Technical
Financial
Distress signals
Property profile

200 John Carpenter Fwy Irving, TX 75039

OFF-MARKET
Commercial land
Property ID
US82-9297505
5.29 ac lot
Entity Owned Absentee Owner Free & Clear
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Property summary

AI-generated overview

One Fourteen Office Park presents a unique investment opportunity in the vibrant Las Colinas area of Irving, Texas. This Class A, multi-tenant medical office condo development comprises seven buildings, offering flexible suite sizes ranging from 1,500 to 10,000 square feet. Ideally situated on the John Carpenter Freeway (200 W John Carpenter Fwy, 75039), this prime location boasts excellent visibility and accessibility, with frontage on Highway 114 and proximity to the Toyota Music Factory. The property benefits from its commercial zoning and is strategically positioned near residential neighborhoods, entertainment venues, and numerous amenities. Construction is underway, with the first buildings scheduled for completion in the third quarter of 2024. Purchase options are available at $350.00 per square foot. Lease options are also available at $34.00 per square foot, plus estimated NNN expenses of $10.00 per square foot. This development offers convenient access to DFW Airport and Downtown Dallas, making it an attractive location for businesses of all sizes. The opportunity to build equity, rather than simply paying rent, coupled with currently available low-interest rate financing options for owner-occupied spaces, makes One Fourteen Office Park a compelling investment prospect. Building signage opportunities on Highway 114 further enhance the visibility and marketing potential of this exceptional property.

Property profile

Verified
Property type Commercial land
Use group VACANT COMMERCIAL LAND
Lot 5.29 ac (230,432 SF)
APN 320043100A02R0000
UPID US82-9297505

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Corporate Office
  • Law Firm

Location

200 John Carpenter Fwy Irving, TX 75039-2003
Irving metro Census 14313 DALLAS-FORT WORTH-ARLINGTON, TX METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$180k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$180k

Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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