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Property profile & analytics
OFF-MARKET
Estimated value
$2,030,000
Office buildings
4450 Sojourn Dr Addison, TX 75001-5041
Entity Owned
6-yr Hold
~
Est. High Equity
Property ID
US82-0218277
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1999
Construction
TILT-UP CONCRETE
Total area
93,688 SF
Lot
8.13 ac (354,056 SF)
Zoning code
Z236
APN
100056200A0010000
UPID
US82-0218277
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
-
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.37M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$2.69M
Blend (final)
Blend
$2.03M
Owner & transaction history
4450 Sojourn Drive LLC · 6 yrs held
4450 Sojourn Drive LLC
since 2020
7 recorded transactions
Zoning & alternative use
Z236 · Addison, TX
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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
$1,370,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$3,210,000
Change: -20% · Conversion: Difficult
Blend value · Realmo final
$2.03M
Range $1.83M – $2.23M · ±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
$22 / 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
$200,624
Tax year 2023
Assessed value
$9,250,000
Assessed 2023
Previous assessed
$9,250,000
+0.0% YoY
Effective rate
2.17%
On assessed value
Assessed land
$3,540,560
Assessed improvement
$5,709,440
Land market value
$3,540,560
Improvement market value
$5,709,440
Total market value
$9,250,000
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
1999
Construction
TILT-UP CONCRETE
Heating
CENTRAL
Cooling
CENTRAL
Stories
1
Total area
93,688 SF
Lot
8.13 ac (354,056 SF)
Zoning code
Z236
APN
100056200A0010000
UPID
US82-0218277
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
INDUSTRIAL (GENERAL)
Est. value
$3.2M
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
1999
Construction
TILT-UP CONCRETE
Heating
CENTRAL
Cooling
Yes
Stories
1
Lot
8.13 ac
Current owner
From public records · entity-resolved
4450 Sojourn Drive LLC
Entity
Mailing address
750 N SAINT PAUL ST STE #250, DALLAS, TX 75201-3206
Ownership since
2020
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 31, 2020
—
4450 Sojourn Drive LLC
Caddo Sojourn LP
Grant Deed
$8,971,000 · Texas Bk
Feb 8, 2019
—
Caddo Sojourn LP
Sojourn Office LLC
Quit Claim Deed
related
$6,910,000 · First United Bk
Dec 29, 2016
—
Sojourn Office LLC
M Peruc-lakeview Sojourn LLC
Quit Claim Deed
related
$12,736,600 · Southwest Bk
Feb 28, 2006
—
Pyramid-lakeview Sojourn LLC
Dbsi Lakeview Sojourn LLC
Grant Deed
related
—
Feb 16, 2006
—
Crumbley-lakeview Sojourn LLC
Dbsi Lakeview Sojourn LLC
Grant Deed
related
—
Jan 5, 2006
—
Sojourn L Christenson-lakeview
Dbsi Lakeview Sojourn LLC
Grant Deed
related
—
Dec 27, 2005
—
Waters Duran-lakeview Sojourn
Dbsi Lakeview Sojourn LLC
Grant Deed
related
—
Oct 31, 2005
—
Dbsi Lakeview Sojourn LLC
Wilcox Sojourn Dev Ltd
Quit Claim Deed
related
$9,307,500 · Dbsi 2005 Secured Notes Corp
—
—
Burgess-lakeview Sojourn LLC
—
Deed Of Trust
related
$13,475,000 · Ge Com'l Mtg Corp #2006-c1
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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