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    FOR LEASE
    Strip malls

    411 W Royal Ln, Irving, TX 75039

    15,280 SF 1.53 ac lot Built 2015
    Entity Owned 9-yr Hold ~ Est. High Equity
    Property ID
    US82-9891539
    Property summary
    AI-generated overview

    This exceptional Class A retail property, the Royal Shopping Center, presents a unique opportunity in the thriving Irving, Texas market. Located at 411 E. Royal Ln., 75039, this single-building center boasts a total of 15,472 square feet situated on a generous 1.53-acre lot. Built in 2015, the center offers a modern and well-maintained environment for businesses. Currently, there is one available space of 1,400 square feet, representing a minimum divisible unit. The maximum contiguous space available is also 1,400 square feet. This makes it ideal for a variety of retail uses. The property's location in Dallas County ensures high visibility and accessibility, benefiting from significant foot traffic and convenient access to major transportation routes. The "Street Retail" subtype signifies a prime location for businesses seeking high street presence and customer interaction. The property's modern construction and desirable location in Irving, Texas, make it an attractive investment opportunity for discerning businesses seeking a strong foothold in a dynamic market. This is a multiple-tenancy property, offering a vibrant and diverse retail environment. Don't miss this chance to secure your space in this thriving commercial center.

    Property profile
    Verified
    Property type Strip malls
    Use group SHOPPING CENTER, STRIP CENTER
    Year built 2015
    Construction TILT-UP CONCRETE
    Total area 15,280 SF
    Lot 1.53 ac (66,473 SF)
    Zoning code Z243
    APN 325626500A0050000
    UPID US82-9891539
    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
    • Distinctive Vision Care Medical Clinic
    • Duct Cleaning HVAC Service
    • Vapor Dad (Bike/Boat/Book/etc) Store Alternative Medicine Practice
    • Shawarma Press - Irving Restaurant
    • Shawarma Press franchise Restaurant
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    $505k
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    $1.11M
    Blend (final) Blend
    $810k
    Owner & transaction history
    Royal Shopping Center LLC · 9 yrs held
    Royal Shopping Center LLC
    since 2017
    3 recorded transactions
    2020
    2017
    1969
    Zoning & alternative use
    Z243 · Irving, TX
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
    Top alternative use upside
    Retail stores $1.2M +72.8%
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    “Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
    More about this property
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