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1329 W Walnut Hill Ln, Irving, TX 75038
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Property summary
AI-generated overview
This exceptional, newly remodeled medical office building in the vibrant Las Colinas area of Irving, Texas, offers a range of move-in-ready spaces perfect for medical practices of all sizes. Located at 1329 W Walnut Hill Ln, 75038, this single-story building boasts a total of 54,018 square feet and provides ample parking with 144 spaces. The building features multiple tenancies, with available spaces ranging from a minimum of 1,369 square feet to a maximum contiguous space of 4,786 square feet, offering flexibility to accommodate various practice needs. Its prominent location on Walnut Hill Lane ensures high visibility and easy access for patients and staff. The building's modern design and convenient amenities make it an ideal location for establishing or expanding a medical practice in a thriving and highly visible area of Irving. The property is ready for immediate occupancy, providing a seamless transition for your business. This is a rare opportunity to secure prime medical office space in a highly sought-after location. Contact us today to learn more about the available spaces and schedule a viewing.
Property profile
Verified
Property type
Showrooms
Use group
SHOW ROOM, WAREHOUSE
Year built
1979
Construction
TILT-UP CONCRETE
Total area
54,018 SF
Lot
3.64 ac (158,689 SF)
Zoning code
Z128
APN
32258430000010000
UPID
US82-3300670
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Production Facility
-
Medical Clinic
-
Medical Clinic
-
Medical Clinic
-
Weight Loss Service
Location
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$6.73M
Blend (final)
Blend
$6.59M
Owner & transaction history
Zoning & alternative use
Z128 · Irving, TX
Top alternative use upside
Restaurant
$7.0M
+43.5%
Medical building
$5.7M
+16.5%
Auto repair, garage
$5.4M
+11.0%
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
Value estimation
Instant AI valuation built from comps, income signals, and proprietary benchmarks. A defensible range, not a single guess.
Unlock the complete Valuation workflow
Full NOI reconstruction, selected comps, alternative-use scenarios, data audit and PDF export.
Full NOI build-up · 6 steps
All 4 comparables with addresses
5 alternative uses screened
Sensitivity value band
Source audit · 6 inputs
PDF export
Professional plan · 30 reports
from $99/month
from $99/month
Summary
1
Valuation conclusion
Included free
Estimated market value
$6.59M
Value range
$5.93M – $7.25M
±10% around blend
Estimated value / SF
$122 / SF
Confidence
Low
4 county-verified comps
Property data
100
Comparable evidence
40
Income certainty
100
$5.93M
blend $6.59M
$7.25M
Market-derived valuation under stabilized market assumptions. Desktop analysis. No physical inspection performed.
2
Subject property
Included free
GBA
54,018 SF
Lot area
3.64 ac
Year built
1979
Stories
1
APN
32258430000010000
Zoning
Z128
Assessed value
$3,825,690
Annual tax
$81,026
3
Income approach: direct capitalization
Partial preview
Estimated Stabilized NOI, derived from market rent, vacancy and expense benchmarks. Actual property income not reported.
Estimated market rent / SF
Potential gross income
Vacancy allowance
Effective gross income
Benchmark operating expenses
Stabilized NOI
Property tax
$81,026
Selected cap rate
4
Sales comparison
Partial preview
Sales approach indication
$8.42M
Weighted, 4 comps · low confidence
Evidence
4 found · 4 selected
County-verified recorded sales
Comparable
Sale dateSale price$ / SF
12.0 mi away · 54,893 SF
14.0 mi away · 64,650 SF
18.5 mi away · 53,939 SF
5
Sensitivity & risk
Partial preview
Downside
−10%
Base
$6.59M
Upside
+10%
Bounds of the ±10% band vs the blend — never simulated scenarios.
6
Alternative use screening
Partial preview
Top alternative use
Restaurant
Gross theoretical uplift
+43%
vs current-use indication
Medical Building
Auto Repair, Garage
Commercial (general) · current use
Retail Stores
Values shown before conversion costs, entitlement costs, capital expenditures and stabilization risk.
