Renovated Office Building on
For Sale
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1320 W Walnut Hill Ln, Irving, TX
19,952 SF renovated office building on 2.30 acres.
Property Size19,952 SF
Lot Size2.30 Acres
Price / SF$165.40
Days on Market604
Property Features for 1320 W Walnut Hill Ln
General Information
Standard status
Active
Size
19,952 SF
Lot size
2.30 Acres
Property subtype
OFFICE
Listing Agency:
Lion's Gate Medical
(972) 707-1171
Listed By:
Sanober Syed
(972) 707-1171
Source:
Moodyscre
Added: Dec 6, 2024
Changed: Jul 6
Last Checked: Jul 21 at 6:28AM
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 Lion's Gate Medical
Investment Insights
Based on property information with market context.
This is a 19,952 square foot specialized, stand-alone, one-story office building. The building has been recently renovated and features an efficient rectangular floor plate. Building and monument signage is available on Walnut Hill. The property is situated on 2.30 acres and includes high ceilings, a rehab pool, and a covered port-a-cache. Parking is available at a ratio of 6 spaces per 1,000 square feet, totaling 120 spaces. The property is located close to Highway 635 and the President George Bush Turnpike.
Key Highlights
- 19,952 SF stand alone one‑story office building
- Generous parking: 6: 1,000 SF Parking (120 Spaces)
- Recently renovated
Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $478.8k | $24.00 |
| − Vacancy | −$120.7k | −$6.05 |
| EGI | $358.2k | $17.95 |
| − OpEx | −$89.5k | −$4.49 |
| NOI | $268.6k | $13.46 |
19,952 SF · lease $24.00/SF/yr · vacancy 25.20% · expense 25.00%
Alternative Uses
Best Use
Office B
$3.84M
$3.36M – $4.48M
NOI $268,634 @ 7.0% cap · market cap 8.14%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$5.12M
$4.48M – $5.97M
NOI $358,178 @ 7.0% cap · market cap 10.85%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
918
Businesses Nearby
Explore this area
Business Placement
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office building - 19,952 SF renovated office building on 2.30 acres.
Where is this office building located?
The property is located at 1320 W Walnut Hill Ln Irving, TX.
What is the asking price?
The asking price for this property is $3,300,000.
What are key features of this property?
This property features: 19,952 SF stand alone one‑story office building; Generous parking: 6: 1,000 SF Parking (120 Spaces); Recently renovated
