Add Listing
    For Sale
    • 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

    6051 State Highway 161 Irving, TX 75038

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Sale
    Contact for pricing

    Office building available for purchase in Irving, Texas.

    Property Features for 6051 State Highway 161

    General Information

    Standard status
    Active

    We can help!

    Listing Contact
    David Walters
    Source: Cbre

    Listing Agency: CBRE - Corporate Listing Agent: David Walters

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

    Learn more

    Overview

    Irving Office Building For Sale

    This commercial real estate offering features an office building located at 6051 State Highway 161 in Irving, Texas, with a zip code of 75038. The property is categorized as an office building and is available for sale.
    Location Intelligence

    Current Use by Public Records

    Office buildings

    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
    -96.999448
    Latitude
    32.868828

    Nearby Similar for Sale

    • $629,900
      3,166 SF

      Dental Opportunity in Irving, Texas

      Rare dental opportunity to lease or purchase with existing equipment.
      737 Irby Ln, Irving, TX 75061
      View Details
    • $1,000,000
      3,070 SF

      Irving Day Care Opportunity

      Two buildings on a large lot, ideal for day care.
      2105 W Shady Grove Rd, Irving, TX 75060
      View Details
    • $1,695,000
      0.74 Acres

      Profitable Auto Repair Business & Real Estate

      Turnkey auto repair business with real estate for sale.
      109 N Story Rd, Irving, TX 75061
      View Details
    • New
      $1,100,000
      0.51 Acres

      Accessible Irving Office Building

      One-story office building suitable for medical or commercial use.
      1425 N O Connor Rd, Irving, TX 75061
      View Details
    • New
      $389,900
      0.17 Acres

      Standalone Building with Business, Irving

      Standalone building with business for sale in Irving, Texas.
      109 W Shady Grove Rd, Irving, TX 75060
      View Details
    • New
      $350,000
      0.17 Acres

      Retail Building in Irving, TX

      Stand-alone retail, office, or shop building for sale.
      104 S Rogers Rd, Irving, TX 75060
      View Details
    • $1,600,000
      12,419 SF

      Irving Warehouse with Living Space

      Versatile warehouse with living space in Irving, Texas.
      2340 Hinton Dr, Irving, TX 75061
      View Details
    • $1,900,000
      5.70 Acres

      Updated Office Ready for Conversion

      Updated commercial office suitable for school, daycare, or professional use.
      8880 N Macarthur Blvd, Irving, TX 75063
      View Details
    • $550,000
      8.14 Acres

      Move-in Ready Medical Office Space

      Well-appointed medical office near major hospitals and Ritz-Carlton Hotel.
      3501 N Macarthur Blvd, Irving, TX 75062
      View Details
    • $2,500,000
      0.95 Acres

      Single-Story Office Building in Irving

      Single-story office building near freeways and amenities in Irving, TX.
      1610 Corporate Ct, Irving, TX 75038
      View Details
    • New
      $1,900,000
      13,500 SF

      Elm Road Apartments in Irving

      Established Irving apartment community with ten units and private yards.
      1516 W 7Th St, Irving, TX 75060
      View Details
    • $335,000
      0.17 Acres

      Irving, TX Duplex For Sale

      Two side-by-side duplexes, all four units currently occupied.
      220 Union Bower Rd W, Irving, TX 75061
      View Details

    FAQs

    What type of property is this?
    Office building - Office building available for purchase in Irving, Texas.
    Where is this office building located?
    The property is located at 6051 State Highway 161 Irving, TX.
    What are key features of this property?
    This property features: - Office building available for purchase.; - Located in Irving, Texas.
    (817) 333-1118
    Request Owner's contact information
    6051 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.
    6051 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
    6051 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!
    Listing Contact
    David Walters
    Real Estate License ID: 430903
    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!