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Property profile & analytics
OFF-MARKET
Estimated value
$1,300,000
Distribution centers
8700 Royal Ln Irving, TX 75063-2539
Entity Owned
6-yr Hold
~
Est. High Equity
Property ID
US82-4599076
Property profile
Verified
Property type
Distribution centers
Use group
DISTRIBUTION WAREHOUSE
Year built
1981
Construction
TILT-UP CONCRETE
Total area
80,080 SF
Lot
5.24 ac (228,254 SF)
Zoning code
Z129
APN
32096550510020000
UPID
US82-4599076
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
-
SCG Mechanical General Contractor Construction Company
-
PremRock Construction Company
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.33M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.27M
Blend (final)
Blend
$1.30M
Owner & transaction history
Dallas Industrial Ll LLC · 6 yrs held
Dallas Industrial Ll LLC
since 2019
6 recorded transactions
Zoning & alternative use
Z129 · Irving, TX
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$2.0M
+77.2%
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
$1,330,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$1,125,000
Current use
OFFICE BUILDING
$1,995,000
Change: +77% · Conversion: Difficult
Blend value · Realmo final
$1.30M
Range $1.17M – $1.43M · ±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
$16 / 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
$141,891
Tax year 2023
Assessed value
$6,485,420
Assessed 2023
Previous assessed
$6,485,420
+0.0% YoY
Effective rate
2.19%
On assessed value
Assessed land
$3,423,500
Assessed improvement
$3,061,920
Land market value
$3,423,500
Improvement market value
$3,061,920
Total market value
$6,485,420
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
Distribution centers
Use group
DISTRIBUTION WAREHOUSE
Status
Off-Market
Year built
1981
Construction
TILT-UP CONCRETE
Heating
CENTRAL
Cooling
CENTRAL
Buildings
2
Stories
1
Total area
80,080 SF
Lot
5.24 ac (228,254 SF)
Zoning code
Z129
APN
32096550510020000
UPID
US82-4599076
Jurisdiction
DALLAS
Metro division
DALLAS-PLANO-IRVING, TX METROPOLITAN DIVISION
Zoning & alternative use
Z129 · Irving, TX
Zoning Z129 · permitted uses
Z129 · 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
WAREHOUSE, STORAGE Current
Est. value
$1.1M
OFFICE BUILDING
Est. value
$2.0M
WAREHOUSE, STORAGE Current
OFFICE BUILDING
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
1981
Construction
TILT-UP CONCRETE
Heating
CENTRAL
Cooling
Yes
Stories
1
Buildings
2
Lot
5.24 ac
Current owner
From public records · entity-resolved
Dallas Industrial Ll LLC
Entity
Mailing address
280 PARK AVE FL #36, NEW YORK, NY 10017-1274
Ownership since
2019
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 11, 2019
—
Dallas Industrial Ll LLC
Taurus Cd 196 Riverbend Tx LLC
Trustees Deed
$208,000,000 · Bank Of America
May 28, 2019
—
Taurus Cd 196 Riverbend Tx LLC
—
Grant Deed
related
$67,000,000 · Capital One NA
Oct 16, 2017
—
Taurus Cd 196 Riverbend Tx LLC
Taurus Cd 187 Freeport 1-2 LLC
Quit Claim Deed
related
—
Sep 28, 2016
—
Taurus Cd 187 Freeport 1-2 LLC
Riverbend Dfw Industrial LP
Trustees Deed
$32,100,000 · Citizens Bk
Sep 26, 2007
—
Riverbend Dfw Industrial
Owner Name Unavailable
Grant Deed
related
$49,700,000 · General Electric Capital Corp
Nov 17, 2000
—
Ta/western LLC
Freeport Jack LP
Grant Deed
related
—
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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