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

    1304 W Walnut Hill Ln Irving, TX 75038

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

    Mid-rise office building with covered parking in a convenient location.

    Type:Office
    Added:
    Nov 13, 2023
    Days on Market:
    890
    Last Refresh:
    Mar 17 at 1:19 pm

    Property Features for 1304 W Walnut Hill Ln

    General Information

    Standard status
    Active
    Property subtype
    Office

    Building Details

    Year Built
    1983

    Spaces For Lease

    at 1304 W Walnut Hill Ln Contact us

    Suite 220 $12 /Mo

    Size
    2,374 SF
    Type
    Office
    Contact us

    Suite 320 $12 /Mo

    Size
    10,600 SF
    Type
    Office
    Very professional executive space. cubicles and work tables, computer data room is...
    show more
    Contact us

    Suite 240 $12 /Mo

    Size
    4,500 SF
    Type
    Office
    Very open and bright with windows in every office, Includes parking.
    Contact us

    We can help!

    Listing Contact
    Warren Small

    Listing agent Warren Small License #CA 00768344

    Listing office American Realty Services, Inc.

    Listing date Nov 13, 2023

    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 American Realty Services, Inc.

    Overview

    Upgraded Mid-Rise Office Building

    This upgraded mid-rise office building features covered parking and is situated in a convenient location. The property is suitable for chiropractors, physical therapists, and psychiatrists.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Brandon Miller Physician Apt Locator Pro Real Estate Agency Dallas County Pest ... Garden Center David Sr22 Insurance Insurance Agency Tailored Adjustment Services Insurance Agency

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Dental Office Spa & Massage Center Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon

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

    Location Insight

    • Map
    • Local Demand
    City
    Irving
    County
    Dallas
    State
    Texas
    Longitude
    -96.9702437
    Latitude
    32.8844242

    Nearby Similar for Lease

    • $25/mo

      New Office Space in Irving

      Shell space available for medical or general business office.
      8500 Olympus Boulevard, Irving, TX 75063
      View Details
    • Contact for pricing

      Las Colinas Office Condo Suite

      Second-generation office condo in Irving, TX, available for lease.
      1111 Kinwest Parkway, Irving, TX 75063
      View Details
    • Contact for pricing

      Versatile Office Building with Charm

      Spacious office building with five rooms and three bathrooms.
      1905-a Hard Rock Road, Irving, TX 75061
      View Details
    • Contact for pricing

      Retail Storefront in Heritage Crossing

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

      Versatile Warehouse and Office Spaces

      Multiple warehouse and office suites available for lease in Irving.
      111 N Nursery Road, Irving, TX 75061
      View Details
    • Contact for pricing

      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/mo

      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
    • Contact for pricing

      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
    • Contact for pricing

      Irving Office Space For Lease

      Single-story office building in Irving, Texas, available for lease.
      1610 Corporate Court, Irving, TX 75038
      View Details
    • Contact for pricing

      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
    • Contact for pricing

      Medical Office Near Major Hospitals

      Move-in ready medical office space near top healthcare facilities.
      3501 N Macarthur Boulevard, Irving, TX 75062
      View Details
    • Contact for pricing

      Office Space in Irving, Texas

      Office space available for lease in Irving, Texas.
      1638 W Irving Boulevard, Irving, TX 75061
      View Details

    FAQs

    What type of property is this?
    Office building - Mid-rise office building with covered parking in a convenient location.
    Where is this office building located?
    The property is located at 1304 W Walnut Hill Ln Irving, TX.
    What are key features of this property?
    This property features: Upgraded office building; Covered parking available; Close to everything location
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Warren Small
    Real Estate License ID: CA 00768344
    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!