Back to Search
Property profile & analytics
OFF-MARKET
Estimated value
$710,000
Office buildings
15820 Addison Rd Addison, TX 75001-3549
Entity Owned
12-yr Hold
~
Est. High Equity
Property ID
US82-2238302
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1983
Construction
TILT-UP CONCRETE
Total area
11,720 SF
Lot
0.91 ac (39,561 SF)
Zoning code
Z32
APN
100054600A0010000
UPID
US82-2238302
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
-
Larios Angela Physician
-
Care Staffing Employment Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$775k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$645k
Blend (final)
Blend
$710k
Owner & transaction history
Cortson Commercial Holdings LLC · 12 yrs held
Cortson Commercial Holdings LLC
since 2014
4 recorded transactions
Zoning & alternative use
Z32 · Addison, TX
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$1.1M
+128.0%
Medical building
$1.1M
+110.2%
Restaurant
$910,000
+82.1%
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
$775,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
OFFICE BUILDING
$500,000
Current use
RETAIL STORES
$1,135,000
Change: +128% · Conversion: Moderate
MEDICAL BUILDING
$1,050,000
Change: +110% · Conversion: Easy
RESTAURANT
$910,000
Change: +82% · Conversion: Moderate
NEIGHBORHOOD: SHOPPING CENTER
$510,000
Change: +2% · Conversion: Difficult
Blend value · Realmo final
$710k
Range $639k – $781k · ±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
$61 / 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
$48,041
Tax year 2023
Assessed value
$2,215,000
Assessed 2023
Previous assessed
$2,215,000
+0.0% YoY
Effective rate
2.17%
On assessed value
Assessed land
$593,420
Assessed improvement
$1,621,580
Land market value
$593,420
Improvement market value
$1,621,580
Total market value
$2,215,000
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
1983
Construction
TILT-UP CONCRETE
Heating
CENTRAL
Cooling
CENTRAL
Buildings
4
Stories
2
Total area
11,720 SF
Lot
0.91 ac (39,561 SF)
Zoning code
Z32
APN
100054600A0010000
UPID
US82-2238302
Jurisdiction
DALLAS
Metro division
DALLAS-PLANO-IRVING, TX METROPOLITAN DIVISION
Zoning & alternative use
Z32 · Addison, TX
Zoning Z32 · permitted uses
Z32 · 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
$500,000
RETAIL STORES
Est. value
$1.1M
MEDICAL BUILDING
Est. value
$1.1M
RESTAURANT
Est. value
$910,000
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$510,000
OFFICE BUILDING Current
RETAIL STORES
MEDICAL BUILDING
RESTAURANT
NEIGHBORHOOD: SHOPPING CENTER
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
1983
Construction
TILT-UP CONCRETE
Heating
CENTRAL
Cooling
Yes
Stories
2
Buildings
4
Lot
0.91 ac
Current owner
From public records · entity-resolved
Cortson Commercial Holdings LLC
Entity
Mailing address
301 OAKWOOD TRL, FAIRVIEW, TX 75069-8722
Ownership since
2014
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
Apr 9, 2024
—
Cortson Commercial Holdings LLC
—
Deed
related
$2,000,000 · Veritex Community Bank
May 14, 2014
—
Cortson Commercial Holdings LLC
Rg Consolidated Ventures LP
Venders Lien
$964,698 · Jpmorgan Chase Bank NA
Feb 28, 2005
—
Rg Consolidated Ventures
Shepherd,tom J & Sandra D
Warranty Deed
$850,000 · Texas Cap Bk
—
—
Cortson Coml Holdings LLC
—
Deed Of Trust
related
$796,000 · Greater Tx Cap
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?”
You own 15820 Addison Rd?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
