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Property profile & analytics
OFF-MARKET
Estimated value
$865,000
Automotive properties
16050 Midway Rd, Addison, TX 75001-4263
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US82-3027146
Property profile
Verified
Property type
Automotive properties
Use group
VEHICLE SALES, RENTALS
Year built
2008
Construction
STEEL FRAME
Total area
14,892 SF
Lot
0.9 ac (39,012 SF)
Zoning code
Z236
APN
10805000000020000
UPID
US82-3027146
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
-
Cotroneo Auto Group Car Wash
-
SSYS Shop Style Your Senses Clothing Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$605k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.12M
Blend (final)
Blend
$865k
Owner & transaction history
Ssys Holdings LLC · 4 yrs held
Ssys Holdings LLC
since 2022
7 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
Method
Estimation
Statistic approach
by Request
ML approach
$605,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$865k
Range $779k – $952k · ±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
$58 / 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
$31,504
Tax year 2023
Assessed value
$1,452,540
Assessed 2023
Previous assessed
$1,452,540
+0.0% YoY
Effective rate
2.17%
On assessed value
Assessed land
$234,070
Assessed improvement
$1,218,470
Land market value
$234,070
Improvement market value
$1,218,470
Total market value
$1,452,540
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
Automotive properties
Use group
VEHICLE SALES, RENTALS
Status
Off-Market
Year built
2008
Construction
STEEL FRAME
Heating
CENTRAL
Cooling
CENTRAL
Stories
1
Total area
14,892 SF
Lot
0.9 ac (39,012 SF)
Zoning code
Z236
APN
10805000000020000
UPID
US82-3027146
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
2008
Construction
STEEL FRAME
Heating
CENTRAL
Cooling
Yes
Stories
1
Lot
0.9 ac
Current owner
From public records · entity-resolved
Ssys Holdings LLC
Entity
Mailing address
5929 BETH DR, PLANO, TX 75093-8576
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
11 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 11, 2022
—
Ssys Holdings LLC
Cotroneo Properties LLC
Special Warranty Deed
$2,970,750 · Comerica Bank
Nov 10, 2020
—
Cotroneo Properties LLC
—
Deed
related
$2,000,000 · Stockmans Bk
Apr 24, 2019
—
Cotroneo Properties LLC
—
Deed
related
$2,000,000 · Stockmans Bk
Oct 4, 2017
—
Cotroneo Properties LLC
—
Deed
related
$2,000,000 · Stockmans Bk
Jul 29, 2016
—
Cotroneo Properties LLC
—
Deed
related
$2,000,000 · Stockmans Bank
Jul 25, 2016
—
Cotroneo Properties LLC
—
Deed
related
$570,000 · Stockmans Bank
Oct 12, 2009
—
Cotroneo Properties LLC
Spagnola Investments LLC
Venders Lien
$1,132,011 · State Bank & Trust Co Dallas
—
—
Cotroneo Properties LLC
—
Loan Modification
related
$2,000,000 · Stockmans Bk
—
—
Cotroneo Properties LLC
—
Deed Of Trust
related
$943,816 · State Bank & Trust
—
—
Cotroneo Properties LLC
—
Loan Modification
related
$2,000,000 · Stockmans Bk
—
—
Cotroneo Properties LLC
—
Loan Modification
related
$2,000,000 · Stockmans Bk
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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