Two-Story Class B Office
840 Ranchview Dr Irving, TX 75063
840 Ranchview Dr, Irving, TX, 75063
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For Sale
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Newly constructed 2024 building offers two stories with flexible shell space for medical, professional, or retail use.
Property Size13,056 SF
Lot Size0.74 Acres
Price / SF$214.46
Days on Market120
Property Features for 840 Ranchview Dr
General Information
- Standard status
- Active
- Size
- 13,056 SF
- Lot size
- 0.74 Acres
- Property subtype
- Office
Building Details
- Year Built
- 2024
Listing agency
CBRE Dallas
Listed by
Johnny Dunn · License #TX 677506
Source
Crexi
Added: Mar 26 Updated: Jul 23 at 3:49AM Checked: Jul 23 at 3:49AM
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 CBRE Dallas
Investment Insights
Based on property information with market context.
Newly constructed in 2024, this Class B two-story commercial building totals 13,056 square feet including a covered garage, with 8,704 square feet of gross leasable area. The property is built with steel construction and includes full sprinkler systems and one elevator. With 12-foot slab-to-slab ceiling heights and a typical floor plate of 4,352 square feet per level, the flexible shell space is designed to accommodate single-tenant or multi-tenant occupancy and can be built out for a range of commercial uses.
The building is located at 840 Ranchview Dr in Irving, Texas, on a 0.74-acre lot, supporting a variety of medical office, professional office, and retail configurations.
As a versatile shell with practical vertical circulation and modern life-safety systems, the space is positioned for tenants and investors seeking a customizable footprint across two levels.
The building is located at 840 Ranchview Dr in Irving, Texas, on a 0.74-acre lot, supporting a variety of medical office, professional office, and retail configurations.
As a versatile shell with practical vertical circulation and modern life-safety systems, the space is positioned for tenants and investors seeking a customizable footprint across two levels.
Key Highlights
- Newly constructed 2024 Class B building at 840 Ranchview Dr in Irving, TX
- 8,704 SF gross leasable area across two stories with a 4,352 SF typical floor plate
- 12‑ft slab‑to‑slab ceiling heights and flexible shell space for build‑out to tenant needs
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 | $314.9k | $24.12 |
| − Vacancy | −$15.1k | −$1.16 |
| EGI | $299.8k | $22.96 |
| − OpEx | −$89.9k | −$6.89 |
| NOI | $209.9k | $16.07 |
13,056 SF · lease $24.12/SF/yr · vacancy 4.80% · expense 30.00%
Alternative Uses
Best Use
Retail
$3.00M
$2.62M – $3.50M
NOI $209,857 @ 7.0% cap · market cap 7.49%
Second Best
Office B
$2.51M
$2.20M – $2.93M
NOI $175,786 @ 7.0% cap · market cap 6.28%
Theoretical Best
Office A
$3.35M
$2.93M – $3.91M
NOI $234,381 @ 7.0% cap · market cap 8.37%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Office buildings
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FAQs
What type of property is this?
Office building - Newly constructed 2024 building offers two stories with flexible shell space for medical, professional, or retail use.
Where is this office building located?
The property is located at 840 Ranchview Dr Irving, TX.
What is the asking price?
The asking price for this property is $2,800,000.
What are key features of this property?
This property features: Newly constructed 2024 Class B building at 840 Ranchview Dr in Irving, TX; 8,704 SF gross leasable area across two stories with a 4,352 SF typical floor plate; 12‑ft slab‑to‑slab ceiling heights and flexible shell space for build‑out to tenant needs
