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Property profile & analytics
OFF-MARKET
Estimated value
$3,325,000
Outlet malls
861 John Carpenter Fwy Irving, TX 75039-2304
Entity Owned
16-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US82-0244175
Property profile
Verified
Property type
Outlet malls
Use group
WHOLESALE OUTLET, DISCOUNT STORE
Year built
2000
Construction
TILT-UP CONCRETE
Total area
24,025 SF
Lot
11.25 ac (490,006 SF)
Zoning code
Z393
APN
322592500A1R10000
UPID
US82-0244175
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
-
Aspire Allergy & Sinus Physician Medical Clinic
-
Dallas Medical Assistant School - Irving Vocational School Training Center
-
Texas hold em Gym & Fitness Center Sports Field & Court
-
CityVet - Las Colinas Veterinary Clinic
-
Aubry Jr Alvin J MD Physician Medical Clinic
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$3.07M
Blend (final)
Blend
$3.33M
Owner & transaction history
Lascolinas Dunhill LLC · 16 yrs held
Lascolinas Dunhill LLC
since 2009
4 recorded transactions
Zoning & alternative use
Z393 · Irving, TX
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$3.2M
+68.3%
Restaurant
$3.1M
+61.5%
Medical building
$2.5M
+31.1%
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
COMMERCIAL (GENERAL)
$3,240,000
Change: +68% · Conversion: Easy
RESTAURANT
$3,105,000
Change: +61% · Conversion: Easy
MEDICAL BUILDING
$2,525,000
Change: +31% · Conversion: Difficult
AUTO REPAIR, GARAGE
$2,405,000
Change: +25% · Conversion: Difficult
Blend value · Realmo final
$3.33M
Range $2.99M – $3.66M · ±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
$138 / 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
$718,471
Tax year 2023
Assessed value
$23,150,000
Assessed 2023
Previous assessed
$23,150,000
+0.0% YoY
Effective rate
3.10%
On assessed value
Assessed land
$9,800,560
Assessed improvement
$13,349,440
Land market value
$9,800,560
Improvement market value
$13,349,440
Total market value
$23,150,000
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
Outlet malls
Use group
WHOLESALE OUTLET, DISCOUNT STORE
Status
Off-Market
Year built
2000
Construction
TILT-UP CONCRETE
Heating
CENTRAL
Cooling
CENTRAL
Buildings
6
Stories
1
Total area
24,025 SF
Lot
11.25 ac (490,006 SF)
Zoning code
Z393
APN
322592500A1R10000
UPID
US82-0244175
Jurisdiction
DALLAS
Metro division
DALLAS-PLANO-IRVING, TX METROPOLITAN DIVISION
Zoning & alternative use
Z393 · Irving, TX
Zoning Z393 · permitted uses
Z393 · Irving, TX
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Irving. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL)
Est. value
$3.2M
RESTAURANT
Est. value
$3.1M
MEDICAL BUILDING
Est. value
$2.5M
AUTO REPAIR, GARAGE
Est. value
$2.4M
COMMERCIAL (GENERAL)
RESTAURANT
MEDICAL BUILDING
AUTO REPAIR, GARAGE
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
2000
Construction
TILT-UP CONCRETE
Heating
CENTRAL
Cooling
Yes
Stories
1
Buildings
6
Lot
11.25 ac
Current owner
From public records · entity-resolved
Lascolinas Dunhill LLC
Entity
Mailing address
2600 S GESSNER RD STE #500, HOUSTON, TX 77063-3223
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2009
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 13, 2009
—
Lascolinas Dunhill LLC
Centro Heritage Lascolinas LLC
Quit Claim Deed
related
$13,105,400 · Wilshire State Bank
Dec 12, 2007
—
Centro Heritage Lascolinas LLC
—
Deed Of Trust
related
$122,500,000 · Key Bank & Trust
Jun 6, 2007
—
Centro Heritage Las Colinas Ll
Heritage Southwest
Quit Claim Deed
related
—
—
—
Las Colinas Dunhill LLC
—
Deed Of Trust
related
$17,540,000 · Cantor Com'l R/e Lending LP
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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