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    4450 Sojourn Dr Addison, TX 75001
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    4450 Sojourn Dr Addison, TX 75001

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    • Office buildings
    • 93,688 SF
    • 8.13 lot acres
    For Lease
    $2,030,000
    View Listing →
    Premium Office Space in Addison For Lease
    $2,030,000
    56,888 SF

    Premium Office Space in Addison

    Modern office space in a central Addison, Texas location.

    4450 Sojourn Drive, Addison, TX 75001
    View Listing
    Property ID
    US82-0218277
    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
    $2,030,000
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Texas Center for Interventional Surgery / Medical Clinic / Hospital
    • Invitation Homes / Property Management Company / Real Estate Agency
    • Jon Boettger / Physician
    • Harbor Insurance Group Inc / Insurance Agency
    • Candidly Cano Photography / Photography Service / (Bike/Boat/Book/etc) Store

    Property Details for 4450 Sojourn Dr

    Year built
    1999
    Construction
    TILT-UP CONCRETE
    Lot size
    8.13 lot acres
    Property size
    93,688 SF
    Zone code
    Z236
    Property type
    Office buildings
    APN
    100056200A0010000
    APU
    100056200A0010000

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $1,370,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $2,693,000
      Market price range: $1.62M - $6.21M

    • Alternative Use

      Use
      Estimation
      INDUSTRIAL (GENERAL)
      $3,210,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Addison
    County
    Dallas
    State
    Texas
    Longitude
    -96.8352
    Latitude
    32.9821
    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
    2023
    $200,624
    $3,540,560
    $5,709,440
    $9,250,000
    -
    $3,540,560
    $5,709,440
    $9,250,000

    Comparable in this City

    • Value Estimation
      $1,745,000
      106,784 SF

      3939 Belt Line Rd

      OFFICE BUILDING • 106,784 SF
      3939 Belt Line Rd, Addison, TX 75001-4323
      View Details
    • Value Estimation
      $665,000
      15,260 SF

      4101 Centurion Way

      OFFICE BUILDING • 15,260 SF
      4101 Centurion Way, Addison, TX 75001-4347
      View Details
    • Value Estimation
      $14,250,000
      435,696 SF

      15305 Dallas Pkwy

      OFFICE BUILDING • 435,696 SF
      15305 Dallas Pkwy, Addison, TX 75001-4637
      View Details
    • Value Estimation
      $870,000
      19,114 SF

      16803 Dallas Pkwy

      OFFICE BUILDING • 19,114 SF
      16803 Dallas Pkwy, Addison, TX 75001-5212
      View Details
    • Value Estimation by Request
      8,132 SF

      4385 Sunbelt Dr

      OFFICE BUILDING • 8,132 SF
      4385 Sunbelt Dr, Addison, TX 75001-5134
      View Details
    • Value Estimation
      $980,000
      45,702 SF

      15000 Surveyor Blvd

      OFFICE BUILDING • 45,702 SF
      15000 Surveyor Blvd, Addison, TX 75001-4417
      View Details

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      Historic Victorian Commercial Building in Addison

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      Addison Office/Warehouse For Sale

      11,038 SF office/warehouse on 0.76 acres in Addison, TX.
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      Bent Tree II Office Condos

      Office condos at Bent Tree II on Dallas Parkway.
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    Similar Nearby for Lease

    • Contact for pricing
      3,098 SF

      Four-Story Office Building For Rent

      73,350 SF office building with prime North Tollway location.
      16801 Addison Rd, Addison, TX 75001
      View Details
    • $24 SF/Yr
      18,146 SF

      15851 Dallas Parkway, Addison, TX, 75001

      Office buildings • 18,146 SF
      15851 Dallas Pkwy, Addison, TX 75001
      View Details
    • Contact for pricing

      Premium Office Space in Addison

      Modern office space in a central Addison, Texas location.
      4450 Sojourn Dr, Addison, TX 75001
      View Details
    • $23 SF/Yr
      16,180 SF

      Renovated Office Building with Amenities

      Class A office building with modern amenities and convenient location.
      14131 Midway Rd, Addison, TX 75001
      View Details
    • Contact for pricing
      5,597 SF

      Addison Freestanding Office Building

      Freestanding office building in Addison, Texas, near Addison Airport.
      4800 Broadway St, Addison, TX 75001
      View Details
    • Contact for pricing
      191,443 SF

      Addison Office Space Available

      289,340 SF office space for lease in Addison, TX.
      15601 Dallas Pkwy, Addison, TX 75001
      View Details
    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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