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Property profile & analytics
FOR LEASE
Medical Office Space
2021 N Macarthur Blvd Irving, TX 75061
Entity Owned
Absentee Owner
Free & Clear
Property ID
US82-2238026
For Lease
1 / 26
$12,415,000
2021 N Macarthur Blvd, Irving, TX 75061
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Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
2004
Construction
FRAME
Total area
131,705 SF
Lot
1 ac (43,560 SF)
APN
322060000A0019700
UPID
US82-2238026
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
-
Aparna R Kotamarti, MD Physician
-
CareATC Medical Clinic
-
MSCI Physical Medicine Rehabilitation Center
-
Surgical Group Of North Texas - Irving Office Medical Clinic Hospital
-
Webnutri Weight, wellness, and Diabetes clinic Medical Clinic
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$9.76M
Blend (final)
Blend
$12.42M
Owner & transaction history
HRT PROPERTIES OF TX
HRT PROPERTIES OF TX
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$18.9M
+86.4%
Restaurant
$18.7M
+84.7%
Office building
$14.2M
+40.3%
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
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
MEDICAL BUILDING
$10,130,000
Current use
COMMERCIAL (GENERAL)
$18,880,000
Change: +86% · Conversion: Easy
RESTAURANT
$18,715,000
Change: +85% · Conversion: Difficult
OFFICE BUILDING
$14,210,000
Change: +40% · Conversion: Easy
AUTO REPAIR, GARAGE
$13,185,000
Change: +30% · Conversion: Difficult
RETAIL STORES
$10,405,000
Change: +3% · Conversion: Difficult
Blend value · Realmo final
$12.42M
Range $11.17M – $13.66M · ±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
$94 / 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
$371,941
Tax year 2023
Assessed value
$17,200,000
Assessed 2023
Previous assessed
$17,200,000
+0.0% YoY
Effective rate
2.16%
On assessed value
Assessed improvement
$17,200,000
Improvement market value
$17,200,000
Total market value
$17,200,000
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
Medical Office Space
Use group
MEDICAL BUILDING
Status
For Lease
Year built
2004
Construction
FRAME
Heating
CENTRAL
Cooling
CENTRAL
Stories
5
Total area
131,705 SF
Lot
1 ac (43,560 SF)
APN
322060000A0019700
UPID
US82-2238026
Jurisdiction
DALLAS
Metro division
DALLAS-PLANO-IRVING, TX METROPOLITAN DIVISION
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
MEDICAL BUILDING Current
Est. value
$10.1M
COMMERCIAL (GENERAL)
Est. value
$18.9M
RESTAURANT
Est. value
$18.7M
OFFICE BUILDING
Est. value
$14.2M
AUTO REPAIR, GARAGE
Est. value
$13.2M
RETAIL STORES
Est. value
$10.4M
MEDICAL BUILDING Current
COMMERCIAL (GENERAL)
RESTAURANT
OFFICE 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
2004
Construction
FRAME
Heating
CENTRAL
Cooling
Yes
Stories
5
Lot
1 ac
Current owner
From public records · entity-resolved
HRT PROPERTIES OF TX
Individual
Free & Clear · 0 yrs held
Mailing address
3310 W END AVE STE #700, NASHVILLE, TN 37203-1097
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
—
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
No recorded transactions
No recorded transactions found for this property.
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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