811 O'connor Rd Irving, TX 75061
This 4,584 square foot storefront property in Irving, Texas, presents a compelling value-add investment opportunity. Located at 811 N O'Connor Rd, in Dallas County, zip code 75061, this single-story building boasts two units, currently operating at 50% occupancy. One unit is currently leased to Gibson Pharmacy for $2,500 per month. Built in 1961, the property offers enduring quality and is zoned for commercial use. The asking price is $850,000, representing a 3.67% cap rate. The gross lease structure provides a straightforward income stream. Its prime location in Irving ensures high visibility and accessibility, making it attractive to a wide range of tenants. The property's current occupancy presents a significant opportunity for growth through increased leasing or owner-occupancy. This well-maintained property is ready for immediate occupancy and offers a promising return on investment for a savvy buyer seeking to diversify their commercial portfolio. The property's strategic location and versatile nature make it an ideal asset in a dynamic market.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.