Sign Up Successful!
You now have access to more from Realmo!
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    3021 Gateway Dr Irving, TX 75063

    Sponsored
    For Lease
    $13 SF/Yr

    Prime Irving Office Space: Move-in Ready

    Lot size:
    24,000 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    418
    Gateway West offers exceptional executive office space in the desirable Las Colinas submarket of Irving, Dallas County. This single-story, Class B building, constructed in 1985, boasts a total of 24,000 square feet, with 13,047 square feet currently vacant and available for immediate occupancy. Spaces range from a minimum of 2,636 square feet to a maximum contiguous space of 15,683 square feet, catering to a variety of business needs. The property sits on a generous 1.7-acre lot and offers excellent building signage opportunities. Enhancements include recently updated landscaping featuring an attractive outdoor area complete with a putting green, cornhole games, and a grilling station, perfect for employee gatherings or client events. The move-in ready spaces provide immediate solutions, while also offering the flexibility to customize and build out your ideal office environment. Located in the heart of Irving, a highly sought-after city within the Dallas-Fort Worth metroplex, this property benefits from its proximity to numerous Fortune 500 companies and a thriving community of small businesses within the master-planned Las Colinas development. This strategic location provides unparalleled access to a diverse and dynamic business landscape.

    Property Features for 3021 Gateway Dr

    General Information

    Property type
    Office Properties & Spaces
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    24,000 SF
    Class
    B
    Total Rate
    27000

    Building Details

    Year Built
    1985
    Buildings
    1
    Stories
    1

    Unit(s) available at that property

    Space
    200
    Size
    15,683 SF
    Rate per SF
    $13
    Space
    240
    Size
    15,683 SF
    Rate per SF
    $13
    Space
    280
    Size
    15,683 SF
    Rate per SF
    $13

    We can help!

    Listing Contact
    Zach Stevens

    Learn more

    HighLights

    • Class B, 24,000 SF single‑story office building in Irving, Las Colinas submarket of Dallas County.
    • 1.7‑acre lot with 13,047 SF of vacant space available.
    • Spaces range from 2,636 SF to a maximum contiguous 15,683 SF.
    • Building features include updated landscaping with outdoor amenities (putting green, cornhole, grilling area) and building signage opportunity.
    • Move‑in ready spaces available, with customization options.
    Property Profile Location Intelligence

    Current Use by Public Records

    VWR International Furniture Store Garcia Vera F Counselor Amber Hyde Family Practice Physician Crossover Las Colinas ... Medical Clinic Resolute Services Marketing Agency

    Suggested Use

    Restaurant Realty agency Law Firm Spa & Massage Building Supply Dental Office Wholesale Shop Hair Salon Auto Repair Shop Clothing Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Irving
    County
    Dallas
    State
    Texas
    Longitude
    -96.988789
    Latitude
    32.8950864

    Nearby Similar for Lease

    • $8,834 /Mo
      41,338 SF

      Irving Office Space For Lease

      Single-story office building in Irving, Texas available for lease.
      1610 Corporate Ct, Irving, TX 75038
      View Details
    • $2,300 /Mo

      Office Space in Irving, Texas

      Office space available for lease in Irving, Texas.
      1638 W Irving Blvd, Irving, TX 75061
      View Details
    • $1,595 /Mo
      1,582 SF

      Irving Office Space Available

      Office space for lease in Irving, Texas, spanning 1,582 square feet.
      920 Bluebonnet Dr, Irving, TX 75060
      View Details
    • $4,183 /Mo
      41,338 SF

      Irving Office Space For Lease

      Single-story office building near President George Bush and John Carpenter Freeway.
      1610 Corporate Ct, Irving, TX 75038
      View Details
    • $1,612 /Mo
      41,338 SF

      Irving Office Space For Lease

      Single-story office building in Irving, Texas, available for lease.
      1610 Corporate Ct, Irving, TX 75038
      View Details
    • $1,575 /Mo
      17,860 SF

      Office Space in Irving, TX

      Office space available for rent in Irving, Texas.
      1619 W Irving Blvd, Irving, TX 75061
      View Details
    • $5,000 /Mo
      22,782 SF

      Versatile Office Building with Charm

      Spacious office building with country charm, ideal for businesses.
      1905-a Hard Rock Rd, Irving, TX 75061
      View Details
    • $12 SF/Yr
      178,944 SF

      Versatile Warehouse and Office Spaces

      Multiple warehouse and office suites available for lease in Irving.
      111 N Nursery Rd, Irving, TX 75061
      View Details
    • $3,350 /Mo
      75,925 SF

      Furnished Office Space in Irving

      Fully-furnished office space with amenities in Irving, Texas, for rent.
      511 E John W Carpenter Fwy, Irving, TX 75039
      View Details
    • $20 SF/Yr
      58,762 SF

      Former Childcare Facility in Irving

      8,202 sqft building on 1.39 acres, ideal for various uses.
      504 Ranch Trl, Irving, TX 75063
      View Details
    • $2,350 /Mo
      75,925 SF

      Furnished Office Space in Irving

      Fully-furnished office spaces with amenities in Irving, Texas.
      511 E John W Carpenter Fwy, Irving, TX 75039
      View Details
    • $1,200 /Mo
      75,925 SF

      Furnished Office Space in Irving

      Fully-furnished office space with amenities in Irving, Texas.
      511 E John W Carpenter Fwy, Irving, TX 75039
      View Details

    FAQs

    What type of property is this?
    Office Property / Space - Prime Irving Office Space: Move-in Ready
    Where is this office property / space located?
    The property is located at 3021 Gateway Dr Irving, TX.
    What is the lease rate?
    The lease rate is $13 SF/Yr.
    What are key features of this property?
    This property features: Class B, 24,000 SF single-story office building in Irving, Las Colinas submarket of Dallas County.; 1.7-acre lot with 13,047 SF of vacant space available.; Spaces range from 2,636 SF to a maximum contiguous 15,683 SF.
    Request Owner's contact information
    3021 Gateway Dr Irving, TX 75063
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    3021 Gateway Dr
    Irving, TX 75063
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    3021 Gateway Dr Irving, TX 75063
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    Zach Stevens
    Real Estate License ID: 639204
    Learn more
    Google sign-in failed. Please try again or use another login method.