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Property profile & analytics
FOR LEASE
Hotels
122 W John Carpenter Fwy Irving, TX 75038
Individually Owned
4-yr Hold
~
Est. High Equity
Property ID
US82-2860382
For Lease
1 / 2
$1,135,000
122 W John Carpenter Fwy, Irving, TX 75038
View Listing →
Property profile
Verified
Property type
Hotels
Use group
HOTEL
Year built
2008
Construction
TILT-UP CONCRETE
Total area
67,587 SF
Lot
2.92 ac (127,195 SF)
Zoning code
Z392
APN
321565300A0010000
UPID
US82-2860382
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
-
Mutual of Omaha® Advisors - South - Dallas Insurance Agency
-
Alliant Systems (Bike/Boat/Book/etc) Store Corporate Office
-
Edward Jones - Financial Advisor: Suzanne Medford Financial Advisor
-
Claimplus Real Estate Agency
-
Scott Hagar - Mutual of Omaha Insurance Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$895k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.38M
Blend (final)
Blend
$1.14M
Owner & transaction history
Aldo Daniel Saldana · 4 yrs held
Aldo Daniel Saldana
since 2021
7 recorded transactions
Zoning & alternative use
Z392 · 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
$895,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
HOTEL/MOTEL
$1,065,000
Current use
Blend value · Realmo final
$1.14M
Range $1.02M – $1.25M · ±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
$17 / 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
$269,765
Tax year 2023
Assessed value
$12,475,000
Assessed 2023
Previous assessed
$12,475,000
+0.0% YoY
Effective rate
2.16%
On assessed value
Assessed land
$2,543,900
Assessed improvement
$9,931,100
Land market value
$2,543,900
Improvement market value
$9,931,100
Total market value
$12,475,000
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
Hotels
Use group
HOTEL
Status
For Lease
Year built
2008
Construction
TILT-UP CONCRETE
Heating
CENTRAL
Cooling
CENTRAL
Stories
5
Units
136
Total area
67,587 SF
Lot
2.92 ac (127,195 SF)
Zoning code
Z392
APN
321565300A0010000
UPID
US82-2860382
Jurisdiction
DALLAS
Metro division
DALLAS-PLANO-IRVING, TX METROPOLITAN DIVISION
Zoning & alternative use
Z392 · Irving, TX
Zoning Z392 · permitted uses
Z392 · 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.
Alternative use value scenarios
Repositioning upside vs current use
HOTEL/MOTEL Current
Est. value
$1.1M
HOTEL/MOTEL Current
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
2008
Construction
TILT-UP CONCRETE
Heating
CENTRAL
Cooling
Yes
Stories
5
Units
136
Lot
2.92 ac
Current owner
From public records · entity-resolved
Aldo Daniel Saldana
Individual
Mailing address
32 FINANCIAL SQ, NEW YORK, NY 10005
Ownership since
2021
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
Jul 20, 2021
—
Aldo Daniel Saldana
Daniel Tilkens
Warranty Deed
—
Feb 3, 2020
—
Par Capital-122 West LLC
—
Deed
related
—
May 16, 2018
—
Par Capital-122 West LLC
Jc Irving LLC
Grant Deed
related
—
Apr 30, 2015
—
Aiggre Tx Hotel Las Colinas Ow
Hac Irving Partners LP
Grant Deed
$26,200,000 · Miscellaneous Ins Co
Jul 20, 2011
—
Hac Irving Partners LP
—
Deed Of Trust
related
$34,500,000 · Gramercy Investment Trust
Feb 1, 2007
—
Hac Irving Partners
Greenway-restaurant Complex
Deed Of Trust
$18,978,227 · Ust Hillwood Jv Opportunity I
—
—
Greenway-restaurant Complex
—
Deed Of Trust
related
$5,100,000 · Wells Fargo 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.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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