615 N MACARTHUR BLVD, Irving, TX 75061
Two-building retail center offers an 800 SF vacancy suitable for retail, service, or medical users near SH-183.
- Added:
- Jun 2, 2026
- Days on Market:
- 5
- Last Refresh:
- Jun 3 at 1:34 pm
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 agent Tim Axilrod License #TX 617806
Listing office SHOP Companies Dallas
Listing date Jun 2, 2026
Source Crexi
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
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)
- Highly visible two‑sided monument sign plus large parcel size of about 0.79 acres (±/0.79)
- Located minutes south of SH‑183 at the MacArthur Blvd & Pioneer Dr intersection; about 15 minutes west to Downtown Dallas and 30 minutes east to Downtown Fort Worth
- In‑place rents and pro forma contemplate achieving a 9.11% cap rate by leasing the 800 SF vacancy at $20.00 PSF NNN
Overview
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.
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 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Irving
- County
- Dallas
- State
- Texas
- Longitude
- -96.9600345
- Latitude
- 32.8206666
