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    16601 Addison Rd Addison, TX 75001
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    Property profile & analytics

    16601 Addison Rd Addison, TX 75001

    View on Map
    • Strip malls
    • 13,036 SF
    • 1.13 lot acres
    For Lease
    $585,000
    View Listing →
    Retail or Office Space Available For Lease
    $585,000

    Retail or Office Space Available

    Retail or office space for rent near Addison Airport.

    16601 Addison Rd, Addison, TX 75001
    View Listing
    Property ID
    US82-0729333
    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
    $585,000
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Stl eatz / Restaurant
    • 6 Tattoo Studio / Tattoo & Piercing Shop
    • Bitcoin Depot ATM / Atm
    • ATM / Atm
    • Bitcoin Depot | Bitcoin ATM / Atm / Crypto Atm

    Property Details for 16601 Addison Rd

    Year built
    1980
    Construction
    TILT-UP CONCRETE
    Lot size
    1.13 lot acres
    Property size
    13,036 SF
    Zone code
    Z236
    Property type
    Strip malls
    Property subtype
    Shopping centers
    APN
    10000935220750000
    APU
    10000935220750000

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $590,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $582,000
      Market price range: $464k - $644k

    • Alternative Use

      Use
      Estimation
      NEIGHBORHOOD: SHOPPING CENTER
      $565,000
      Current use
      OFFICE BUILDING
      $555,000
      Change: -2% Conversion: Moderate

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

    Location Insight

    • Map
    • Local Demand
    City
    Addison
    County
    Dallas
    State
    Texas
    Longitude
    -96.8308
    Latitude
    32.9775
    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
    2024
    $47,716
    $738,350
    $1,461,650
    $2,200,000
    -
    $738,350
    $1,461,650
    $2,200,000

    Comparable in this City

    • Value Estimation
      $665,000
      13,428 SF

      4530 Belt Line Rd

      SHOPPING CENTER, STRIP CENTER • 13,428 SF
      4530 Belt Line Rd, Addison, TX 75001
      View Details
    • Value Estimation
      $760,000
      15,726 SF

      4201 Belt Line Rd

      SHOPPING CENTER, STRIP CENTER • 15,726 SF
      4201 Belt Line Rd, Addison, TX 75001-4510
      View Details
    • Value Estimation
      $730,000
      14,252 SF

      4191 Belt Line Rd

      SHOPPING CENTER, STRIP CENTER • 14,252 SF
      4191 Belt Line Rd, Addison, TX 75001-4355
      View Details
    • Value Estimation by Request
      7,602 SF

      3712 Belt Line Rd

      SHOPPING CENTER, STRIP CENTER • 7,602 SF
      3712 Belt Line Rd, Addison, TX 75001-4301
      View Details
    • Value Estimation
      $985,000
      26,865 SF

      4135 Belt Line Rd

      SHOPPING CENTER, STRIP CENTER • 26,865 SF
      4135 Belt Line Rd, Addison, TX 75001-4388
      View Details
    • Value Estimation by Request
      5,705 SF

      14400 Marsh Ln

      SHOPPING CENTER, STRIP CENTER • 5,705 SF
      14400 Marsh Ln, Addison, TX 75001-5557
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      Retail Investment Opportunity in Dallas

      Prime retail building in a high-visibility Dallas location.
      14601 Inwood Rd, Dallas, TX 75001
      View Details
    • Contact for pricing

      Prime Retail Investment Opportunity

      19,068 SF building in a high-traffic Dallas location.
      14639-14645 Inwood Rd, Dallas, TX 75001
      View Details
    • $3,500,000

      High-Profile NNN Pad Sites

      NNN leased pad sites at Cedar Hill Crossing Mall.
      145 West Fm 1381, Cedar Hill, TX 75001
      View Details
    • $3,900,000
      0.61 Acres

      Addison Restaurant Business For Sale

      Restaurant business for sale in Addison, Texas.
      15375 Addison 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
    • Contact for pricing
      4,974 SF

      Addison Road Commercial Property

      Commercial property with 4974 square feet of space.
      15375 Addison Rd, Addison, TX 75001
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      1,657 SF

      Retail Space in Addison, TX

      Retail space for lease in a renovated Addison plaza.
      4950 Belt Line Rd, Addison, TX 75001
      View Details
    • Contact for pricing
      3,138 SF

      Retail Space in Addison, TX

      Retail space for lease in a vibrant Addison community.
      4900 Belt Line Rd, Addison, TX 75001
      View Details
    • $18 SF/Yr
      36,263 SF

      Addison Retail Center Opportunity

      Prime Addison retail space available
      4021 Belt Line Rd, Addison, TX 75001
      View Details
    • Contact for pricing
      3,311 SF

      Retail Space in Addison, Texas

      Retail space available in Village on the Parkway.
      5100 Belt Line Rd, Addison, TX 75001
      View Details
    • Contact for pricing
      1,209 SF

      Addison Retail Space For Rent

      Retail space available in Addison town center power center.
      3740-3850 Belt Line Rd, Addison, TX 75001
      View Details
    • Contact for pricing
      1,275 SF

      Addison Retail Space For Rent

      Retail space available in Addison town center power center.
      3752-3780 Belt Line Rd, Addison, TX 75001
      View Details

    Property Visit Statistics

    • Visits by month
      3.7k
    • Visitors by month
      2.3k
    • Avg Time on site
      20 min
    View Listing
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    Addison, TX 75001
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    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
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