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    Property profile & analytics

    3133 State Hwy 161 Irving, TX 75062-2139

    • Warehouses
    • 39,670 SF
    • 12.42 lot acres
    OFF-MARKET
    Value Estimations
    $985,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US82-4515543
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Warehouses

    Property Details for 3133 State Hwy 161

    Year built
    1994
    Construction
    STEEL FRAME
    Lot size
    12.42 lot acres
    Property size
    39,670 SF
    Zone code
    Z113
    Property type
    Warehouses
    Property subtype
    Self storage facilities
    APN
    322037000A0010000
    APU
    322037000A0010000

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $975,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $1,122,000
      Market price range: $515k - $1.17M

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Irving
    County
    Dallas
    State
    Texas
    Longitude
    -97.0181
    Latitude
    32.8496
    CBSA code
    19100
    CBSA name
    DALLAS-FORT WORTH-ARLINGTON, TX METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $54,321
    $2,163,540
    $348,460
    $2,512,000
    -
    $2,163,540
    $348,460
    $2,512,000

    Comparable in this City

    • Value Estimation
      $1,140,000
      44,940 SF

      3308 Royalty Row

      MINI-WAREHOUSE, STORAGE • 44,940 SF
      3308 Royalty Row, Irving, TX 75062-4944
      View Details
    • Value Estimation by Request
      24,000 SF

      2205 Regency Dr

      MINI-WAREHOUSE, STORAGE • 24,000 SF
      2205 Regency Dr, Irving, TX 75062-4911
      View Details
    • Value Estimation
      $1,130,000
      105,960 SF

      3301 Century Cir

      MINI-WAREHOUSE, STORAGE • 105,960 SF
      3301 Century Cir, Irving, TX 75062-4914
      View Details
    • Value Estimation
      $1,005,000
      77,615 SF

      2303 Century Ctr Blvd

      MINI-WAREHOUSE, STORAGE • 77,615 SF
      2303 Century Ctr Blvd, Irving, TX 75062-4971
      View Details
    • Value Estimation
      $835,000
      28,324 SF

      2400 Northgate Dr

      MINI-WAREHOUSE, STORAGE • 28,324 SF
      2400 Northgate Dr, Irving, TX 75062-3201
      View Details
    • Value Estimation
      $775,000
      78,123 SF

      304 Airport Fwy

      MINI-WAREHOUSE, STORAGE • 78,123 SF
      304 Airport Fwy, Irving, TX 75062-6324
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      24,000 SF

      Prime Irving Warehouse - 24,000 SF

      Spacious warehouse, ideal for distribution. Excellent location.
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    • Contact for pricing
      24,000 SF

      Irving Industrial Property For Sale

      24,000 square foot industrial property in Irving, Texas.
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    • $5,000,000
      30,865 SF

      Prime Irving Industrial Space

      Spacious Warehouse/Manufacturing Facility in Irving, TX
      3412 International Pl, Irving, TX 75062
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    • $900,000

      Land with Utilities in Irving

      Land available with all utilities in Irving, Texas.
      3461 Country Club Rd N, Irving, TX 75062
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    • $900,000

      Retail Development Site in Irving

      North Irving retail development site divisible into three lots.
      3451 Country Club Rd N, Irving, TX 75062
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    • New
      $425,000
      0.21 Acres

      Residential Lot in Established Irving

      Vacant lot for custom home in desirable Irving location.
      9 Alcazar Ct, Irving, TX 75062
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    Similar Nearby for Lease

    • Contact for pricing
      120,900 SF

      Irving Warehouse Space Available

      120,900 SF warehouse space for lease in Irving, TX.
      2450 Valley View Ln, Irving, TX 75062
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    • Contact for pricing
      25,004 SF

      Irving Warehouse Space Available

      25,004 square foot warehouse space for lease in Irving.
      3400 Royalty Row, Irving, TX 75062
      View Details
    • Contact for pricing
      7,857 SF

      Irving Flex Space For Rent

      Flex space available for lease in Irving, Texas.
      3409 Century Cir, Irving, TX 75062
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    • $13 SF/Yr
      5,000 SF

      Irving Flex Space Available

      Modern flex space with adaptable floor plans in Irving, TX.
      2551 State Highway 161, Irving, TX 75062
      View Details
    • $24 SF/Yr
      32,022 SF

      The Atrium at Irving Heights

      Prime Irving Office Space, Flexible Suites
      3317 Finley Rd, Irving, TX 75062
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    • $17 SF/Yr
      204,665 SF

      Prime Irving Retail Space

      Class A retail space, multiple units available.
      500 John W Carpenter Fwy, Irving, TX 75062
      View Details
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    3133 State Hwy 161
    Irving, TX 75062-2139
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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