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Property profile & analytics
OFF-MARKET
Estimated value
$985,000
Gas stations
1598 Airport Fwy Irving, TX 75062
Entity Owned
1-yr Hold
Absentee Owner
Free & Clear
Property ID
US82-3925759
Property profile
Verified
Property type
Gas stations
Use group
SERVICE STATION (FULL SERVICE)
Year built
1996
Construction
STEEL FRAME
Total area
13,308 SF
Lot
4.01 ac (174,676 SF)
Zoning code
Z393
APN
320146000A0020000
UPID
US82-3925759
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
$625k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.35M
Blend (final)
Blend
$985k
Owner & transaction history
Lpfa 1600 East Airport Freeway LLC · 1 yrs held
Lpfa 1600 East Airport Freeway LLC
since 2025
6 recorded transactions
Zoning & alternative use
Z393 · Irving, TX
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$1.3M
+4.8%
Medical building
$1.3M
+3.3%
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
$625,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
SERVICE STATION (FULL SERVICE)
$1,270,000
Current use
AUTO REPAIR, GARAGE
$1,330,000
Change: +5% · Conversion: Difficult
MEDICAL BUILDING
$1,315,000
Change: +3% · Conversion: Difficult
Blend value · Realmo final
$985k
Range $887k – $1.08M · ±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
$74 / 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
$57,348
Tax year 2023
Assessed value
$2,652,000
Assessed 2023
Previous assessed
$2,652,000
+0.0% YoY
Effective rate
2.16%
On assessed value
Assessed land
$1,048,050
Assessed improvement
$1,603,950
Land market value
$1,048,050
Improvement market value
$1,603,950
Total market value
$2,652,000
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
Gas stations
Use group
SERVICE STATION (FULL SERVICE)
Status
Off-Market
Year built
1996
Construction
STEEL FRAME
Heating
PARTIAL
Cooling
PARTIAL
Buildings
3
Stories
2
Total area
13,308 SF
Lot
4.01 ac (174,676 SF)
Zoning code
Z393
APN
320146000A0020000
UPID
US82-3925759
Jurisdiction
DALLAS
Metro division
DALLAS-PLANO-IRVING, TX METROPOLITAN DIVISION
Zoning & alternative use
Z393 · Irving, TX
Zoning Z393 · permitted uses
Z393 · 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
SERVICE STATION (FULL SERVICE) Current
Est. value
$1.3M
AUTO REPAIR, GARAGE
Est. value
$1.3M
MEDICAL BUILDING
Est. value
$1.3M
SERVICE STATION (FULL SERVICE) Current
AUTO REPAIR, GARAGE
MEDICAL BUILDING
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
1996
Construction
STEEL FRAME
Heating
PARTIAL
Cooling
Yes
Stories
2
Buildings
3
Lot
4.01 ac
Current owner
From public records · entity-resolved
Lpfa 1600 East Airport Freeway LLC
Entity
Free & Clear · 1 yrs held
Mailing address
1251 E AIRPORT FWY, IRVING, TX 75062-4804
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 11, 2025
—
Lpfa 1600 East Airport Freeway LLC
1600 E Airport Freeway LLC
Warranty Deed
—
Sep 23, 2016
—
4747 Lbj Freeway LLC
An Collision Center Of Addison In
Trustees Deed
$10,632,000 · Ally Bk
Sep 18, 2015
—
1600 E Airport Freeway LLC
Corinth Realty Arpt Freeway Ll
Grant Deed
$2,400,000 · Ally Bk
Jul 18, 2013
—
Corinth Realty Arpt Freeway Ll
Poulos Realty Group Irving LP
Warranty Deed
$2,208,000 · Ally Bank
—
—
Poulos Realty Group Irving
—
Deed Of Trust
related
$2,775,000 · Sovereign Bank
—
—
Poulos Realty Group Irving
—
Deed Of Trust
related
$484,648 · Key Bank & Trust
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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