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First Place 4851 Keller Springs Rd 51,426 SF 50% Leased Flex Building Addison, TX 75001 For Sale



Investment Highlights
- Ultimate Location - Addison Urban Village Corner
- Priced below replacement cost
- Value-Add with below market rents and lease-up
Executive Summary
Value Add Opportunity: substantial upside potential with current below market rents and lease-up. 4851 Keller Springs Road is a long-term family-owned & managed asset in Addison’s Urban Village. Ideal for an owner / user or an investor.
Property Facts Under Contract
| Sale Type | Investment or Owner User | Rentable Building Area | 51,426 SF |
| Property Type | Flex | No. Stories | 1 |
| Property Subtype | Light Distribution | Year Built | 1980 |
| Building Class | B | Parking Ratio | 2.55/1,000 SF |
| Lot Size | 3.31 AC | ||
| Zoning | PD - Addison - Commercial | ||
| Sale Type | Investment or Owner User |
| Property Type | Flex |
| Property Subtype | Light Distribution |
| Building Class | B |
| Lot Size | 3.31 AC |
| Rentable Building Area | 51,426 SF |
| No. Stories | 1 |
| Year Built | 1980 |
| Parking Ratio | 2.55/1,000 SF |
| Zoning | PD - Addison - Commercial |
Amenities
- 24 Hour Access
- Courtyard
- Property Manager on Site
- Signage
- Air Conditioning
- Breakroom
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease Type
- Lease End
Formed in 1977 as Duane Whitlow & Co., Inc., their simple mission has been to make the customer the most important part of their business. Not the product, not the vendor, but the relationship with the customer. Their early emphasis as an IT company was on disk, tape, and I/O devices. In 1987, they entered the leasing market, with fair market leases of printers, controllers, and modems. 9600 baud modems were all the rage, but they were on the "bleeding edge" when 56KB became the standard. Their partnership with Skyline advanced training helps them get IT people trained and less reliant on those expensive consultants. They work with end users, manufacturers, and others to free up space and lower the total cost of ownership of IT hardware.
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We have been in the Real Estate business in the Dallas area since 1978. We are focused on providing you with the best results and service in the industry. We listen carefully to understand your real estate goals and work hard to create solutions that make sense for you. Whether you are a buyer, seller or investor, experienced or new to the market, we have the expertise, proven track record and resources to help you achieve your real estate goals. We use some unique and creative sales tools that provide several options depending on the seller's needs, timing and results needed. We specialize in helping sellers to maximize their profit potential when selling their home. We also specialize in owner financed properties for buyers that need or want the potential advantages over traditional mortgage financing.
Started in 1975, FEC Technical Services is a complete technology solution provider. We are 100% committed to making sure business owners have the most reliable and professional IT service in the Dallas/Fort Worth area. Our team of talented IT professionals can solve your IT nightmares once and for all.Our custom service packages deliver what you need and want without overstepping the boundaries of your budget. From cloud services to data backup, FEC Technical Services is here to team up with you and your company for expert support.
We are a privately held company that has provided real estate investment information for the past four decades. Our primary purpose is to provide specific, accurate, and timely information on the subject of real estate foreclosures in the Dallas / FtWorth metroplex. Mission Statement To provide products, services, and seminars that improves productivity and profitability of Real Estate investors and individuals. Corporate Philosophy To maintain our position as the leading information provider in the foreclosure real estate industry, by researching, creating, and providing the highest quality products, services, and seminars available. To think of our customers end result, increased productivity and profit in each word and action we take. To create a relationship with our customers that is based on integrity, reliability and quality service.
