16633 Dallas PkwyAddison, TX 75001

Property Details for 16633 Dallas Pkwy

Year built

1997

Construction

FRAME

Lot size

5.69 AC

Property size (Sq ft)

205,036 SF

Zone code

Z32

Property type

Office buildings

APN

10004530010020000

APU

10004530010020000

Description

One Hanover Park, located at 16633 Dallas Parkway in Addison, Texas (zip code 75001), offers exceptional medical office space in a prime location. This eight-story, Class A building boasts a total of 195,754 square feet, with 10 currently available suites ranging from 1,401 to 25,859 contiguous square feet. A significant 103,133 square feet is currently vacant, presenting a unique opportunity for expansion or relocation. The building, constructed in 1998, is situated in Dallas County, offering convenient access to major transportation arteries. Its location on the Dallas North Tollway, a few blocks north of Addison Circle, provides easy access to the LBJ Freeway and I-635 in both directions, ensuring seamless commutes for staff and clients. The building's multiple tenancy structure allows for flexibility in lease terms and space requirements. This property represents a rare opportunity to secure high-quality, well-located medical office space in a thriving area of Addison. The minimum divisible space is 1,401 square feet, making it suitable for a range of medical practices, from small clinics to larger multi-specialty groups. The building's Class A designation reflects its superior construction, amenities, and overall quality. This is an ideal location for businesses seeking exceptional accessibility, value, and a prestigious address.

• CAP approach

  CAP return

  Valuation

  6%

  $40,698,932

  6.5%

  $37,568,244

  7%

  $34,884,796

• Comparable approach

  Method

  Valuation

  Relative Method

  $29,365,530

  Geo Method

  $24,669,932

• Alternative Use

  Use

  Valuation

  Residential

  $46,584,620

  Hospitality

  $42,671,264

  Educational

  $35,501,992

  Medical

  $36,722,956

  Retail

  $55,225,316

Location Insight

City

Addison

County

Dallas

State

Texas

Latitude

32.9767

Longitude

-96.8271

CBSA code

19100

CBSA name

DALLAS-FORT WORTH-ARLINGTON, TX METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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