Retail Center with Two-Sided
615 N MACARTHUR BLVD Irving, TX 75061
615 N MACARTHUR BLVD, Irving, TX, 75061
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For Sale
Contact for pricing
Two-building retail center offers an 800 SF vacancy suitable for retail, service, or medical users near SH-183.
Property Size6,113 SF
Lot Size0.79 Acres
Price / SF$184.69
Days on Market50
Property Features for 615 N MACARTHUR BLVD
General Information
- Standard status
- Active
- Size
- 6,113 SF
- Lot size
- 0.79 Acres
- Property subtype
- Retail, Office
Building Details
- Year Built
- 1952
Listing agency
SHOP Companies Dallas
Listed by
Tim Axilrod · License #TX 617806
Source
Crexi
Added: Jun 2 Updated: Jul 10 at 1:51PM Checked: Jul 19 at 8:50AM
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 SHOP Companies Dallas
Investment Insights
Based on property information with market context.
Macarthur & Pioneer Plaza is an 86.91% leased retail asset totaling 6,113 square feet in Irving, Texas. The property features two separate buildings on a parcel of approximately 0.79 acres and includes an additional storage unit that can be leased to tenants. The center is served by a highly visible two-sided monument sign, and it has an average suite size of about 1,528 square feet. The tenant mix includes Everest Home Health Care, Clinica Latina, and Community Bible Fellowship Church, supporting a complementary neighborhood-serving presence.
The property is located just minutes south of Texas State Highway 183, off the established intersection of MacArthur Boulevard & Pioneer Drive. It is positioned about 15 minutes west of Downtown Dallas and approximately 30 minutes east of Downtown Fort Worth, placing it within reach of established regional demand.
For buyers or operators, the current leasing position includes meaningful space available via an 800 SF vacancy that the seller believes can support a retail, service, or medical user. The remarks also note in-place rents are below market, with an effective rent of $13.59 PSF, and that pro forma estimates contemplate leasing the vacancy at $20.00 PSF NNN to reach a 9.11% cap rate at list price.
The property is located just minutes south of Texas State Highway 183, off the established intersection of MacArthur Boulevard & Pioneer Drive. It is positioned about 15 minutes west of Downtown Dallas and approximately 30 minutes east of Downtown Fort Worth, placing it within reach of established regional demand.
For buyers or operators, the current leasing position includes meaningful space available via an 800 SF vacancy that the seller believes can support a retail, service, or medical user. The remarks also note in-place rents are below market, with an effective rent of $13.59 PSF, and that pro forma estimates contemplate leasing the vacancy at $20.00 PSF NNN to reach a 9.11% cap rate at list price.
Key Highlights
- Two‑building 6,113 SF retail asset in Irving, TX (year built 1952) that is 86.91% leased
- Approximately 800 SF vacancy available for lease to a retail, service, or medical user
- Average suite size about 1,528 SF, with in‑place rents below market (effective rent $13.59 PSF)
Local Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $147.4k | $24.12 |
| − Vacancy | −$7.1k | −$1.16 |
| EGI | $140.4k | $22.96 |
| − OpEx | −$42.1k | −$6.89 |
| NOI | $98.3k | $16.07 |
6,113 SF · lease $24.12/SF/yr · vacancy 4.80% · expense 30.00%
Alternative Uses
Best Use
Retail
$1.40M
$1.23M – $1.64M
NOI $98,258 @ 7.0% cap · market cap 8.70%
Second Best
Office B
$1.18M
$1.03M – $1.37M
NOI $82,305 @ 7.0% cap · market cap 7.29%
Theoretical Best
Office A
$1.57M
$1.37M – $1.83M
NOI $109,741 @ 7.0% cap · market cap 9.72%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Community Bible Fellowship ...
Church
Similar For Sale Nearby
FAQs
What type of property is this?
Retail space - Two-building retail center offers an 800 SF vacancy suitable for retail, service, or medical users near SH-183.
Where is this retail space located?
The property is located at 615 N MACARTHUR BLVD Irving, TX.
What is the asking price?
The asking price for this property is $1,129,000.
What are key features of this property?
This property features: Two‑building 6,113 SF retail asset in Irving, TX (year built 1952) that is 86.91% leased; Approximately 800 SF vacancy available for lease to a retail, service, or medical user; Average suite size about 1,528 SF, with in‑place rents below market (effective rent $13.59 PSF)
