Neighborhood Shopping
For Sale
$2,800,000
1108 W Pioneer Dr Unit 9, Irving, TX 75061
Fully leased retail center with tenant-maintained HVAC systems and a transferable roof warranty subject to warranty terms.
Property Size9,974 SF
Price / SF$280.73
Days on Market47
Property Features for 1108 W Pioneer Dr Unit 9
General Information
Standard status
Active
Size
9,974 SF
Occupancy
100%
Site & Location
Corner Location
Yes
Highway Access
Yes
Building Details
Year Built
1985
Tenancy
Multi
Listing Agency:
RE/MAX Associates of Arlington
Listed By:
Kaitlyn La Cao
(817) 276-5170
Source:
Christenberrygroup
Added: Sep 9
Changed: Oct 13
Last Checked: Oct 7 at 1:52PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of RE/MAX Associates of Arlington
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Investment Insights
Based on property information with market context.
This 9,974-square-foot shopping center at 1108 W Pioneer Dr Unit 9 was built in 1985 and is fully leased. The retail property includes a roof with a lifetime warranty, subject to the applicable warranty terms and transferability. Tenants are responsible for maintaining and replacing their own HVAC systems, defining an operating responsibility within the existing occupancy arrangement.
The center occupies the corner of W. Pioneer Drive and MacArthur Boulevard in Irving, with ample parking and access to Highway 183 and DFW International Airport. Its neighborhood retail format and established lease occupancy provide a straightforward commercial profile for buyers evaluating an operating shopping center.
The center occupies the corner of W. Pioneer Drive and MacArthur Boulevard in Irving, with ample parking and access to Highway 183 and DFW International Airport. Its neighborhood retail format and established lease occupancy provide a straightforward commercial profile for buyers evaluating an operating shopping center.
Key Highlights
- 9,974‑square‑foot shopping center built in 1985
- Fully leased neighborhood retail center
- Tenants maintain and replace their own HVAC systems
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$160,318
Cap Rate
5.73%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,206,360
$3.2M
Cap Rate 7%
$2,290,257
$2.3M
Cap Rate 9%
$1,781,311
$1.8M
Market Conditions
NOI Build-Up for 9,974 SF
Gross rent
$240.6K $24.12/SF
− Vacancy
−$11.5K −$1.16/SF
EGI
$229.0K $22.96/SF
− OpEx
−$68.7K −$6.89/SF
NOI
$160.3K $16.07/SF
Area
Irving, TX
Vacancy
4.80%
Lease Rate
$24.12 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,206,360
Cap Rate 7%
$2,290,257
Cap Rate 9%
$1,781,311
Alternative Uses
Best Use
Retail
$2.29M
$2.00M – $2.67M
NOI $160,318 @ 7.0% cap · market cap 5.73%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.56M
$2.24M – $2.98M
NOI $179,053 @ 7.0% cap · market cap 6.39%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Lease Details
100%
Occupancy
Multi-tenant
Tenancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,089
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 75061, TX
55,828
Population
20,187
Households
2.8
Avg Household Size
33
Median Age
17%
College-Educated
66%
High-School Grad
11.6 sq mi
ZIP Area
4,813
Density / Sq Mi
$61,260
Median Household Income
$33,388
Median Earnings
$1,292
Median Rent
$228,400
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in South region
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Frequently Asked Questions
What type of property is this?
Shopping center - Fully leased retail center with tenant-maintained HVAC systems and a transferable roof warranty subject to warranty terms.
Where is this shopping center located?
The property is located at 1108 W Pioneer Dr Unit 9 Irving, TX.
What is the asking price?
The asking price for this property is $2,800,000.
What are key features of this property?
This property features: 9,974‑square‑foot shopping center built in 1985; Fully leased neighborhood retail center; Tenants maintain and replace their own HVAC systems
