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Property profile & analytics
OFF-MARKET
Estimated value
$1,435,000
Parking lots & garages
300 John Carpenter Fwy Irving, TX 75062-2727
Entity Owned
12-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US83-3699827
Property profile
Verified
Property type
Parking lots & garages
Use group
PARKING GARAGE, PARKING STRUCTURE
Year built
1982
Construction
FRAME
Total area
521,636 SF
Lot
8.39 ac (365,294 SF)
Zoning code
Z57
APN
32257960000010000
UPID
US83-3699827
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$945k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.92M
Blend (final)
Blend
$1.44M
Owner & transaction history
Fpg The Point LP · 12 yrs held
Fpg The Point LP
since 2013
7 recorded transactions
Zoning & alternative use
Z57 · Irving, TX
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
$945,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
PARKING LOT
$1,700,000
Current use
Blend value · Realmo final
$1.44M
Range $1.29M – $1.58M · ±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
$3 / 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
$1,611,022
Tax year 2023
Assessed value
$74,500,000
Assessed 2023
Previous assessed
$74,500,000
+0.0% YoY
Effective rate
2.16%
On assessed value
Assessed land
$7,305,880
Assessed improvement
$67,194,120
Land market value
$7,305,880
Improvement market value
$67,194,120
Total market value
$74,500,000
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
Parking lots & garages
Use group
PARKING GARAGE, PARKING STRUCTURE
Status
Off-Market
Year built
1982
Construction
FRAME
Heating
NONE
Cooling
NONE
Buildings
3
Stories
6
Total area
521,636 SF
Lot
8.39 ac (365,294 SF)
Zoning code
Z57
APN
32257960000010000
UPID
US83-3699827
Jurisdiction
DALLAS
Metro division
DALLAS-PLANO-IRVING, TX METROPOLITAN DIVISION
Zoning & alternative use
Z57 · Irving, TXZoning Z57 · permitted uses
Z57 · Irving, TX
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
PARKING LOT Current
Est. value
$1.7M
PARKING LOT Current
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
1982
Construction
FRAME
Heating
NONE
Cooling
Yes
Stories
6
Buildings
3
Lot
8.39 ac
Current owner
From public records · entity-resolved
Fpg The Point LP
Entity
Mailing address
245 PARK AVE FL #39, NEW YORK, NY 10167-0002
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2013
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 13, 2013
—
Fpg The Point LP
Sp4 Las Colinas LP
Special Warranty Deed
$43,500,000 · Morgan Stanley Mortgage Capital Hol
Nov 13, 2009
—
Sp Millennium Center
—
Deed Of Trust
related
$367,983,267 · Metropolitan Life Insurance
Dec 20, 2006
—
Sp4 Las Colinas
—
Deed Of Trust
related
$36,300,000 · Metropolitan Life Insurance
Sep 29, 2006
—
Sp4 Las Colinas
Itw Mortgage Invs III INC
Grant Deed
related
—
Jan 12, 2001
—
Itw Mortgage Investments III
Watch Omega Holdings LP
Grant Deed
related
—
—
—
Fpg Point LP
—
Deed Of Trust
related
$46,400,000 · Jp Morgan Chase Bk
—
—
Sp4 Las Colinas LP
—
Deed Of Trust
related
$237,000,000 · J P Morgan Chase Bank
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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