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Property profile & analytics
OFF-MARKET
Estimated value
$620,000
Industrial properties
2324 Gtwy Dr Irving, TX 75063-2725
Entity Owned
17-yr Hold
Free & Clear
Property ID
US82-1948228
Property profile
Verified
Property type
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Year built
1985
Construction
TILT-UP CONCRETE
Total area
22,242 SF
Lot
1.76 ac (76,491 SF)
Zoning code
Z128
APN
326550000102A0000
UPID
US82-1948228
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
-
Interop Technologies Telecommunications Service
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$855k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$385k
Blend (final)
Blend
$620k
Owner & transaction history
2324 Gateway LLC · 17 yrs held
2324 Gateway LLC
since 2009
4 recorded transactions
Zoning & alternative use
Z128 · Irving, TX
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$950,000
+108.4%
Neighborhood: shopping center
$810,000
+76.9%
Commercial (general)
$655,000
+43.6%
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
$855,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$455,000
Current use
RETAIL STORES
$950,000
Change: +108% · Conversion: Moderate
NEIGHBORHOOD: SHOPPING CENTER
$810,000
Change: +77% · Conversion: Difficult
COMMERCIAL (GENERAL)
$655,000
Change: +44% · Conversion: Difficult
OFFICE BUILDING
$555,000
Change: +21% · Conversion: Difficult
Blend value · Realmo final
$620k
Range $558k – $682k · ±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
$28 / 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
$42,253
Tax year 2023
Assessed value
$1,995,000
Assessed 2023
Previous assessed
$1,995,000
+0.0% YoY
Effective rate
2.12%
On assessed value
Assessed land
$535,440
Assessed improvement
$1,459,560
Land market value
$535,440
Improvement market value
$1,459,560
Total market value
$1,995,000
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
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Status
Off-Market
Year built
1985
Construction
TILT-UP CONCRETE
Heating
CENTRAL
Cooling
CENTRAL
Stories
1
Total area
22,242 SF
Lot
1.76 ac (76,491 SF)
Zoning code
Z128
APN
326550000102A0000
UPID
US82-1948228
Jurisdiction
DALLAS
Metro division
DALLAS-PLANO-IRVING, TX METROPOLITAN DIVISION
Zoning & alternative use
Z128 · Irving, TX
Zoning Z128 · permitted uses
Z128 · 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
INDUSTRIAL (GENERAL) Current
Est. value
$455,000
RETAIL STORES
Est. value
$950,000
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$810,000
COMMERCIAL (GENERAL)
Est. value
$655,000
OFFICE BUILDING
Est. value
$555,000
INDUSTRIAL (GENERAL) Current
RETAIL STORES
NEIGHBORHOOD: SHOPPING CENTER
COMMERCIAL (GENERAL)
OFFICE 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
1985
Construction
TILT-UP CONCRETE
Heating
CENTRAL
Cooling
Yes
Stories
1
Lot
1.76 ac
Current owner
From public records · entity-resolved
2324 Gateway LLC
Entity
Free & Clear · 17 yrs held
Mailing address
13500 POWERS CT STE #100, FORT MYERS, FL 33912-4503
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2009
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 8, 2009
—
2324 Gateway LLC
—
Trustees Deed
related
$3,000,000 · Dwyer Nevada Family LP
Jul 1, 2009
—
2324 Gateway LLC
T/e Gateway 2324 Ltd
Quit Claim Deed
related
—
May 21, 2009
—
T/e Gateway 2324 Ltd
—
Trustees Deed
related
$756,616 · Bank Of Texas NA
Oct 9, 2008
—
T/e Gateway 2324 Ltd
—
Trustees Deed
related
$1,189,388 · Bank Of Texas NA
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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