Housing Improvements was established with the purpose to add value to our community through high level of workmanship and excellent customer service. Our integrity, high morals, honesty and a high standard for quality work makes us the best choice in the market for you. With over 10 years of experience we have been serving the DFW and surrounding areas. We pride ourselves on the fact that the completion of projects is above our client's expectations and in a timely manner. At Housing Improvements we treat our customers the way we would like to be treated, that's just the way to do business. Once you hire us to design and complete your home remodeling project you can expect personalized service. We give you the personalized attention that will make your dream a reality. No remodeling project is too big or too small for our experienced team. We offer solid guarantees on services and installations to ensure customer's satisfaction. We are building customers for a life time so we want
We hope that your stay today in this place will bring abundant blessings for you and your family. Our goal in gathering together is that we can grow in the knowledge of the Word of God. You and your family are the most important thing to us. The purpose of God in our life is to grow spiritually, emotionally and physically, so that everything around us thrives. Each series of messages shared here are designed for that purpose. We believe and trust that after being exposed to the presence of God and his Word we will not be the same again. Church Growth of Life
My job, as your Agent, Is to offer you the Coverage that will best Protect your quality of life, should a claim occur. As an Independent Agent, I know that one size does not fit all and one carrier is not going to fit all of my clients needs. In the past, consumers had the main carriers and would go to a captive agent, to find the policy they needed to protect their family. Around ten years ago, insurance companies took to the internet to offer their products online. Soon after, people started feeling as though they were the experts and handled their polices online themselves. This wasn't a bad thing until the incident occurred that was not covered in the policy that was purchased on line with no input from an agent. This meant that the consumer was responsible for the total bill of the occurrence, and they still had to pay the premiums for the insurance that they chose from the on line source.
- Roddy Real Estate
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Texas Microbial Applications, Inc. (TMA) is a holding company comprised of several subsidiaries, all associated with the recycling of waste materials and the manufacturing of “in-vessel” composting equipment to recycle animal, human and food waste. TMA, d/b/a BW Organics, is a 20 year-old company that manufactures “in-vessel” composting equipment with its facility in Sulphur Springs, Texas. The equipment is sold to the dairy industry, meat packing industry, sanitary sewer facilities, and commercial food waste facilities (prisons, schools, military installations, grocery stores and others). This equipment recycles the waste and prevents pollution, reduces green house gases at landfills, and prevents ground and water pollution. These waste materials are converted to economically viable compost, planting soil and other products that studies have shown to increase crop production, while reducing the requirement for water.
| Tenant | Industry | SF Occupied | Rent/SF | Lease Type | Lease End | |
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Professional, Scientific, and Technical Services | - | - | - | - | |
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Real Estate | - | - | - | - | |
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Real Estate | - | - | Full Service | Sep 2025 | |
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Rental and Leasing Services | - | - | - | - | |
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Real Estate | - | - | - | Aug 2005 | |
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Construction | - | - | - | - | |
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Services | - | - | Full Service | Mar 2018 | |
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Finance and Insurance | - | - | - | - | |
| Roddy Real Estate | Real Estate | - | - | - | - | |
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Administrative and Support Services | - | - | - | - |
Space Availability
- Space
- Size
- Space Use
- Build-Out
- Available
The property includes 8 foot ceiling warehouse accommodations suitable for a variety of users who require storage or light industrial capabilities. Dock-high and ramp loading is available for efficient logistics, and on-site ownership ensures responsive property management. The building is part of a well-established submarket in close proximity to Addison Airport, major business hubs, and a growing mix of corporate offices and retail conveniences. This location combines logistical efficiency with professional surroundings, enhancing both operational performance and client accessibility.
First Place offers flexible office suites in a well-maintained building located near Keller Springs Road in Addison, TX. The property benefits from a large surface parking area, an inviting courtyard, and an electronic directory in the recently updated lobby. Its central location provides convenient access to Addison Circle, Addison Airport, major roadways, and the Dallas North Tollway. Small offices are move-in ready, while larger speculative suites are also available. The property is fully air-conditioned and provides 24-hour access, supported by on-site ownership and management. Competitive full-service lease rates make First Place an attractive option for businesses seeking functional and accessible office accommodations in a growing, dynamic area.
First Place offers flexible office suites in a well-maintained building located near Keller Springs Road in Addison, TX. The property benefits from a large surface parking area, an inviting courtyard, and an electronic directory in the recently updated lobby. Its central location provides convenient access to Addison Circle, Addison Airport, major roadways, and the Dallas North Tollway. Small offices are move-in ready, while larger speculative suites are also available. The property is fully air-conditioned and provides 24-hour access, supported by on-site ownership and management. Competitive full-service lease rates make First Place an attractive option for businesses seeking functional and accessible office accommodations in a growing, dynamic area.
First Place offers flexible office suites in a well-maintained building located near Keller Springs Road in Addison, TX. The property benefits from a large surface parking area, an inviting courtyard, and an electronic directory in the recently updated lobby. Its central location provides convenient access to Addison Circle, Addison Airport, major roadways, and the Dallas North Tollway. Small offices are move-in ready, while larger speculative suites are also available. The property is fully air-conditioned and provides 24-hour access, supported by on-site ownership and management. Competitive full-service lease rates make First Place an attractive option for businesses seeking functional and accessible office accommodations in a growing, dynamic area.
