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Property profile & analytics
OFF-MARKET
Estimated value
$10,880,000
Medical Office Space
6161 State Hwy 161 Irving, TX 75038-2220
Entity Owned
5-yr Hold
~
Est. High Equity
Property ID
US83-1226902
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
2016
Construction
TILT-UP CONCRETE
Total area
94,091 SF
Lot
6.21 ac (270,333 SF)
Zoning code
Z57
APN
326502500A0020000
UPID
US83-1226902
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
-
DFW Wound Care Center Medical Clinic
-
Lewis Pain & Physical Medicine Physician
-
Boardwalk Diagnostics - Irving Medical Clinic
-
Boardwalk Pharmacy Pharmacy
-
Marya Wright, APN PMHNP – BC Medical Clinic
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$12.29M
Blend (final)
Blend
$10.88M
Owner & transaction history
Kagr Irving 161 LLC · 5 yrs held
Kagr Irving 161 LLC
since 2021
6 recorded transactions
Zoning & alternative use
Z57 · Irving, TX
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$12.2M
+23.2%
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
MEDICAL BUILDING
$9,880,000
Current use
RESTAURANT
$12,170,000
Change: +23% · Conversion: Difficult
AUTO REPAIR, GARAGE
$9,420,000
Change: -5% · Conversion: Difficult
COMMERCIAL (GENERAL)
$8,485,000
Change: -14% · Conversion: Easy
Blend value · Realmo final
$10.88M
Range $9.79M – $11.97M · ±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
$116 / 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
$590,907
Tax year 2023
Assessed value
$27,900,000
Assessed 2023
Previous assessed
$27,900,000
+0.0% YoY
Effective rate
2.12%
On assessed value
Assessed land
$4,865,990
Assessed improvement
$23,034,010
Land market value
$4,865,990
Improvement market value
$23,034,010
Total market value
$27,900,000
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
Medical Office Space
Use group
MEDICAL BUILDING
Status
Off-Market
Year built
2016
Construction
TILT-UP CONCRETE
Heating
CENTRAL
Cooling
CENTRAL
Buildings
2
Stories
3
Total area
94,091 SF
Lot
6.21 ac (270,333 SF)
Zoning code
Z57
APN
326502500A0020000
UPID
US83-1226902
Jurisdiction
DALLAS
Metro division
DALLAS-PLANO-IRVING, TX METROPOLITAN DIVISION
Zoning & alternative use
Z57 · Irving, TXZoning Z57 · permitted uses
Z57 · Irving, TX
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
MEDICAL BUILDING Current
Est. value
$9.9M
RESTAURANT
Est. value
$12.2M
AUTO REPAIR, GARAGE
Est. value
$9.4M
COMMERCIAL (GENERAL)
Est. value
$8.5M
MEDICAL BUILDING Current
RESTAURANT
AUTO REPAIR, GARAGE
COMMERCIAL (GENERAL)
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
2016
Construction
TILT-UP CONCRETE
Heating
CENTRAL
Cooling
Yes
Stories
3
Buildings
2
Lot
6.21 ac
Current owner
From public records · entity-resolved
Kagr Irving 161 LLC
Entity
Mailing address
800 W MADISON ST STE #400, CHICAGO, IL 60607-2481
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 8, 2021
—
Kagr Irving 161 LLC
Irving 161 Medical Properties LLC
Special Warranty Deed
$510,200,000 · Capital One Bank NA
Apr 9, 2020
—
Irving 161 Medical Properties LLC
—
Deed
related
$175,000,000 · Capital One NA
Feb 19, 2020
—
Irving 161 Medical Prop LLC
—
Deed
related
$21,400,000 · Fifth Third Bk NA
Dec 14, 2018
—
Irving 161 Medical Prop LLC
—
Deed
related
$21,750,000 · Fifth Third Bk
—
—
Irving 161 Medical Prop LLC
—
Loan Modification
related
$21,750,000 · Fifth Third Bk
—
—
Irving 161 Medical Prop LLC
—
Loan Modification
related
$21,400,000 · Fifth Third Bk NA
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.
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