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Property profile & analytics
OFF-MARKET Estimated value $4,755,000
Industrial properties

16650 Westgrove Dr Addison, TX 75001-5667

94,396 SF 7.72 ac lot Built 2000
Individually Owned 1-yr Hold ~ Est. High Equity
Property ID
US82-0789644
Property summary
AI-generated overview

Exceptional 12,976 square foot office/flex space is available for lease in the Addison Com Center, a 2000-built facility boasting 96,463 total square feet situated on approximately 7.75 acres. This prime location offers unparalleled convenience, being directly across from Addison Airport and minutes away from the Addison Conference & Theatre Centre and the Belt Line Road, providing easy access to a wealth of dining, entertainment, and shopping options. The building features desirable attributes for mid-to-large tenants, including 18-foot clear heights, a generous 3:1,000 parking ratio, grade-level loading to each suite, heavy power, 100% HVAC, and readily available fiber optic service. Suite 150, the available space, offers a wide-open layout ideal for technology-focused businesses or those requiring ample storage, complemented by two 10' x 10' overhead grade-level loading doors. Tenant-controlled HVAC systems ensure optimal climate control. The Addison Com Center stands out in the Addison/metropolitan industrial submarket, offering superior functionality compared to older properties in the area. Its strategic location provides immediate access to major thoroughfares like the Dallas North Tollway, PGBT (SH-190), and LBJ Freeway (I-635), enhancing logistical efficiency. This is a rare opportunity to secure a high-quality, well-appointed space in a highly desirable location.

Property profile
Verified
Property type Industrial properties
Use group INDUSTRIAL (GENERAL)
Year built 2000
Construction TILT-UP CONCRETE
Total area 94,396 SF
Lot 7.72 ac (336,283 SF)
Zoning code Z236
APN 100048300A02R0000
UPID US82-0789644
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
  • Open Options (Bike/Boat/Book/etc) Store Corporate Office
  • Quad/Graphics Inc Marketing & Advertising Advertising Agency
  • PHP Agency, LLC Insurance Agency
  • Addison Com Center Business Service Center Corporate Office
  • Bear Robotics Corporate Office
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$5.30M
Blend (final) Blend
$4.76M
Owner & transaction history
Canterbury Logistics Msb 3 Assets L · 1 yrs held
Canterbury Logistics Msb 3 Assets L
since 2024
7 recorded transactions
2024
Price N/A
2020
Price N/A
2019
Price N/A
2018
Price N/A
2016
Price N/A
2014
Price N/A
2012
$5.5M
Zoning & alternative use
Z236 · Addison, TX
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant $7.3M +126.3%
Neighborhood: shopping center $4.1M +26.5%
Office building $4.0M +24.3%
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