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Regent Place 1304 W Walnut Hill Ln 46,911 SF 52% Leased Office Building Irving, TX 75038 $3,495,000 ($74.50/SF) 8% Cap Rate



Investment Highlights
- Features: Numerous Renovations including Lobby and Common Areas.
- Great Owner/User Opportunity.
- Located in “The Office Center” of Prominent Las Colinas.
- Priced Significantly Below Replacement Cost -
- Strong Tenant Mix with Staggered Lease Expirations.
Executive Summary
Built in 1981 and thoughtfully maintained over the years, the property has undergone a series of capital improvements including a redesigned lobby, upgraded HVAC systems, and a new roof installed in 2010 under a 20-year warranty. The current ownership has created a clean and functional office environment that appeals to a diverse range of tenants, including medical, professional services, and administrative users.
The building features flexible suite sizes, many of which are already built out with private offices, reception areas, breakrooms, and open workspaces—ideal for small to mid-sized businesses looking for move-in-ready space. With a favorable parking ratio of up to 3.47 spaces per 1,000 SF, including 34 covered spots, Regent Place offers a tenant experience that rivals newer assets in the area, at a more attainable rental rate.
The subject property provides immediate in-place income with further upside through lease-up of remaining vacancy and potential rent increases. The building’s shorter lease terms give new ownership the flexibility to reposition suites as needed, and to push rents toward market rates in one of the Metroplex’s most active submarkets.
Surrounded by major corporate campuses, dense residential communities, and abundant retail amenities, Regent Place is well-positioned for long-term value appreciation. For investors seeking a manageable, well-located asset with a blend of stability and upside, 1304 W Walnut Hill Lane represents a strategic addition to a North Texas office portfolio.
Financial Summary (Pro Forma - 2026) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$570,000
|
$12.15
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$570,000
|
$12.15
|
| Net Operating Income |
-
|
-
|
Financial Summary (Pro Forma - 2026)
| Gross Rental Income | |
|---|---|
| Annual | $570,000 |
| Annual Per SF | $12.15 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $570,000 |
| Annual Per SF | $12.15 |
| Net Operating Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
Property Facts
Amenities
- Controlled Access
- Property Manager on Site
- Air Conditioning
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease End
A-1 Phoenix Healthcare was established in November 2006 as a privately held, Medicare-certified home health agency serving the Irving area. Operating from a single clinic, the agency offers skilled nursing, physical therapy, occupational therapy, speech pathology, medical social services, and home health aide care—all under the guidelines set by the Centers for Medicare & Medicaid Services. It earned certification on February 17, 2011, and has maintained a strong performance record, including five-star ratings for patient care and timely service delivery. Licensed clinicians and therapists conduct in-home visits aimed at recovery, disease management, and patient education. Leadership under CEO Justin Dumagpi oversees agency operations, clinical governance, and compliance with professional care standards. A-1 Phoenix Healthcare continues to serve a wide service area across North Texas from its Irving base.
- CARROLLTON CONSOLIDATED GROUP LLC
- -
- -
- -
- -
Chills360 Ice Cream is Dallas’s first establishment serving Thai-inspired ice cream rolls. This concept was created on the streets of Thailand, serving fresh, made-to-order ice cream. At Chills360 each individual ice cream is made with the freshest ingredients right in front of your eyes, meaning no preservatives or stabilizers are added. It’s ice cream in its rawest form — fresh off the plate. Nothing tastes better than fresh homemade ice cream that is made right in front of you. At Chills360 experience the journey of cream to ice cream in less then 2 minutes. Using an advanced cold plate that reaches temperatures well below -16°F, the ice cream produces smaller ice molecules to make it naturally smoother and creamier, eliminating the need to add in additional fat and emulsifiers to create the same rich, creamy texture we love in ice cream.
