Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    6121 State Highway 161 Irving, TX 75038

    Loading data...
    Loading data...
    Loading data...
    For Lease
    Contact for pricing

    Modern medical office space with convenient access and strategic location.

    Property size:
    2,553 SF
    Lot size:
    4.13 Acres

    Property Features for 6121 State Highway 161

    General Information

    Size
    2,553 SF
    Lot size
    4.13 Acres

    We can help!

    Listing Contact
    Douglas Maclay
    Source: Moodyscre

    Listing Agent: Douglas Maclay

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    Healthcare Facility Near DFW Airport

    This state-of-the-art healthcare facility features an anchor tenant, UT Southwestern Primary Care and Ambulatory Surgery Center. It benefits from adjoining primary care referrals at Healthcare Associates of Texas. The property offers convenient accessibility via N Belt Line Road and President George Bush Turnpike and is in proximity to the DART Belt Line Station. Its strategic location is just two minutes from DFW International Airport. The property offers 2553 square feet of space.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Marissa Kuykendall, MSN ... Physician Dr. Jamie Gottlieb Physician Sumitha Atluri MD Physician Jenna Alvarez MPAS ... Physician Steven Hoffman, M.D. Physician

    Suggested Use

    Restaurant Real Estate Agency Law Firm Dental Office Building Supply Spa & Massage Center Auto Repair Shop Big Box & Wholesale Store Hair Salon Nail Salon

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Irving
    County
    Dallas
    State
    Texas
    Longitude
    -96.979782
    Latitude
    32.892675

    Nearby Similar for Lease

    • New
      $25 SF/Yr
      4,650 SF

      New Office Space in Irving

      Shell space available for medical or general business office use.
      8500 Olympus Blvd, Irving, TX 75063
      View Details
    • $20 SF/Yr
      58,762 SF

      Former Childcare Facility in Irving

      8,202 sqft building on 1.39 acres, ideal for various uses.
      504 Ranch Trl, Irving, TX 75063
      View Details
    • $4,183 /Mo
      41,338 SF

      Irving Office Space For Lease

      Single-story office building near President George Bush and John Carpenter Freeway.
      1610 Corporate Ct, Irving, TX 75038
      View Details
    • $1,612 /Mo
      41,338 SF

      Irving Office Space For Lease

      Single-story office building in Irving, Texas, available for lease.
      1610 Corporate Ct, Irving, TX 75038
      View Details
    • $8,834 /Mo
      41,338 SF

      Irving Office Space For Lease

      Single-story office building in Irving, Texas available for lease.
      1610 Corporate Ct, Irving, TX 75038
      View Details
    • $3,650 /Mo
      33,454 SF

      Prime Retail Space in Irving

      High-traffic retail space available in Irving, TX after January 2026.
      1108 W Pioneer Dr, Irving, TX 75061
      View Details
    • New
      Contact for pricing

      Las Colinas MacArthur

      Flexible workspace in Las Colinas MacArthur
      5605 Macarthur Blvd, Irving, TX 75038
      View Details
    • New
      Contact for pricing

      The Urban Towers

      Discover many ways to work your way in The Urban Towers
      222 Las Colinas Blvd, Irving, TX 75039
      View Details
    • Contact for pricing

      TX Irving - 320 Decker Drive

      Workspaces, services and support to help you work better in Shelton
      320 Decker Dr, Irving, TX 75062
      View Details
    • Contact for pricing

      TX, Irving - 5601 Executive Dr

      Discover many ways to work your way in Democracy Plaza
      5601 Executive Dr, Irving, TX 75038
      View Details
    • Sponsored
      Contact for pricing

      TX, Irving - Belt Line Rd

      Discover many ways to work your way in San Antonio Airport
      4320 Belt Line Rd, Irving, TX 75038
      View Details
    • $30 SF/Yr
      1,085 SF

      New Construction Retail/Office Space

      Shell space suitable for retail, medical, or professional office use.
      4500 N Macarthur Blvd, Irving, TX 75038
      View Details

    FAQs

    What type of property is this?
    Medical office - Modern medical office space with convenient access and strategic location.
    Where is this medical office located?
    The property is located at 6121 State Highway 161 Irving, TX.
    What are key features of this property?
    This property features: - Anchor tenant: **UT Southwestern Primary Care and Ambulatory Surgery Center**; - Strategic location: Two minutes from DFW International Airport; - Convenient accessibility: N Belt Line Road and President George Bush Turnpike
    (214) 740-3300 Call to check price and availability
    Request Owner's contact information
    6121 State Highway 161 Irving, TX 75038
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    6121 State Highway 161
    Irving, TX 75038
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    6121 State Highway 161 Irving, TX 75038
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Douglas Maclay
    (214) 740-3300 (214) 461-2371
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!