Renovated Office Building in
1320 W Walnut Hill Ln Irving, TX 75038
1320 W Walnut Hill Ln, Irving, TX, 75038
Contact for pricing
For Sale
Contact for pricing
Specialized, renovated office building with high ceilings and ample parking.
Property Size19,952 SF
Lot Size2.30 Acres
Price / SF$165.40
Days on Market654
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
Building Details
- Year Built
- 1979
Listing Agency
Lion's Gate Medical
(972) 707-1171
Listed by
Sanober Syed · License #TX
Source
Crexi
Added: Oct 3, 2024 Checked: Jul 17 at 6:32 am
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.
Located at 1320 W Walnut Hill Ln, this 19,952 square foot, one-story office building is suitable for medical professionals. The property features 9,638 rentable square feet available for purchase and 1,546 rentable square feet available for lease. Situated on 2.30 acres, the building has been recently renovated and offers an efficient rectangular floor plate. Building and monument signage is available on Walnut Hill. The property includes high ceilings, a rehab pool, and a covered port-a-cache. Parking is provided at a ratio of 6 spaces per 1,000 square feet, totaling 120 spaces. The location provides convenient access to highway 635 and the President George Bush Turnpike. It is also near the Irving Convention Center at Las Colinas and close to Love Field and the Medical District.
Key Highlights
- Strategic location near major highways, Love Field airport, and the Medical District.
- Recently renovated 19,952 SF stand‑alone one‑story office building with 9,638 RSF available.
- High parking ratio of 6:1,000 SF (120 spaces).
Local 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
Healthcare Medical
$3.69M
$3.23M – $4.31M
NOI $258,578 @ 7.0% cap · market cap 7.84%
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 local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Acupuncture & Integrative Medical ...
Alternative Medicine Practice
Dr. Carlos Chapa, ...
Medical Clinic
Mengdan Liao
Alternative Medicine Practice
Christine Johnson
Physician
ROOT Bodyworks
Alternative Medicine Practice
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FAQs
What type of property is this?
Medical Office Space - Specialized, renovated office building with high ceilings and ample parking.
Where is this medical office space 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: Strategic location near major highways, Love Field airport, and the Medical District.; Recently renovated 19,952 SF stand‑alone one‑story office building with 9,638 RSF available.; High parking ratio of 6:1,000 SF (120 spaces).
