Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    2205-2215 Pioneer Dr Irving, TX 75061

    Property Lookup

    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    2205-2215 Pioneer Dr Irving, TX 75061

    View on Map
    • Warehouses
    • 271,406 SF
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Warehouses

    Property Details for 2205-2215 Pioneer Dr

    Year built
    1972
    Property size
    271,406 SF
    Property type
    Warehouses
    Property subtype
    Industrial properties

    Description

    This exceptional Irving, Texas industrial property, located at 2205-2215 E. Pioneer Dr., offers 271,406 square feet of warehouse space in a single building. The property is classified as Class C and was constructed in 1972. Situated on an expansive 11.3-acre lot, it's ideally suited for a variety of industrial uses. The warehouse features 15 loading docks, providing efficient and convenient access for loading and unloading operations. While the entire building comprises 271,406 square feet, a minimum of 54,600 square feet is currently divisible, with a maximum contiguous space of 54,600 square feet available for lease. This presents a unique opportunity for businesses seeking a substantial warehouse space in a prime Dallas County location. The property's address is 2205-2215 E. Pioneer Dr., Irving, TX 75061. The multiple tenancy structure allows for flexibility in occupancy arrangements. This substantial warehouse space offers significant potential for businesses requiring ample storage and operational area. The property's size and features make it an attractive option for companies needing a large footprint in a well-established industrial area. The 15 loading docks ensure efficient logistics and streamlined operations.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Irving
    County
    Dallas
    State
    Texas
    Longitude
    -96.9135
    Latitude
    32.8188

    Comparable in this City

    • Value Estimation by Request
      85,598 SF

      220-224 Brown Dr

      Distribution properties • 85,598 SF
      220-224 Brown Dr, Irving, TX 75061
      View Details
    • Value Estimation
      $23,530,000
      399,900 SF

      5425 F A A Blvd

      DISTRIBUTION WAREHOUSE • 399,900 SF
      5425 F A A Blvd, Irving, TX 75061-3611
      View Details
    • Value Estimation
      $3,925,000
      179,680 SF

      1111 Vly Vw Ln

      DISTRIBUTION WAREHOUSE • 179,680 SF
      1111 Vly Vw Ln, Irving, TX 75061-6008
      View Details
    • Value Estimation
      $27,520,000
      450,800 SF

      4921 Conflans Rd

      DISTRIBUTION WAREHOUSE • 450,800 SF
      4921 Conflans Rd, Irving, TX 75061-0590
      View Details
    • Value Estimation
      $11,010,000
      180,497 SF

      5250 Frye Rd

      DISTRIBUTION WAREHOUSE • 180,497 SF
      5250 Frye Rd, Irving, TX 75061-6028
      View Details
    • Value Estimation
      $885,000
      45,200 SF

      400 Cascade Dr

      DISTRIBUTION WAREHOUSE • 45,200 SF
      400 Cascade Dr, Irving, TX 75061-8802
      View Details

    Similar Nearby for Sale

    • $650,000
      58,327 SF

      Prime Development Opportunity in Irving

      Two adjacent commercial parcels totaling 2.08 acres in Irving, TX.
      3703 Jackson St, Irving, TX 75061
      View Details
    • $1,600,000
      12,419 SF

      Irving Warehouse with Living Space

      Versatile warehouse with living space in Irving, Texas.
      2340 Hinton Dr, Irving, TX 75061
      View Details
    • Contact for pricing
      33,000 SF

      Irving Warehouse Investment Opportunity

      Value-add warehouse property in prime DFW location for sale.
      1420 W Irving Blvd, Irving, TX 75061
      View Details
    • Contact for pricing

      Prime Irving Development Opportunity

      Two adjacent commercial parcels totaling 2.08 acres in Irving, TX.
      3703 Jackson St, Irving, TX 75061
      View Details
    • Contact for pricing

      Industrial Land with Office Space

      3.17 acres near major highways with 3,240 SF office.
      2075 Maryland Dr, Irving, TX 75061
      View Details
    • $650,000
      1.34 Acres

      Prime Land in Irving, TX

      Two adjacent commercial parcels totaling approximately 2.08 acres for sale.
      3703 Jackson St, Irving, TX 75061
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      5,000 SF

      Irving Warehouse Space Available

      Warehouse space with convenient access to major highways.
      500 S Belt Line Rd, Irving, TX 75061
      View Details
    • Contact for pricing

      Functional Industrial Space For Lease

      Industrial space with 16-foot clear height and fenced storage.
      502 N Main St, Irving, TX 75061
      View Details
    • Contact for pricing
      24,000 SF

      Irving Industrial Property For Lease

      Industrial property in Irving, TX, with flexible zoning.
      324 N Nursery Rd, Irving, TX 75061
      View Details
    • Contact for pricing

      Industrial Building with Secured Storage

      Industrial property with secured outside storage and highway access.
      2222 E Pioneer Dr, Irving, TX 75061
      View Details
    • Contact for pricing
      17,254 SF

      Versatile Warehouse and Office Spaces

      Multiple warehouse and office suites available for lease.
      111 N Nursery Rd, Irving, TX 75061
      View Details
    • Contact for pricing
      54,600 SF

      Irving Warehouse Space Available

      54,600 SF warehouse space for lease in Irving, TX.
      2205 E Pioneer Dr, Irving, TX 75061
      View Details
    Request Owner's contact information
    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.
    2205-2215 Pioneer Dr
    Irving, TX 75061
    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
    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

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!