You're browsing as guest. Top-line numbers are free. Full reports — owner contacts, refine, methodology — are paid. Guest mode. Top-line is free.
Back to Search
Property profile & analytics
FOR LEASE
Office buildings

16633 Dallas Pkwy Addison, TX 75001

205,036 SF 5.69 ac lot Built 1997
Entity Owned 2-yr Hold ~ Est. High Equity
Property ID
US83-3699526
Property summary
AI-generated overview

One Hanover Park, located at 16633 Dallas Parkway in Addison, Texas (zip code 75001), offers exceptional medical office space in a prime location. This eight-story, Class A building boasts a total of 195,754 square feet, with 10 currently available suites ranging from 1,401 to 25,859 contiguous square feet. A significant 103,133 square feet is currently vacant, presenting a unique opportunity for expansion or relocation. The building, constructed in 1998, is situated in Dallas County, offering convenient access to major transportation arteries. Its location on the Dallas North Tollway, a few blocks north of Addison Circle, provides easy access to the LBJ Freeway and I-635 in both directions, ensuring seamless commutes for staff and clients. The building's multiple tenancy structure allows for flexibility in lease terms and space requirements. This property represents a rare opportunity to secure high-quality, well-located medical office space in a thriving area of Addison. The minimum divisible space is 1,401 square feet, making it suitable for a range of medical practices, from small clinics to larger multi-specialty groups. The building's Class A designation reflects its superior construction, amenities, and overall quality. This is an ideal location for businesses seeking exceptional accessibility, value, and a prestigious address.

Property profile
Verified
Property type Office buildings
Use group OFFICE BUILDING
Year built 1997
Construction FRAME
Total area 205,036 SF
Lot 5.69 ac (247,987 SF)
Zoning code Z32
APN 10004530010020000
UPID US83-3699526
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
  • One Hanover Park Business Service Center Corporate Office
  • Dr. Trace Alexander Alternative Medicine Practice
  • Dr. Matthew Trovato Physician Medical Clinic
  • VITRUVIAN BioMedical, Inc Corporate Office
  • Oil & Gas Asset Clearinghouse Oil & Natural Gas Company
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$4.65M
Owner & transaction history
New York Life Insurance Company · 2 yrs held
New York Life Insurance Company
since 2023
7 recorded transactions
2023
$21.8M
2018
Price N/A
2014
Price N/A
2012
Price N/A
2009
$15.0M
2004
Price N/A
1969
Price N/A
Zoning & alternative use
Z32 · Addison, TX
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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?”
More about this property
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Please enter message