16251 Dallas Pkwy, Addison, TX 75001 – Office Building Low Rise 1 - 4 stories

OfficeYear Built 1986Total Assessed Value $78,665,550County Dallas

Property Details

The Office property 16251 Dallas Pkwy, Addison, TX 75001 is located in Dallas County. The specific property type is Office Building Low Rise 1 - 4 stories. The total assessed value of this property is $78,665,550.

The gross building area is 563,506 square feet and the land area is 261,760 square feet for this Office Building Low Rise 1 - 4 stories built in 1986.

Legal description: Sunbelt Center No Tract Acs 6.0092 Vol94155/3422 Dd081294 Co-Dallas 0056100000000 31000561000

$78,665,550

Market Value

8.00%

Cap Rate

N/A

NOI

N/A

Occupancy

Avg Rent

Property Image of 16251 Dallas Pkwy, Addison, TX 75001, Office

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Property Information

Property TypeOffice

Sub Property TypeOffice Building Low Rise 1 - 4 stories

Building Area563,506

Land Size261,760

Land Value$4,973,440

Improved Value$73,692,110

Total Assessed Value$78,665,550

Year Built1986

County NameDallas

Account Number10005610000000000

Cap Rate8.00%

Very Walkable

Good Transit

Bikeable

Amenities

Air ConditioningCentral

Parking Space1773

HeatingCentral

Type ConstructionSteel

No of Stories4

Garage TypeParking structure 0

BasementNo basement

Sales History

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Mortgage History

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Assessment History

Assessment Year ↓	Assessed Land Value ↕	Assessed Improved Value ↕	Assessed Total Value ↕	Market Value ↕	Owner Name ↕	Owner Address ↕	Legal Description ↕	Neighborhood Code ↕	Sub Division ↕	Land Size (SF) ↕	GBA (SF) ↕
2026	$4,973,440	$73,692,110	$78,665,550	$78,665,550	Mary Kay Inc	16251 Dallas Pkwy	Sunbelt Center No Tr...	1CA001	-	261,760	563,506
2025	$4,973,440	$73,692,110	$78,665,550	$78,665,550	Mary Kay Inc	16251 Dallas Pkwy	Sunbelt Center No Tr...	1CA001	Sunbelt Center	261,760	563,506
2024	$4,188,160	$75,811,840	$80,000,000	$80,000,000	Mary Kay Inc	16251 Dallas Pkwy	Sunbelt Center No Tr...	1Ca001	SUNBELT CENTER	261,760	563,506
2023	$4,188,160	$75,811,840	$80,000,000	$80,000,000	Mary Kay Inc	16251 Dallas Pkwy	Sunbelt Center No Tr...	1CA001	SUNBELT CENTER	261,760	563,506
2022	$4,188,160	$74,311,840	$78,500,000	$78,500,000	Mary Kay Inc	16251 Dallas Pkwy	Sunbelt Center No Tr...	1CA001	-	261,760	563,506
2021	$4,188,160	$73,021,840	$77,210,000	$77,210,000	Mary Kay Inc	16251 Dallas Pkwy	Sunbelt Center No Tr...	1CA001	SUNBELT CENTER	261,760	563,506
2020	$4,711,680	$74,303,320	$79,015,000	$79,015,000	Mary Kay Inc	16251 Dallas Pkwy	Sunbelt Center No Tr...	1CA001	-	261,760	563,506
2019	$4,711,680	$69,788,320	$74,500,000	$74,500,000	Mary Kay Inc	16251 Dallas Pkwy	Sunbelt Center No Tr...	1CA001	-	261,760	563,506
2018	$3,402,880	$68,532,120	$71,935,000	$71,935,000	Mary Kay Inc	16251 Dallas Pkwy	Sunbelt Center No Tr...	1CA001	-	261,760	563,506
2017	$3,402,880	$64,997,120	$68,400,000	$68,400,000	Mary Kay Inc	16251 Dallas Pkwy	Sunbelt Center No Tr...	1CA001	-	261,760	563,506

