Sign Up Successful!
You now have access to more from Realmo!
    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

    5005 W Royal Ln Irving, TX 75063

    Loading data...
    Loading data...
    Loading data...
    For Lease
    $21 SF/Yr ($1,225 /Mo)

    Office space available for rent featuring reception and two offices.

    Property size:
    700 SF
    Lot size:
    4.07 Acres

    Property Features for 5005 W Royal Ln

    General Information

    Size
    700 SF
    Lot size
    4.07 Acres

    We can help!

    Listing Contact
    Adam Toth
    Source: Moodyscre

    Listing Agency: Boxer Property Management Company - Houston Listing Agent: Adam Toth

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

    Learn more

    Overview

    Office Space in Irving, TX

    This office space, located in Irving, Texas, offers a functional layout including a reception area, one window office, and one interior office. The property encompasses a total area of 700 square feet, suitable for various professional uses.
    Location Intelligence

    Current Use by Public Records

    Sri Software Solutions Software Company Symphony Infotek Inc Software Company Vityou Software Company IMPELSOFT SOLUTIONS CLOUD Software Company SIGMA, INC Software Company

    Suggested Use

    Realty agency Restaurant Spa & Massage Law Firm Hair Salon Nail Salon Auto Repair Shop Gym & Fitness Auto Parts Store Skin Care Clinic

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

    Location Insight

    • Map
    • Local Demand
    City
    Irving
    County
    Dallas
    State
    Texas
    Longitude
    -97.0160458
    Latitude
    32.9218991

    Nearby Similar for Lease

    • $8,834 /Mo
      41,338 SF

      Irving Office Space For Lease

      Single-story office building in Irving, Texas available for lease.
      1610 Corporate Ct, Irving, TX 75038
      View Details
    • $2,300 /Mo

      Office Space in Irving, Texas

      Office space available for lease in Irving, Texas.
      1638 W Irving Blvd, Irving, TX 75061
      View Details
    • $1,595 /Mo
      1,582 SF

      Irving Office Space Available

      Office space for lease in Irving, Texas, spanning 1,582 square feet.
      920 Bluebonnet Dr, Irving, TX 75060
      View Details
    • $4,183 /Mo
      41,338 SF

      Irving Office Space For Lease

      Single-story office building near President George Bush and John Carpenter Freeway.
      1610 Corporate Ct, Irving, TX 75038
      View Details
    • $1,612 /Mo
      41,338 SF

      Irving Office Space For Lease

      Single-story office building in Irving, Texas, available for lease.
      1610 Corporate Ct, Irving, TX 75038
      View Details
    • New
      $1,575 /Mo
      17,860 SF

      Office Space in Irving, TX

      Office space available for rent in Irving, Texas.
      1619 W Irving Blvd, Irving, TX 75061
      View Details
    • $5,000 /Mo
      22,782 SF

      Versatile Office Building with Charm

      Spacious office building with country charm, ideal for businesses.
      1905-a Hard Rock Rd, Irving, TX 75061
      View Details
    • $12 SF/Yr
      178,944 SF

      Versatile Warehouse and Office Spaces

      Multiple warehouse and office suites available for lease in Irving.
      111 N Nursery Rd, Irving, TX 75061
      View Details
    • $3,350 /Mo
      75,925 SF

      Furnished Office Space in Irving

      Fully-furnished office space with amenities in Irving, Texas, for rent.
      511 E John W Carpenter Fwy, Irving, TX 75039
      View Details
    • $20 SF/Yr
      58,762 SF

      Former Childcare Facility in Irving

      8,202 sqft building on 1.39 acres, ideal for various uses.
      504 Ranch Trl, Irving, TX 75063
      View Details
    • $2,350 /Mo
      75,925 SF

      Furnished Office Space in Irving

      Fully-furnished office spaces with amenities in Irving, Texas.
      511 E John W Carpenter Fwy, Irving, TX 75039
      View Details
    • $1,200 /Mo
      75,925 SF

      Furnished Office Space in Irving

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

    FAQs

    What type of property is this?
    Office space - Office space available for rent featuring reception and two offices.
    Where is this office space located?
    The property is located at 5005 W Royal Ln Irving, TX.
    What is the lease rate?
    The lease rate is $21 SF/Yr.
    What are key features of this property?
    This property features: - Reception area for greeting clients and guests.; - One window office offering natural light.; - One interior office suitable for focused work.
    (469) 513-9983
    Request Owner's contact information
    5005 W Royal Ln Irving, TX 75063
    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.
    5005 W Royal Ln
    Irving, TX 75063
    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
    5005 W Royal Ln Irving, TX 75063
    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

    We can help!
    Listing Contact
    Adam Toth
    (469) 513-9983
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.