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

    6121 State Highway 161 Irving, TX 75038

    • Medical offices
    • 66,174 SF
    • 4.11 lot acres
    For Lease
    View listing
    Last Sale
    Sep 22, 2020
    Value Estimations
    $1,375,000
    Cap Rate Potential
    Location Intelligence
    Property ID
    US83-0070930
    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

    • Marissa Kuykendall, MSN APRN CNM / Obstetrician-Gynecologist
    • Dr. Jamie Gottlieb / Orthopedic Surgeon
    • Sumitha Atluri MD / Internist / Doctor
    • Jenna Alvarez MPAS PAC / Obstetrician-Gynecologist
    • Steven Hoffman, M.D. / Obstetrician-Gynecologist / Doctor

    Property Details for 6121 State Highway 161

    Year built
    2018
    Construction
    TILT-UP CONCRETE
    Lot size
    4.11 lot acres
    Property size
    66,174 SF
    Zone code
    Z57
    Property type
    Medical offices
    Property subtype
    Medical centers
    APN
    326502500A0010000
    APU
    326502500A0010000

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $1,375,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Irving
    County
    Dallas
    State
    Texas
    Longitude
    -96.9821
    Latitude
    32.8912
    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
    $573,963
    $3,224,920
    $23,875,080
    $27,100,000
    -
    $3,224,920
    $23,875,080
    $27,100,000

    Comparable in this City

    • Value Estimation
      $1,035,000
      56,800 SF

      1110 Cottonwood Ln

      MEDICAL BUILDING • 56,800 SF
      1110 Cottonwood Ln, Irving, TX 75038-6117
      View Details
    • Value Estimation
      $1,585,000
      94,091 SF

      6161 State Hwy 161

      MEDICAL BUILDING • 94,091 SF
      6161 State Hwy 161, Irving, TX 75038-2220
      View Details
    • Value Estimation
      $865,000
      26,488 SF

      4301 Macarthur Blvd

      MEDICAL BUILDING • 26,488 SF
      4301 Macarthur Blvd, Irving, TX 75038-6497
      View Details
    • Value Estimation
      $575,000
      12,840 SF

      4255 Macarthur Blvd

      MEDICAL BUILDING • 12,840 SF
      4255 Macarthur Blvd, Irving, TX 75038-6412
      View Details
    • Value Estimation
      $1,320,000
      116,878 SF

      5000 State Hwy 161

      HOMES (RETIRED, NURSING) • 116,878 SF
      5000 State Hwy 161, Irving, TX 75038-1486
      View Details
    • Value Estimation
      $1,055,000
      87,898 SF

      3421 Story W Rd

      HOMES (RETIRED, NURSING) • 87,898 SF
      3421 Story W Rd, Irving, TX 75038-3571
      View Details

    Similar Nearby for Sale

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      Prime Irving Medical Office Building

      19,952 SF, NNN Lease, 32% Occupancy
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      1,500 SF

      Double Eagle Office Park Condos

      Medical office condos for sale/lease in Irving, TX
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    • $2,500,000
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      Single-Story Office Building in Irving

      Single-story office building near freeways and amenities in Irving, TX.
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    • $2,320,000
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      Irving Office Building For Sale

      Office building available for purchase in Irving, Texas.
      4320 N Belt Line Rd, Irving, TX 75038
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    • $3,500,000
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      Renovated Office Building on Walnut

      19,952 SF renovated office building on 2.30 acres.
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      Las Colinas Office Near Airport

      Centrally located office building in Las Colinas near DFW.
      4322 N Belt Line Rd, Irving, TX 75038
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    Similar Nearby for Lease

    • $5 SF/Yr
      6,033 SF

      Irving Office Space for Lease

      Flexible Workspaces in Prime Location
      5601 Executive Dr, Irving, TX 75038
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    • $9 SF/Yr
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      Prime Irving Medical Office Space

      Modern Suites, Las Colinas, TX
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    • $13 SF/Yr
      41,336 SF

      Regent Place Medical Office Suites

      Las Colinas medical office space available.
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    • Contact for pricing
      2,553 SF

      Healthcare Facility Near DFW Airport

      Modern medical office space with convenient access and strategic location.
      6121 State Highway 161, Irving, TX 75038
      View Details
    • $30 SF/Yr
      1,085 SF

      New Construction Retail/Office Space

      Shell space suitable for retail, medical, or professional office use.
      4500 N Macarthur Blvd, Irving, TX 75038
      View Details
    • Contact for pricing
      22,154 SF

      Las Colinas Flex Space Available

      Prime Irving, TX Distribution Center
      3242-3250 Skyway Cir, Irving, TX 75038
      View Details
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    6121 State Highway 161
    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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