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Property profile & analytics
OFF-MARKET
Estimated value
$7,195,000
Showrooms
1945 Walnut Hl Ln Irving, TX 75038-4408
Individually Owned
4-yr Hold
~
Est. High Equity
Property ID
US83-2917622
Property profile
Verified
Property type
Showrooms
Use group
SHOW ROOM, WAREHOUSE
Year built
1979
Construction
TILT-UP CONCRETE
Total area
58,337 SF
Lot
4.99 ac (217,539 SF)
Zoning code
Z243
APN
32258451300030000
UPID
US83-2917622
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
-
Foundation Support Specialists Hardware & Home Improvement Construction Company
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$7.26M
Blend (final)
Blend
$7.20M
Owner & transaction history
Chang S Han · 4 yrs held
Chang S Han
since 2021
6 recorded transactions
Zoning & alternative use
Z243 · Irving, TX
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$7.5M
+43.5%
Medical building
$6.1M
+16.5%
Auto repair, garage
$5.8M
+11.0%
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
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$5,260,000
Current use
RESTAURANT
$7,545,000
Change: +43% · Conversion: Difficult
MEDICAL BUILDING
$6,125,000
Change: +16% · Conversion: Easy
AUTO REPAIR, GARAGE
$5,840,000
Change: +11% · Conversion: Difficult
RETAIL STORES
$4,670,000
Change: -11% · Conversion: Easy
Blend value · Realmo final
$7.20M
Range $6.48M – $7.91M · ±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
$123 / 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
$97,426
Tax year 2023
Assessed value
$4,600,000
Assessed 2023
Previous assessed
$4,600,000
+0.0% YoY
Effective rate
2.12%
On assessed value
Assessed land
$1,740,310
Assessed improvement
$2,859,690
Land market value
$1,740,310
Improvement market value
$2,859,690
Total market value
$4,600,000
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
Showrooms
Use group
SHOW ROOM, WAREHOUSE
Status
Off-Market
Year built
1979
Construction
TILT-UP CONCRETE
Heating
CENTRAL
Cooling
CENTRAL
Stories
1
Total area
58,337 SF
Lot
4.99 ac (217,539 SF)
Zoning code
Z243
APN
32258451300030000
UPID
US83-2917622
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
COMMERCIAL (GENERAL) Current
Est. value
$5.3M
RESTAURANT
Est. value
$7.5M
MEDICAL BUILDING
Est. value
$6.1M
AUTO REPAIR, GARAGE
Est. value
$5.8M
RETAIL STORES
Est. value
$4.7M
COMMERCIAL (GENERAL) Current
RESTAURANT
MEDICAL BUILDING
AUTO REPAIR, GARAGE
RETAIL STORES
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
4.99 ac
Current owner
From public records · entity-resolved
Chang S Han
Individual
Mailing address
8041 GOLDEN EAGLE WAY, PLEASANTON, CA 94588-3120
Ownership since
2021
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
Aug 23, 2021
—
Chang S Han
Osg USA INC
Venders Lien
$3,830,000 · Jpmorgan Chase Bank NA
Apr 7, 2016
—
Osg USA INC
Chm Industries INC
Grant Deed
—
Oct 28, 2013
—
Chm Industries INC
Harper Walnut Hill LLC
Grant Deed
$3,050,000 · American National Bank Texas
Mar 5, 2008
—
Revx-83 LLC
Walnut Lascolinas Ltd
Grant Deed
$3,315,000 · Inwood National Bank
—
—
Revx-83 LLC
—
Deed Of Trust
related
$3,900,000 · Inwood National Bank
—
—
Charles Lee
—
Deed Of Trust
related
—
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.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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