First Place offers flexible office suites in a well-maintained building located near Keller Springs Road in Addison, TX. The property benefits from a large surface parking area, an inviting courtyard, and an electronic directory in the recently updated lobby. Its central location provides convenient access to Addison Circle, Addison Airport, major roadways, and the Dallas North Tollway. Small offices are move-in ready, while larger speculative suites are also available. The property is fully air-conditioned and provides 24-hour access, supported by on-site ownership and management. Competitive full-service lease rates make First Place an attractive option for businesses seeking functional and accessible office accommodations in a growing, dynamic area.
First Place offers flexible office suites in a well-maintained building located near Keller Springs Road in Addison, TX. The property benefits from a large surface parking area, an inviting courtyard, and an electronic directory in the recently updated lobby. Its central location provides convenient access to Addison Circle, Addison Airport, major roadways, and the Dallas North Tollway. Small offices are move-in ready, while larger speculative suites are also available. The property is fully air-conditioned and provides 24-hour access, supported by on-site ownership and management. Competitive full-service lease rates make First Place an attractive option for businesses seeking functional and accessible office accommodations in a growing, dynamic area.
First Place offers flexible office suites in a well-maintained building located near Keller Springs Road in Addison, TX. The property benefits from a large surface parking area, an inviting courtyard, and an electronic directory in the recently updated lobby. Its central location provides convenient access to Addison Circle, Addison Airport, major roadways, and the Dallas North Tollway. Small offices are move-in ready, while larger speculative suites are also available. The property is fully air-conditioned and provides 24-hour access, supported by on-site ownership and management. Competitive full-service lease rates make First Place an attractive option for businesses seeking functional and accessible office accommodations in a growing, dynamic area.
| Space | Size | Space Use | Build-Out | Available |
| 1st Fl - 150-Industrial | 7,800 SF | Industrial | Partial Build-Out | Now |
| 1st Fl-Ste 209 | 847 SF | Office | Full Build-Out | Now |
| 1st Fl-Ste 213 | 2,247 SF | Office | Full Build-Out | Now |
| 1st Fl-Ste 214A | 1,560 SF | Office | Full Build-Out | Now |
| 1st Fl-Ste 214B | 1,285 SF | Office | Full Build-Out | Now |
| 1st Fl-Ste 225 | 746 SF | Office | Full Build-Out | Now |
| 1st Fl-Ste 226 | 1,004 SF | Office | Full Build-Out | Now |
1st Fl - 150-Industrial
| Size |
| 7,800 SF |
| Space Use |
| Industrial |
| Build-Out |
| Partial Build-Out |
| Available |
| Now |
1st Fl-Ste 209
| Size |
| 847 SF |
| Space Use |
| Office |
| Build-Out |
| Full Build-Out |
| Available |
| Now |
1st Fl-Ste 213
| Size |
| 2,247 SF |
| Space Use |
| Office |
| Build-Out |
| Full Build-Out |
| Available |
| Now |
1st Fl-Ste 214A
| Size |
| 1,560 SF |
| Space Use |
| Office |
| Build-Out |
| Full Build-Out |
| Available |
| Now |
1st Fl-Ste 214B
| Size |
| 1,285 SF |
| Space Use |
| Office |
| Build-Out |
| Full Build-Out |
| Available |
| Now |
1st Fl-Ste 225
| Size |
| 746 SF |
| Space Use |
| Office |
| Build-Out |
| Full Build-Out |
| Available |
| Now |
1st Fl-Ste 226
| Size |
| 1,004 SF |
| Space Use |
| Office |
| Build-Out |
| Full Build-Out |
| Available |
| Now |
1st Fl - 150-Industrial
| Size | 7,800 SF |
| Space Use | Industrial |
| Build-Out | Partial Build-Out |
| Available | Now |
The property includes 8 foot ceiling warehouse accommodations suitable for a variety of users who require storage or light industrial capabilities. Dock-high and ramp loading is available for efficient logistics, and on-site ownership ensures responsive property management. The building is part of a well-established submarket in close proximity to Addison Airport, major business hubs, and a growing mix of corporate offices and retail conveniences. This location combines logistical efficiency with professional surroundings, enhancing both operational performance and client accessibility.
