Historic Multi-Office
New
For Sale
Contact for pricing
215 S OConnor Road, Irving, TX 75060
A five-room workspace with two bathrooms sits within walking distance of Downtown Irving and the DART Station.
Property Size1,748 SF
Price / SF$2
Days on Market4
Property Features for 215 S OConnor Road
General Information
Standard status
Active
Size
1,748 SF
Property subtype
Office
Site & Location
Neighborhood
Irving Heritage District Nha
Public Transit
Yes
Additional Details
Property Use
Office
Amenities
backyard green space
outdoor deck
Building Details
Year Built
1925
Listing Agency:
J. Ellis Realty
(972) 256-7500
Listed By:
Phillip Ellis · License #0692148
(214) 500-0962
Source:
Threetreesrealty
Added: Nov 1
Changed: Nov 3
Last Checked: Nov 3 at 8:58AM
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 J. Ellis Realty
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Investment Insights
Based on property information with market context.
Built in 1925, this 1,748-square-foot office unit is arranged into five separate office areas and includes two bathrooms. The interior configuration can accommodate private offices, shared work areas, meeting space, or administrative functions. An outdoor deck and backyard green space extend the property beyond its interior rooms, with the green space adjoining Centennial Park.
The property is at 215 S OConnor Road in Irving, within walking distance of Downtown Irving, the DART Station, Starbucks, and restaurants. Its combination of multiple office areas, outdoor space, and nearby transit provides a distinct setting for professional office use.
The property is at 215 S OConnor Road in Irving, within walking distance of Downtown Irving, the DART Station, Starbucks, and restaurants. Its combination of multiple office areas, outdoor space, and nearby transit provides a distinct setting for professional office use.
Key Highlights
- 1,748 SF office unit built in 1925
- Five separate office areas
- Two bathrooms
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$23,535
Suggested Prices Based on Cap Rates
Cap Rate 5%
$470,700
$470.7K
Cap Rate 7%
$336,214
$336.2K
Cap Rate 9%
$261,500
$261.5K
Market Conditions
NOI Build-Up for 1,748 SF
Gross rent
$42.0K $24.00/SF
− Vacancy
−$10.6K −$6.05/SF
EGI
$31.4K $17.95/SF
− OpEx
−$7.8K −$4.49/SF
NOI
$23.5K $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%
$470,700
Cap Rate 7%
$336,214
Cap Rate 9%
$261,500
Alternative Uses
Best Use
Office B
$336.2K
$294.2K – $392.3K
NOI $23,535 @ 7.0% cap · market cap 672.62%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$448.3K
$392.3K – $523.0K
NOI $31,380 @ 7.0% cap · market cap 896.83%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
1,068
Businesses Nearby
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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
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Market
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Office unit - A five-room workspace with two bathrooms sits within walking distance of Downtown Irving and the DART Station.
Where is this office unit located?
The property is located at 215 S OConnor Road Irving, TX.
What are key features of this property?
This property features: 1,748 SF office unit built in 1925; Five separate office areas; Two bathrooms