7
Data & methodology
Included free
Building area
County record
Property tax
County record
Assessed value
County record
Zoning designation
County record
Operating expenses
Modeled
Market rent
Market benchmark
Not analyzed due to unavailable source data: actual rent roll, tenant leases, physical condition and capital
requirements are outside a desktop analysis.
Cost Approach excluded: income and sales evidence cover the value conclusion.
Automated valuation analysis, not a licensed appraisal. Figures are derived from public
records and proprietary models. Desktop analysis: no physical inspection, tenant leases or reported
property income. Verify with a licensed appraiser before transacting.
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
Unlock the complete Cap Rate workflow
Full market tables, editable assumptions, comparable evidence, saved work and exports.
9-scenario matrix
Comparable evidence · 4 sales
NOI build-up · 9 steps
Market rates by use type
PDF export
Professional plan · 30 reports
from $99/month
from $99/month
Overview
No cap rate is computable for this property yet: no recorded sale, income signal or market-rate row for its use type.
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Test a cap rate
Implied value$10.00M
Move the market yield to see immediate price impact.
Value / SF
$185
Vs. selected
Base
Derivation
NOI ÷ cap
Arithmetic over the derived NOI * — not market scenario modeling.
NOI × cap matrix
Preview
Preview of 9 modeled outcomes.
NOI
5.00%7.00%9.00%
$630k
$12.60M
$9.00M
$7.00M
$700k
$14.00M
$10.00M
$7.78M
$770k
$15.40M
$11.00M
$8.56M
NOI sensitivity ±10% across the 5 / 7 / 9% anchors — derivation of the NOI above.
Comparable evidence
Partial preview
Recorded sales nearby
4 found
Low confidence · county-verified
Closest comparable
$1.70M
9.2 mi · Apr 2026 · $31/SF
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$81,026
Tax year 2023
Assessed value
$3,825,690
Assessed 2023
Previous assessed
$3,825,690
+0.0% YoY
Effective rate
2.12%
On assessed value
Assessed land
$1,269,510
Assessed improvement
$2,556,180
Land market value
$1,269,510
Improvement market value
$2,556,180
Total market value
$3,825,690
Automated cap rate analysis. Based on public records, market benchmarks and proprietary
models. Verify with a licensed professional before transacting.
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Showrooms
Use group
SHOW ROOM, WAREHOUSE
Status
For Lease
Year built
1979
Construction
TILT-UP CONCRETE
Heating
CENTRAL
Cooling
CENTRAL
Stories
1
Total area
54,018 SF
Lot
3.64 ac (158,689 SF)
Zoning code
Z128
APN
32258430000010000
UPID
US82-3300670
Jurisdiction
DALLAS
Metro division
DALLAS-PLANO-IRVING, TX METROPOLITAN DIVISION
Zoning & alternative use
Z128 · Irving, TXZoning Z128 · permitted uses
Z128 · Irving, TX
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Alternative use value scenarios
Repositioning upside vs current use
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Building & site characteristics
From public records
Year built
1979
Construction
TILT-UP CONCRETE
Heating
CENTRAL
Cooling
Yes
Stories
1
Lot
3.64 ac
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
County-recorded code
Z128
Jurisdiction
Irving, TX
Recorded code
Z128
Zoning Insight
What can be built and operated here — officially.
The district profile from the municipal source: what is on file for Z128 in Irving, TX.
What opens after registration
Zoning profile
3 official documentsVerified municipal sources with file download
Match provenanceAssignment basis, match tier and confidence
Private report access
See the official zoning profile for this address.
Registration is required before the official district profile is shown.
One complete report on every paid plan · 30 · 300 reports per month.
Ownership Intelligence
Find the owner behind the property.
Unlock the evidence behind ownership: portfolio, transactions, debt and signals that help you decide who to contact next.
What opens after registration
Ownership report
Owner identityResolved entity and name variants
Portfolio holdingsLinked properties and estimated value
Deal signalsSell-side activity worth following
Debt & historyRecorded loans and transaction history
Private report access
See the ownership record for this address.
Registration is required before any owner information is shown.
One complete report on every paid plan · 30 · 300 reports per month.
Owner of record and activity signals are derived from public records and modeled classifications.
They do not confirm beneficial ownership or intent to transact.
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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