Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Las Colinas Land For Sale Title is generated by Realmo AI

    460 E John W Carpenter, Irving, TX 75062

    View on Map
    Claim this Listing
    For Sale
    $2,997,600

    LAND - Irving, TX

    Property size:
    1,681 SF
    Lot size:
    1.23 Acres
    Price / SF:
    $1,783/SF
    Added:
    Oct 16, 2025
    Days on Market:
    233
    Last Refresh:
    Jun 5 at 6:06 am

    Property Features for 460 E John W Carpenter

    General Information

    Property type
    Land
    Property subtype
    Other
    Parking features
    Open
    Standard status
    Active
    APN
    32258690000010000
    Size
    1,681 SF
    Lot size
    1.23 Acres

    Taxes and HOA fees

    Tax Description
    LAS COLINAS AREA 3 6TH INST LT 1 ACS 1.226 SW
    Tax Annual Amount
    16330

    Utilities

    Sewer type
    Public Sewer
    Cooling system
    Electric, Central Air
    Water source
    Public

    Building Details

    Floors in Building
    1
    Number of units
    1
    Flooring type
    Carpet
    Building materials
    Concrete

    We can help!

    Listing Contact
    Troy Perkins
    Troy Perkins

    Listing agent Troy Perkins License #0432429

    Listing office The Realty Associates Irving, TX

    Listing date Oct 16, 2025

    MLS# 14651803

    Copyright © 2026 North Texas Real Estate Information Systems, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • Prime 1.22‑acre lot in Las Colinas
    • Excellent location on Highway 114
    • Survey available in documents
    • Concrete construction
    • Central air and electric cooling
    • Open parking

    Overview

    This 1.22-acre commercial land is located in Irving, Texas, specifically in the Las Colinas area. The property, previously a Chase drive-through, is now deed-restricted and cannot be used as a bank. A survey of the land is available in the provided documents.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial land

    Map

    City
    Irving
    County
    Dallas
    State
    Texas
    Longitude
    -96.93583
    Latitude
    32.859254

    Nearby Similar for Sale

    • $599,000

      Dental Office Building with Equipment

      Long-running dental facility with multiple operatories, updated exterior, and included equipment for a user to lease or buy.
      737 Irby Lane, Irving, TX 75061
      View Details
    • $650,000

      Turnkey Office Condo with Furnishings

      Move-in-ready, high-finish one-story suite with private offices and dedicated server room, ideal for owner-users or investors.
      230 O Connor Ridge Boulevard, Irving, TX 75038
      View Details
    • $1,695,000

      Turnkey Auto Repair and Rental Property

      Fully operational auto repair facility with storage, ample parking, and supplemental barbershop income under a month-to-month lease.
      109 N Story Road, Irving, TX 75061
      View Details
    • $1,100,000

      Medical Office Building

      One-story, step-free layout with seven offices, reception features, parking, and three restrooms—suited for accessible medical use.
      1425 N O Connor Road, Irving, TX 75061
      View Details
    • $1,000,000

      Day Care Center with Retail Opportunity

      Two-building corner property with fenced yard and drive-up appeal, zoned for professional office use including day care.
      2105 W Shady Grove Road, Irving, TX 75060
      View Details
    • $2,500,000

      Single-Story Office Building

      Single-story office built in 1982 offering 14,630 SF for sale near major Irving thoroughfares.
      1610 Corporate Court, Irving, TX 75038
      View Details
    • $5,500,000

      Corner Commercial Land Near Soccer Park

      Large corner parcel in the Irving soccer corridor, positioned for activation concepts near MoneyGram Soccer Park.
      5200 N Belt Line Road, Irving, TX 75038
      View Details
    • $799,000

      Drive-Through QSR Restaurant

      Second-generation QSR with drive-in canopies and dedicated parking, positioned for efficient service and strong customer throughput.
      1300 Pioneer Drive, Irving, TX 75061
      View Details
    • $389,900
      1,550 SF

      Two-House Income Duplex Opportunity

      Two homes on one lot offer flexible live-in and rental income, with possible upside through zoning change.
      2416 Smith Avenue, Irving, TX 75061
      View Details
    • $1,850,000

      Value-Add Multifamily Portfolio Opportunity

      Ten-unit multifamily with 1-, 2-, and 3-bedroom options, positioned for income growth through targeted improvements.
      1516 W 7th Street, Irving, TX 75060
      View Details
    • $1,900,000

      Multifamily Apartment Community

      Ten-unit, one-story apartment community with private yards and dedicated parking, plus recent roof updates.
      1516 W 7th Street, Irving, TX 75060
      View Details
    • $650,000

      Adjacent Industrial Development Land

      Two adjacent parcels offer flexible development potential with strong frontage and city utilities for verification.
      3703 Jackson Street, Irving, TX 75061
      View Details

    FAQs

    What type of property is this?
    Commercial land - 1.22 acre commercial land in Las Colinas area.
    Where is this commercial land located?
    The property is located at 460 E John W Carpenter Irving, TX.
    What is the asking price?
    The asking price for this property is $2,997,600.
    What are key features of this property?
    This property features: Prime 1.22‑acre lot in Las Colinas; Excellent location on Highway 114; Survey available in documents
    (972) 743-1283
    We can help!
    Listing Contact
    Troy Perkins
    Troy Perkins
    Real Estate License ID: 0432429
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    460 E John W Carpenter, Irving, TX 75062
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!