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Property profile & analytics
OFF-MARKET
Estimated value
$1,160,000
Turn key restaurants
1045 Hidden Rdg Irving, TX 75038-3821
Entity Owned
Free & Clear
Property ID
US83-3437485
Property summary
AI-generated overview
This exceptional 20,952-square-foot vacant restaurant building presents a unique investment opportunity in Irving, Texas. Situated on a 2.98-acre lot at 1045 Hidden Ridge, this property boasts 181 parking spaces (an 8.64 ratio) and 638 feet of frontage on Hidden Ridge Drive. Built in 1997, the building features four elevators and benefits from its strategic location near major highways and business centers in Dallas County. The S-P-1 zoning allows for diverse uses. The property is offered at $5,800,000 and is well-suited for both investment and owner-user buyers. Its previous tenant was a well-established restaurant, indicating strong potential for future success. The ample parking and high visibility make this a truly exceptional offering. The property's address is 1045 Hidden Ridge, Irving, TX 75038.
Property profile
Verified
Property type
Turn key restaurants
Use group
RESTAURANT
Year built
1997
Construction
TILT-UP CONCRETE
Total area
20,925 SF
Lot
2.98 ac (129,678 SF)
Zoning code
Z243
APN
322778500A0010000
UPID
US83-3437485
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
ATM Atm
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$715k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.61M
Blend (final)
Blend
$1.16M
Owner & transaction history
City Of Irving
City Of Irving
since 2025
7 recorded transactions
Zoning & alternative use
Z243 · Irving, TX
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Irving submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Irving submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
by Request
ML approach
$715,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$1.16M
Range $1.04M – $1.28M · ±10%
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$55 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$88,954
Tax year 2023
Assessed value
$4,200,000
Assessed 2023
Previous assessed
$4,200,000
+0.0% YoY
Effective rate
2.12%
On assessed value
Assessed land
$1,945,170
Assessed improvement
$2,254,830
Land market value
$1,945,170
Improvement market value
$2,254,830
Total market value
$4,200,000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Turn key restaurants
Use group
RESTAURANT
Status
Off-Market
Year built
1997
Construction
TILT-UP CONCRETE
Heating
CENTRAL
Cooling
CENTRAL
Stories
2
Total area
20,925 SF
Lot
2.98 ac (129,678 SF)
Zoning code
Z243
APN
322778500A0010000
UPID
US83-3437485
Jurisdiction
DALLAS
Metro division
DALLAS-PLANO-IRVING, TX METROPOLITAN DIVISION
Zoning & alternative use
Z243 · Irving, TX
Zoning Z243 · permitted uses
Z243 · Irving, TX
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Irving. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1997
Construction
TILT-UP CONCRETE
Heating
CENTRAL
Cooling
Yes
Stories
2
Lot
2.98 ac
Current owner
From public records · entity-resolved
City Of Irving
Entity
Free & Clear · 0 yrs held
Mailing address
1800 VLY VW LN STE #300, FARMERS BRANCH, TX 75234-8945
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 22, 2025
—
City Of Irving
Mm 1045 Hidden Ridge LLC
Warranty Deed
—
May 19, 2025
—
Mm 1045 Hidden Ridge LLC
—
Deed
related
$3,093,906 · First Lonestar Bank
Jan 14, 2025
—
Mm 1045 Hidden Ridge Drive LLC
—
Deed
related
$3,122,624 · First Lonestar Bank
Oct 5, 2021
—
Mm 1045 Hidden Ridge LLC
American National Bank Of Texas
Venders Lien
$4,200,000 · Security National Bank Of Omaha
Jan 8, 2009
—
Cool Riv Restaurant Lascolinas
Katemcy Trust
Grant Deed
$7,222,222 · Amresco Commercial Finance INC
Aug 25, 2008
—
Katemcy Trust
Owner Name Unavailable
Grant Deed
related
—
—
—
Cool River Real Estate LLC
—
Deed Of Trust
related
$7,500,000 · Mid South Bank
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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