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    350 Royal Ln Irving, TX 75039

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    For Sale
    Contact for pricing

    159,478 SF Multi-Tenant Office Building

    Property size:
    159,478 SF

    Description

    Added:
    Jan 24, 2025
    Days on Market:
    347
    This exceptional 159,478 square foot, multi-tenant office building, located at 350 E Royal Ln, Irving, TX 75039, presents a compelling investment opportunity. Constructed in 1982, this Class A flex building sits on an 8.23-acre lot in the Dallas County, Texas area and boasts a remarkable 96% occupancy rate. A significant portion (22%) is currently occupied by Cal Closet's retail operations under a brand new 10-year NNN lease. The property benefits from an attractive NNN lease structure across all tenants, with an average rental rate of $11.14 per square foot, offering strong replaceability. The strategic location within a synergistic flex/light manufacturing corridor, coupled with convenient access to both HWY 114 and HWY 161 (PGBT), ensures high visibility and accessibility. The high trade area, situated off Royal Lane (over 13,000 vehicles per day), further enhances its appeal. The average household income within a 3-mile radius is $119,214, significantly above the national average. The property features a staggered lease turnover and an average remaining lease term exceeding 5 years, providing long-term stability and predictable cash flow. This fully stabilized flex property represents a rare opportunity to acquire a high-performing asset in a prime location.

    Property Features for 350 Royal Ln

    General Information

    Property type
    Office Properties & Spaces
    Square Feet
    159,478 SF
    Lot Size
    358,499 SF

    Building Details

    Year Built
    1982

    HighLights

    • Class A flex building, 159,478 square feet.
    • Brand new 10‑year NNN lease with Cal Closet (22% occupancy).
    • Attractive NNN lease structure; average rental rate $11.14/SF.
    • Located in a synergistic flex/light manufacturing corridor.
    • High average household income ($119,214) within a 3‑mile radius.
    • Staggered lease expirations.
    Property Profile Location Intelligence

    Current Use by Public Records

    Showbusiness Studios Event Venue SpeedPro Irving Business To Business Service Communications Complex Business Park Monkedia Corporate Office Impact Forklift Solutions Forklift Dealer

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Irving
    County
    Dallas
    State
    Texas
    Longitude
    -96.9409068
    Latitude
    32.893624

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    FAQs

    What type of property is this?
    Office Property / Space - 159,478 SF Multi-Tenant Office Building
    Where is this office property / space located?
    The property is located at 350 Royal Ln Irving, TX.
    What are key features of this property?
    This property features: Class A flex building, 159,478 square feet.; Brand new 10-year NNN lease with Cal Closet (22% occupancy).; Attractive NNN lease structure; average rental rate $11.14/SF.
    Request Owner's contact information
    350 Royal Ln Irving, TX 75039
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    350 Royal Ln Irving, TX 75039
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