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Rent & Occupancy

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Comparables

Address ↕	Assessors Parcel Number ↕	Property Type ↕	Property Sub Type ↕	Owner Name ↕	County ↕	Miles ↕	Sale Price ↕	Sale Date ↕	Price / SF ↕	Year Built ↕	GBA ↕	Units ↕
16251 Dallas Pkwy, Addison, TX 75001	10005610000000000	Office	Office Building Low Rise 1 - 4 stories	Mary Kay Inc	Dallas	-	-	-	-	1986	563,506	-
12400 Coit Rd, Dallas, TX 75251	007752000A0080000	Office	Office Building Low Rise 1 - 4 stories	Churchill Tower Llc	Dallas	4.9	$ 5,320,000	2024-06-27	$ 18.11	1999	293,806	-
5320 Legacy Dr, Plano, TX 75024	2623491	Office	Office Building Low Rise 1 - 4 stories	Raising Cane S Restaurants Llc	Collin	7.2	$ 42,575,000	2024-08-13	$ 107.95	1988	394,405	-
2221 Lakeside Blvd, Richardson, TX 75082	42076680010030000	Office	Office Building Low Rise 1 - 4 stories	Lakeside Commercial Lp	Dallas	6.5	$ 27,132,000	2024-11-08	$ 32.53	1991	833,937	-
5360 Legacy Dr, Plano, TX 75024	2643898	Office	Office Building Low Rise 1 - 4 stories	Tcal Property Owner Llc	Collin	7.3	$ 29,925,000	2024-11-22	$ 75.87	1985	394,405	-
5340 Legacy Dr, Plano, TX 75024	2645994	Office	Office Building Low Rise 1 - 4 stories	Tcal Property Owner Llc	Collin	7.0	$ 29,925,000	2024-11-22	$ 75.84	1985	394,605	-
750 W John W Carpenter Fwy, Irving, TX 75038	32258050000010000	Office	Office Building Low Rise 1 - 4 stories	Cci Freeway Office Properties	Dallas	9.9	$ 53,200,000	2024-07-19	$ 171.53	1998	310,150	-
6460 Las Colinas Blvd, Irving, TX 75039	32048590010010000	Office	Office Building Low Rise 1 - 4 stories	Citigroup Technology Inc	Dallas	8.9	$ 64,888,040	2024-12-09	$ 269.65	2005	240,639	-
2828 N Harwood St, Dallas, TX 75201	000930000201A0000	Office	Office Building Low Rise 1 - 4 stories	2828 North Harwood Owner Lp	Dallas	12.3	$ 73,000,000	2025-04-01	$ 305.04	1998	239,316	-
8111 Lbj Fwy, Dallas, TX 75251	0077560E0009B0000	Office	Office Building Low Rise 1 - 4 stories	Silver Star Cre Llc	Dallas	4.6	$ 10,319,603	2024-08-14	$ 38.07	1982	271,089	-
2400 Dallas Pkwy, Plano, TX 75093	2107904	Office	Office Building Low Rise 1 - 4 stories	Pc 2400 Ll Llc	Collin	4.2	$ 24,671,500	2025-06-27	$ 96.87	1999	254,691	-

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Nearby Lenders

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Lender Name ↕	Property Address ↕	Loan Date ↕	Mortgage Amount ↕	Land Size (SF) ↕	Year Built ↕	GBA (SF) ↕	Total Assessed Value ↕	Land Assessed Value ↕	Borrower ↕
—	16251 Dallas Pkwy, Addison, TX 75001	—	-	261,760	1986	563,506	$ 78,665,550	$ 4,973,440	-
Veritex Community Bank	16400 Dallas Pkwy, Dallas, TX 75248	07/10/2025	$ 16,210,000	250,514	2014	128,914	$ 27,500,000	$ 5,636,570	Knoll Trail Office Partners Lp
Worthington Bank	3116 W Kellway Dr, Carrollton, TX 75006	06/26/2025	$ 2,260,000	53,884	1999	14,742	$ 2,498,920	$ 646,610	Black Polos Llc
Dominion Bank	16380 Addison Rd, Addison, TX 75001	06/13/2025	$ 1,500,000	23,958	2006	4,620	$ 1,297,930	$ 359,370	Scarborough Building Partners
Velocity Commercial Cap Llc	17440 Dallas Pkwy, Dallas, TX 75287	06/11/2025	$ 3,619,000	85,467	1983	55,483	$ 5,720,417	$ 2,820,411	Overmore Llc
Vista Bank	4570 Westgrove Rd, Addison, TX 75001	04/25/2025	$ 128,700	0	1985	114,159	$ 7,654,400	-	Westgrove Aviation Group Llc
Security Natl Bank Of Omaha	4397 Westgrove Rd, Addison, TX 75001	03/11/2025	$ 1,287,454	21,493	2014	3,388	$ 423,500	$ 214,930	Kyariance Llc
Guaranty Bank & Trust Na	17400 Dallas Pkwy, Dallas, TX 75287	01/31/2025	$ 150,000	21,117	1979	5,532	$ 656,230	$ 475,130	Dkmp Investments Llc
Guaranty Bank & Trust	17400 Dallas Pkwy, Dallas, TX 75287	01/31/2025	$ 150,000	60,522	1980	33,146	$ 4,138,404	$ 1,997,226	Dkmp Investments Llc
Firstcitizens Bank & Trust Co	16818 Dallas Pkwy, Dallas, TX 75248	01/30/2025	$ 1,015,000	14,375	1979	6,800	$ 1,271,120	$ 323,440	Rkfm Holding Group Llc
Greater Texas Capital Corp	16818 Dallas Pkwy, Dallas, TX 75248	01/30/2025	$ 748,000	14,375	1979	6,800	$ 1,271,120	$ 323,440	-

Mean$ 45,328,413

Median$ 1,443,750.0

Loan Amount Range$ 128,700 - $ 567,429,000

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Tenant Details

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Property Address ↕	Owner Name ↕	Phone ↕	Industry Description ↕
16251 DALLAS PKWY, ADDISON, TX 75001-6820	MARY KAY PROTECTIVE SVC LLC	9726875763	SECURITY SYSTEMS CONSULTANTS
16251 DALLAS PKWY, ADDISON, TX 75001-6801	JOAN HENRY	2404231628	NONCLASSIFIED ESTABLISHMENTS
16251 DALLAS PKWY, ADDISON, TX 75001-6801	KLEIN, KIMBERLY NP	9726876900	NURSES-PRACTITIONERS
16251 DALLAS PKWY, ADDISON, TX 75001-6820	MARY KAY GLOBAL	9726875300	COSMETICS & PERFUMES-RETAIL
16251 DALLAS PKWY, ADDISON, TX 75001-6801	CHRIS RICHEY	9726874320	NONCLASSIFIED ESTABLISHMENTS
16251 DALLAS PKWY, ADDISON, TX 75001-6820	MARY KAY MUSEUM	9726875720	MUSEUMS

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License Details

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