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Property profile & analytics
OFF-MARKET
Estimated value
$1,590,000
Retail space
3740 Belt Line Rd, Addison, TX 75001-4301
Individually Owned
10-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US83-4046380
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1993
Construction
TILT-UP CONCRETE
Total area
10,540 SF
Lot
1.55 ac (67,692 SF)
Zoning code
Z236
APN
100007600D0010000
UPID
US83-4046380
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
-
Cinnabon Bakery Specialty Food Shop
-
Schlotzsky's Take-out & Catering
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.58M
Blend (final)
Blend
$1.59M
Owner & transaction history
Portfolio Addison Town Center · 10 yrs held
Portfolio Addison Town Center
since 2015
7 recorded transactions
Zoning & alternative use
Z236 · Addison, TX
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$1.2M
+21.2%
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
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RETAIL STORES
$1,025,000
Current use
AUTO REPAIR, GARAGE
$1,240,000
Change: +21% · Conversion: Difficult
Blend value · Realmo final
$1.59M
Range $1.43M – $1.75M · ±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
$151 / 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 2023Property tax & assessments
Tax year 2023
Tax billed
$40,558
Tax year 2023
Assessed value
$1,870,000
Assessed 2023
Previous assessed
$1,870,000
+0.0% YoY
Effective rate
2.17%
On assessed value
Assessed land
$677,050
Assessed improvement
$1,192,950
Land market value
$677,050
Improvement market value
$1,192,950
Total market value
$1,870,000
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
1993
Construction
TILT-UP CONCRETE
Heating
CENTRAL
Cooling
CENTRAL
Stories
1
Total area
10,540 SF
Lot
1.55 ac (67,692 SF)
Zoning code
Z236
APN
100007600D0010000
UPID
US83-4046380
Jurisdiction
DALLAS
Metro division
DALLAS-PLANO-IRVING, TX METROPOLITAN DIVISION
Zoning & alternative use
Z236 · Addison, TX
Zoning Z236 · permitted uses
Z236 · 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
RETAIL STORES Current
Est. value
$1.0M
AUTO REPAIR, GARAGE
Est. value
$1.2M
RETAIL STORES Current
AUTO REPAIR, GARAGE
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
1993
Construction
TILT-UP CONCRETE
Heating
CENTRAL
Cooling
Yes
Stories
1
Lot
1.55 ac
Current owner
From public records · entity-resolved
Portfolio Addison Town Center
Individual
Mailing address
3102 MAPLE AVE STE #500, DALLAS, TX 75201-1262
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2015
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 2, 2025
—
Portfolio Addison Town Center Retai
—
Deed
related
$18,500,000 · Sunflower Bank NA
Aug 25, 2015
—
Portfolio Addison Town Center
Cencor Retail Opportunity Port
Quit Claim Deed
related
—
Aug 11, 2015
—
Cencor Retail Opportunity Port
Portfolio Addison Town Center
Quit Claim Deed
related
—
Dec 30, 2004
—
Portfolio Addison Town Center
Columbia Retail Addison Town C
Grant Deed
$16,400,000 · General Electric Capital Corp
May 8, 2003
—
Retail Addison Town Columbia
Commons At Cliff Creek Ltd
Grant Deed
related
—
—
—
Portfolio Addison Town Center
—
Deed Of Trust
related
$15,800,000 · Principal Life Insurance Co
—
—
Portfolio Addison Town Center
—
Deed Of Trust
related
$16,250,000 · Cantor Com'l R/e Lndg
—
—
Portfolio Addison Town Center
—
Deed Of Trust
related
$16,800,000 · Principal Life Insurance Co
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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