Dental Office Opportunity For
For Sale
$599,000
737 Irby Lane #1, Irving, TX 75061
Dental office building with equipment available for lease or purchase.
Property Size3,162 SF
Price / SF$189.44
Days on Market100
Property Features for 737 Irby Lane #1
General Information
Standard status
Active
Size
3,162 SF
Property subtype
Commercial
Building Details
Year Built
1968
Listing Agency:
Caprice Michelle, LLC
(214) 789-7364
Listed By:
Caprice Michelle · License #9004701
(214) 789-7364
Source:
Signaturere
Added: Apr 22
Changed: Jul 10
Last Checked: Jul 29 at 12:11PM
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 Caprice Michelle, LLC
Investment Insights
Based on property information with market context.
This 3,162 square foot building presents a rare opportunity for dental professionals. The property, which has housed a dental practice since 1968, includes 1,656 square feet dedicated to four dental operatories and an additional 1,510 square feet for dental office suites. The motivated seller offers the option to lease or purchase the property as is, providing flexibility for various business plans. Potential uses include running a dental practice, remodeling, demolition, or rebuilding at the location. The building benefits from a new roof installed in 2020, along with new windows and signage. Floor plans and surveys are available.
Key Highlights
- Established dental practice location since 1968
- Opportunity to lease or purchase the building with existing dental equipment
- Building suitable for dental practice, remodel, demolition, or rebuild
Financial Insights For Office B
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 | $75.9k | $24.00 |
| − Vacancy | −$19.1k | −$6.05 |
| EGI | $56.8k | $17.95 |
| − OpEx | −$14.2k | −$4.49 |
| NOI | $42.6k | $13.46 |
3,162 SF · lease $24.00/SF/yr · vacancy 25.20% · expense 25.00%
Alternative Uses
Best Use
Office B
$608.2K
$532.2K – $709.6K
NOI $42,573 @ 7.0% cap · market cap 7.11%
Second Best
Healthcare Medical
$585.4K
$512.3K – $683.0K
NOI $40,980 @ 7.0% cap · market cap 6.84%
Theoretical Best
Office A
$810.9K
$709.6K – $946.1K
NOI $56,764 @ 7.0% cap · market cap 9.48%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,147
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 75061, TX
55,828
Population
20,187
Households
2.8
Avg Household Size
33
Median Age
17%
College-Educated
66%
High-School Grad
11.6 sq mi
ZIP Area
4,813
Density / Sq Mi
$61,260
Median Household Income
$33,388
Median Earnings
$1,292
Median Rent
$228,400
Median Home Value
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Medical Office Space - Dental office building with equipment available for lease or purchase.
Where is this medical office space located?
The property is located at 737 Irby Lane #1 Irving, TX.
What is the asking price?
The asking price for this property is $599,000.
What are key features of this property?
This property features: Established dental practice location since 1968; Opportunity to lease or purchase the building with existing dental equipment; Building suitable for dental practice, remodel, demolition, or rebuild