1st Fl-Ste 209
| Size | 847 SF |
| Space Use | Office |
| Build-Out | Full Build-Out |
| Available | Now |
First Place offers flexible office suites in a well-maintained building located near Keller Springs Road in Addison, TX. The property benefits from a large surface parking area, an inviting courtyard, and an electronic directory in the recently updated lobby. Its central location provides convenient access to Addison Circle, Addison Airport, major roadways, and the Dallas North Tollway. Small offices are move-in ready, while larger speculative suites are also available. The property is fully air-conditioned and provides 24-hour access, supported by on-site ownership and management. Competitive full-service lease rates make First Place an attractive option for businesses seeking functional and accessible office accommodations in a growing, dynamic area.
1st Fl-Ste 213
| Size | 2,247 SF |
| Space Use | Office |
| Build-Out | Full Build-Out |
| Available | Now |
First Place offers flexible office suites in a well-maintained building located near Keller Springs Road in Addison, TX. The property benefits from a large surface parking area, an inviting courtyard, and an electronic directory in the recently updated lobby. Its central location provides convenient access to Addison Circle, Addison Airport, major roadways, and the Dallas North Tollway. Small offices are move-in ready, while larger speculative suites are also available. The property is fully air-conditioned and provides 24-hour access, supported by on-site ownership and management. Competitive full-service lease rates make First Place an attractive option for businesses seeking functional and accessible office accommodations in a growing, dynamic area.
1st Fl-Ste 214A
| Size | 1,560 SF |
| Space Use | Office |
| Build-Out | Full Build-Out |
| Available | Now |
First Place offers flexible office suites in a well-maintained building located near Keller Springs Road in Addison, TX. The property benefits from a large surface parking area, an inviting courtyard, and an electronic directory in the recently updated lobby. Its central location provides convenient access to Addison Circle, Addison Airport, major roadways, and the Dallas North Tollway. Small offices are move-in ready, while larger speculative suites are also available. The property is fully air-conditioned and provides 24-hour access, supported by on-site ownership and management. Competitive full-service lease rates make First Place an attractive option for businesses seeking functional and accessible office accommodations in a growing, dynamic area.
1st Fl-Ste 214B
| Size | 1,285 SF |
| Space Use | Office |
| Build-Out | Full Build-Out |
| Available | Now |
First Place offers flexible office suites in a well-maintained building located near Keller Springs Road in Addison, TX. The property benefits from a large surface parking area, an inviting courtyard, and an electronic directory in the recently updated lobby. Its central location provides convenient access to Addison Circle, Addison Airport, major roadways, and the Dallas North Tollway. Small offices are move-in ready, while larger speculative suites are also available. The property is fully air-conditioned and provides 24-hour access, supported by on-site ownership and management. Competitive full-service lease rates make First Place an attractive option for businesses seeking functional and accessible office accommodations in a growing, dynamic area.
1st Fl-Ste 225
| Size | 746 SF |
| Space Use | Office |
| Build-Out | Full Build-Out |
| Available | Now |
First Place offers flexible office suites in a well-maintained building located near Keller Springs Road in Addison, TX. The property benefits from a large surface parking area, an inviting courtyard, and an electronic directory in the recently updated lobby. Its central location provides convenient access to Addison Circle, Addison Airport, major roadways, and the Dallas North Tollway. Small offices are move-in ready, while larger speculative suites are also available. The property is fully air-conditioned and provides 24-hour access, supported by on-site ownership and management. Competitive full-service lease rates make First Place an attractive option for businesses seeking functional and accessible office accommodations in a growing, dynamic area.
1st Fl-Ste 226
| Size | 1,004 SF |
| Space Use | Office |
| Build-Out | Full Build-Out |
| Available | Now |
First Place offers flexible office suites in a well-maintained building located near Keller Springs Road in Addison, TX. The property benefits from a large surface parking area, an inviting courtyard, and an electronic directory in the recently updated lobby. Its central location provides convenient access to Addison Circle, Addison Airport, major roadways, and the Dallas North Tollway. Small offices are move-in ready, while larger speculative suites are also available. The property is fully air-conditioned and provides 24-hour access, supported by on-site ownership and management. Competitive full-service lease rates make First Place an attractive option for businesses seeking functional and accessible office accommodations in a growing, dynamic area.
Property Taxes
| Parcel Number | 10000919671100000 | Improvements Assessment | $2,709,410 |
| Land Assessment | $2,101,400 | Total Assessment | $4,810,810 |















