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Property profile & analytics
OFF-MARKET
Hotels
1223 Greenway Dr Irving, TX 75038-2533
Entity Owned
12-yr Hold
~
Est. High Equity
Property ID
US82-1343708
Property profile
Verified
Property type
Hotels
Use group
HOTEL
Year built
1995
Construction
FRAME
Total area
28,685 SF
Lot
0.92 ac (40,230 SF)
Zoning code
Z58
APN
325651500002B0000
UPID
US82-1343708
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Raya Reddy Hotels LLC · 12 yrs held
Raya Reddy Hotels LLC
since 2014
7 recorded transactions
Zoning & alternative use
Z58 · 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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 2024Property tax & assessments
Tax year 2024
Tax billed
$41,512
Tax year 2024
Assessed value
$1,960,000
Assessed 2024
Previous assessed
$1,675,000
+17.0% YoY
Effective rate
2.12%
On assessed value
Assessed land
$603,450
Assessed improvement
$1,356,550
Land market value
$603,450
Improvement market value
$1,356,550
Total market value
$1,960,000
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
Off-Market
Year built
1995
Construction
FRAME
Heating
CENTRAL
Cooling
CENTRAL
Stories
3
Units
5
Total area
28,685 SF
Lot
0.92 ac (40,230 SF)
Zoning code
Z58
APN
325651500002B0000
UPID
US82-1343708
Jurisdiction
DALLAS
Metro division
DALLAS-PLANO-IRVING, TX METROPOLITAN DIVISION
Zoning & alternative use
Z58 · Irving, TX
Zoning Z58 · permitted uses
Z58 · 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
1995
Construction
FRAME
Heating
CENTRAL
Cooling
Yes
Stories
3
Units
5
Lot
0.92 ac
Current owner
From public records · entity-resolved
Raya Reddy Hotels LLC
Entity
Mailing address
14548 VALETTA RNCH RD, ROANOKE, TX 76262-6527
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2014
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 9, 2024
—
Raya Reddy Hotels LLC
—
Deed
related
$1,750,000 · Worthington Bank
Sep 6, 2019
—
Raya Reddy Hotels LLC
—
Deed
related
$2,391,168 · Pinnacle Bk
Jul 2, 2019
—
Raya Reddy Hotels LLC
—
Deed
related
$2,414,626 · Pinnacle Bk
Feb 22, 2019
—
Raya Reddy Hotels LLC
—
Deed
related
$2,437,300 · Pinnacle Bk
Jan 3, 2014
—
Raya Reddy Hotels LLC
Capella Hotels LP
Special Warranty Deed
$2,840,000 · Woodhaven National Bank
Dec 15, 2005
—
Hotels Capella
Amba INC
Grant Deed
$2,200,000 · Rose Rock Bank
May 7, 2002
$2,085,000
State Street Bank & Trust Ttee
Larvine Investment Corp
Trustees Deed
related
—
—
—
Raya Reddy Hotels LLC
—
Loan Modification
related
$2,437,300 · Pinnacle Bk
—
—
Raya Reddy Hotels LLC
—
Loan Modification
related
$2,391,168 · Pinnacle Bk
—
—
Raya Reddy Hotels LLC
—
Loan Modification
related
$2,414,626 · Pinnacle Bk
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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