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Property profile & analytics
OFF-MARKET
Estimated value
$3,125,000
Office buildings
1231 Greenway Dr Irving, TX 75038-2531
Individually Owned
2-yr Hold
Absentee Owner
Free & Clear
Property ID
US82-4052184
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1981
Construction
FRAME
Total area
193,700 SF
Lot
7.4 ac (322,344 SF)
Zoning code
Z57
APN
32258450000070000
UPID
US82-4052184
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
-
Reyes Jeannette Insurance Agency
-
Greenway Towers Food Market Restaurant
-
Gasery Shironda Insurance Agency
-
Unicon Pharma Factory Production Facility
-
CornerStone Medical Employment Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$3.13M
Owner & transaction history
Matthew Xiong · 2 yrs held
Matthew Xiong
since 2024
7 recorded transactions
Zoning & alternative use
Z57 · 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
$16 / 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
$330,942
Tax year 2023
Assessed value
$15,625,600
Assessed 2023
Previous assessed
$15,625,600
+0.0% YoY
Effective rate
2.12%
On assessed value
Assessed land
$1,934,060
Assessed improvement
$13,691,540
Land market value
$1,934,060
Improvement market value
$13,691,540
Total market value
$15,625,600
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
1981
Construction
FRAME
Heating
CENTRAL
Cooling
CENTRAL
Stories
10
Total area
193,700 SF
Lot
7.4 ac (322,344 SF)
Zoning code
Z57
APN
32258450000070000
UPID
US82-4052184
Jurisdiction
DALLAS
Metro division
DALLAS-PLANO-IRVING, TX METROPOLITAN DIVISION
Zoning & alternative use
Z57 · Irving, TX
Zoning Z57 · permitted uses
Z57 · 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
1981
Construction
FRAME
Heating
CENTRAL
Cooling
Yes
Stories
10
Lot
7.4 ac
Current owner
From public records · entity-resolved
Matthew Xiong
Individual
Free & Clear · 2 yrs held
Mailing address
4632 NW STANFORD AVE STE #105, DALLAS, TX 75209-3116
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
16 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 2, 2024
—
Matthew Xiong
Steve R Dubin
Warranty Deed
—
Mar 15, 2024
—
Mb Blystone LLC
—
Deed
related
—
Feb 5, 2024
—
Estate Of Maria A Hernandez
Darla Durden
Correction Deed
related
—
Jun 14, 2023
—
Greenway Tower Tx LP
—
Deed
related
$15,600,000 · Northern Bank & Trust Co
Apr 17, 2023
—
Mb Blystone LLC
55 Saxon Avenue LLC
Special Warranty Deed
—
Oct 20, 2022
—
Claudia Neira
Francisco X Neira
Intrafamily Transfer
related
—
Jul 26, 2022
—
Jonathan Greer
Michael Greer
Intrafamily Transfer
related
—
Jun 30, 2022
—
Hope & Faith International Market L
2991 Congressman Lane LLC
Venders Lien
$2,120,000 · Pnc Bank NA
Jun 22, 2022
—
Jonathan Greer
Michael Greer
Intrafamily Transfer
related
—
Feb 9, 2022
—
3636 Linda LLC
Renate Harper
Warranty Deed
—
Sep 28, 2021
—
Renate Harper
Emily Sanchez
Warranty Deed
—
Mar 10, 2021
—
Dews Interests LLC
Joel Rebolloso
Warranty Deed
—
Feb 11, 2019
—
Taurus Cd 203 Greenway Tower T
—
Deed
related
$11,192,500 · Independent Bk
Jun 6, 2018
—
Taurus Cd 203 Greenway Tower T
Greenway Tower Owner LLC
Quit Claim Deed
related
—
Feb 9, 2015
—
Greenway Tower Owner LLC
Greenway Tower Jv Ltd
Quit Claim Deed
related
—
—
—
Taurus Cd 203 Greenway Tower T
—
Deed Of Trust
related
$11,192,500 · Independent 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.
Try Rey
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