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Property profile & analytics
FOR SALE
Office buildings
1320 W Walnut Hill Ln Irving, TX 75038
Entity Owned
21-yr Hold
~
Est. High Equity
Property ID
US82-0200999
For Sale
1 / 14
$3,300,000
1320 W Walnut Hill Ln, Irving, TX 75038
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Property summary
AI-generated overview
This exceptional 19,952-square-foot, single-story medical office building in Irving, Texas, presents a compelling investment opportunity. Situated on a 2.3-acre lot in Dallas County, this Class B property boasts a recently renovated interior and an efficient rectangular floor plan. The building features high ceilings, a rehab pool, and a covered port-a-cache. Ample parking is provided with 120 spaces (6:1,000 SF ratio). Prominent building and monument signage on Walnut Hill Lane ensures high visibility. Currently operating at 32% occupancy, this multi-tenant property is offered at $3,990,400, translating to $200 per square foot based on land value. Its convenient location near Highway 635 and the President George Bush Turnpike offers easy access to major transportation arteries. The property's address is 1320 W Walnut Hill Ln, Irving, TX 75038. This is a rare chance to acquire a well-located, adaptable medical office building with significant upside potential. The lease type is NNN.
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1979
Construction
TILT-UP CONCRETE
Total area
19,952 SF
Lot
2.29 ac (99,970 SF)
Zoning code
Z243
APN
32258380000010000
UPID
US82-0200999
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
-
Acupuncture & Integrative Medical Center DFW Alternative Medicine Practice
-
Dr. Carlos Chapa, OMD, LAc, PhD Medical Clinic Alternative Medicine Practice
-
Mengdan Liao Alternative Medicine Practice Acupuncture
-
Christine Johnson Physician
-
ROOT Bodyworks Alternative Medicine Practice
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$850k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$608k
Blend (final)
Blend
$730k
Owner & transaction history
Walnut Hill Property · 21 yrs held
Walnut Hill Property
since 2005
3 recorded transactions
Zoning & alternative use
Z243 · Irving, TX
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Neighborhood: shopping center
$925,000
+33.1%
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
$850,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
OFFICE BUILDING
$695,000
Current use
NEIGHBORHOOD: SHOPPING CENTER
$925,000
Change: +33% · Conversion: Difficult
Blend value · Realmo final
$730k
Range $657k – $803k · ±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
$37 / 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
$38,123
Tax year 2023
Assessed value
$1,800,000
Assessed 2023
Previous assessed
$1,800,000
+0.0% YoY
Effective rate
2.12%
On assessed value
Assessed land
$799,800
Assessed improvement
$1,000,200
Land market value
$799,800
Improvement market value
$1,000,200
Total market value
$1,800,000
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
Office buildings
Use group
OFFICE BUILDING
Status
For Sale
Year built
1979
Construction
TILT-UP CONCRETE
Heating
CENTRAL
Cooling
CENTRAL
Stories
1
Total area
19,952 SF
Lot
2.29 ac (99,970 SF)
Zoning code
Z243
APN
32258380000010000
UPID
US82-0200999
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.
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING Current
Est. value
$695,000
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$925,000
OFFICE BUILDING Current
NEIGHBORHOOD: SHOPPING CENTER
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
1979
Construction
TILT-UP CONCRETE
Heating
CENTRAL
Cooling
Yes
Stories
1
Lot
2.29 ac
Current owner
From public records · entity-resolved
Walnut Hill Property
Entity
Mailing address
1320 W WALNUT HL LN, IRVING, TX 75038-3007
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2005
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 14, 2020
—
Walnut Hill Macarthur LLC
—
Deed
related
$1,400,000 · Plainscapital Bk
Jan 11, 2005
—
Walnut Hill Property
T/e Sony Walnut Hill Ltd
Quit Claim Deed
related
$1,668,750 · Wells Fargo Bank
—
—
Walnut Hill Macarthur LLC
—
Deed Of Trust
related
$1,400,000 · Plainscapital 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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