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Property profile & analytics
OFF-MARKET
Estimated value
$3,885,000
Office buildings
5244 Bear Crk Ct Irving, TX 75061-6011
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US82-3444084
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
2007
Construction
TILT-UP CONCRETE
Total area
32,360 SF
Lot
2.69 ac (117,176 SF)
Zoning code
Z127
APN
32559970000010000
UPID
US82-3444084
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
-
CEC FG Career & Technology Center / Prefab Center Construction Company
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$3.48M
Blend (final)
Blend
$3.89M
Owner & transaction history
Firefly Real Estate Development LLC · 4 yrs held
Firefly Real Estate Development LLC
since 2022
7 recorded transactions
Zoning & alternative use
Z127 · Irving, TX
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$4.6M
+32.9%
Restaurant
$4.6M
+31.7%
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
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
OFFICE BUILDING
$3,490,000
Current use
COMMERCIAL (GENERAL)
$4,640,000
Change: +33% · Conversion: Easy
RESTAURANT
$4,600,000
Change: +32% · Conversion: Moderate
AUTO REPAIR, GARAGE
$3,240,000
Change: -7% · Conversion: Difficult
Blend value · Realmo final
$3.89M
Range $3.50M – $4.27M · ±10%
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$120 / 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
$89,277
Tax year 2023
Assessed value
$4,004,550
Assessed 2023
Previous assessed
$4,004,550
+0.0% YoY
Effective rate
2.23%
On assessed value
Assessed land
$703,060
Assessed improvement
$3,301,490
Land market value
$703,060
Improvement market value
$3,301,490
Total market value
$4,004,550
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
2007
Construction
TILT-UP CONCRETE
Heating
CENTRAL
Cooling
CENTRAL
Stories
1
Total area
32,360 SF
Lot
2.69 ac (117,176 SF)
Zoning code
Z127
APN
32559970000010000
UPID
US82-3444084
Jurisdiction
DALLAS
Metro division
DALLAS-PLANO-IRVING, TX METROPOLITAN DIVISION
Zoning & alternative use
Z127 · Irving, TX
Zoning Z127 · permitted uses
Z127 · 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.
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING Current
Est. value
$3.5M
COMMERCIAL (GENERAL)
Est. value
$4.6M
RESTAURANT
Est. value
$4.6M
AUTO REPAIR, GARAGE
Est. value
$3.2M
OFFICE BUILDING Current
COMMERCIAL (GENERAL)
RESTAURANT
AUTO REPAIR, GARAGE
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
2007
Construction
TILT-UP CONCRETE
Heating
CENTRAL
Cooling
Yes
Stories
1
Lot
2.69 ac
Current owner
From public records · entity-resolved
Firefly Real Estate Development LLC
Entity
Mailing address
1275 VLY VW LN, IRVING, TX 75061-3609
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 27, 2023
—
Firefly Real Estate Development LLC
—
Deed
related
$1,990,435 · First United Bank
Jul 29, 2022
—
Firefly Real Estate Development LLC
—
Deed
related
$3,062,654 · First United Bank & Trust Co
Apr 22, 2022
—
Firefly Real Estate Development LLC
Nci Group INC
Special Warranty Deed
$3,038,750 · First United Bank & Trust Co
May 24, 2013
—
Pcb Properties LLC
Park Cities Bk
Warranty Deed
related
—
Aug 24, 2009
—
Valley View Dev Ltd
—
Deed Of Trust
related
$2,800,000 · Park Cities Bank
Jul 8, 2009
—
Valley View Dev Ltd
—
Trustees Deed
related
$607,136 · Park Cities Bank
Jan 15, 2008
—
Nci Group INC
Nci Building Systems
Quit Claim Deed
related
—
—
—
Nci Group INC
—
Deed Of Trust
related
—
—
—
Valley View Dev Ltd
—
Deed Of Trust
related
$910,000 · Park Cities Bank
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
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