Irving Office Building For
1610 Corporate Ct, Irving, TX 75038
For Sale
Contact for pricing
Single-story office building near President George Bush and John Carpenter Freeway.
Property Size14,630 SF
Price / SF$148.67
Days on Market283
Property Features for 1610 Corporate Ct
General Information
Standard status
Size
Class
Property subtype
Zoning
Investment Type
Site & Location
Neighborhood
Building Details
Year Built
Buildings
Stories
Units
Tenancy
Listing Agency:
RDE Capital Group LLC
Listed By:
Enrique Arjona · License TX 619039-B
(214) 799-9744
Source:
Crexi
Added: Feb 3
Changed: Aug 10
Last Checked: Aug 25 at 4:18AM
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 RDE Capital Group LLC
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
The property at 1610 Corporate is a 14,630 square foot single-story office building constructed in 1982. The building is situated near President George Bush Turnpike and John Carpenter Freeway, specifically along Corporate Drive and Gateway Drive. Nearby amenities include Water Street, Toyota Music Factory, and the Irving Convention Center.
Key Highlights
- 14,630 SF single‑story office building suitable for a variety of business needs.
- Convenient location near President George Bush Turnpike and John Carpenter Freeway.
- Proximity to key amenities including Water Street, Toyota Music Factory, and Irving Convention Center.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$196,978
Cap Rate
9.06%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,939,560
$3.9M
Cap Rate 7%
$2,813,971
$2.8M
Cap Rate 9%
$2,188,644
$2.2M
Market Conditions
NOI Build-Up for 14,630 SF
Gross rent
$351.1K $24.00/SF
− Vacancy
−$88.5K −$6.05/SF
EGI
$262.6K $17.95/SF
− OpEx
−$65.7K −$4.49/SF
NOI
$197.0K $13.46/SF
Area
Irving, TX
Vacancy
25.20%
Lease Rate
$24.00 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,939,560
Cap Rate 7%
$2,813,971
Cap Rate 9%
$2,188,644
Alternative Uses
Best Use
Office B
$2.81M
$2.46M – $3.28M
NOI $196,978 @ 7.0% cap · market cap 9.06%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$3.75M
$3.28M – $4.38M
NOI $262,638 @ 7.0% cap · market cap 12.08%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,207
Businesses Nearby
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Business Placement
Demographics for 75038, TX
32,928
Population
15,385
Households
2.1
Avg Household Size
32
Median Age
45%
College-Educated
93%
High-School Grad
7.6 sq mi
ZIP Area
4,333
Density / Sq Mi
$69,013
Median Household Income
$47,093
Median Earnings
$1,467
Median Rent
$391,900
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Properties on Market for Office buildings in Irving
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Office building - Single-story office building near President George Bush and John Carpenter Freeway.
Where is this office building located?
The property is located at 1610 Corporate Ct Irving, TX.
What is the asking price?
The asking price for this property is $2,175,000.
What are key features of this property?
This property features: 14,630 SF single‑story office building suitable for a variety of business needs.; Convenient location near President George Bush Turnpike and John Carpenter Freeway.; Proximity to key amenities including Water Street, Toyota Music Factory, and Irving Convention Center.
