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5005 W Royal Ln, Irving, TX 75063

Affordable office space in Irving's Freeport Business Park.

Space Size333 SF - 1,556 SF
Property Size73,344 SF
Days on Market2321

Property Features for 5005 W Royal Ln

General Information

Standard status Active
Size 333 SF - 1,556 SF
Class B
Property subtype Office
Lease Type Net

Building Details

Building Size 73,344 SF
Year Built 1983
Tenancy Multiple

Spaces For Lease

at 5005 W Royal Ln Contact us

Suite 100

Size
968 SF
Type
Office
Lease Type
Modified Gross
Availability
Active
Contact us

Suite 116

Size
1,146 SF
Type
Office
Lease Type
Net
Availability
Active
Contact us

Suite 119

Size
512 SF
Type
Office
Lease Type
Net
Availability
Active
Contact us

Suite 129

Size
574 SF
Type
Office
Lease Type
Net
Availability
Active
Contact us

Suite 136

Size
333 SF
Type
Office
Lease Type
Net
Availability
Active
Contact us

Suite 170

Size
1,556 SF
Type
Office
Lease Type
Net
Availability
Active
Contact us

Suite 224

Size
919 SF
Type
Office
Lease Type
Net
Availability
Active
Contact us

Suite 243

Size
801 SF
Type
Office
Lease Type
Net
Availability
Active
Contact us

Suite 249

Size
700 SF
Type
Office
Lease Type
Net
Availability
Active
Contact us
Listing Agency: Boxer Property
Listed By: Kavi Nigam · License #TX -742234
Source: Crexi
Added: Apr 24, 2020 Changed: Aug 26 Last Checked: Aug 29 at 4:47AM

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

Investment Insights

Based on property information with market context.

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.

Key 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).

Property Analytics

Current Use

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

Top Pick Carpet & Flooring Store (Bike/Boat/Book/etc) Store Hair Salon Nail Salon Skin Care Clinic Auto Parts Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

NNN (Triple Net)
Lease Type
$3.00 /SF/Yr
CAM

Location Intelligence

Trade Area within ½ mile

791
Businesses Nearby

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

Market

Lease Benchmarks for Irving, TX

$18.25 /SF/Yr
Avg Asking Price
$17–$20 /SF/Yr
Price Range
30,195 SF
Avg Space Size

This space is priced 10% above the average of $18.25 /SF/Yr.

Vacancy Rate% for Office in South region

14.4% 2019
16.4% 2020
17.3% 2021
18% 2022
18.6% 2023
20.3% 2024
20.2% 2025
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Frequently Asked Questions

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 is the lease rate?
The lease rate is $20 SF/Yr.
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).
More about this property
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