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    307 Rogers Rd Irving, TX 75061

    • Warehouses
    • 40,800 SF
    • 2.99 lot acres
    For Lease
    View listing
    $14 SF/Yr
    Value Estimations
    $1,000,000
    Cap Rate Potential
    Location Intelligence
    Property ID
    US83-3692986
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Tony's Transmissions / Air Conditioning Repair Service / Auto Repair Shop
    • Dong Auto Repair/A.C.T Auto Service / Auto Repair Shop
    • J & R Diesel Repair / Truck Repair Shop
    • SigmaGrafix / Sign Shop / Vehicle Wrapping Service
    • DTIS Direct - Diesel Parts / Truck Parts Supplier

    Property Details for 307 Rogers Rd

    Year built
    2008
    Construction
    TILT-UP CONCRETE
    Lot size
    2.99 lot acres
    Property size
    40,800 SF
    Zone code
    Z393
    Property type
    Warehouses
    Property subtype
    Self storage facilities
    APN
    322857100A0010000
    APU
    322857100A0010000

    Description

    This 40,788 square foot Class B warehouse, built in 2008, offers a fantastic opportunity for businesses needing efficient space in Irving, Texas. Located at 307 N Rogers Rd, 75061, this single-story building sits on 3 acres of land and provides easy access just off Irving Boulevard. Currently, 2,500 square feet of space is immediately available, with a minimum divisible space of 2,500 square feet and a maximum contiguous space of 3,600 square feet. The warehouse boasts a 20-foot clear ceiling height, perfect for various storage and operational needs. Eleven 16-foot-tall drive-in doors ensure convenient loading and unloading, while 110 parking spaces provide ample room for employees and visitors. The property features no elevators. The office space is in excellent condition. This auto-friendly location offers easy ingress and egress, making it an ideal choice for businesses that require convenient access and ample parking. Don't miss this chance to secure your ideal warehouse space in a prime Irving location.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $1,000,000

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Irving
    County
    Dallas
    State
    Texas
    Longitude
    -96.9646
    Latitude
    32.8168
    CBSA code
    19100
    CBSA name
    DALLAS-FORT WORTH-ARLINGTON, TX METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $51,034
    $520,920
    $1,839,080
    $2,360,000
    -
    $520,920
    $1,839,080
    $2,360,000

    Comparable in this City

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    • Value Estimation
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      248,416 SF

      5111 Frye Rd

      MINI-WAREHOUSE, STORAGE • 248,416 SF
      5111 Frye Rd, Irving, TX 75061-6012
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    • Value Estimation by Request
      3,144 SF

      1413 Un Bower Rd

      MINI-WAREHOUSE, STORAGE • 3,144 SF
      1413 Un Bower Rd, Irving, TX 75061-5831
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    • Value Estimation by Request
      5,500 SF

      501 Compton Ave

      MINI-WAREHOUSE, STORAGE • 5,500 SF
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      2300 Penn St

      MINI-WAREHOUSE, STORAGE • 13,530 SF
      2300 Penn St, Irving, TX 75061-5744
      View Details
    • Value Estimation by Request
      19,500 SF

      1701 Pioneer Dr

      MINI-WAREHOUSE, STORAGE • 19,500 SF
      1701 Pioneer Dr, Irving, TX 75061-7909
      View Details

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    Similar Nearby for Lease

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      View Details
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    307 Rogers Rd
    Irving, TX 75061
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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
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