Property profile

16415 Addison Rd Addison, TX 75001

FOR LEASE
Parking lots & garages
Property ID
US83-4232944
93,275 SF 3.77 ac lot Built 1984
Entity Owned 5-yr Hold Absentee Owner ~ Est. High Equity
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Property summary

AI-generated overview

The Charter, a prestigious Class A office building located at 16415 Addison Rd, Addison, TX 75001, offers exceptional executive office suites for lease. This nine-story building, totaling 149,578 square feet, underwent a complete renovation in 2021, ensuring modern amenities and a sophisticated work environment. Currently, there are multiple suites available, ranging from a minimum of 557 square feet to a maximum contiguous space of 3,353 square feet, providing flexibility for businesses of various sizes. The building boasts a total of 11 suites, with 14,386 square feet currently vacant. Built in 1985, The Charter provides ample parking with a ratio of 4.0 spaces per 1,000 square feet. Its prime location in Dallas County, Addison, offers easy access to major transportation routes and a vibrant business community. The building's modern design and updated features create an ideal setting for discerning businesses seeking a prestigious and functional workspace. Interested parties are encouraged to inquire about available space and lease terms. This is an exceptional opportunity to secure high-quality office space in a highly sought-after location.

Property profile

Verified
Property type Parking lots & garages
Use group PARKING GARAGE, PARKING STRUCTURE
Year built 1984
Construction FRAME
Total area 93,275 SF
Lot 3.77 ac (164,178 SF)
Zoning code Z236
APN 10000620000010000
UPID US83-4232944

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Film Production Television Studio
  • Medical Clinic
  • Insurance Agency
  • Medical Laboratory Surgeon
  • Butcher Big Box & Wholesale Store

Location

16415 Addison Rd Addison, TX 75001
Addison metro Census 13727 DALLAS-FORT WORTH-ARLINGTON, TX METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$800k
CAP Approach CAP
by Request
Comparable Approach Comparable
$938k
Blend (final) Blend
$870k

Owner & transaction history

since 2020
4 recorded transactions
2020
$10.0M
2017
Price N/A
2007
Price N/A
2000
Price N/A

Zoning & alternative use

Z236 · Addison, TX

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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