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

    8111 Royal Ridge Pkwy Irving, TX 75063

    • Industrial properties
    • 57,713 SF
    • 8.93 lot acres
    For Lease
    View listing
    $10 SF/Yr
    Last Sale
    May 14, 2024
    Value Estimations
    $1,275,000
    Cap Rate Potential
    Location Intelligence
    Property ID
    US83-3861300
    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

    • One Exchange / Call Center

    Property Details for 8111 Royal Ridge Pkwy

    Year built
    1986
    Construction
    TILT-UP CONCRETE
    Lot size
    8.93 lot acres
    Property size
    57,713 SF
    Zone code
    Z392
    Property type
    Industrial properties
    APN
    324609600A0010000
    APU
    324609600A0010000

    Description

    This exceptional Irving, Texas business center, the Royal Ridge Business Center, offers a prime opportunity for businesses seeking executive office space. Located at 8111 Royal Ridge Pkwy, 75063, in Dallas County, this two-building complex boasts a total of 90,433 square feet of office space. The property features flexible layouts, accommodating various business needs. Currently, there are multiple spaces available, ranging from a minimum of 17,436 square feet to a maximum contiguous space of 45,000 square feet. A significant 62,950 square feet is currently vacant, presenting a unique opportunity for expansion or relocation. The property's design includes a generous parking ratio of 8 spaces per 1,000 square feet, ensuring ample parking for tenants and their clients. The property is categorized as Executive Office, Flex, and Professional space, making it suitable for a wide range of businesses. This prime location in Irving, Texas offers easy access to major transportation routes and amenities. The property's two-story design provides a variety of configurations to suit diverse business requirements. Contact us today to explore the possibilities of establishing your business in this prestigious location.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $1,155,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $1,388,000
      Market price range: $860k - $1.70M

    • Alternative Use

      Use
      Estimation
      INDUSTRIAL (GENERAL)
      $1,185,000
      Current use
      NEIGHBORHOOD: SHOPPING CENTER
      $2,095,000
      Change: +77% Conversion: Difficult
      COMMERCIAL (GENERAL)
      $1,700,000
      Change: +44% Conversion: Difficult
      OFFICE BUILDING
      $1,440,000
      Change: +21% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Irving
    County
    Dallas
    State
    Texas
    Longitude
    -96.9959
    Latitude
    32.918
    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
    $157,525
    $5,832,900
    $1,367,100
    $7,200,000
    -
    $5,832,900
    $1,367,100
    $7,200,000

    Comparable in this City

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    • Value Estimation
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      80,372 SF

      4343 Royal Ln

      INDUSTRIAL (GENERAL) • 80,372 SF
      4343 Royal Ln, Irving, TX 75063-2324
      View Details
    • Value Estimation
      $620,000
      22,242 SF

      2324 Gtwy Dr

      INDUSTRIAL (GENERAL) • 22,242 SF
      2324 Gtwy Dr, Irving, TX 75063-2725
      View Details
    • Value Estimation by Request
      80,176 SF

      2900 Commerce Dr

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      2900 Commerce Dr, Irving, TX 75063
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    • Value Estimation
      $800,000
      40,040 SF

      8550 Esters Blvd

      INDUSTRIAL (GENERAL) • 40,040 SF
      8550 Esters Blvd, Irving, TX 75063-2205
      View Details
    • Value Estimation
      $840,000
      36,558 SF

      4949 Royal Ln

      INDUSTRIAL (GENERAL) • 36,558 SF
      4949 Royal Ln, Irving, TX 75063-2514
      View Details

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      Irving Office Space Available

      Office property for sale in Irving, Texas.
      8333 Royal Ridge Pkwy, Irving, TX 75063
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    Similar Nearby for Lease

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      45,174 SF

      Industrial Space Available For Lease

      45,174 SF industrial space with office and warehouse components.
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      Royal Freeport Tech Center: Flex Space

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    Irving, TX 75063
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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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