Irving Commercial Property For
For Sale
Contact for pricing
2105 W Shady Grove Rd, Irving, TX 75060
Two buildings on a large lot, ideal for daycare.
Property Size3,070 SF
Lot Size0.81 Acres
Price / SF$325.73
Days on Market193
Property Features for 2105 W Shady Grove Rd
General Information
Standard status
Active
Size
3,070 SF
Lot size
0.81 Acres
Property subtype
Retail, Office
Zoning
S-P-1 Commercial
Net Operating Income
$400,000
Building Details
Year Built
1980
Stories
1
Units
1
Listing Agency:
Keller Williams Realty DFW
(817) 329-8850
Listed By:
Sharon Hodnett · License #TX 0400242
Source:
Crexi
Added: Jan 30
Changed: Aug 8
Last Checked: Jul 17 at 7:56AM
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 Keller Williams Realty DFW
Investment Insights
Based on property information with market context.
This commercial property features two free-standing buildings situated on a 0.81-acre lot. The main building, located at 2107 W Shady Grove Rd, offers approximately 2,310 square feet within its 2,107 address, while the second building at 2105 W Shady Grove Rd provides 760 square feet, totaling 3,070 square feet. Constructed in 1980, the property is zoned S-p-1 for P-o, which includes daycare and 800 square feet for antique and arts and crafts sales. The lot dimensions are 295 x 138 x 90 x 107 x 234. The property has operated as a nursery school and has previously housed various businesses, including a daycare, doctors' office, insurance office, dental office, and restaurant. It features southern charm and drive-up appeal with an oversized driveway for easy access. The property includes 11-foot ceilings, a fenced yard, and concrete streets. Recent upgrades include replaced electric panels in 2021, some plumbing replaced with new PVC pipe in 2019, a new roof installed in 2024, and new flooring installed in 2024, along with insulation and a radiant barrier in 2019. Sixteen cameras convey with the property. The location benefits from a daily traffic count of 15,405. City water and city sewer are available, and the property offers easy access and ample space between neighboring properties.
Key Highlights
- Zoned S‑P‑1 for P‑O, including Day Care and 800 sq ft for Antique/Arts & Crafts sales
- Two free‑standing buildings totaling 3070 sq ft on a large 0.81‑acre lot
- Recent upgrades including a new roof (2024), new flooring (2024), replaced electric panels (2021), and plumbing updates (2019)
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
$41,334
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
4.13%
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%
$826,680
$826.7K
Cap Rate 7%
$590,486
$590.5K
Cap Rate 9%
$459,267
$459.3K
Market Conditions
NOI Build-Up for 3,070 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
$73.7K $24.00/SF
− Vacancy
−$18.6K −$6.05/SF
EGI
$55.1K $17.95/SF
− OpEx
−$13.8K −$4.49/SF
NOI
$41.3K $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 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%
$826,680
Cap Rate 7%
$590,486
Cap Rate 9%
$459,267
Alternative Uses
Best Use
Office B
$590.5K
$516.7K – $688.9K
NOI $41,334 @ 7.0% cap · market cap 4.13%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$787.3K
$688.9K – $918.6K
NOI $55,113 @ 7.0% cap · market cap 5.51%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
322
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
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 Office in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- Bright Steps Learning Center — 2326 fairfax dr, irving, tx 75060
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- Leaders Bilingual Academy daycare — 1115 W Shady Grove Rd, Irving, TX 75060
- Kinkeade Early Childhood School — 2333 Cameron Pl, Irving, TX 75060
- Champions at Uplift Infinity — 1401 S MacArthur Blvd, Irving, TX 75060
Frequently Asked Questions
What type of property is this?
Day care center - Two buildings on a large lot, ideal for daycare.
Where is this day care center located?
The property is located at 2105 W Shady Grove Rd Irving, TX.
What is the asking price?
The asking price for this property is $1,000,000.
What are key features of this property?
This property features: Zoned S‑P‑1 for P‑O, including Day Care and 800 sq ft for Antique/Arts & Crafts sales; Two free‑standing buildings totaling 3070 sq ft on a large 0.81‑acre lot; Recent upgrades including a new roof (2024), new flooring (2024), replaced electric panels (2021), and plumbing updates (2019)
