Single-Tenant Retail
For Sale
Contact for pricing
202 E Irving Blvd, Irving, TX 75060
Urban retail asset in Irving’s Heritage District.
Property Size3,518 SF
Price / SF$277.15
Days on Market54
Property Features for 202 E Irving Blvd
General Information
Standard status
Active
Size
3,518 SF
Class
A
Total Parking Spaces
25
Property subtype
Retail
Occupancy
100%
Lease Type
NN
Investment Type
Net Lease
Net Operating Income
$49,248
Building Details
Year Renovated
2025
Buildings
1
Units
1
Tenancy
Single
Listing Agency:
Four Corners Property Co.
(214) 227-6867
Listed By:
Oliver Willman · License #788014
Source:
Crexi
Added: Jul 8
Changed: Aug 30
Last Checked: Aug 30 at 5:38AM
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 Four Corners Property Co.
Investment Insights
Based on property information with market context.
This single-tenant retail storefront contains 3,518 square feet and is located at 202 E. Irving Blvd, Irving, TX 75060. The property is situated in Irving’s Heritage District within the Dallas-Fort Worth Metroplex, placing the asset in an established urban setting. Its storefront format and single-tenant configuration provide a straightforward commercial profile for retail ownership or occupancy.
Key Highlights
- 3,518‑SF single‑tenant retail asset
- Located at 202 E. Irving Blvd, Irving, TX 75060
- Situated in Irving’s Heritage District
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$56,547
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
5.80%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,130,940
$1.1M
Cap Rate 7%
$807,814
$807.8K
Cap Rate 9%
$628,300
$628.3K
Market Conditions
NOI Build-Up for 3,518 SF
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.
Gross rent
$84.9K $24.12/SF
− Vacancy
−$4.1K −$1.16/SF
EGI
$80.8K $22.96/SF
− OpEx
−$24.2K −$6.89/SF
NOI
$56.5K $16.07/SF
Area
Irving, TX
Vacancy
4.80%
Lease Rate
$24.12 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,130,940
Cap Rate 7%
$807,814
Cap Rate 9%
$628,300
Alternative Uses
Best Use
Retail
$807.8K
$706.8K – $942.5K
NOI $56,547 @ 7.0% cap · market cap 5.80%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$902.2K
$789.4K – $1.05M
NOI $63,155 @ 7.0% cap · market cap 6.48%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,259
Businesses Nearby
94k
Monthly Visits Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 78%
Shops & Services 21%
Electronics 1%
McDonald's
Dining
38,045 visits/mo
0.3 miles
Starbucks
Dining
16,440 visits/mo
0.3 miles
Jack in the Box
Dining
14,050 visits/mo
0.4 miles
Bank of America
Shops & Services
10,055 visits/mo
0.3 miles
Long John Silver's
Dining
5,043 visits/mo
0.4 miles
Demographics for 75060, TX
47,955
Population
15,538
Households
3.1
Avg Household Size
34
Median Age
18%
College-Educated
64%
High-School Grad
12.1 sq mi
ZIP Area
3,963
Density / Sq Mi
$69,708
Median Household Income
$35,508
Median Earnings
$1,367
Median Rent
$224,100
Median Home Value
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
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Similar Off Market Nearby
- A -Cottage Florist — 116 S O Connor Rd, Irving, TX 75060
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- Savers Cost Plus Supermarket — 504 N O'Connor Rd, Irving, TX 75061
- Enchanted Rose — irving, tx 75061
Frequently Asked Questions
What type of property is this?
Storefront property - Urban retail asset in Irving’s Heritage District.
Where is this storefront property located?
The property is located at 202 E Irving Blvd Irving, TX.
What is the asking price?
The asking price for this property is $975,000.
What are key features of this property?
This property features: 3,518‑SF single‑tenant retail asset; Located at 202 E. Irving Blvd, Irving, TX 75060; Situated in Irving’s Heritage District
