Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    698 Airport Fwy Irving, TX 75061
    Back to Search
    Property profile & analytics

    698 Airport Fwy, Irving, TX 75061

    View on Map
    • Office Spaces
    • 16,950 SF
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Office Spaces

    Property Details for 698 Airport Fwy

    Property type
    Office Spaces

    Description

    This exceptional Class A executive office building, totaling 16,950 square feet, is ideally situated at 698 East Airport Freeway in Irving, Texas, zip code 75061. The entire space is currently vacant and available for lease as a single tenant occupancy. Boasting a generous 2.65-acre lot, the property offers ample parking with 160 spaces available for tenants and their guests. The building's zoning is C-OU-2, SH 183 Overlay District - Subdistrict J, within Dallas County. This prime location provides easy access to major transportation arteries, making it highly convenient for employees and clients alike. The building's modern design and high-quality construction reflect its Class A designation, ensuring a professional and impressive environment for any business. The property presents a unique opportunity for a company seeking a substantial, single-tenant office space in a highly desirable location. With its expansive square footage and ample parking, this property is well-suited for a variety of businesses seeking a prestigious and functional workspace. Interested parties are encouraged to inquire for further details and leasing information. The property is ready for immediate occupancy.

    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
    -96.9386
    Latitude
    32.8359

    Comparable in this City

    • Value Estimation by Request
      528 SF

      3710 Jackson St

      OFFICE (GENERAL)
      3710 Jackson St, Irving, TX 75061-6247
      View Details
    • Value Estimation by Request
      9,108 SF

      620 O'connor Rd

      Medical Office Space
      620 O'connor Rd, Irving, TX 75061
      View Details
    • Value Estimation by Request
      68,977 SF

      2210 Grauwyler Rd

      Restaurants
      2210 Grauwyler Rd, Irving, TX 75061
      View Details
    • Value Estimation by Request
      85,598 SF

      220-224 Brown Dr

      Distribution properties
      220-224 Brown Dr, Irving, TX 75061
      View Details
    • Value Estimation by Request
      840 SF

      1660 Belt Line Rd

      OFFICE (GENERAL)
      1660 Belt Line Rd, Irving, TX 75061-1506
      View Details
    • Value Estimation by Request
      1,344 SF

      2324 Penn St

      OFFICE (GENERAL)
      2324 Penn St, Irving, TX 75061-5752
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      3,162 SF

      Dental Investment Opportunity

      Dental office building with long-term lease in place.
      737 Irby Ln, Irving, TX 75061
      View Details
    • New
      Contact for pricing
      6,113 SF

      Retail Center with Two-Sided Sign

      Two-building retail center offers an 800 SF vacancy suitable for retail, service, or medical users near SH-183.
      615 N Macarthur Blvd, Irving, TX 75061
      View Details
    • Contact for pricing
      16,950 SF

      Irving Office Building For Sale

      Office building with 16,950 square feet available for sale.
      698 E Airport Fwy, Irving, TX 75061
      View Details
    • Contact for pricing
      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
    • New
      Contact for pricing
      29,215 SF

      Multi-Tenant Office Building

      Multi-tenant office building with current occupancy, offering established income and easy access across the DFW area.
      819 N O Connor Rd, Irving, TX 75061
      View Details
    • Contact for pricing
      3,162 SF

      Dental Office Opportunity For Sale

      Dental office building with equipment available for lease or purchase.
      737 Irby Ln, Irving, TX 75061
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      1,470 SF

      Office Space Available For Rent

      Office space available for lease, 1470 square feet.
      1638 W Irving Blvd, Irving, TX 75061
      View Details
    • Contact for pricing
      3,600 SF

      Irving Flex Office Showroom Space

      Multi-tenant flex office showroom near Downtown Irving Historical District.
      400 E Pioneer Dr, Irving, TX 75061
      View Details
    • Contact for pricing

      Class A Single Tenant Office

      16,950 SF office building with highway frontage and ample parking.
      698 E Airport Fwy, Irving, TX 75061
      View Details
    • Contact for pricing

      Medical Office Building For Lease

      Class A medical office building on Baylor Scott & White campus.
      2005 W Park Dr, Irving, TX 75061
      View Details
    • $1,550 /Mo
      37,897 SF

      Office Space Near Hwy 83

      Office space near Hwy 83 with proximity to shopping centers—an easy fit for professional tenants.
      1202 W 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.
    698 Airport Fwy
    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

    Thank You for Inquiry
    698 Airport Fwy, Irving, TX, 75061
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!