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    Second-Gen Drive-Thru QSR Opportunity Title is generated by Realmo AI

    1300 W Pioneer Drive, Irving, TX 75061

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    For Lease
    $30 SF/Yr $4,260/Mo (calc)

    COMMERCIAL - Irving, TX

    Type:Retail
    Property size:
    1,704 SF
    Lot size:
    0.98 Acres
    Added:
    Jan 20, 2026
    Days on Market:
    135
    Last Refresh:
    Jun 4 at 10:06 pm

    Property Features for 1300 W Pioneer Drive

    General Information

    Property type
    Commercial Lease
    Property subtype
    Retail
    Parking features
    Parking Lot, Carport
    Standard status
    Active
    APN
    321875000A02R0000
    Lot size
    0.98 Acres

    Taxes and HOA fees

    Tax Description
    HIGHLAND WEST IRVING BLK A LT 2-R ACS 0.983

    Utilities

    Sewer type
    Public Sewer
    Heating system
    Central
    Cooling system
    Central Air
    Water source
    Public

    Building Details

    Year built
    2002
    Floors in Building
    1
    Number of units
    1
    Building materials
    Brick, MetalSiding, Stucco, WoodSiding
    Roof type
    Metal

    We can help!

    Listing Contact
    Karan Aulakh

    Listing agent Karan Aulakh

    Listing office KARE Investment Sales & Leasing TX

    Listing date Jan 20, 2026

    MLS# 20966953

    Copyright © 2026 North Texas Real Estate Information Systems, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • 1,704 SF second‑gen QSR available for sale or lease
    • Built in 2002 on approximately 1 acre in Irving, TX
    • Located less than one mile from TX‑356 for regional connectivity
    • Site includes drive‑in canopies, spot zoning for a drive‑thru, and ingress/egress designed for customer traffic flow
    • 45 dedicated parking spaces plus parking lot and carport parking
    • Central heating and central air; public water and public sewer; metal roof

    Overview

    This second-generation QSR opportunity totals 1,704 SF and is built to support quick-service food and beverage operations. The site includes existing drive-in canopies, along with 45 dedicated parking spaces, creating a customer-ready layout for high-volume ordering and service. Built in 2002, the property is offered for sale or lease and includes a tenant improvement allowance available for qualified tenants.

    Located at 1300 W Pioneer Drive in Irving, Texas, the property sits on approximately one acre and provides convenient ingress and egress. The location is less than one mile from TX-356, offering regional connectivity. The listing notes spot zoning for a drive-thru and emphasizes strong street visibility with traffic counts exceeding 50,000 vehicles per day in the surrounding area.

    For operators planning a drive-thru concept, this configuration offers an immediately relevant site plan with dedicated parking and existing drive-in infrastructure. The drive-thru zoning and established QSR footprint can help reduce upfront site-specific buildout work, while the tenant improvement allowance may support customized interior updates for qualified tenants. The offering is positioned for food service businesses looking to establish or expand in the Dallas-Fort Worth Metroplex.
    Property Profile Location Intelligence

    Current Use by Public Records

    Drive through restaurants

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Pharmacy

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

    Location Insight

    • Map
    • Local Demand
    City
    Irving
    County
    Dallas
    State
    Texas
    Longitude
    -96.962507
    Latitude
    32.821938

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    FAQs

    What type of property is this?
    Drive through restaurant - Second-generation QSR with drive-in canopies, dedicated parking, and drive-thru zoning ready for food service operators.
    Where is this drive through restaurant located?
    The property is located at 1300 W Pioneer Drive Irving, TX.
    What is the lease rate?
    The lease rate is $30 SF/Yr.
    What are key features of this property?
    This property features: 1,704 SF second‑gen QSR available for sale or lease; Built in 2002 on approximately 1 acre in Irving, TX; Located less than one mile from TX‑356 for regional connectivity
    (469) 471-6413
    We can help!
    Listing Contact
    Karan Aulakh
    Request Owner's contact information
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    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.

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