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    350 Royal Ln Irving, TX 75039
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    350 Royal Ln, Irving, TX 75039

    View on Map
    • Showrooms
    • 182,919 SF
    • 8.23 lot acres
    For Sale
    $34,815,000
    View Listing →
    Irving Office Building For Sale For Sale
    $34,815,000
    159,916 SF

    Irving Office Building For Sale

    159,916 SqFt office building in Irving, Texas.

    350 E Royal Ln, Irving, TX 75039
    View Listing
    Property ID
    US82-4020803
    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

    • Showbusiness Studios / Hotel & Motel / Resort
    • SpeedPro Irving / Business To Business Service
    • Communications Complex / Business Park
    • Monkedia / Corporate Office
    • Impact Forklift Solutions / Big Box & Wholesale Store / (Bike/Boat/Book/etc) Store

    Property Details for 350 Royal Ln

    Year built
    1982
    Construction
    TILT-UP CONCRETE
    Lot size
    8.23 lot acres
    Zone code
    Z393
    Property type
    Showrooms
    APN
    320874900A0010000
    APU
    320874900A0010000

    Description

    This exceptional 159,478 square foot, multi-tenant office building, located at 350 E Royal Ln, Irving, TX 75039, presents a compelling investment opportunity. Constructed in 1982, this Class A flex building sits on an 8.23-acre lot in the Dallas County, Texas area and boasts a remarkable 96% occupancy rate. A significant portion (22%) is currently occupied by Cal Closet's retail operations under a brand new 10-year NNN lease. The property benefits from an attractive NNN lease structure across all tenants, with an average rental rate of $11.14 per square foot, offering strong replaceability. The strategic location within a synergistic flex/light manufacturing corridor, coupled with convenient access to both HWY 114 and HWY 161 (PGBT), ensures high visibility and accessibility. The high trade area, situated off Royal Lane (over 13,000 vehicles per day), further enhances its appeal. The average household income within a 3-mile radius is $119,214, significantly above the national average. The property features a staggered lease turnover and an average remaining lease term exceeding 5 years, providing long-term stability and predictable cash flow. This fully stabilized flex property represents a rare opportunity to acquire a high-performing asset in a prime location.

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $44,265,000
      6.5%
      $40,860,000
      7%
      $37,945,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $28,772,000
      Market price range: $11.2M - $36.7M

    • Alternative Use

      Use
      Estimation
      COMMERCIAL (GENERAL)
      $24,660,000
      Current use
      RESTAURANT
      $23,660,000
      Change: -4% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Irving
    County
    Dallas
    State
    Texas
    Longitude
    -96.9411
    Latitude
    32.8941
    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
    $245,682
    $3,046,130
    $8,553,870
    $11,600,000
    -
    $3,046,130
    $8,553,870
    $11,600,000

    Comparable in this City

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      15,172 SF

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    • Value Estimation
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      68,756 SF

      6020 Colwell Blvd

      SHOW ROOM, WAREHOUSE
      6020 Colwell Blvd, Irving, TX 75039-3110
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    • Value Estimation
      $855,000
      5,028 SF

      801 Royal Ln

      CONVENIENCE STORE
      801 Royal Ln, Irving, TX 75039-3816
      View Details
    • Value Estimation by Request
      3,080 SF

      6401 Riverside Dr

      CONVENIENCE STORE
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    • Value Estimation
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      5,198 SF

      6650 Macarthur Blvd

      FINANCIAL BUILDING
      6650 Macarthur Blvd, Irving, TX 75039-2439
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    • Value Estimation
      $570,000
      4,661 SF

      7255 State Hwy 161

      FINANCIAL BUILDING
      7255 State Hwy 161, Irving, TX 75039-2805
      View Details

    Similar Nearby for Sale

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      Multi-tenant retail center in Irving, Texas, 100% occupied.
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      One-bedroom condo in Las Colinas with two deeded parking spaces.
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      159,478 SF

      Dallas Office Complex - Irving, TX

      159,478 SF Multi-Tenant Office Building
      350 Royal Ln, Irving, TX 75039
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    • Contact for pricing
      159,916 SF

      Irving Office Building For Sale

      159,916 SqFt office building in Irving, Texas.
      350 E Royal Ln, Irving, TX 75039
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      305 SF

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      Retail space in a dining and entertainment destination.
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      2,800 SF

      Retail Space on Royal Lane

      Retail spaces available in Irving, surrounded by apartments and offices.
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      5,361 SF

      Former Medical Space For Rent

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      1,700 SF

      Former Medical Space For Lease

      2,650 SF former medical space available for lease.
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      1,500 SF

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      1,500 SF retail space near Wells Fargo campus.
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      3,546 SF

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      View Details
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    Irving, TX 75039
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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.

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