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Property profile & analytics
OFF-MARKET
Estimated value
$20,200,000
Showrooms
1801 Royal Ln Farmers Branch, TX 75229-3179
Entity Owned
7-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US82-2344328
Property summary
AI-generated overview
Westwood Business Park, located at 1801 Royal Ln, Dallas, TX 75229, offers a prime opportunity for businesses seeking flexible office and industrial space. This 12-building complex, situated at the corner of Royal Lane and Luna Road, boasts a total of 227,077 square feet. Currently, 40,037 square feet are vacant, offering multiple tenancy options. Individual suites range from a minimum of 5,067 square feet to a maximum contiguous space of 11,033 square feet, with a total of 5 suites currently available. The property features ceiling heights varying from 12 to 16 feet, providing ample vertical space. The strategic location provides easy access to major transportation arteries, including I-635 and I-35E, and is conveniently located near executive housing. Each building is designed with floor-to-ceiling windows, maximizing natural light and creating a bright and productive work environment. This Dallas County property presents a unique opportunity for businesses seeking a versatile and well-located space. The property is comprised of 12 buildings in total.
Property profile
Verified
Property type
Showrooms
Use group
SHOW ROOM, WAREHOUSE
Year built
1983
Construction
TILT-UP CONCRETE
Total area
199,329 SF
Lot
15.92 ac (693,432 SF)
Zoning code
Z236
APN
242320000A0010000
UPID
US82-2344328
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
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$18.93M
Blend (final)
Blend
$20.20M
Owner & transaction history
Tgfg Westwood Owner LLC · 7 yrs held
Tgfg Westwood Owner LLC
since 2019
3 recorded transactions
Zoning & alternative use
Z236 · Farmers Branch, TX
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Neighborhood: shopping center
$30.6M
+29.0%
Restaurant
$28.0M
+18.1%
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 Farmers Branch submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Farmers Branch 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
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$23,730,000
Current use
NEIGHBORHOOD: SHOPPING CENTER
$30,605,000
Change: +29% · Conversion: Difficult
RESTAURANT
$28,020,000
Change: +18% · Conversion: Difficult
AUTO REPAIR, GARAGE
$23,250,000
Change: -2% · Conversion: Difficult
Blend value · Realmo final
$20.20M
Range $18.18M – $22.22M · ±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
$101 / 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
$326,313
Tax year 2023
Assessed value
$15,554,650
Assessed 2023
Previous assessed
$15,554,650
+0.0% YoY
Effective rate
2.10%
On assessed value
Assessed land
$6,587,560
Assessed improvement
$8,967,090
Land market value
$6,587,560
Improvement market value
$8,967,090
Total market value
$15,554,650
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
Showrooms
Use group
SHOW ROOM, WAREHOUSE
Status
Off-Market
Year built
1983
Construction
TILT-UP CONCRETE
Heating
CENTRAL
Cooling
CENTRAL
Stories
1
Total area
199,329 SF
Lot
15.92 ac (693,432 SF)
Zoning code
Z236
APN
242320000A0010000
UPID
US82-2344328
Jurisdiction
DALLAS
Metro division
DALLAS-PLANO-IRVING, TX METROPOLITAN DIVISION
Zoning & alternative use
Z236 · Farmers Branch, TX
Zoning Z236 · permitted uses
Z236 · Farmers Branch, TX
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Farmers Branch. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL) Current
Est. value
$23.7M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$30.6M
RESTAURANT
Est. value
$28.0M
AUTO REPAIR, GARAGE
Est. value
$23.3M
COMMERCIAL (GENERAL) Current
NEIGHBORHOOD: SHOPPING CENTER
RESTAURANT
AUTO REPAIR, GARAGE
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
1983
Construction
TILT-UP CONCRETE
Heating
CENTRAL
Cooling
Yes
Stories
1
Lot
15.92 ac
Current owner
From public records · entity-resolved
Tgfg Westwood Owner LLC
Entity
Mailing address
3333 WELBORN ST #260, DALLAS, TX 75219-5104
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2019
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
May 22, 2019
—
Tgfg Westwood Owner LLC
Par Capital-westwood LLC
Grant Deed
related
—
Aug 25, 2014
—
Par Capital-westwood LLC
Westwood Business Park Ltd
Quit Claim Deed
related
$10,235,000 · Inwood Nat'l Bk
—
—
Westwood Business Park Ltd
—
Deed Of Trust
related
$6,700,000 · Aviva Life & Annuity Co
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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