Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • 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
    Property profile & analytics

    1425 O'connor Rd Irving, TX 75061

    • Office Properties & Spaces
    • 3,600 SF
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Office Properties & Spaces

    Property Details for 1425 O'connor Rd

    Year built
    1983
    Property size
    3,600 SF
    Property type
    Office Properties & Spaces
    Property subtype
    Medical offices

    Description

    This exceptional 3,600 square foot Class B medical office building, located at 1425 N O'Connor Rd in Irving, Texas (zip code 75061), presents a unique owner-user opportunity. Currently vacant, this property offers immediate occupancy starting May 14, 2024. Built in 1983, the building is a free-standing structure, previously used as a dental office, making it ideally suited for a variety of medical practices. The asking price is $1,250,000, translating to a price per square foot of $347.22. Situated in Dallas County, this property benefits from a convenient location in Irving, Texas. The building's layout is well-suited for a medical practice, offering ample space for examination rooms, waiting areas, and administrative offices. This is a rare opportunity to acquire a well-located, ready-to-occupy medical office building in a thriving Texas market. The property is a second-generation free-standing building, providing excellent visibility and accessibility. Serious inquiries are encouraged.

    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
    -96.9515
    Latitude
    32.8292

    Comparable in this City

    • Value Estimation by Request
      9,108 SF

      620 O'connor Rd

      Medical offices • 9,108 SF
      620 O'connor Rd, Irving, TX 75061
      View Details
    • Value Estimation by Request
      130,000 SF

      1625 Story Rd

      Medical offices • 130,000 SF
      1625 Story Rd, Irving, TX 75061
      View Details
    • Value Estimation by Request
      68,977 SF

      2210 Grauwyler Rd

      Restaurants • 68,977 SF
      2210 Grauwyler Rd, Irving, TX 75061
      View Details
    • Value Estimation
      $4,260,000
      36,255 SF

      1800 Britain Rd

      MEDICAL BUILDING • 36,255 SF
      1800 Britain Rd, Irving, TX 75061-2630
      View Details
    • Value Estimation
      $1,115,000
      10,320 SF

      1745 Irving Blvd

      MEDICAL BUILDING • 10,320 SF
      1745 Irving Blvd, Irving, TX 75061-7111
      View Details
    • Value Estimation
      $6,315,000
      56,470 SF

      2005 Park Dr

      MEDICAL BUILDING • 56,470 SF
      2005 Park Dr, Irving, TX 75061-2032
      View Details

    Similar Nearby for Sale

    • New
      $629,900
      3,166 SF

      Dental Opportunity in Irving, Texas

      Dental office building available for lease or purchase in Irving.
      737 Irby Ln, Irving, TX 75061
      View Details
    • $629,898
      3,162 SF

      Dental Investment Opportunity

      Dental office building with long-term lease in place.
      737 Irby Ln, Irving, TX 75061
      View Details
    • Contact for pricing
      16,950 SF

      Prime Irving Executive Office Building

      Class A Office, 16,950 SF, Ample Parking
      698 Airport Fwy, Irving, TX 75061
      View Details
    • $5,255,500
      76,900 SF

      Professional Office Building For Sale

      Office building with strong visibility and contemporary glass facade.
      2520 W Irving Blvd, Irving, TX 75061
      View Details
    • $3,500,000
      1.88 Acres

      Office Building with Vacant Lot

      Office building with adjacent vacant lot on John Carpenter Freeway.
      801 Loop 12 N, Irving, TX 75061
      View Details
    • $2,250,000

      Commercial Land Portfolio For Sale

      Commercial land portfolio with multiple properties for sale.
      1400 E Irving Blvd, Irving, TX 75061
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      130,000 SF

      Plymouth Park North Medical Office

      Dallas County medical office space for lease.
      1625 Story Rd, Irving, TX 75061
      View Details
    • Contact for pricing
      68,977 SF

      Plymouth Park East Medical Office Space

      High-density area, flexible medical suites available.
      2210 Grauwyler Rd, Irving, TX 75061
      View Details
    • Contact for pricing
      58,400 SF

      Irving Medical Office Building III

      Class A Medical Office Space Available
      2005 Park Dr, Irving, TX 75061
      View Details
    • $27 SF/Yr
      1,761 SF

      Medical Office Space Available

      Ground floor medical office space with customizable suites for rent.
      2021 N Macarthur Blvd, Irving, TX 75061
      View Details
    • Contact for pricing
      2,906 SF

      Irving Medical Office Space Available

      Medical office space for lease on Baylor Scott & White campus.
      2001 N Macarthur Blvd, Irving, TX 75061
      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
    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.
    1425 O'connor Rd
    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.