Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    315 Airport Fwy Irving, TX 75062-6318
    Property profile & analytics

    315 Airport Fwy, Irving, TX 75062-6318

    View on Map
    • Motels
    • 19,544 SF
    • 3.94 lot acres
    Off-Market
    Last Sale Dec 30, 2020
    Property ID
    US82-3909398
    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.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Convention Plaza / Wedding Service

    Property Details for 315 Airport Fwy

    Year built
    1975
    Construction
    FRAME
    Lot size
    3.94 lot acres
    Zone code
    Z198
    Property type
    Motels
    APN
    324615500A0010000
    APU
    324615500A0010000

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Dec 30, 2020 — K Series II LLC K Series I LLC Quit Claim Deed —
    Sep 14, 2015 — K Series I LLC Kechejian Capital LP Grant Deed —
    Sep 4, 2015 — Kechejian Capital LP Kechejian Sarkis J Trust Quit Claim Deed —

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Irving
    County
    Dallas
    State
    Texas
    Longitude
    -96.9407
    Latitude
    32.8385
    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
    $9,015
    $343,600
    $73,290
    $416,890
    -
    $343,600
    $73,290
    $416,890

    Comparable in this City

    • Value Estimation
      $925,000
      58,556 SF

      2200 Airport Fwy

      MOTEL
      2200 Airport Fwy, Irving, TX 75062-4835
      View Details
    • Value Estimation
      $745,000
      58,932 SF

      3135 John Carpenter Fwy

      MOTEL
      3135 John Carpenter Fwy, Irving, TX 75062-4933
      View Details
    • Value Estimation
      $690,000
      52,224 SF

      3950 Airport Fwy

      MOTEL
      3950 Airport Fwy, Irving, TX 75062-5909
      View Details
    • Value Estimation
      $670,000
      40,680 SF

      4245 Airport Fwy

      MOTEL
      4245 Airport Fwy, Irving, TX 75062-5916
      View Details
    • Value Estimation
      $825,000
      58,765 SF

      110 Airport Fwy

      MOTEL
      110 Airport Fwy, Irving, TX 75062-6320
      View Details
    • Value Estimation
      $790,000
      58,212 SF

      2611 Airport Fwy

      MOTEL
      2611 Airport Fwy, Irving, TX 75062-6020
      View Details

    Similar Nearby for Sale

    • $1,260,000
      98,445 SF

      Irving Business Park Land Opportunity

      Prime land in Irving's high-volume business district near DFW.
      2751 State Highway 161, Irving, TX 75062
      View Details
    • Contact for pricing
      3,287 SF

      Prime Commercial Land in Irving

      1.07-acre commercial land with 33 parking spaces near DFW Airport.
      2711 North Belt Line Rd, Irving, TX 75062
      View Details
    • Contact for pricing

      Prime Commercial Land Opportunity

      Commercial land in Irving, TX, near major highways and DFW.
      4420 Rainier St, Irving, TX 75062
      View Details
    • Contact for pricing
      43,790 SF

      Irving Office Building For Sale

      Two-story office building in Irving, Texas, totaling 43,790 square feet.
      4950 N O Connor Blvd, Irving, TX 75062
      View Details
    • Contact for pricing

      Commercial Land with Utilities

      Commercial land with all utilities available in Irving, Texas.
      3431 Finley Rd, Irving, TX 75062
      View Details
    • $1,348,000
      1.45 Acres

      Prime Commercial Development Land

      Commercially zoned, flat site with onsite water, sewer, and electricity and strong connectivity to major North Texas corridors.
      4420 Rainier St, Irving, TX 75062
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      TX Irving - 320 Decker Drive

      Discover many ways to work your way in TX Irving - 320 Decker Drive
      320 Decker Dr, Irving, TX 75062
      View Details
    • Contact for pricing
      1,103 SF

      Office Space in Irving Towne

      Office space available in Irving Towne Center.
      3401 W Airport Fwy, Irving, TX 75062
      View Details
    • Contact for pricing
      1,305 SF

      Office Space with Energy Efficiency

      Energy-efficient office space with reserved parking and signage options.
      580 Decker Dr, Irving, TX 75062
      View Details
    • Contact for pricing
      1,350 SF

      Office Space Available For Rent

      Office space available for lease in Irving, Texas.
      106 Decker Ct, Irving, TX 75062
      View Details
    • Contact for pricing
      6,715 SF

      Office Space Available For Rent

      Partial third-floor office space available now through April 2027.
      130 E John Carpenter Fwy, Irving, TX 75062
      View Details
    • Contact for pricing
      1,761 SF

      Medical Office Space Available

      Ground floor medical office space with customizable suites for rent.
      2021 N Macarthur Blvd, Irving, TX 75062
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    315 Airport Fwy
    Irving, TX 75062-6318
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    315 Airport Fwy, Irving, TX, 75062
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!