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Property profile & analytics
FOR LEASE
Showrooms
2551 State Highway 161 Irving, TX 75038
Individually Owned
3-yr Hold
Free & Clear
Property ID
US82-2274230
For Lease
1 / 3
$13 SF/Yr
2551 State Highway 161, Irving, TX 75038
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Property summary
AI-generated overview
This exceptional 5,000-square-foot industrial property is located at 2551 State Highway 161 in Irving, Texas, within Dallas County. The building features a convenient single-tenant occupancy, ideal for businesses seeking a dedicated space. The two-story structure offers ample room for operations and storage. The property includes one dock-high door, facilitating efficient loading and unloading of goods. Its strategic location provides easy access to major thoroughfares, including Highways 183 and 161, ensuring seamless transportation and logistics. The proximity to Dallas/Fort Worth International Airport further enhances its appeal for businesses requiring convenient air travel connections. This property presents a unique opportunity for businesses seeking a well-located, functional, and readily available industrial space in the thriving Irving, Texas market. The property type is classified as both Office and Industrial, offering flexibility for various business needs. The zip code is 75038.
Property profile
Verified
Property type
Showrooms
Use group
SHOW ROOM, WAREHOUSE
Year built
2020
Construction
TILT-UP CONCRETE
Total area
12,185 SF
Lot
2.42 ac (105,215 SF)
APN
323246300A02R0000
UPID
US82-2274230
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
-
ENC CARGO DALLAS INC Freight Service Logistics Company
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$2.72M
Comparable Approach
Comparable
$2.44M
Blend (final)
Blend
$2.58M
Owner & transaction history
Kwang Yul Choi · 3 yrs held
Kwang Yul Choi
since 2023
3 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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%
$2,950,000
6.5%
$2,720,000
7%
$2,530,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$1,945,000
Current use
RESTAURANT
$1,640,000
Change: -16% · Conversion: Difficult
Blend value · Realmo final
$2.58M
Range $2.32M – $2.84M · ±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
$212 / 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 2024Property tax & assessments
Tax year 2024
Tax billed
$51,989
Tax year 2024
Assessed value
$2,404,180
Assessed 2024
Previous assessed
$2,315,150
+3.8% YoY
Effective rate
2.16%
On assessed value
Assessed land
$526,080
Assessed improvement
$1,878,100
Land market value
$526,080
Improvement market value
$1,878,100
Total market value
$2,404,180
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
For Lease
Year built
2020
Construction
TILT-UP CONCRETE
Heating
CENTRAL
Cooling
CENTRAL
Stories
1
Units
1
Total area
12,185 SF
Lot
2.42 ac (105,215 SF)
APN
323246300A02R0000
UPID
US82-2274230
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
COMMERCIAL (GENERAL) Current
Est. value
$1.9M
RESTAURANT
Est. value
$1.6M
COMMERCIAL (GENERAL) Current
RESTAURANT
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
2020
Construction
TILT-UP CONCRETE
Heating
CENTRAL
Cooling
Yes
Stories
1
Units
1
Lot
2.42 ac
Current owner
From public records · entity-resolved
Kwang Yul Choi
Individual
Free & Clear · 3 yrs held
Mailing address
19811 HAMILTON AVE, TORRANCE, CA 90502-1341
Ownership since
2023
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
Jun 28, 2023
—
Kwang Yul Choi
Kwang Yul Choi
Intrafamily Transfer
related
—
Mar 21, 2022
—
Kwang Y Choi
—
Deed
related
—
Jan 31, 2022
—
Kwang Yul Choi
Rochelle Valley Property Developmen
Warranty Deed
—
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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