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Property profile & analytics
OFF-MARKET
Estimated value
$815,000
Showrooms
15510 Wright Brothers Dr, Addison, TX 75001-4273
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US82-4052325
Property profile
Verified
Property type
Showrooms
Use group
SHOW ROOM, WAREHOUSE
Year built
1969
Construction
TILT-UP CONCRETE
Total area
23,290 SF
Lot
1 ac (43,604 SF)
Zoning code
Z118
APN
10000909471000000
UPID
US82-4052325
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
-
American Automotive Service Solutions Auto Repair Shop
-
Fenix Protect Department Store
-
American Select Partners Insurance Agency
-
alumicell Medical Clinic
-
Your Renters Insurance Group Insurance Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$785k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$844k
Blend (final)
Blend
$815k
Owner & transaction history
Wright Brothers Building LLC · 2 yrs held
Wright Brothers Building LLC
since 2023
7 recorded transactions
Zoning & alternative use
Z118 · Addison, TX
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Neighborhood: shopping center
$1.0M
+37.7%
Office building
$990,000
+35.3%
Industrial (general)
$800,000
+8.9%
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
$785,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$735,000
Current use
NEIGHBORHOOD: SHOPPING CENTER
$1,010,000
Change: +38% · Conversion: Difficult
OFFICE BUILDING
$990,000
Change: +35% · Conversion: Easy
INDUSTRIAL (GENERAL)
$800,000
Change: +9% · Conversion: Moderate
Blend value · Realmo final
$815k
Range $734k – $897k · ±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
$44,957
Tax year 2023
Assessed value
$2,072,810
Assessed 2023
Previous assessed
$2,072,810
+0.0% YoY
Effective rate
2.17%
On assessed value
Assessed land
$261,620
Assessed improvement
$1,811,190
Land market value
$261,620
Improvement market value
$1,811,190
Total market value
$2,072,810
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
Showrooms
Use group
SHOW ROOM, WAREHOUSE
Status
Off-Market
Year built
1969
Construction
TILT-UP CONCRETE
Heating
CENTRAL
Cooling
CENTRAL
Stories
2
Total area
23,290 SF
Lot
1 ac (43,604 SF)
Zoning code
Z118
APN
10000909471000000
UPID
US82-4052325
Jurisdiction
DALLAS
Metro division
DALLAS-PLANO-IRVING, TX METROPOLITAN DIVISION
Zoning & alternative use
Z118 · Addison, TX
Zoning Z118 · permitted uses
Z118 · 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
COMMERCIAL (GENERAL) Current
Est. value
$735,000
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$1.0M
OFFICE BUILDING
Est. value
$990,000
INDUSTRIAL (GENERAL)
Est. value
$800,000
COMMERCIAL (GENERAL) Current
NEIGHBORHOOD: SHOPPING CENTER
OFFICE BUILDING
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
1969
Construction
TILT-UP CONCRETE
Heating
CENTRAL
Cooling
Yes
Stories
2
Lot
1 ac
Current owner
From public records · entity-resolved
Wright Brothers Building LLC
Entity
Mailing address
PO BOX 30250, ALBUQUERQUE, NM 87190-0250
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 13, 2023
—
Wright Brothers Building LLC
Libre Ventures LLC
Warranty Deed
$3,500,000 · Southwest Capital Bank
Jan 11, 2019
—
Libre Ventures LLC
—
Deed
related
$2,647,508 · Century Bk
Sep 17, 2014
—
Dna Stat LLC
Jj Addison Partners LLC
Grant Deed
$1,920,000 · Green Bk
Oct 30, 2012
—
Jj Addison Partners LLC
Fifteen Five Ten Partners Ltd
Grant Deed
related
—
May 6, 2010
—
Fifteen Five Ten Partners Ltd
—
Trustees Deed
related
$10,000 · Town North Bank NA
—
—
Libre Ventures LLC
—
Deed Of Trust
related
$2,647,508 · Century Bk
—
—
James A Moran
—
Deed Of Trust
related
$226,200 · Town North National Bank
—
—
Dna Stat LLC
—
Deed Of Trust
related
$67,416 · Private Individual
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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