Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Office Space with Golf Course View Title is generated by Realmo AI

    251 O'Connor Ridge Blvd, Irving, TX

    View on Map
    Claim this Listing
    For Lease
    Contact for pricing

    Office space for rent with convenient highway access.

    Type:OFFICE
    Property size:
    2,563 SF
    Lot size:
    4.67 Acres
    Added:
    Feb 14, 2023
    Days on Market:
    1209
    Last Refresh:
    May 20 at 8:05 pm

    Property Features for 251 O'Connor Ridge Blvd

    General Information

    Standard status
    Active
    Size
    2,563 SF
    Lot size
    4.67 Acres
    Property subtype
    OFFICE

    Spaces For Lease

    at 251 O'Connor Ridge Blvd Contact us

    We can help!

    Listing Contact
    Chris Lipscomb
    Chris Lipscomb

    Listing agent Chris Lipscomb License #590120

    Listing office Transwestern | Dallas

    Listing date Feb 14, 2023

    Source Moodyscre

    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 Transwestern | Dallas

    HighLights

    • Spectacular view of the Four Season TPC Golf Course
    • Close proximity to DFW International Airport (10 minutes)
    • Convenient access to major freeways (John Carpenter Freeway and LBJ)
    • On‑site management
    • Covered parking available
    • Controlled access

    Overview

    This office space offers 2563 square feet and is situated close to numerous hotels, restaurants, and retail shops. It is located approximately 10 minutes from DFW International Airport and provides convenient access to John Carpenter Freeway and LBJ. On-site management is available. The property features a view of the Four Seasons TPC golf course. Monument signage is available. Covered parking and controlled access are among the property's features. Balconies are also available.
    Location Intelligence

    Current Use by Public Records

    Office Units

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Auto Repair Shop 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
    -96.9913
    Latitude
    32.8708

    Nearby Similar for Lease

    • $25 SF/Yr
      4,650 SF

      Brand New Medical Office Building

      New medical or general business office space with flexible suite demising near major access routes.
      8500 Olympus Boulevard, Irving, TX 75063
      View Details
    • $3,550/Mo

      Turnkey Office Condo Suite

      Move-in-ready, fully furnished office condo with private offices and server room in a high-access Las Colinas location.
      230 O Connor Ridge Boulevard, Irving, TX 75038
      View Details
    • $1,800/Mo

      Open-Concept Retail Suite

      Bright, flexible retail space with ample front and back parking for a wide range of business uses.
      124 S Hastings Street, Irving, TX 75060
      View Details
    • $5,400/Mo

      Second-Generation Office Condo Suite

      Office condo suite with multiple private offices, conference space, and ADA bathrooms, available with NNN and HOA pass-through.
      1111 Kinwest Parkway, Irving, TX 75063
      View Details
    • $2,300/Mo

      Commercial Office Space

      Leasing opportunity at 1638 W Irving Boulevard, offering flexible workspace for professional use.
      1638 W Irving Boulevard, Irving, TX 75061
      View Details
    • $3,000/Mo

      Country-Style Office Building

      Five private offices and three bathrooms, with a rear deck for breaks or informal client meetings.
      1905-A Hard Rock Road, Irving, TX 75061
      View Details
    • $30 SF/Yr
      1,085 SF

      Shell Space with High Visibility

      Ready-for-finish shell space with a tenant improvement option, ample parking, and strong front-facing visibility.
      4500 N Macarthur Boulevard, Irving, TX 75038
      View Details
    • $3,600/Mo

      Multi-Tenant Flex Office Showroom

      Versatile flex setup combining office and showroom space within a high-visibility, multi-tenant setting.
      400 E Pioneer Drive, Irving, TX 75061
      View Details
    • $12 SF/Yr

      Warehouse and Office Flex Suites

      Multiple warehouse and office units with grade-level access and a shared freight yard offer flexible industrial options.
      111 N Nursery Road, Irving, TX 75061
      View Details
    • $2,350/Mo

      Fully Furnished Private Office Space

      Move-in ready offices with receptionist support, utilities, and shared conference and fitness amenities included.
      511 E John W Carpenter Freeway, Irving, TX 75039
      View Details
    • $1,200/Mo

      Fully Furnished Private Office Suites

      Move-in ready office suites with onsite support, utilities, and shared conference and amenity access.
      511 E John W Carpenter Freeway, Irving, TX 75039
      View Details
    • $129-$4,647/Mo
      11-1,292 SF

      TX Irving - 320 Decker Drive

      320 Decker Dr, Irving, TX 75062
      View Details

    FAQs

    What type of property is this?
    Office units - Office space for rent with convenient highway access.
    Where is this office units located?
    The property is located at 251 O'Connor Ridge Blvd Irving, TX.
    What is the lease rate?
    The lease rate is $20 SF/Yr.
    What are key features of this property?
    This property features: Spectacular view of the Four Season TPC Golf Course; Close proximity to DFW International Airport (10 minutes); Convenient access to major freeways (John Carpenter Freeway and LBJ)
    (214) 237-5022 Call to check price and availability
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Chris Lipscomb
    Chris Lipscomb
    Real Estate License ID: 590120
    Learn More
    Request Owner's contact information
    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.
    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
    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

    Thank You for Inquiry
    251 O'Connor Ridge Blvd, Irving, TX
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!