SF

      3939 Belt Line Rd

      OFFICE BUILDING
      3939 Belt Line Rd, Addison, TX 75001-4323
      View Details
    • Value Estimation
      $665,000
      15,260 SF

      4101 Centurion Way

      OFFICE BUILDING
      4101 Centurion Way, Addison, TX 75001-4347
      View Details
    • Value Estimation
      $14,250,000
      435,696 SF

      15305 Dallas Pkwy

      OFFICE BUILDING
      15305 Dallas Pkwy, Addison, TX 75001-4637
      View Details
    • Value Estimation
      $870,000
      19,114 SF

      16803 Dallas Pkwy

      OFFICE BUILDING
      16803 Dallas Pkwy, Addison, TX 75001-5212
      View Details
    • Value Estimation by Request
      8,132 SF

      4385 Sunbelt Dr

      OFFICE BUILDING
      4385 Sunbelt Dr, Addison, TX 75001-5134
      View Details
    • Value Estimation
      $980,000
      45,702 SF

      15000 Surveyor Blvd

      OFFICE BUILDING
      15000 Surveyor Blvd, Addison, TX 75001-4417
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      21,272 SF

      Addison Hangar and Office Space

      21,272 SF hangar and office space on 1.14 acres.
      15800 Dooley Rd, Addison, TX 75001
      View Details
    • $2,787,707

      Addison Live/Work Opportunity

      Two commercial units suitable for live/work or retail.
      4821 Broadway St, Addison, TX 75001
      View Details
    • $2,500,000

      Historic Victorian Commercial Building in Addison

      Refurbished Victorian commercial property near Addison Airport and DART station.
      4823 Broadway St, Addison, TX 75001
      View Details
    • Contact for pricing
      31,827 SF

      Addison Office Building For Sale

      31,827 SF office building on 1.58 acres.
      15790 Dooley Rd, Addison, TX 75001
      View Details
    • Contact for pricing
      38,266 SF

      Mixed-Use Property with Car Showcase

      Hybrid property with retail, office, and car showcase spaces.
      4900 Arapaho Rd, Addison, TX 75001
      View Details
    • $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

    Similar Nearby for Lease

    • $24 SF/Yr
      18,146 SF

      15851 Dallas Parkway, Addison, TX, 75001

      Office buildings
      15851 Dallas Pkwy, Addison, TX 75001
      View Details
    • Contact for pricing
      3,098 SF

      Four-Story Office Building For Rent

      73,350 SF office building with prime North Tollway location.
      16801 Addison Rd, Addison, TX 75001
      View Details
    • Contact for pricing
      4,543 SF

      Class A Office Space

      Ten-story office building in Addison Circle with on-site amenities.
      15601 Dallas Pkwy, Dallas, TX 75001
      View Details
    • Contact for pricing

      Addison Office Space For Rent

      Eight-story office building in Addison, Texas, with 175,012± SF.
      16479 Dallas Pkwy, Addison, 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
    View Listing
    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.
    15301 Spectrum Dr
    Addison, TX 75001
    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
    15301 Spectrum Dr, 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!