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Property profile & analytics
OFF-MARKET
Estimated value
$1,505,000
Strip malls
825 Royal Ln Irving, TX 75039-3601
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US82-6484577
Property summary
AI-generated overview
This 2012-built, single-tenant medical office suite in Irving, Texas, offers 29,339 total square feet across two stories within a larger building. The suite boasts a welcoming reception area, eight exam rooms, two private offices, two bathrooms, a staff breakroom, and a versatile storage room. Conveniently located in Dallas County, near major highways (I-635 and Hwy 121), it provides easy access for patients and staff. The building features ground-floor retail spaces, creating a vibrant atmosphere and attracting foot traffic. Its proximity to residential areas, commercial developments, and other medical facilities ensures a strong potential patient base. This exceptional space presents a significant opportunity for healthcare practices seeking a well-appointed and strategically located office in a thriving community. The building includes elevators. The suite is situated at 825 W Royal Ln #230, Irving, TX 75039.
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
2012
Construction
TILT-UP CONCRETE
Total area
31,469 SF
Lot
2.38 ac (103,629 SF)
Zoning code
Z243
APN
322780400A3R20000
UPID
US82-6484577
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
-
Paradise Eats Restaurant
-
i Smile Family Dental Dental Office
-
Therapy Samsara Alternative Medicine Practice
-
Anthony Henegar DDS Dental Office
-
Mathnasium Tutoring Service
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.51M
Owner & transaction history
Lcr Commercial Ventures LLC · 4 yrs held
Lcr Commercial Ventures LLC
since 2021
2 recorded transactions
Zoning & alternative use
Z243 · Irving, TX
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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
NEIGHBORHOOD: SHOPPING CENTER
$1,460,000
Current use
Blend value · Realmo final
$1.51M
Range $1.35M – $1.66M · ±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
$48 / 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
$193,251
Tax year 2023
Assessed value
$9,124,430
Assessed 2023
Previous assessed
$9,124,430
+0.0% YoY
Effective rate
2.12%
On assessed value
Assessed land
$2,072,580
Assessed improvement
$7,051,850
Land market value
$2,072,580
Improvement market value
$7,051,850
Total market value
$9,124,430
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
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Status
Off-Market
Year built
2012
Construction
TILT-UP CONCRETE
Heating
CENTRAL
Cooling
CENTRAL
Stories
2
Total area
31,469 SF
Lot
2.38 ac (103,629 SF)
Zoning code
Z243
APN
322780400A3R20000
UPID
US82-6484577
Jurisdiction
DALLAS
Metro division
DALLAS-PLANO-IRVING, TX METROPOLITAN DIVISION
Zoning & alternative use
Z243 · Irving, TXZoning Z243 · permitted uses
Z243 · 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
NEIGHBORHOOD: SHOPPING CENTER Current
Est. value
$1.5M
NEIGHBORHOOD: SHOPPING CENTER Current
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
2012
Construction
TILT-UP CONCRETE
Heating
CENTRAL
Cooling
Yes
Stories
2
Lot
2.38 ac
Current owner
From public records · entity-resolved
Lcr Commercial Ventures LLC
Entity
Mailing address
2469 BUNNY RUN LN, FRISCO, TX 75034-0083
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
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 14, 2021
—
Lcr Commercial Ventures LLC
Jenah Medical Properties LP
Venders Lien
$6,750,000 · Wells Fargo Bank NA
Dec 18, 2015
—
Jenah Medical Properties LP
Jenah Worldwide LLC
Quit Claim Deed
$6,725,000 · Other Institutional Lenders
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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