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Property profile & analytics
FOR LEASE
Office buildings
3929 W John Carpenter Fwy Irving, TX 75063
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US82-1493655
For Lease
1 / 2
$2,610,000
3929 W John Carpenter Fwy, Irving, TX 75063
View Listing →
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
2004
Construction
TILT-UP CONCRETE
Total area
125,422 SF
Lot
7.51 ac (326,918 SF)
Zoning code
Z57
APN
32461020000030000
UPID
US82-1493655
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
-
Univerge Blue (Bike/Boat/Book/etc) Store Corporate Office
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.57M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$3.65M
Blend (final)
Blend
$2.61M
Owner & transaction history
Galaxy Properties II LP · 3 yrs held
Galaxy Properties II LP
since 2023
5 recorded transactions
Zoning & alternative use
Z57 · Irving, TX
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$3.7M
+18.3%
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
$1,565,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
OFFICE BUILDING
$3,125,000
Current use
COMMERCIAL (GENERAL)
$3,695,000
Change: +18% · Conversion: Easy
INDUSTRIAL (GENERAL)
$2,575,000
Change: -18% · Conversion: Difficult
Blend value · Realmo final
$2.61M
Range $2.35M – $2.87M · ±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
$21 / 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
$483,514
Tax year 2023
Assessed value
$22,100,000
Assessed 2023
Previous assessed
$22,100,000
+0.0% YoY
Effective rate
2.19%
On assessed value
Assessed land
$4,903,770
Assessed improvement
$17,196,230
Land market value
$4,903,770
Improvement market value
$17,196,230
Total market value
$22,100,000
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
Office buildings
Use group
OFFICE BUILDING
Status
For Lease
Year built
2004
Construction
TILT-UP CONCRETE
Heating
CENTRAL
Cooling
CENTRAL
Stories
3
Total area
125,422 SF
Lot
7.51 ac (326,918 SF)
Zoning code
Z57
APN
32461020000030000
UPID
US82-1493655
Jurisdiction
DALLAS
Metro division
DALLAS-PLANO-IRVING, TX METROPOLITAN DIVISION
Zoning & alternative use
Z57 · Irving, TX
Zoning Z57 · permitted uses
Z57 · Irving, TX
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Irving. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING Current
Est. value
$3.1M
COMMERCIAL (GENERAL)
Est. value
$3.7M
INDUSTRIAL (GENERAL)
Est. value
$2.6M
OFFICE BUILDING Current
COMMERCIAL (GENERAL)
INDUSTRIAL (GENERAL)
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
2004
Construction
TILT-UP CONCRETE
Heating
CENTRAL
Cooling
Yes
Stories
3
Lot
7.51 ac
Current owner
From public records · entity-resolved
Galaxy Properties II LP
Entity
Mailing address
700 DRESHER RD STE #150, HORSHAM, PA 19044-0138
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
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 3, 2023
—
Galaxy Properties II LP
Gc Net Lease Irving Carpenter Invr
Special Warranty Deed
$100,000 · Ubs Ag Tampa Branch
Oct 3, 2017
—
Gc Net Lease Irving Carpenter
—
Deed
related
$375,000,000 · Bank Of America
Oct 11, 2010
—
Wells Core Reit Royal Ridge V LLC
Breof Bnk3a Royal Ridge LP
Special Warranty Deed
$11,100,000 · Jackson National Life Insurance Com
Feb 16, 2010
—
Breof Bnk3a Royal Ridge LP
Jpmorgan Chase Bank National Associ
Deed
$100,000,000 · Wells Fargo Bank NA
—
—
Gc Net Lease Irving Carpenter
—
Deed Of Trust
related
$375,000,000 · Bank Of America
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.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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