Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    5000 Hanson Dr Irving, TX 75038-3304
    Back to Search

    Meet Realmo: The Largest Hub of Commercial Real Estate in the US

    Over 1 million active listings and over 150 million property profiles

    Property profile & analytics

    5000 Hanson Dr Irving, TX 75038-3304

    View on Map
    • Distribution centers
    • 117,535 SF
    • 16.85 lot acres
    Off-Market
    Property ID
    US82-9276241
    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.
    Value Estimations
    $2,420,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • FedEx Ship Center / Courier Service / Postal Service

    Property Details for 5000 Hanson Dr

    Year built
    2013
    Construction
    TILT-UP CONCRETE
    Lot size
    16.85 lot acres
    Property size
    117,535 SF
    Zone code
    Z113
    Property type
    Distribution centers
    APN
    322119900A0010000
    APU
    322119900A0010000

    Value Estimations

    based on Realmo’s proprietary methodology

    • Alternative Use

      Use
      Estimation
      WAREHOUSE, STORAGE
      $2,705,000
      Current use

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

    Location Insight

    • Map
    • Local Demand
    City
    Irving
    County
    Dallas
    State
    Texas
    Longitude
    -96.9989
    Latitude
    32.882
    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
    $250,235
    $2,055,530
    $9,516,320
    $11,571,850
    -
    $2,055,530
    $9,516,320
    $11,571,850

    Comparable in this City

    • Value Estimation
      $1,860,000
      87,217 SF

      3015 Skwy N Cir

      DISTRIBUTION WAREHOUSE • 87,217 SF
      3015 Skwy N Cir, Irving, TX 75038-3524
      View Details
    • Value Estimation
      $1,500,000
      43,375 SF

      2910 Skwy N Cir

      DISTRIBUTION WAREHOUSE • 43,375 SF
      2910 Skwy N Cir, Irving, TX 75038-3509
      View Details
    • Value Estimation
      $1,000,000
      39,195 SF

      3250 Skwy N Cir

      DISTRIBUTION WAREHOUSE • 39,195 SF
      3250 Skwy N Cir, Irving, TX 75038-3527
      View Details
    • Value Estimation
      $12,975,000
      739,219 SF

      3000 State Hwy 161

      DISTRIBUTION WAREHOUSE • 739,219 SF
      3000 State Hwy 161, Irving, TX 75038-1203
      View Details
    • Value Estimation
      $3,100,000
      178,661 SF

      2700 Story Rd W Ste, Unit 100

      DISTRIBUTION WAREHOUSE • 178,661 SF
      2700 Story Rd W Ste, Irving, TX 75038-7392
      View Details
    • Value Estimation
      $1,180,000
      52,431 SF

      3101 Skwy N Cir

      DISTRIBUTION WAREHOUSE • 52,431 SF
      3101 Skwy N Cir, Irving, TX 75038-3526
      View Details

    Similar Nearby for Sale

    • New
      $829,500
      2,850 SF

      Commercial Property in Heart of Reno

      Versatile commercial property with open porch on over an acre.
      1530 E Reno Rd, Reno, TX 75038
      View Details
    • Contact for pricing
      36,450 SF

      Irving Warehouse with Solar Panels

      36,450 SF warehouse featuring solar panels and HVAC.
      1909 Hereford Dr, Irving, TX 75038
      View Details
    • Contact for pricing
      14,630 SF

      Irving Office Building For Sale

      Single-story office building near President George Bush and John Carpenter Freeway.
      1610 Corporate Ct, Irving, TX 75038
      View Details
    • Contact for pricing

      Prime Commercial Land in Irving

      2.445 acres ideal for retail or office development.
      4201 N 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
      2,400 SF

      Retail Space Available

      Retail space available for lease or sale in Irving, TX.
      4008-4028 N Belt Line Rd, Irving, TX 75038
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Irving Distribution Center For Lease

      Distribution center in Irving, Texas, near DFW Airport.
      3242-3250 N Skyway 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
      19,200 SF

      Irving Warehouse with Spec Office

      19,200 SF warehouse space with spec office available for lease.
      4500 N Belt Line Rd, Irving, TX 75038
      View Details
    • $13 SF/Yr

      Versatile Industrial/Flex Space Available

      Premier industrial/flex space for lease in Irving, TX.
      2551 State Highway 161, Irving, TX 75038
      View Details
    • Contact for pricing

      Modern Class A Warehouse Space

      Class A warehouse space with frontage on State Highway 161.
      3705 State Highway 161, Irving, TX 75038
      View Details
    • Contact for pricing
      13,073 SF

      Irving Warehouse Space Available

      13,073 square foot warehouse space for lease in Irving.
      1420 W Walnut Hill Ln, 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.
    5000 Hanson Dr
    Irving, TX 75038-3304
    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

    Thank You for Inquiry
    5000 Hanson Dr, Irving, TX, 75038
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!