Back to Search
Property profile & analytics
OFF-MARKET
Estimated value
$760,000
Parking lots & garages
5001 Statesman Dr Irving, TX 75063-2414
Entity Owned
7-yr Hold
~
Est. High Equity
Property ID
US83-4105130
Property profile
Verified
Property type
Parking lots & garages
Use group
PARKING GARAGE, PARKING STRUCTURE
Year built
2001
Construction
FRAME
Total area
100,050 SF
Lot
6.19 ac (269,767 SF)
Zoning code
Z129
APN
320960500A0010000
UPID
US83-4105130
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
-
Denson Marilynn J MD Physician Medical Clinic
-
Kenneth Jay R. Selerio, CRNA Physician
-
Nucor Steel Corporate Office
-
In Tech Staffing Inc Employment Agency
-
Garcia Rafael R MD Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$760k
Owner & transaction history
Area Exchange Asset II LLC · 7 yrs held
Area Exchange Asset II LLC
since 2019
7 recorded transactions
Zoning & alternative use
Z129 · Irving, TX
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
$8 / 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
$277,856
Tax year 2023
Assessed value
$12,700,000
Assessed 2023
Previous assessed
$12,700,000
+0.0% YoY
Effective rate
2.19%
On assessed value
Assessed land
$4,046,780
Assessed improvement
$8,653,220
Land market value
$4,046,780
Improvement market value
$8,653,220
Total market value
$12,700,000
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
Parking lots & garages
Use group
PARKING GARAGE, PARKING STRUCTURE
Status
Off-Market
Year built
2001
Construction
FRAME
Heating
NONE
Cooling
NONE
Buildings
2
Stories
2
Total area
100,050 SF
Lot
6.19 ac (269,767 SF)
Zoning code
Z129
APN
320960500A0010000
UPID
US83-4105130
Jurisdiction
DALLAS
Metro division
DALLAS-PLANO-IRVING, TX METROPOLITAN DIVISION
Zoning & alternative use
Z129 · Irving, TX
Zoning Z129 · permitted uses
Z129 · 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.
Building & site characteristics
From public records
Year built
2001
Construction
FRAME
Heating
NONE
Cooling
Yes
Stories
2
Buildings
2
Lot
6.19 ac
Current owner
From public records · entity-resolved
Area Exchange Asset II LLC
Entity
Mailing address
290 MADISON AVE FL, NEW YORK, NY 10017-6305
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2019
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
13 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 22, 2020
—
Area Exchange Asset II LLC
—
Deed
related
$12,500,000 · East West Bk
Jan 28, 2019
—
Area Exchange Asset II LLC
Cip 2014 Cp Statesman Drive Owner L
Venders Lien
$12,500,000 · East West Bank
Sep 10, 2018
—
Cip 2014/cp Statesman Drive Ow
—
Deed
related
$8,900,000 · Veritex Cmnty Bk
Sep 26, 2017
—
Cip 2014/cp Statesman Drive Ow
—
Deed
related
$8,900,000 · Veritex Cmnty Bk
Dec 2, 2015
—
Cip 2014/cp Statesman Drive Ow
Bre Statesman Owner LP
Grant Deed
$2,750,000 · Cip 2014 Reit LLC
Jul 21, 2015
—
Bre Statesman Owner LP
Ge Commercial Finance Business Prop
Special Warranty Deed
$140,000,000 · Morgan Stanley Mortgage Capital Holdings
Dec 27, 2006
—
Coml Finance Busn Prop Co Ge
5001 Statesman Drive
Grant Deed
—
Oct 19, 2001
—
Invesco Institutional
Lincoln Mh Build To Suit Ltd
Grant Deed
related
—
Aug 22, 2000
—
Lincoln-mh Build To Suit Ltd
Lloyd Investment Company Ltd
Grant Deed
$11,161,282 · Guaranty Federal Bank Fsb
—
—
Cip 2014/cp Statesman Drive Ow
—
Deed Of Trust
related
$8,100,000 · Sovereign Bk
—
—
Cip 2014/cp Statesman Drive Ow
—
Loan Modification
related
$8,900,000 · Veritex Cmnty Bk
—
—
Cip 2014/cp Statesman Drive Ow
—
Loan Modification
related
$8,900,000 · Veritex Cmnty Bk
—
—
Area Exchange Asset II LLC
—
Loan Modification
related
$12,500,000 · East West 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.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 5001 Statesman Dr?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
