Automotive Property with Block
For Sale
$950,000
925 Luke Street, Irving, TX 75061
Occupied commercial building serving vehicle sales and rental operations.
Property Size3,200 SF
Days on Market49
Property Features for 925 Luke Street
General Information
Standard status
Active
Size
3,200 SF
Property subtype
Business
Taxes and HOA fees
Annual Taxes
$3,893
Building Details
Building Size
3,200 SF
Year Built
1967
Buildings
1
Construction
cinder block
Tenancy
Single
Listing Agency:
CENTURY 21 Judge Fite Co.
Listed By:
Wendy Wells
(214) 920-9611
Source:
Nilesrealtygroup
Added: Sep 4
Changed: Oct 8
Last Checked: Oct 21 at 7:05AM
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 CENTURY 21 Judge Fite Co.
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Investment Insights
Based on property information with market context.
This automotive property at 925 Luke Street in Irving, Texas, is a commercial building with cinder-block walls and a slab foundation. Constructed in 1967, the property is currently occupied by Caleb's Motors for vehicle sales and rental operations.
Caleb's Motors began operating at the property on April 1, 2023. The existing building configuration and automotive occupancy provide a defined commercial use within the Irving market.
Caleb's Motors began operating at the property on April 1, 2023. The existing building configuration and automotive occupancy provide a defined commercial use within the Irving market.
Key Highlights
- 1967 construction
- Cinder‑block wall construction
- Slab foundation
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$51,435
Cap Rate
5.41%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,028,700
$1.0M
Cap Rate 7%
$734,786
$734.8K
Cap Rate 9%
$571,500
$571.5K
Market Conditions
NOI Build-Up for 3,200 SF
Gross rent
$77.2K $24.12/SF
− Vacancy
−$3.7K −$1.16/SF
EGI
$73.5K $22.96/SF
− OpEx
−$22.0K −$6.89/SF
NOI
$51.4K $16.07/SF
Area
Irving, TX
Vacancy
4.80%
Lease Rate
$24.12 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,028,700
Cap Rate 7%
$734,786
Cap Rate 9%
$571,500
Alternative Uses
Best Use
Retail
$734.8K
$642.9K – $857.3K
NOI $51,435 @ 7.0% cap · market cap 5.41%
Second Best
Industrial
$288.4K
$252.4K – $336.5K
NOI $20,191 @ 7.0% cap · market cap 2.13%
Theoretical Best
Office A
$820.7K
$718.1K – $957.4K
NOI $57,446 @ 7.0% cap · market cap 6.05%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
Single-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
948
Businesses Nearby
42k
Monthly Visits Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 97%
Dining 3%
RaceTrac
Shops & Services
25,481 visits/mo
0.2 miles
7-Eleven
Shops & Services
7,541 visits/mo
0.2 miles
AutoZone
Shops & Services
4,974 visits/mo
0.3 miles
Hele
Shops & Services
2,340 visits/mo
0.2 miles
Pizza Hut
Dining
1,344 visits/mo
0.1 miles
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
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Market
Vacancy Rate% for Retail in South region
Similar Off Market Nearby
- U-Haul Neighborhood Dealer — 108 S Belt Line Rd, Irving, TX 75060
- Easirent Car Rental Dallas Fort Worth Airport (DFW) — 635 Robbie Dr, Irving, TX 75061
- Car Rental Dallas Fort Worth — 724 N Belt Line Rd, Irving, TX 75060
- Nothin' But Trailers — 815 Luke St, Irving, TX 75061
- U-Haul Neighborhood Dealer — 3301 Conflans Rd Ste 308, Irving, TX 75061
Frequently Asked Questions
What type of property is this?
Automotive property - Occupied commercial building serving vehicle sales and rental operations.
Where is this automotive property located?
The property is located at 925 Luke Street Irving, TX.
What is the asking price?
The asking price for this property is $950,000.
What are key features of this property?
This property features: 1967 construction; Cinder‑block wall construction; Slab foundation
