Fully Leased Corner Shopping
For Sale
$2,800,000
1108 W Pioneer Drive 9, Irving, TX 75061
Retail center with tenant-maintained HVAC systems and a lifetime roof warranty subject to applicable terms.
Property Size9,974 SF
Days on Market70
Property Features for 1108 W Pioneer Drive 9
General Information
Standard status
Active
Size
9,974 SF
Property subtype
Retail
Occupancy
100%
Site & Location
Corner Location
Yes
Highway Access
Yes
Taxes and HOA fees
Annual Taxes
$32,086
Building Details
Building Size
9,974 SF
Year Built
1985
Tenancy
Multi
Listing Agency:
RE/MAX Associates of Arlington
Listed By:
Kaitlyn La Cao
(817) 276-5170
Source:
Nilesrealtygroup
Added: Jul 30
Changed: Oct 7
Last Checked: Oct 5 at 10:06PM
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
Investment Insights
Based on property information with market context.
This fully leased neighborhood retail center was built in 1985 and offers an established retail configuration with tenants responsible for maintaining and replacing their own HVAC systems. The roof carries a lifetime warranty, subject to warranty terms and transferability, which may reduce owner responsibility for roof-related costs when applicable.
The property occupies a corner location at W. Pioneer Drive and MacArthur Boulevard in Irving, with ample parking and access to Highway 183 and DFW International Airport. The existing lease structure supports current occupancy, while the property information also identifies potential future owner occupancy planning.
The property occupies a corner location at W. Pioneer Drive and MacArthur Boulevard in Irving, with ample parking and access to Highway 183 and DFW International Airport. The existing lease structure supports current occupancy, while the property information also identifies potential future owner occupancy planning.
Key Highlights
- Fully leased neighborhood retail center
- Tenants are responsible for maintenance and replacement of their own HVAC systems
- Roof with a lifetime warranty, subject to warranty terms and transferability
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.
Property Analytics
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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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in South region
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Frequently Asked Questions
What type of property is this?
Shopping center - Retail center with tenant-maintained HVAC systems and a lifetime roof warranty subject to applicable terms.
Where is this shopping center located?
The property is located at 1108 W Pioneer Drive 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: Fully leased neighborhood retail center; Tenants are responsible for maintenance and replacement of their own HVAC systems; Roof with a lifetime warranty, subject to warranty terms and transferability
