1336 Irving Hts Dr Irving, TX 75060-6308
Property profile & analytics
1336 Irving Hts Dr Irving, TX 75060-6308
- Warehouses
- 11,968 SF
- 2.34 lot acres
Property ID
US82-2656326
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
Location Intelligence
Current Use by Public Records
- Big City Access by BrandSafway – Dallas / General Contractor / Construction Company
- Spider by BrandSafway / General Contractor / Construction Company
Property Details for 1336 Irving Hts Dr
- Year built
- 1967
- Construction
- TILT-UP CONCRETE
- Lot size
- 2.34 lot acres
- Property size
- 11,968 SF
- Zone code
- Z128
- Property type
- Warehouses
- Property subtype
- Self storage facilities
- APN
- 32231800510010000
- APU
- 32231800510010000
Description
This 22,000 square foot industrial distribution and manufacturing facility, located at 1336 S Irving Heights Dr, Irving, TX 75060, presents a compelling investment opportunity. The property boasts a strong corporate guarantee from BrandSafway, a globally recognized company with over 360 locations and annual revenue exceeding $5 billion. The current lease, a Net Net (NN) agreement, has a remaining term of approximately one year, expiring November 30, 2025, with a fixed rent structure. The property features a newly installed roof (2021), minimizing immediate capital expenditures. The current Net Operating Income (NOI) is $164,108, yielding a 5.48% cap rate. However, the current rent of $7.46 per square foot is below market, presenting a significant value-add opportunity for the new owner. The property sits on a 2.34-acre lot and benefits from a strategic location within the Dallas/Fort Worth Metroplex, boasting excellent access to major highways including Interstate 35E, Interstate 635, Loop 12, and Highway 183, with daily traffic counts exceeding 132,000 vehicles. The surrounding area is densely populated, with over 210,000 residents within a 5-mile radius and over 1,000,000 within a 10-mile radius. The property's location within an established industrial area, alongside other national brands, further enhances its appeal. The asking price is $2,995,000. The Dallas/Fort Worth MSA consistently ranks highly for population growth, making this a stable and potentially high-growth investment. The property's strong tenant, low current rent, and prime location combine to create a compelling investment opportunity with significant upside potential. The property's APN is 32231800510010000.
Value Estimations
based on Realmo’s proprietary methodology
-
Comparable approach
- Method
- Estimation
- AI Estimate
- $1,076,000
Market price range: $348k - $1.24M -
Alternative Use
- Use
- Estimation
- WAREHOUSE, STORAGE
- $805,000 Current use
- OFFICE BUILDING
- $1,435,000 Change: +79% Conversion: Difficult
- MEDICAL BUILDING
- $1,255,000 Change: +57% Conversion: Difficult
- AUTO REPAIR, GARAGE
- $1,200,000 Change: +49% Conversion: Easy
- RETAIL STORES
- $1,180,000 Change: +47% Conversion: Moderate
- APARTMENT HOUSE (5+ UNITS)
- $825,000 Change: +3% Conversion: Difficult
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Location Insight
- Map
- Local Demand
- City
- Irving
- County
- Dallas
- State
- Texas
- Longitude
- -96.9244
- Latitude
- 32.7983
- CBSA code
- 19100
- CBSA name
- DALLAS-FORT WORTH-ARLINGTON, TX METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$19,869
$203,780
$715,020
$918,800
-
$203,780
$715,020
$918,800
