Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    700 Walnut Rdg Dr Irving, TX 75038-1000
    Property profile & analytics

    700 Walnut Rdg Dr, Irving, TX 75038-1000

    View on Map
    • Hotels
    • 135,384 SF
    • 7.00 lot acres
    Off-Market
    Property ID
    US82-0756824
    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
    $1,175,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Tej Tech / Corporate Office
    • KSHY Radio / Radio Station / Telecommunications Service
    • Drakes Tax Service / Tax Preparation
    • BraidingbyC / Hair Salon
    • Budget Suites of America / Hotel & Motel / Vacation Rental

    Property Details for 700 Walnut Rdg Dr

    Year built
    1998
    Construction
    FRAME
    Lot size
    7.00 lot acres
    Zone code
    Z393
    Property type
    Hotels
    APN
    322034000A0030000
    APU
    322034000A0030000

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Apr 6, 2020 — Bigelow Arizona Tx-336 LP — Deed · related $330M · Us Bk
    Dec 19, 2016 — Bigelow Arizona Tx-336 LP — Deed · related $280M · Us Bk
    Dec 18, 2012 — Arizona Tx-336 LP Bigelow — Deed Of Trust · related $230M · Us Bank NA
    Feb 11, 2008 — Arizona Tx-336 Bigelow — Deed Of Trust · related $170M · Us Bank NA
    May 25, 2000 — Bigelow Arizona LLC Vii Budget Suites Of America LLC Grant Deed · related —
    — — Bigelow Arizona Tx-336 LP — Deed Of Trust · related $330M · Us Bk
    — — Bigelow Arizona Tx-336 LP — Deed Of Trust · related $280M · Us Bk

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $875,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $1,474,000
      Market price range: $1.21M - $2.51M

    • Alternative Use

      Use
      Estimation
      HOTEL/MOTEL
      $1,800,000
      Current use

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

    Location Insight

    • Map
    • Local Demand
    City
    Irving
    County
    Dallas
    State
    Texas
    Longitude
    -96.9569
    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
    $377,857
    $3,658,510
    $8,516,490
    $12,175,000
    -
    $3,658,510
    $8,516,490
    $12,175,000

    Comparable in this City

    • Value Estimation
      $910,000
      71,820 SF

      5455 Grn Park Dr

      HOTEL
      5455 Grn Park Dr, Irving, TX 75038-6924
      View Details
    • Value Estimation
      $830,000
      49,360 SF

      4225 Macarthur Blvd

      HOTEL
      4225 Macarthur Blvd, Irving, TX 75038-6412
      View Details
    • Value Estimation by Request
      28,685 SF

      1223 Greenway Dr

      HOTEL
      1223 Greenway Dr, Irving, TX 75038-2533
      View Details
    • Value Estimation
      $1,070,000
      83,260 SF

      1151 Walnut Hl Ln

      HOTEL
      1151 Walnut Hl Ln, Irving, TX 75038-3004
      View Details
    • Value Estimation
      $715,000
      69,830 SF

      605 Mdw Crk Dr

      HOTEL
      605 Mdw Crk Dr, Irving, TX 75038-3129
      View Details
    • Value Estimation
      $1,170,000
      123,192 SF

      525 Mdw Crk Dr

      HOTEL
      525 Mdw Crk Dr, Irving, TX 75038-3127
      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
    • $2,500,000
      0.95 Acres

      Single-Story Office Building

      Single-story office built in 1982 offering 14,630 SF for sale near major Irving thoroughfares.
      1610 Corporate Ct, 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
    • 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
    • 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

    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
      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
    • Contact for pricing

      Irving Commercial Space Available

      Commercial space for rent at 2039-2051 W Walnut Hill Ln.
      2039-2051 W Walnut Hill Ln, Irving, TX 75038
      View Details
    • New
      $3,550 /Mo
      114,214 SF

      Turnkey Office Condo Suite

      Move-in-ready, fully furnished office condo with private offices and server room in a high-access Las Colinas location.
      230 O Connor Ridge Blvd, Irving, TX 75038
      View Details
    • $13 SF/Yr

      Versatile Industrial/Flex Space Available

      Premier industrial/flex space for lease in Irving, TX.
      2551 State Highway 161, Irving, TX 75038
      View Details
    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.
    700 Walnut Rdg Dr
    Irving, TX 75038-1000
    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

    Thank You for Inquiry
    700 Walnut Rdg Dr, Irving, TX, 75038
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!