Flex Space with Grade-Level
For Sale
Contact for pricing
3033 West Royal Lane, Irving, TX 75063
Light-industrial zoning, polished improvements, and exterior storage potential support varied business operations.
Property Size16,197 SF
Lot Size1.28 Acres
Price / SF$203.43
Days on Market61
Property Features for 3033 West Royal Lane
General Information
Standard status
Active
Size
16,197 SF
Lot size
1.28 Acres
Property subtype
Special Purpose, Industrial, Office
Zoning
ML-20A
Site & Location
Neighborhood
Las Colinas Assc.
Highway Access
Yes
Warehouse & Industrial
Clear Height
14 ft
Drive-In Doors
1
Listing Agency:
Morgan Realty Group
Listed By:
ERIC MORGAN · License #9002258
Source:
Crexi
Added: Sep 3
Changed: Oct 25
Last Checked: Nov 1 at 5:55AM
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 Morgan Realty Group
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Investment Insights
Based on property information with market context.
This ±16,197 SF flex property occupies a ±1.28-acre site and is configured for businesses needing both interior workspace and functional industrial capacity. The building includes a high-end interior finish-out, ±14-foot clear heights, and one grade-level door. Abundant parking is available, with potential for screened outside storage for vehicles, equipment, inventory, or other business materials.
The property is located at 3033 West Royal Lane in Irving’s Las Colinas submarket and is zoned ML-20A (Light Industrial) per the City of Irving. Its setting provides access to I-635, SH 114, and SH 161, with DFW International Airport minutes away. Hackberry Creek Country Club and Golf Course is also nearby.
The property is located at 3033 West Royal Lane in Irving’s Las Colinas submarket and is zoned ML-20A (Light Industrial) per the City of Irving. Its setting provides access to I-635, SH 114, and SH 161, with DFW International Airport minutes away. Hackberry Creek Country Club and Golf Course is also nearby.
Key Highlights
- ±16,197 SF flex building on a ±1.28‑acre site
- ML‑20A (Light Industrial) zoning per the City of Irving
- ±14‑foot clear heights and one grade‑level door
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$170,554
Cap Rate
5.18%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,411,080
$3.4M
Cap Rate 7%
$2,436,486
$2.4M
Cap Rate 9%
$1,895,044
$1.9M
Market Conditions
NOI Build-Up for 16,197 SF
Gross rent
$291.5K $18.00/SF
− Vacancy
−$29.2K −$1.80/SF
EGI
$262.4K $16.20/SF
− OpEx
−$91.8K −$5.67/SF
NOI
$170.6K $10.53/SF
Area
Irving, TX
Vacancy
10.00%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
35.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,411,080
Cap Rate 7%
$2,436,486
Cap Rate 9%
$1,895,044
Alternative Uses
Best Use
Flex RnD
$2.44M
$2.13M – $2.84M
NOI $170,554 @ 7.0% cap · market cap 5.18%
Second Best
Industrial
$1.46M
$1.28M – $1.70M
NOI $102,198 @ 7.0% cap · market cap 3.10%
Theoretical Best
Office A
$4.15M
$3.63M – $4.85M
NOI $290,769 @ 7.0% cap · market cap 8.82%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
14 ft
Clear height
1
Drive-in doors
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
364
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 75063, TX
46,598
Population
18,747
Households
2.5
Avg Household Size
34
Median Age
74%
College-Educated
96%
High-School Grad
20.2 sq mi
ZIP Area
2,307
Density / Sq Mi
$117,583
Median Household Income
$84,670
Median Earnings
$1,687
Median Rent
$509,500
Median Home Value
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Market
Vacancy Rate% for Industrial in South region
Frequently Asked Questions
What type of property is this?
Flex space - Light-industrial zoning, polished improvements, and exterior storage potential support varied business operations.
Where is this flex space located?
The property is located at 3033 West Royal Lane Irving, TX.
What is the asking price?
The asking price for this property is $3,295,000.
What are key features of this property?
This property features: ±16,197 SF flex building on a ±1.28‑acre site; ML‑20A (Light Industrial) zoning per the City of Irving; ±14‑foot clear heights and one grade‑level door
