Back to Search
Property profile & analytics
OFF-MARKET
Estimated value
$7,620,000
Manufacturing properties
2534 Royal Ln Dallas, TX 75229-3884
Entity Owned
12-yr Hold
~
Est. High Equity
Property ID
US82-1945846
Property profile
Verified
Property type
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Year built
1966
Construction
TILT-UP CONCRETE
Total area
99,072 SF
Lot
9.63 ac (419,657 SF)
Zoning code
Z239
APN
006562000A02A0000
UPID
US82-1945846
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
-
Xoomtvbox Inc Television Studio Media Distribution
-
ABC Import & Export, LLC Corporate Office
-
Durango Tours Travel Agency Tour Operator
-
Yoconda Natural Center Physician
-
Auto Insurance Marketing & Advertising
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$8.69M
Comparable Approach
Comparable
$6.55M
Blend (final)
Blend
$7.62M
Owner & transaction history
Iyk Texas Corp · 12 yrs held
Iyk Texas Corp
since 2014
4 recorded transactions
Zoning & alternative use
Z239 · Dallas, TX
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$11.8M
+50.9%
Auto repair, garage
$11.6M
+47.8%
Retail stores
$8.4M
+7.8%
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 Dallas submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Dallas 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%
$9,415,000
6.5%
$8,690,000
7%
$8,070,000
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$7,820,000
Current use
COMMERCIAL (GENERAL)
$11,795,000
Change: +51% · Conversion: Difficult
AUTO REPAIR, GARAGE
$11,555,000
Change: +48% · Conversion: Easy
RETAIL STORES
$8,430,000
Change: +8% · Conversion: Moderate
MEDICAL BUILDING
$6,720,000
Change: -14% · Conversion: Difficult
Blend value · Realmo final
$7.62M
Range $6.86M – $8.38M · ±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
$77 / 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
$101,432
Tax year 2023
Assessed value
$4,420,100
Assessed 2023
Previous assessed
$4,420,100
+0.0% YoY
Effective rate
2.29%
On assessed value
Assessed land
$4,196,530
Assessed improvement
$223,570
Land market value
$4,196,530
Improvement market value
$223,570
Total market value
$4,420,100
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
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Status
Off-Market
Year built
1966
Construction
TILT-UP CONCRETE
Heating
CENTRAL
Cooling
CENTRAL
Buildings
2
Stories
1
Total area
99,072 SF
Lot
9.63 ac (419,657 SF)
Zoning code
Z239
APN
006562000A02A0000
UPID
US82-1945846
Jurisdiction
DALLAS
Metro division
DALLAS-PLANO-IRVING, TX METROPOLITAN DIVISION
Zoning & alternative use
Z239 · Dallas, TX
Zoning Z239 · permitted uses
Z239 · Dallas, TX
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Dallas. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
INDUSTRIAL (GENERAL) Current
Est. value
$7.8M
COMMERCIAL (GENERAL)
Est. value
$11.8M
AUTO REPAIR, GARAGE
Est. value
$11.6M
RETAIL STORES
Est. value
$8.4M
MEDICAL BUILDING
Est. value
$6.7M
INDUSTRIAL (GENERAL) Current
COMMERCIAL (GENERAL)
AUTO REPAIR, GARAGE
RETAIL STORES
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
1966
Construction
TILT-UP CONCRETE
Heating
CENTRAL
Cooling
Yes
Stories
1
Buildings
2
Lot
9.63 ac
Current owner
From public records · entity-resolved
Iyk Texas Corp
Entity
Mailing address
2534 ROYAL LN, DALLAS, TX 75229-3884
Ownership since
2014
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
Jun 25, 2014
—
Iyk Texas Corp
Lynn Jin & Peter INC
Grant Deed
$5,037,500 · Bnb Hana Bk NA
—
—
Lynn Jin & Peter INC
—
Deed Of Trust
related
$3,000,000 · Metrobank
—
—
Iyk Texas Corp
—
Deed Of Trust
related
$5,000,000 · Wilshire Bk
—
—
Iyk Texas Corp
—
Deed Of Trust
related
$4,000,000 · Bank Of Hope
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
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 2534 Royal Ln?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
