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Property profile & analytics
OFF-MARKET
Estimated value
$1,455,000
Industrial properties
4040 Royal Ln Irving, TX 75063-2827
Entity Owned
6-yr Hold
Absentee Owner
Free & Clear
Property ID
US83-2973056
Property profile
Verified
Property type
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Year built
1998
Construction
TILT-UP CONCRETE
Total area
96,614 SF
Lot
5.85 ac (254,695 SF)
Zoning code
Z393
APN
32107850010010000
UPID
US83-2973056
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
-
Peak Insurance Advisors LLC Insurance Agency
-
Antech Diagnostics Veterinary Clinic
-
Gardenview Training Training Center
-
WellVia Corporate Office
-
Aidan Products LLC (Bike/Boat/Book/etc) Store Pharmacy
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.07M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.84M
Blend (final)
Blend
$1.46M
Owner & transaction history
4040 Royal Lane LLC · 6 yrs held
4040 Royal Lane LLC
since 2020
7 recorded transactions
Zoning & alternative use
Z393 · Irving, TX
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$2.4M
+21.4%
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
$1,070,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$1,985,000
Current use
OFFICE BUILDING
$2,410,000
Change: +21% · Conversion: Difficult
Blend value · Realmo final
$1.46M
Range $1.31M – $1.60M · ±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
$15 / 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
$208,449
Tax year 2023
Assessed value
$9,527,610
Assessed 2023
Previous assessed
$9,527,610
+0.0% YoY
Effective rate
2.19%
On assessed value
Assessed land
$3,820,430
Assessed improvement
$5,707,180
Land market value
$3,820,430
Improvement market value
$5,707,180
Total market value
$9,527,610
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
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Status
Off-Market
Year built
1998
Construction
TILT-UP CONCRETE
Heating
CENTRAL
Cooling
CENTRAL
Stories
1
Total area
96,614 SF
Lot
5.85 ac (254,695 SF)
Zoning code
Z393
APN
32107850010010000
UPID
US83-2973056
Jurisdiction
DALLAS
Metro division
DALLAS-PLANO-IRVING, TX METROPOLITAN DIVISION
Zoning & alternative use
Z393 · Irving, TX
Zoning Z393 · permitted uses
Z393 · 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
INDUSTRIAL (GENERAL) Current
Est. value
$2.0M
OFFICE BUILDING
Est. value
$2.4M
INDUSTRIAL (GENERAL) Current
OFFICE BUILDING
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
1998
Construction
TILT-UP CONCRETE
Heating
CENTRAL
Cooling
Yes
Stories
1
Lot
5.85 ac
Current owner
From public records · entity-resolved
4040 Royal Lane LLC
Entity
Free & Clear · 6 yrs held
Mailing address
3333 WELBORN ST #270, DALLAS, TX 75219-5104
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2020
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
17 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 29, 2021
—
Pre Dfw Airport LLC
—
Deed
related
—
Jan 19, 2021
—
4040 Royal Lane LLC
—
Deed
related
—
Mar 6, 2020
—
4040 Royal Lane LLC
Royal Jetstar Investors LLC
Quit Claim Deed
—
Jul 3, 2019
—
Royal Jetstar Investors LLC
—
Deed
related
$6,700,000 · Origin Bk
Apr 5, 2019
—
Royal Jetstar Investors LLC
—
Deed
related
$6,052,051 · Communitybanks
Sep 10, 2018
—
Royal Jetstar Investors LLC
—
Deed
related
$6,139,868 · Communitybanks
Jun 22, 2016
—
Royal Jetstar Investors LLC
—
Deed
related
$450,000 · Community Bk/tx
Sep 9, 2008
—
Royal Jetstar Investors LLC
Madison Jetstar Ltd
Grant Deed
$8,175,000 · Vista Bank
Aug 1, 2002
—
Madison Jetstar Ltd
Today Jetstar LP
Grant Deed
related
—
Apr 7, 2000
—
Today Jetstar LP
Aristocrat Fund Xxii LP
Grant Deed
$8,083,000 · Key Bank NA
—
—
Royal Jetstar Investors LLC
—
Loan Modification
related
$7,377,066 · Community Bank Of Texas NA
—
—
Royal Jetstar Investors LLC
—
Loan Modification
related
$6,052,051 · Communitybanks
—
—
Royal Jetstar Investors LLC
—
Deed Of Trust
related
$6,700,000 · Origin Bk
—
—
Royal Jetstar Investors LLC
—
Loan Modification
related
$450,000 · Community Bk/tx
—
—
Royal Jetstar Investors LLC
—
Loan Modification
related
$6,139,868 · Communitybanks
—
—
4040 Royal Lane LLC
—
Deed Of Trust
related
—
—
—
Royal Jetstar Investors LLC
—
Deed Of Trust
related
$8,175,000 · Vista Bk
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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