Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    The Largest CRE Database in the US with Over 1 Million Listings

    3201 W Royal Ln Irving, TX

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Lease
    Contact for pricing

    Flex space with warehouse and office components available for lease.

    Type:FLEX_R_AND_D
    Property size:
    10,336 SF
    Lot size:
    4.70 Acres
    Added:
    Sep 16, 2024
    Days on Market:
    590
    Last Refresh:
    Apr 5 at 9:55 pm

    Property Features for 3201 W Royal Ln

    General Information

    Standard status
    Active
    Size
    10,336 SF
    Lot size
    4.70 Acres
    Property subtype
    FLEX_R_AND_D

    Spaces For Lease

    at 3201 W Royal Ln Contact us

    We can help!

    Listing Contact
    Russ Johnson
    Russ Johnson

    Listing agent Russ Johnson License #488707

    Listing office JLL | Dallas

    Listing date Sep 16, 2024

    Source Moodyscre

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    All listing content including descriptions, pricing, images are the copyrighted material of JLL | Dallas

    Overview

    Irving Flex Space Available

    This flex space property in Irving, Texas, offers a total area of 10,336 square feet. Suite 150 features an open office layout with over 1,800 square feet of warehouse space. The property provides a parking ratio of 4.5 spaces per 1,000 square feet. It benefits from excellent accessibility and visibility due to its Royal Lane address. A DART bus stop is located within one block of the property.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    PS Business Parks Real Estate Agency Uncle Julio's Corporation ... Corporate Office Appliance Warehouse of America ... Corporate Office

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Gym & Fitness Center

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

    Location Insight

    • Map
    • Local Demand
    City
    Irving
    County
    Dallas
    State
    Texas
    Longitude
    -96.9885
    Latitude
    32.9119

    Nearby Similar for Lease

    • $25 SF/Yr

      New Office Space in Irving

      Shell space available for medical or general business office.
      8500 Olympus Boulevard, Irving, TX 75063
      View Details
    • $5,400/Mo

      Las Colinas Office Condo Suite

      Second-generation office condo in Irving, TX, available for lease.
      1111 Kinwest Parkway, Irving, TX 75063
      View Details
    • $3,000/Mo

      Versatile Office Building with Charm

      Spacious office building with five rooms and three bathrooms.
      1905-a Hard Rock Road, Irving, TX 75061
      View Details
    • $1,400/Mo

      Retail Storefront in Heritage Crossing

      Retail space in Irving's Historic Heritage Crossing District.
      130 S Main Street, Irving, TX 75060
      View Details
    • $12 SF/Yr

      Versatile Warehouse and Office Spaces

      Multiple warehouse and office suites available for lease in Irving.
      111 N Nursery Road, Irving, TX 75061
      View Details
    • $3,600/Mo

      Flex Office Showroom in Irving

      Multi-tenant flex office showroom near Downtown Irving Historical District.
      400 E Pioneer Drive, Irving, TX 75061
      View Details
    • $20 SF/Yr

      Former Childcare Facility in Irving

      8,202 sqft building on 1.39 acres, ideal for various uses.
      504 Ranch Trail, Irving, TX 75063
      View Details
    • $3,650/Mo

      Prime Retail Space in Irving

      High-traffic retail space available in Irving, TX after January 2026.
      1108 W Pioneer Drive, Irving, TX 75061
      View Details
    • $1,612/Mo

      Irving Office Space For Lease

      Single-story office building in Irving, Texas, available for lease.
      1610 Corporate Court, Irving, TX 75038
      View Details
    • $4,183/Mo

      Irving Office Space For Lease

      Single-story office building near President George Bush and John Carpenter Freeway.
      1610 Corporate Court, Irving, TX 75038
      View Details
    • $3,000/Mo

      Medical Office Near Major Hospitals

      Move-in ready medical office space near top healthcare facilities.
      3501 N Macarthur Boulevard, Irving, TX 75062
      View Details
    • $2,350/Mo

      Furnished Office Space in Irving

      Fully-furnished office spaces with amenities in Irving, Texas.
      511 E John W Carpenter Freeway, Irving, TX 75039
      View Details

    FAQs

    What type of property is this?
    Flex space - Flex space with warehouse and office components available for lease.
    Where is this flex space located?
    The property is located at 3201 W Royal Ln Irving, TX.
    What are key features of this property?
    This property features: Open office with 1,800+ SF warehouse; Prominent visibility with Royal Lane address; Excellent ingress/egress on Royal Lane
    (214) 438-1586 Call to check price and availability
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Russ Johnson
    Russ Johnson
    Real Estate License ID: 488707
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!