DFW Child Psychiatry is a privately held mental health practice located in Irving, Texas, specializing in child and adolescent psychiatry. Founded in 2012, the clinic provides diagnostic evaluations, medication management, and therapy for conditions such as ADHD, anxiety, depression, bipolar disorder, and autism spectrum disorders. The practice is led by board-certified psychiatrists who integrate evidence-based treatment modalities, including cognitive behavioral therapy and psychodynamic approaches, alongside medication when appropriate. DFW Child Psychiatry also offers telehealth services and collaborates with families and schools to support individualized care plans. The clinic operates as a small group practice serving the Dallas-Fort Worth area and emphasizes personalized treatment for young patients.
Inspiration Masters LLC is dedicated to make a positive difference in lives of people on the planet. By helping everyone understand the purpose of life, find what a person is passionate about and then helping with Tools, Techniques and Strategies to reach one's true purpose in life by following the passion. This a cooperative effort where each and every person learns as well as teaches others.? ? Our goal as a company is to help a very large number of people find their purpose in life and their passion and help everyone achieve their goals with the principles which have stood the test of time.
ITekVision was founded in 2005 and operates as a privately held IT consulting and software development firm headquartered in Irving, Texas. The company offers services ranging from custom software, enterprise system integration, and cloud infrastructure to data warehousing, machine learning, and generative and agentic AI technologies. It serves a broad spectrum of industries—including banking, healthcare, logistics, retail, and government—through on-premises and cloud-based solutions. It positions itself on delivering tailored enterprise technology and consultant support aligned with client-specific operations and innovation needs.
The Law Office of Herbert W. Treger is a sole-practitioner law firm based in Irving, Texas. Established in 1973, the firm provides legal services in business law, real estate transactions, wills, trusts, and probate matters. Herbert W. Treger, the founding attorney, has over five decades of experience and is licensed to practice in Texas. He earned his Juris Doctor from the University of Kansas School of Law in 1973 and has maintained an active presence in the Dallas-Fort Worth legal community. The firm operates independently and focuses on personalized legal counsel for individuals and businesses.
In 1974, Metro Supply Chain opened its doors as a single warehouse in Montreal. Today, they are the largest privately-owned supply chain solutions company in Canada, managing millions of square feet in many sites across North America and the United Kingdom. Their mission is to advance customers’ businesses through innovative, real-world solutions within a culture that supports their communities, protects their environment and enables their team to thrive.
UMoveFree was founded in 2002 as a free, licensed agent-based apartment locating service covering Texas markets including Dallas–Fort Worth, Houston, San Antonio, and Austin. The privately held company provides personalized assistance to renters, offering incentives such as free moves or cash rebates. Operating from its Irving headquarters, UMoveFree works through licensed brokers and relocation specialists to match renters with apartments, leveraging a comprehensive online listings platform. With over two decades in business, UMoveFree focuses on streamlining apartment searches, combining digital listing tools with personalized locator services.
Zenith Services Inc. is an IT consulting company based in Princeton, New Jersey. Their specialties consist of Project-based Consulting Services, IT Staffing and training, and Product Development. They deliver very responsive and asset-based business solutions that connect their client’s execution gaps through a culture of collaboration and shared commitments. Through this cooperative effort, they have a tendency to work with their clients to develop custom-made solutions that match their custom needs. Over the past 10 years, zenith has partnered with multiple organizations and agencies to require the inaugural steps in planning for the delivery of large scale, challenging projects. They have helped varied programs that lead their clients to implement solutions that greatly impact however they move from ‘as-is’ constraints on ‘to-be’ outcomes. Zenith services have deep engagements in building IT solutions in enterprises, large and small.
| Tenant | Industry | SF Occupied | Rent/SF | Lease End | ||
| A1 Home Health Services, LLC | Health Care and Social Assistance | - | - | - | ||
| CARROLLTON CONSOLIDATED GROUP LLC | - | - | - | - | ||
|
Accommodation and Food Services | - | - | - | ||
|
Health Care and Social Assistance | - | - | - | ||
|
Services | - | - | - | ||
|
Professional, Scientific, and Technical Services | - | - | - | ||
|
Professional, Scientific, and Technical Services | - | - | - | ||
|
Professional, Scientific, and Technical Services | - | - | - | ||
|
Real Estate | - | - | - | ||
|
Professional, Scientific, and Technical Services | - | - | - |
Space Availability
- Space
- Size
- Space Use
- Condition
- Available
- 1st Fl-Ste 110
- 996 SF
- Office
- Full Build-Out
- Now
An upgraded Mid rise office building with covered parking in the desirable Las Colinas area of Irving, Texas. Close to freeway access and restaurants. Great for chiropractors, physical therapists, and psychiatrists.
