Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Professional Office Space Near Airport Title is generated by Realmo AI

    5005 W Royal Ln, Irving, TX 75063

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

    Affordable office space in Irving's Freeport Business Park.

    Type:Office
    Added:
    Apr 24, 2020
    Days on Market:
    2210
    Last Refresh:
    Mar 17 at 1:17 pm

    Property Features for 5005 W Royal Ln

    General Information

    Standard status
    Active
    Property subtype
    Office

    Building Details

    Year Built
    1983

    Spaces For Lease

    at 5005 W Royal Ln Contact us

    Suite 119 $20 /Mo

    Size
    512 SF
    Type
    Office
    LEASING OFFICE 1 Interior Office, File Or Storage Area
    Contact us

    Suite 116 $20 /Mo

    Size
    1,146 SF
    Type
    Office
    Reception Area, 2 Window Offices, 2 Interior Offices, Open Area
    Contact us

    Suite 129 $22 /Mo

    Size
    574 SF
    Type
    Office
    Reception Area, 1 Window Office
    Contact us

    Suite 249 $22 /Mo

    Size
    700 SF
    Type
    Office
    Reception Area, 1 Window Office, 1 Interior Office
    Contact us

    Suite 180 $20 /Mo

    Size
    1,554 SF
    Type
    Office
    Reception, Large Conference Room, Open Area, Kitchen and Storage
    Contact us

    Suite 136 $27 /Mo

    Size
    333 SF
    Type
    Office
    1 Interior Office
    Contact us

    Suite 243 $22 /Mo

    Size
    801 SF
    Type
    Office
    Reception Area, 2 Window Offices, 1 Interior Office, 1 Closets
    Contact us

    Suite 170 $24 /Mo

    Size
    1,556 SF
    Type
    Office
    Reception Area, 3 Window Offices, 1 Interior Office, 1 Bullpen, Open Area, File Or...
    show more
    Contact us
    Show more

    We can help!

    Listing Contact
    Kavi Nigam

    Listing agent Kavi Nigam License #TX -742234

    Listing office Boxer Property

    Listing date Apr 24, 2020

    Source Crexi

    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 Boxer Property

    HighLights

    • Convenient access to DFW International Airport (less than 3 miles).
    • Ample surface parking available.
    • Easy access to major highways: Hwy. 114 (2 blocks) and I‑635 (5 minutes).
    • On‑site property management and leasing.
    • Free space planning services.
    • Quiet outside courtyard with benches and greenery.

    Overview

    5005 Royal Lane offers a professional office environment featuring a quiet outside courtyard. The building provides quality, affordable office space with free space planning and tenant apps available via website. On-site property management and leasing services are available. Ample surface parking is provided. The property is located in the Freeport Business Park of Irving, two blocks from the entrance of Highway 114, approximately five minutes from I-635, and with convenient access to the DFW International Airport. The exterior features a courtyard with benches and greenery. Internet-ready suites are available, along with drop boxes for DHS, Lonestar Overnight, and FedEx. Nearby dining options include Subway, Golden Deli, Café Vienna, and Whataburger. Several hotels, including The Westin, The Sheraton, and The Marriott, are located nearby.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Sri Software Solutions (Bike/Boat/Book/etc) Store Symphony Infotek Inc (Bike/Boat/Book/etc) Store Vityou (Bike/Boat/Book/etc) Store IMPELSOFT SOLUTIONS CLOUD (Bike/Boat/Book/etc) Store SIGMA, INC (Bike/Boat/Book/etc) Store

    Suggested Use

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

    • $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
    • $1,800/Mo

      Retail Space in Irving, TX

      Open-concept retail space near Downtown Irving Heritage Crossing District.
      124 S Hastings Street, Irving, TX 75060
      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
    • $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?
    Office building - Affordable office space in Irving's Freeport Business Park.
    Where is this office building located?
    The property is located at 5005 W Royal Ln Irving, TX.
    What are key features of this property?
    This property features: Convenient access to DFW International Airport (less than 3 miles).; Ample surface parking available.; Easy access to major highways: Hwy. 114 (2 blocks) and I‑635 (5 minutes).
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Kavi Nigam
    Real Estate License ID: TX -742234
    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

    Thank You for Inquiry
    5005 W Royal Ln, Irving, TX 75063
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!