Add Listing
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    6363 N State Highway 161 Irving, TX 75038
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    6363 N State Highway 161 Irving, TX 75038

    View on Map
    • Office buildings
    • 231,015 SF
    • 6.61 lot acres
    For Lease
    $24 SF/Yr
    View Listing →
    Irving Office Space For Rent For Lease
    $24 SF/Yr
    9,687 SF

    Irving Office Space For Rent

    9,687 square foot office space available for lease.

    6363 N State Hwy 161, Irving, TX
    View Listing
    Property ID
    US82-4105162
    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

    • Landmark Health / Medical Clinic
    • Thomas Bowers Attorney / Law Firm
    • Heather Sands / Physician
    • Frances Weller / Physician
    • TransNational ATM Corp / Atm

    Property Details for 6363 N State Highway 161

    Year built
    1998
    Construction
    FRAME
    Lot size
    6.61 lot acres
    Property size
    231,015 SF
    Zone code
    Z57
    Property type
    Office buildings
    APN
    322590300A0020000
    APU
    322590300A0020000

    Value Estimations

    based on Realmo’s proprietary methodology

    • Alternative Use

      Use
      Estimation
      OFFICE BUILDING
      $8,045,000
      Current use
      NEIGHBORHOOD: SHOPPING CENTER
      $10,705,000
      Change: +33% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Irving
    County
    Dallas
    State
    Texas
    Longitude
    -96.9761
    Latitude
    32.8962
    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
    $1,179,347
    $5,184,340
    $32,815,660
    $38,000,000
    -
    $5,184,340
    $32,815,660
    $38,000,000

    Comparable in this City

    • Value Estimation
      $780,000
      29,400 SF

      3110 Skwy S Cir

      OFFICE BUILDING • 29,400 SF
      3110 Skwy S Cir, Irving, TX 75038-4207
      View Details
    • Value Estimation
      $880,000
      21,696 SF

      3007 Skwy N Cir

      OFFICE BUILDING • 21,696 SF
      3007 Skwy N Cir, Irving, TX 75038-3564
      View Details
    • Value Estimation
      $4,435,000
      163,073 SF

      6333 State Hwy 161

      OFFICE BUILDING • 163,073 SF
      6333 State Hwy 161, Irving, TX 75038-2216
      View Details
    • Value Estimation
      $2,055,000
      152,226 SF

      1825 Walnut Hl Ln

      OFFICE BUILDING • 152,226 SF
      1825 Walnut Hl Ln, Irving, TX 75038-3218
      View Details
    • Value Estimation
      $825,000
      28,787 SF

      1920 Westridge Dr

      OFFICE BUILDING • 28,787 SF
      1920 Westridge Dr, Irving, TX 75038-2901
      View Details
    • Value Estimation
      $2,275,000
      105,450 SF

      1425 Greenway Dr

      OFFICE BUILDING • 105,450 SF
      1425 Greenway Dr, Irving, TX 75038-2447
      View Details

    Similar Nearby for Sale

    • 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
    • Contact for pricing

      Irving Office Building For Sale

      Office building available for purchase in Irving, Texas.
      6051 State Highway 161, 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
      19,952 SF

      Renovated Office Building on Walnut

      19,952 SF renovated office building on 2.30 acres.
      1320 W Walnut Hill Ln, Irving, TX 75038
      View Details
    • Contact for pricing

      Irving Office Park Opportunity

      Office and medical use property in Irving, Texas.
      4500 N Macarthur Blvd, Irving, TX 75038
      View Details
    • Contact for pricing
      8,969 SF

      Las Colinas Office Near Airport

      Centrally located office building in Las Colinas near DFW.
      4322 N Belt Line Rd, Irving, TX 75038
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Renovated Office Building For Lease

      Recently renovated 19,952 SF office building on 2.30 acres.
      1320 W Walnut Hill Ln, Irving, TX 75038
      View Details
    • Contact for pricing
      58,536 SF

      Irving Office Space For Lease

      Office space available for lease in Irving, Texas.
      200 W John Carpenter Fwy, Irving, TX 75038
      View Details
    • Contact for pricing
      253,340 SF

      Irving Office Space with Amenities

      Office building with fitness center, cafeteria, and conference center.
      919 Hidden Rdg, Irving, TX 75038
      View Details
    • Contact for pricing
      112,536 SF

      Irving Office Space For Lease

      Substantially furnished corporate campus in Irving, TX, available for lease.
      777 Hidden Rdg, Irving, TX 75038
      View Details
    • $18 SF/Yr
      59,908 SF

      Upgraded Office Space For Rent

      Office building with upgraded amenities, convenient location, and freeway visibility.
      6191 State Highway 161, Irving, TX 75038
      View Details
    • Contact for pricing

      Upgraded Mid-Rise Office Building

      Mid-rise office building with covered parking in a convenient location.
      1304 W Walnut Hill Ln, Irving, TX 75038
      View Details
    View Listing
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    6363 N State Highway 161
    Irving, TX 75038
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!