The space has an abundance of cubicles and closed offices to allow for both an open feel and places to have break off groups.
- 3rd Fl-Ste 320
- 5,000-10,600 SF
- Office/Medical
- -
- Now
An upgraded Mid rise office building with covered parking in the desirable Las Colinas area of Irving, Texas. Close to freeway access and restaurants. Great for chiropractors, physical therapists, and psychiatrists.
An upgraded Mid rise office building with covered parking in the desirable Las Colinas area of Irving, Texas. Close to freeway access and restaurants. Great for chiropractors, physical therapists, and psychiatrists.
| Space | Size | Space Use | Condition | Available |
| 1st Fl-Ste 110 | 996 SF | Office | Full Build-Out | Now |
| 2nd Fl-Ste 220 | 2,374 SF | Office | Full Build-Out | Now |
| 2nd Fl-Ste 240 | 4,538 SF | Office | Full Build-Out | Now |
| 3rd Fl-Ste 320 | 5,000-10,600 SF | Office/Medical | - | Now |
| 3rd Fl-Ste 340 | 2,778 SF | Office | Full Build-Out | Now |
| 3rd Fl-Ste 360 | 1,156 SF | Office | Full Build-Out | Now |
1st Fl-Ste 110
| Size |
| 996 SF |
| Space Use |
| Office |
| Condition |
| Full Build-Out |
| Available |
| Now |
2nd Fl-Ste 220
| Size |
| 2,374 SF |
| Space Use |
| Office |
| Condition |
| Full Build-Out |
| Available |
| Now |
2nd Fl-Ste 240
| Size |
| 4,538 SF |
| Space Use |
| Office |
| Condition |
| Full Build-Out |
| Available |
| Now |
3rd Fl-Ste 320
| Size |
| 5,000-10,600 SF |
| Space Use |
| Office/Medical |
| Condition |
| - |
| Available |
| Now |
3rd Fl-Ste 340
| Size |
| 2,778 SF |
| Space Use |
| Office |
| Condition |
| Full Build-Out |
| Available |
| Now |
3rd Fl-Ste 360
| Size |
| 1,156 SF |
| Space Use |
| Office |
| Condition |
| Full Build-Out |
| Available |
| Now |
2nd Fl-Ste 220
| Size | 2,374 SF |
| Space Use | Office |
| Condition | Full Build-Out |
| Available | Now |
An upgraded Mid rise office building with covered parking in the desirable Las Colinas area of Irving, Texas. Close to freeway access and restaurants. Great for chiropractors, physical therapists, and psychiatrists.
2nd Fl-Ste 240
| Size | 4,538 SF |
| Space Use | Office |
| Condition | Full Build-Out |
| Available | Now |
The space has an abundance of cubicles and closed offices to allow for both an open feel and places to have break off groups.
3rd Fl-Ste 340
| Size | 2,778 SF |
| Space Use | Office |
| Condition | Full Build-Out |
| Available | Now |
An upgraded Mid rise office building with covered parking in the desirable Las Colinas area of Irving, Texas. Close to freeway access and restaurants. Great for chiropractors, physical therapists, and psychiatrists.
3rd Fl-Ste 360
| Size | 1,156 SF |
| Space Use | Office |
| Condition | Full Build-Out |
| Available | Now |
An upgraded Mid rise office building with covered parking in the desirable Las Colinas area of Irving, Texas. Close to freeway access and restaurants. Great for chiropractors, physical therapists, and psychiatrists.
Property Taxes
| Parcel Number | 32258370000010000 | Improvements Assessment | $1,936,820 (2025) |
| Land Assessment | $1,134,890 (2025) | Total Assessment | $3,071,710 (2025) |
Property Taxes
Presented by
American Realty Services, Inc.
Regent Place | 1304 W Walnut Hill Ln
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