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Property profile & analytics
OFF-MARKET
Estimated value
$870,000
Office buildings
16803 Dallas Pkwy Addison, TX 75001-5212
Entity Owned
15-yr Hold
Absentee Owner
Free & Clear
Property ID
US82-1371211
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1980
Construction
TILT-UP CONCRETE
Total area
19,114 SF
Lot
3.87 ac (168,577 SF)
Zoning code
Z137
APN
10005870010010000
UPID
US82-1371211
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
-
iTech Data Services Tech Support Center (Bike/Boat/Book/etc) Store
-
Mitchell & Co. Realtors Real Estate Agency
-
WW Studio @ Make-A-Wish Foundation of North Texas Addison Wellness Program Weight Loss Service
-
Riata Corporate Group, LLC Corporate Office Business Park
-
Make-A-Wish Foundation of North Texas Charitable Organization Social Service Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$780k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$963k
Blend (final)
Blend
$870k
Owner & transaction history
Longfellow Energy LP · 15 yrs held
Longfellow Energy LP
since 2011
6 recorded transactions
Zoning & alternative use
Z137 · Addison, TX
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Neighborhood: shopping center
$830,000
+1.8%
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
$780,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
OFFICE BUILDING
$815,000
Current use
NEIGHBORHOOD: SHOPPING CENTER
$830,000
Change: +2% · Conversion: Difficult
INDUSTRIAL (GENERAL)
$655,000
Change: -20% · Conversion: Difficult
Blend value · Realmo final
$870k
Range $783k – $957k · ±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
$46 / 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 2024Property tax & assessments
Tax year 2024
Tax billed
$71,735
Tax year 2024
Assessed value
$3,307,430
Assessed 2024
Previous assessed
$3,500,000
-5.5% YoY
Effective rate
2.17%
On assessed value
Assessed land
$3,034,390
Assessed improvement
$273,040
Land market value
$3,034,390
Improvement market value
$273,040
Total market value
$3,307,430
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
1980
Construction
TILT-UP CONCRETE
Heating
CENTRAL
Cooling
CENTRAL
Stories
3
Total area
19,114 SF
Lot
3.87 ac (168,577 SF)
Zoning code
Z137
APN
10005870010010000
UPID
US82-1371211
Jurisdiction
DALLAS
Metro division
DALLAS-PLANO-IRVING, TX METROPOLITAN DIVISION
Zoning & alternative use
Z137 · Addison, TX
Zoning Z137 · permitted uses
Z137 · 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.
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING Current
Est. value
$815,000
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$830,000
INDUSTRIAL (GENERAL)
Est. value
$655,000
OFFICE BUILDING Current
NEIGHBORHOOD: SHOPPING CENTER
INDUSTRIAL (GENERAL)
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1980
Construction
TILT-UP CONCRETE
Heating
CENTRAL
Cooling
Yes
Stories
3
Lot
3.87 ac
Current owner
From public records · entity-resolved
Longfellow Energy LP
Entity
Free & Clear · 15 yrs held
Mailing address
4641 NALL RD, DALLAS, TX 75244-4618
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2011
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 15, 2017
—
Longfellow Energy LP
—
Deed
related
—
Mar 31, 2016
—
Longfellow Energy Partners LP
—
Trustees Deed
related
$35,000,000 · Amarillo Nat'l Bk
May 18, 2011
—
Longfellow Energy LP
1031 Services Corp
Grant Deed
related
—
Dec 31, 2010
—
1031 Services Corp INC
Piaymes Ltd
Grant Deed
related
—
Jun 2, 2006
—
Piaymes Ltd
16803 Dallas Parkway LP
Special Warranty Deed
$7,350,000 · Countrywide Commercial Real Estate
—
—
Longfellow Energy LP
—
Loan Modification
related
—
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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