Add Listing
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    4231 State Hwy 161 Irving, TX 75038-1479

    • Commercial land
    • 11,250 SF
    • 2.60 lot acres
    OFF-MARKET
    Last Sale
    Apr 10, 2025
    Value Estimations
    $1,395,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US82-9112680
    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.

    Current Use by Public Records

    • Oriental Dessert Co. / Grocery & Convenience Store

    Property Details for 4231 State Hwy 161

    Year built
    2013
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    2.60 lot acres
    Property size
    11,250 SF
    Zone code
    Z393
    Property type
    Commercial land
    APN
    325563200A0020000
    APU
    325563200A0020000

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $1,237,000
      Market price range: $434k - $1.40M

    • Alternative Use

      Use
      Estimation
      COMMERCIAL (GENERAL)
      $1,015,000
      Current use
      RESTAURANT
      $1,455,000
      Change: +43% Conversion: Difficult
      MEDICAL BUILDING
      $1,180,000
      Change: +16% Conversion: Easy
      AUTO REPAIR, GARAGE
      $1,125,000
      Change: +11% Conversion: Difficult
      RETAIL STORES
      $900,000
      Change: -11% Conversion: Easy

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

    Location Insight

    • Map
    • Local Demand
    City
    Irving
    County
    Dallas
    State
    Texas
    Longitude
    -97.0051
    Latitude
    32.8657
    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
    $9,804
    $453,370
    $0.00
    $453,370
    -
    $453,370
    $0.00
    $453,370

    Comparable in this City

    • Value Estimation by Request
      2.56 Acres

      1952 Walnut Hl Ln

      VACANT COMMERCIAL LAND • 2.56 Acres
      1952 Walnut Hl Ln, Irving, TX 75038
      View Details
    • Value Estimation by Request
      8.94 Acres

      4301 Star Dr

      VACANT COMMERCIAL LAND • 8.94 Acres
      4301 Star Dr, Irving, TX 75038
      View Details
    • Value Estimation by Request
      5.57 Acres

      4610 Vly Vw Ln

      VACANT COMMERCIAL LAND • 5.57 Acres
      4610 Vly Vw Ln, Irving, TX 75038
      View Details
    • Value Estimation by Request
      5.69 Acres

      4900 Vly Vw Ln

      VACANT COMMERCIAL LAND • 5.69 Acres
      4900 Vly Vw Ln, Irving, TX 75038-3344
      View Details
    • Value Estimation by Request
      0.28 Acres

      4192 Vly Vw Ln

      VACANT COMMERCIAL LAND • 0.28 Acres
      4192 Vly Vw Ln, Irving, TX 75038-4511
      View Details
    • Value Estimation by Request
      2.74 Acres

      4257 Macarthur Blvd

      VACANT COMMERCIAL LAND • 2.74 Acres
      4257 Macarthur Blvd, Irving, TX 75038-6412
      View Details

    Similar Nearby for Sale

    • $1,766,794
      1.69 Acres

      Commercial Land in Irving, TX

      Highly visible commercial land suitable for various developments.
      2851 N State Highway 161, Irving, TX 75038
      View Details
    • $1,900,000
      2.45 Acres

      Prime Irving Commercial Land

      2.445 Acres, High Traffic Area
      4201 Belt Line Rd, Irving, TX 75038
      View Details
    • Contact for pricing

      Land For Sale Irving

      Land available for sale at 1215 Greenway Dr, Irving, TX.
      1215 Greenway Dr, Irving, TX 75038
      View Details
    • Contact for pricing
      2.56 Acres

      Las Colinas Commercial Land - 2.56 Acres

      Prime 2.56-acre commercial lot in Las Colinas.
      1001 Macarthur Ridge Dr, Irving, TX 75038
      View Details
    • Contact for pricing

      2.69 Acres Light Industrial Land

      2.69 acres of light industrial land for sale.
      2900 W Skyway Cir, Irving, TX 75038
      View Details
    • $800,000
      1.00 Acres

      Belt Line Road Commercial Land

      Prime Irving, TX lot, high traffic.
      4201 Belt Line Rd, Irving, TX 75038
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      1 SF

      Prime Irving Commercial Land

      1 Acre Lot, High Visibility, Ideal Location
      4201 Belt Line Rd, Irving, TX 75038
      View Details
    • Contact for pricing
      1 SF

      Prime Irving Commercial Land

      2.44 Acres, High-Traffic Location
      4201 Belt Line Rd, Irving, TX 75038
      View Details
    • $5 SF/Yr
      6,033 SF

      Irving Office Space for Lease

      Flexible Workspaces in Prime Location
      5601 Executive Dr, Irving, TX 75038
      View Details
    • Contact for pricing
      88,000 SF

      Westridge Park Executive Offices

      88,000 SF Class A Office Space in Irving, TX
      1660 Westridge Cir, Irving, TX 75038
      View Details
    • $3,500 /Mo
      45,520 SF

      Versatile Commercial Property in Reno, TX

      Commercial property with open porch on over an acre in Reno.
      1530 E Reno Rd, Reno, TX 75038
      View Details
    • Contact for pricing
      2,553 SF

      Healthcare Facility Near DFW Airport

      Modern medical office space with convenient access and strategic location.
      6121 State Highway 161, Irving, TX 75038
      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.
    4231 State Hwy 161
    Irving, TX 75038-1479
    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

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!