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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    4929 Royal Ln Irving, TX 75063-2746

    • Office buildings
    • 33,489 SF
    • 1.38 lot acres
    OFF-MARKET
    Value Estimations
    $970,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US82-1960129
    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

    • Care Entrée / Insurance Agency
    • Milestone / Warehouse
    • Mastec DL / School

    Property Details for 4929 Royal Ln

    Year built
    1987
    Construction
    TILT-UP CONCRETE
    Lot size
    1.38 lot acres
    Property size
    33,489 SF
    Zone code
    Z243
    Property type
    Office buildings
    APN
    32076000000010300
    APU
    32076000000010300

    Description

    Commerce Park, located at 4929 W Royal Ln, Irving, TX 75063, offers exceptional office space in a prime location. This traditional office building, constructed in 1985 and extensively renovated in 2022, provides a blend of classic charm and modern amenities. The property features multiple tenancies, with six individual office suites currently available, ranging in size from 934 square feet to 4,947 square feet, catering to diverse business needs. Its strategic location in the heart of Irving's corporate and industrial district offers unparalleled accessibility. Situated less than five miles from Dallas/Fort Worth International Airport and numerous retail establishments, the building enjoys exceptional convenience for employees and clients alike. Furthermore, its proximity to three major highways ensures effortless commutes and efficient transportation throughout the Dallas-Fort Worth metroplex. This is an ideal opportunity for businesses seeking a well-maintained, conveniently located, and versatile office space in a thriving Texas market. The building's recent renovation ensures modern functionality and aesthetics, providing a professional and productive work environment. Contact us today to learn more about available suites and lease terms.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $970,000

    • Alternative Use

      Use
      Estimation
      OFFICE BUILDING
      $835,000
      Current use
      RETAIL STORES
      $1,435,000
      Change: +72% Conversion: Moderate
      NEIGHBORHOOD: SHOPPING CENTER
      $1,215,000
      Change: +46% Conversion: Difficult
      COMMERCIAL (GENERAL)
      $985,000
      Change: +18% Conversion: Easy
      INDUSTRIAL (GENERAL)
      $690,000
      Change: -18% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Irving
    County
    Dallas
    State
    Texas
    Longitude
    -97.0143
    Latitude
    32.9212
    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
    $48,407
    $748,690
    $1,463,830
    $2,212,520
    -
    $748,690
    $1,463,830
    $2,212,520

    Comparable in this City

    • Value Estimation
      $330,000
      1,690 SF

      7105 Summitview Dr

      OFFICE BUILDING • 1,690 SF
      7105 Summitview Dr, Irving, TX 75063-3364
      View Details
    • Value Estimation
      $1,420,000
      94,936 SF

      10030 Macarthur Blvd

      OFFICE BUILDING • 94,936 SF
      10030 Macarthur Blvd, Irving, TX 75063-5001
      View Details
    • Value Estimation
      $905,000
      45,523 SF

      4529 Royal Ln

      OFFICE BUILDING • 45,523 SF
      4529 Royal Ln, Irving, TX 75063-2556
      View Details
    • Value Estimation
      $1,590,000
      80,000 SF

      4650 Regent Blvd

      OFFICE BUILDING • 80,000 SF
      4650 Regent Blvd, Irving, TX 75063-2482
      View Details
    • Value Estimation
      $1,275,000
      80,997 SF

      8001 Ridgepoint Dr

      OFFICE BUILDING • 80,997 SF
      8001 Ridgepoint Dr, Irving, TX 75063-3156
      View Details
    • Value Estimation
      $860,000
      4,349 SF

      4600 John Carpenter Fwy

      OFFICE BUILDING • 4,349 SF
      4600 John Carpenter Fwy, Irving, TX 75063
      View Details

    Similar Nearby for Sale

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      Irving Office Space Available

      Office property for sale in Irving, Texas.
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    • Contact for pricing
      60,915 SF

      Office/Warehouse Business Park Near DFW

      Multi-tenant office and office/warehouse spaces near DFW Airport.
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    • $1,900,000
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      Updated Office Ready for Conversion

      Updated commercial office suitable for school, daycare, or professional use.
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      69,363 SF

      Irving Warehouse with 32' Clearance

      69,160 SF warehouse with 32' clearance and ESFR sprinkler.
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    • $2,487,327
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      NNN Leased Golden Chick Restaurant

      New 20-year NNN lease with attractive rental increases.
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    • $4,000,275

      Retail Property For Sale

      Retail property available for purchase in Irving, Texas.
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    Similar Nearby for Lease

    • Contact for pricing
      21,150 SF

      Class A Office Building

      Class A office building with rooftop terrace and conference center.
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      7,866 SF

      Irving Office Space For Rent

      Multi-tenant office buildings near DFW International Airport.
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      81,780 SF

      Irving Office Space For Lease

      Office space for lease with excellent visibility and access.
      8333 Ridgepoint Dr, Irving, TX 75063
      View Details
    • Contact for pricing
      36,471 SF

      Office Building Near DFW Airport

      78,464 RSF office building available near DFW Airport.
      8001 Ridgepoint Dr, Irving, TX 75063
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    • Contact for pricing
      24,121 SF

      Two-Story Office Building For Lease

      Two-story office building with expansion land and ample parking.
      7979 N Belt Line Rd, Irving, TX 75063
      View Details
    • $14 SF/Yr
      53,826 SF

      Irving Office Building For Rent

      Two-story office building with tenant cafe and ample parking.
      8081 Royal Ridge Pkwy, Irving, TX 75063
      View Details
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    Irving, TX 75063-2746
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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.

    More about this property
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