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    1303 Walnut Hill Ln Irving, TX 75038

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    For Lease
    Contact for pricing

    Exceptional Irving office suites, various sizes available.

    Lot size:
    67,125 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    406
    Walnut Hill Center, a three-story, 67,125 square foot executive office building in Irving, Texas, offers flexible lease options. Built in 1985, this Dallas County property boasts six total suites, with 21,230 square feet currently vacant. Spaces range from a minimum of 468 square feet to a maximum contiguous space of 8,168 square feet, catering to businesses of various sizes. The building provides ample parking, with a ratio of approximately 3.94 spaces per 1,000 square feet. The address is 1303 W Walnut Hill Ln, Irving, TX 75038. This multi-tenant property presents a unique opportunity for businesses seeking a well-established location in a thriving area of Dallas County. The building's convenient location and flexible space options make it an ideal choice for companies looking to establish or expand their presence in the Irving market. Interested parties should inquire about available suite sizes and lease terms.

    Property Features for 1303 Walnut Hill Ln

    General Information

    Property type
    Office Properties & Spaces
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    67,125 SF

    Building Details

    Year Built
    1985
    Stories
    3

    Unit(s) available at that property

    Space
    Suite 100
    Size
    8,168 SF
    Space
    Suite 128
    Size
    468 SF
    Space
    Suite 140
    Size
    4,932 SF
    Space
    Suite 105
    Size
    1,137 SF
    Space
    Suite 132
    Size
    959 SF
    Space
    Suite 200
    Size
    5,566 SF

    We can help!

    Listing Contact
    Travis Moore

    Learn more

    Property Insight Report

    HighLights

    • Three‑story, 67,125 SF executive office building in Irving, TX with flexible lease options.
    • Beautifully renovated atrium lobby with seating and fountain.
    • Excellent access to President George Bush Turnpike, Highway 144, and I‑635.
    • Centrally located in Las Colinas, near restaurants, retail, entertainment, hotels, and DFW Airport (within 10 minutes).
    Property Profile Location Intelligence

    Current Use by Public Records

    TSQ Systems Inc. Employment Agency RETCOM, INC. Real Estate Agency Cloud Associates Inc. Software Company

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Dental Office Spa & Massage Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Irving
    County
    Dallas
    State
    Texas
    Longitude
    -96.9687352
    Latitude
    32.8855327

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    FAQs

    What type of property is this?
    Office Property / Space - Exceptional Irving office suites, various sizes available.
    Where is this office property / space located?
    The property is located at 1303 Walnut Hill Ln Irving, TX.
    What are key features of this property?
    This property features: Three-story, 67,125 SF executive office building in Irving, TX with flexible lease options.; Beautifully renovated atrium lobby with seating and fountain.; Excellent access to President George Bush Turnpike, Highway 144, and I-635.
    Request Owner's contact information
    1303 Walnut Hill Ln Irving, TX 75038
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    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
    1303 Walnut Hill Ln Irving, TX 75038
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    We can help!
    Listing Contact
    Travis Moore
    Real Estate License ID: 634921
    Learn more
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