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    5455 Green Park Dr Irving, TX 75038
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    5455 Green Park Dr Irving, TX 75038

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    • Hotels
    • 71,820 SF
    • 2.86 lot acres
    For Sale
    $910,000
    View Listing →
    Hyatt Place Dallas/Las Colinas Hotel For Sale
    $910,000
    71,820 SF

    Hyatt Place Dallas/Las Colinas Hotel

    124-room hotel in Irving, TX, renovated in 2015.

    5455 Green Park Drive, Irving, TX 75038
    View Listing
    Property ID
    US82-0785874
    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
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Hyatt Place Dallas / Las Colinas / Hotel & Motel
    • Agile Training Pros / Training Center

    Property Details for 5455 Green Park Dr

    Year built
    1999
    Construction
    FRAME
    Lot size
    2.86 lot acres
    Property size
    71,820 SF
    Zone code
    Z393
    Property type
    Hotels
    APN
    325350000A02A0000
    APU
    325350000A02A0000

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $740,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $1,083,000
      Market price range: $643k - $1.33M

    • Alternative Use

      Use
      Estimation
      HOTEL/MOTEL
      $955,000
      Current use

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

    Location Insight

    • Map
    • Local Demand
    City
    Irving
    County
    Dallas
    State
    Texas
    Longitude
    -96.9554
    Latitude
    32.884
    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
    $277,767
    $1,495,720
    $7,454,280
    $8,950,000
    -
    $1,495,720
    $7,454,280
    $8,950,000

    Comparable in this City

    • Value Estimation
      $750,000
      77,689 SF

      5800 High Pt Dr

      HOTEL • 77,689 SF
      5800 High Pt Dr, Irving, TX 75038-7800
      View Details
    • Value Estimation
      $880,000
      45,632 SF

      4101 Macarthur Blvd, Unit 1

      HOTEL • 45,632 SF
      4101 Macarthur Blvd, Irving, TX 75038
      View Details
    • Value Estimation
      $865,000
      76,000 SF

      1201 Executive Cir

      HOTEL • 76,000 SF
      1201 Executive Cir, Irving, TX 75038-2513
      View Details
    • Value Estimation
      $1,285,000
      66,377 SF

      820 Walnut Hl Ln

      HOTEL • 66,377 SF
      820 Walnut Hl Ln, Irving, TX 75038-2611
      View Details
    • Value Estimation
      $3,455,000
      328,734 SF

      4101 Macarthur Blvd, Unit 2

      HOTEL • 328,734 SF
      4101 Macarthur Blvd, Irving, TX 75038
      View Details
    • Value Estimation
      $605,000
      61,060 SF

      5300 Grn Park Dr

      HOTEL • 61,060 SF
      5300 Grn Park Dr, Irving, TX 75038-6925
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      Hyatt Place Dallas/Las Colinas Hotel

      124-room hotel in Irving, TX, renovated in 2015.
      5455 Green Park Dr, 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
    • 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
    • $2,500,000
      0.95 Acres

      Single-Story Office Building in Irving

      Single-story office building near freeways and amenities in Irving, TX.
      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
      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

    Similar Nearby for Lease

    • Contact for pricing

      Retail Space in Irving Center

      High-visibility retail space in a well-trafficked Irving corridor.
      4008 N Belt Line Rd, Irving, TX 75038
      View Details
    • Contact for pricing

      Modern Office Space in Irving

      Spacious 2,714 SF office with modern design and great location.
      5260 Valley View Ln, Irving, TX 75038
      View Details
    • Contact for pricing
      1,147 SF

      Class A Office Space Available

      Class A office space for rent in Las Colinas.
      1212 Corporate Dr, Irving, TX 75038
      View Details
    • Contact for pricing
      1,550 SF

      Retail Space Near DFW Airport

      Infill neighborhood shopping center with high traffic and accessibility.
      4070 N Belt Line Rd, 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

      Office Space in Planned Development

      Office space available for rent in a new planned development.
      1660 Westridge Cir N, Irving, TX 75038
      View Details
    View Listing
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    Irving, TX 75038
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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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