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    1500 Royal Pkwy Euless, TX 76040-6726
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    Property profile & analytics

    1500 Royal Pkwy, Euless, TX 76040-6726

    View on Map
    • Warehouses
    • 64,787 SF
    • 5.33 lot acres
    Off-Market
    Property ID
    US82-1206208
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
    Value Estimations
    $3,910,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Lions Floor / Big Box & Wholesale Store

    Property Details for 1500 Royal Pkwy

    Year built
    1997
    Lot size
    5.33 lot acres
    Property type
    Warehouses
    APN
    21230-D-8
    APU
    21230D8

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Mar 6, 2024 — 1500 Royal Parkway LLC — Deed · related $8M · East West Bank
    Sep 6, 2023 — Lions Investment & Trading INC 1500 Royal Parkway LLC Lease —
    Dec 20, 2021 — Flynn Companies Real Estate Holding — Deed · related —
    Jun 2, 2020 — Flynn Companies R & E Hldgs LLC — Deed · related $8.8M · Bank Of America
    Dec 17, 2018 — Flynn Companies R & E Hoidings L Horn,bill Warranty Deed —
    Dec 10, 2018 — Jenni One Percent LLC Day,dan Warranty Deed —
    Sep 18, 2008 — Billy J Horn — Trustees Deed · related $2M · J P Morgan Chase Bank
    — — Billy J Horn — Deed Of Trust · related $714k · J P Morgan Chase Bank
    — — Billy J Horn — Deed Of Trust · related $2M · J P Morgan Chase Bank
    — — Billy J Horn — Loan Modification · related $474k · J P Morgan Chase Bank
    — — Flynn Companies R & E Hldgs LLC — Deed Of Trust · related $8.8M · Bank Of America
    — — Billy J Horn — Deed Of Trust · related $785k · J P Morgan Chase Bank
    — — Billy J Horn — Deed Of Trust · related $2M · J P Morgan Chase Bank

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $3,725,000
      Market price range: $1.67M - $3.73M

    • Alternative Use

      Use
      Estimation
      WAREHOUSE, STORAGE
      $2,525,000
      Current use
      OFFICE BUILDING
      $6,075,000
      Change: +140% Conversion: Difficult
      RETAIL STORES
      $5,780,000
      Change: +129% Conversion: Moderate
      AUTO REPAIR, GARAGE
      $5,595,000
      Change: +121% Conversion: Easy
      MEDICAL BUILDING
      $5,325,000
      Change: +111% Conversion: Difficult
      NEIGHBORHOOD: SHOPPING CENTER
      $3,190,000
      Change: +26% Conversion: Moderate

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Euless
    County
    Tarrant
    State
    Texas
    Longitude
    -97.1202
    Latitude
    32.8162
    CBSA code
    19100
    CBSA name
    DALLAS-FORT WORTH-ARLINGTON, TX METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $161,060
    $789,837
    $7,778,244
    $8,568,081
    -
    $789,837
    $7,778,244
    $8,568,081

    Comparable in this City

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      25,024 SF

      1430 Westpark Way

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    • Value Estimation
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      54,300 SF

      1630 Euless Blvd

      WAREHOUSE, STORAGE
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    • Value Estimation by Request
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      1010 Heather Dr

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    • Value Estimation
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      52,565 SF

      12750 Pipeline Rd

      WAREHOUSE, STORAGE
      12750 Pipeline Rd, Euless, TX 76040-5248
      View Details
    • Value Estimation
      $1,960,000
      101,088 SF

      1204 Euless Blvd

      MINI-WAREHOUSE, STORAGE
      1204 Euless Blvd, Euless, TX 76040-4915
      View Details

    Similar Nearby for Sale

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      Euless Warehouse with Heavy Power

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      68,258 SF

      Euless Warehouse with Office Space

      60,202 SF warehouse with 5,000 SF office area.
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    • New
      Contact for pricing
      35,500 SF

      Industrial Outdoor Storage Facility

      Outdoor storage facility with two high-clearance warehouse buildings and built-in office space for operational flexibility.
      3516 Tarrant Main St, Euless, TX 76040
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      29,202 SF

      Industrial Property in Fort Worth

      29,202 SqFt industrial property available for sale.
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      Freestanding Restaurant Opportunity in Euless

      Freestanding former restaurant with high visibility and ample parking.
      3008 W Euless Blvd, Euless, TX 76040
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      2,788 SF

      Restaurant Space with Drive Thru

      Second-generation restaurant space with drive-thru, grease trap, and vent-a-hood.
      205 W Airport Fwy, Euless, TX 76040
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      12,000 SF

      Euless Warehouse with Loading Dock

      12,000 SF warehouse space featuring a loading dock.
      210 S Industrial Blvd, Euless, TX 76040
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      2,058 SF

      Warehouse with Private Office

      Includes a warehouse bay plus a small office, suited for light industrial or distribution needs.
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    • Contact for pricing
      4,500 SF

      Euless Industrial Space Available

      Industrial spaces available for lease in Euless, Texas.
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      137,250 SF

      Euless Warehouse Space Available

      137,250 SF warehouse with 32' clear height.
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    • Contact for pricing
      3,000 SF

      Flex/Office Space Near Airport

      Flex/office space featuring warehouse and office areas, near DFW Airport.
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    • Contact for pricing
      20,100 SF

      Euless Warehouse Space Available

      20,100 square foot warehouse space for lease in Euless.
      1150 Texas Star Pkwy, Euless, TX 76040
      View Details
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    Euless, TX 76040-6726
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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