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Property profile & analytics
OFF-MARKET
Estimated value
$680,000
Strip malls
949 Royal Ln, Irving, TX 75039-4345
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US82-6581600
Property summary
AI-generated overview
Jenah Plaza offers a fantastic opportunity for retail businesses seeking space in the thriving Dallas County market. This single-building property totals 10,834 square feet and is configured as a multi-tenant strip center, ideal for restaurants and other retail uses. Currently, there is a flexible space available, ranging from a minimum of 2,000 square feet to a maximum contiguous space of 6,500 square feet. The property's design allows for adaptability to suit various business needs. The available space is a second-generation end cap, offering high visibility and excellent street frontage, perfect for attracting customers. The property's location within Dallas County ensures easy access to a large and diverse customer base. This is a rare opportunity to secure a well-positioned retail space in a dynamic market. The property's size and layout make it suitable for a variety of retail concepts, from smaller boutiques to larger restaurants. Interested parties are encouraged to inquire about lease terms and availability. Don't miss this chance to establish your business in this desirable Dallas location. Contact us today to schedule a viewing.
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
2013
Construction
TILT-UP CONCRETE
Total area
10,997 SF
Lot
1.31 ac (56,846 SF)
Zoning code
Z243
APN
322780400A06R0000
UPID
US82-6581600
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
-
Desi FrostBites Grocery & Convenience Store Specialty Food Shop
-
F&F Japanese Grill Restaurant
-
Universal Bakery Bakery Specialty Food Shop
-
Chennai Cafe Restaurant
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$555k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$802k
Blend (final)
Blend
$680k
Owner & transaction history
Irvinghh Investments LLC · 4 yrs held
Irvinghh Investments LLC
since 2021
2 recorded transactions
Zoning & alternative use
Z243 · Irving, TX
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$1.1M
+116.0%
Retail stores
$880,000
+72.8%
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
$555,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
NEIGHBORHOOD: SHOPPING CENTER
$510,000
Current use
AUTO REPAIR, GARAGE
$1,100,000
Change: +116% · Conversion: Difficult
RETAIL STORES
$880,000
Change: +73% · Conversion: Easy
Blend value · Realmo final
$680k
Range $612k – $748k · ±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
$62 / 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
$76,663
Tax year 2023
Assessed value
$3,619,700
Assessed 2023
Previous assessed
$3,619,700
+0.0% YoY
Effective rate
2.12%
On assessed value
Assessed land
$1,136,900
Assessed improvement
$2,482,800
Land market value
$1,136,900
Improvement market value
$2,482,800
Total market value
$3,619,700
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
2013
Construction
TILT-UP CONCRETE
Heating
CENTRAL
Cooling
CENTRAL
Stories
1
Total area
10,997 SF
Lot
1.31 ac (56,846 SF)
Zoning code
Z243
APN
322780400A06R0000
UPID
US82-6581600
Jurisdiction
DALLAS
Metro division
DALLAS-PLANO-IRVING, TX METROPOLITAN DIVISION
Zoning & alternative use
Z243 · Irving, TX
Zoning Z243 · permitted uses
Z243 · 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
NEIGHBORHOOD: SHOPPING CENTER Current
Est. value
$510,000
AUTO REPAIR, GARAGE
Est. value
$1.1M
RETAIL STORES
Est. value
$880,000
NEIGHBORHOOD: SHOPPING CENTER Current
AUTO REPAIR, GARAGE
RETAIL STORES
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
2013
Construction
TILT-UP CONCRETE
Heating
CENTRAL
Cooling
Yes
Stories
1
Lot
1.31 ac
Current owner
From public records · entity-resolved
Irvinghh Investments LLC
Entity
Mailing address
412 VINE ST, IRVING, TX 75039-2883
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
Nov 17, 2021
—
Irvinghh Investments LLC
Rolling Cash Jenah Plaza LP
Venders Lien
$2,600,000 · Rolling Cash Jenab Plaza LP
Feb 3, 2015
—
Rolling Cash Jenah Plaza LP
Victory Sg Ventures LLC
Special Warranty Deed
$3,150,000 · Wells Fargo Financial Bank
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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