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Property profile & analytics
OFF-MARKET
Estimated value
$1,165,000
Office buildings
4560 Belt Line Rd Addison, TX 75001-4505
Entity Owned
10-yr Hold
~
Est. High Equity
Property ID
US82-3876973
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1973
Construction
FRAME
Total area
36,963 SF
Lot
2.21 ac (96,180 SF)
Zoning code
Z32
APN
10000910563200000
UPID
US82-3876973
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
-
Art 101 Industrial Manufacturer Production Facility
-
Harkinson Development Corporation Real Estate Agency
-
Carolyn Frani Interiors, LLC Interior Design Home Decor Store
-
Studio 4:13 Hair Replacement Hair Salon
-
Harkinson Dewan Commercial Property Management Company
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.04M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.30M
Blend (final)
Blend
$1.17M
Owner & transaction history
Gibby Addison Park LLC · 10 yrs held
Gibby Addison Park LLC
since 2016
4 recorded transactions
Zoning & alternative use
Z32 · Addison, TX
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Neighborhood: shopping center
$1.6M
+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
$1,035,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
OFFICE BUILDING
$1,575,000
Current use
NEIGHBORHOOD: SHOPPING CENTER
$1,600,000
Change: +2% · Conversion: Difficult
INDUSTRIAL (GENERAL)
$1,265,000
Change: -20% · Conversion: Difficult
Blend value · Realmo final
$1.17M
Range $1.05M – $1.28M · ±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
$32 / 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
$96,625
Tax year 2023
Assessed value
$4,455,000
Assessed 2023
Previous assessed
$4,455,000
+0.0% YoY
Effective rate
2.17%
On assessed value
Assessed land
$1,442,700
Assessed improvement
$3,012,300
Land market value
$1,442,700
Improvement market value
$3,012,300
Total market value
$4,455,000
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
1973
Construction
FRAME
Heating
CENTRAL
Cooling
CENTRAL
Buildings
2
Stories
3
Total area
36,963 SF
Lot
2.21 ac (96,180 SF)
Zoning code
Z32
APN
10000910563200000
UPID
US82-3876973
Jurisdiction
DALLAS
Metro division
DALLAS-PLANO-IRVING, TX METROPOLITAN DIVISION
Zoning & alternative use
Z32 · Addison, TX
Zoning Z32 · permitted uses
Z32 · 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
$1.6M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$1.6M
INDUSTRIAL (GENERAL)
Est. value
$1.3M
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
1973
Construction
FRAME
Heating
CENTRAL
Cooling
Yes
Stories
3
Buildings
2
Lot
2.21 ac
Current owner
From public records · entity-resolved
Gibby Addison Park LLC
Entity
Mailing address
4560 BELT LINE RD STE #400, ADDISON, TX 75001-4563
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2016
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 12, 2016
—
Addison Park Ltd
—
Deed
related
$444,746 · Honeywell Building Solutions
Jan 22, 2016
—
Gibby Addison Park LLC
Gibby Family Living Trust
Quit Claim Deed
related
$8,200,000 · Miscellaneous Ins Co
Feb 14, 2011
—
Gibby Family Living Trust
Gibby,john F & Mabel K
Quit Claim Deed
related
$7,000,000 · Minnesota Life Insurance Co
—
—
Addison Park Ltd
—
Deed Of Trust
related
$444,746 · Honeywell Building Solutions
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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