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    Property profile & analytics

    3575 Story Rd Irving, TX 75038

    • Strip malls
    • 9,856 SF
    • 1.18 lot acres
    For Lease
    View listing
    Value Estimations
    $590,000
    Cap Rate Potential
    Location Intelligence
    Property ID
    US83-1075659
    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.

    Current Use by Public Records

    • Visionary Wellness & Imaging / Wellness Center / Medical Diagnostic Imaging Center
    • Tesla Supercharger / Electric Vehicle Charging Station
    • Forever Young Aesthetics / Health And Beauty Shop
    • PJ's Coffee - Irving / Coffee Shop
    • Dr. Majid Sehat / Dentist

    Property Details for 3575 Story Rd

    Year built
    2022
    Construction
    TILT-UP CONCRETE
    Lot size
    1.18 lot acres
    Property size
    9,856 SF
    Zone code
    Z49
    Property type
    Strip malls
    Property subtype
    Neighborhood centers
    APN
    327757000A0040000
    APU
    327757000A0040000

    Description

    This exceptional 7,856 square foot retail center, situated on a 1.18-acre lot in the thriving city of Irving, Texas, presents a unique investment opportunity. Built in 2022, this Class B property boasts a single building and offers flexible space options, perfect for a variety of retail businesses. The center is ideally located at 3575 W. Story Rd., Irving, TX 75038, providing excellent visibility and accessibility. Multiple tenancies are available, with a minimum divisible space of 1,200 square feet and a maximum contiguous space of 5,775 square feet, allowing for customization to suit diverse business needs. The property's strategic location within Dallas County ensures high traffic volume and a strong customer base. This is an excellent chance to establish or expand your retail presence in a rapidly growing market. The modern construction and flexible layout make this a highly desirable property for discerning investors and entrepreneurs seeking a prime retail location in Irving. Don't miss this opportunity to secure a space in this vibrant and successful retail center. Contact us today to learn more about leasing options and explore the possibilities.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $590,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $592,000
      Market price range: $220k - $592k

    • Alternative Use

      Use
      Estimation
      NEIGHBORHOOD: SHOPPING CENTER
      $380,000
      Current use
      MEDICAL BUILDING
      $975,000
      Change: +156% Conversion: Difficult
      RETAIL STORES
      $535,000
      Change: +41% Conversion: Easy
      OFFICE BUILDING
      $410,000
      Change: +8% Conversion: Moderate

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Irving
    County
    Dallas
    State
    Texas
    Longitude
    -96.9947
    Latitude
    32.8718
    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
    $51,682
    $514,000
    $1,876,000
    $2,390,000
    -
    $514,000
    $1,876,000
    $2,390,000

    Comparable in this City

    • Value Estimation
      $1,700,000
      81,889 SF

      555 Airport Fwy

      SHOPPING CENTER, STRIP CENTER • 81,889 SF
      555 Airport Fwy, Irving, TX 75062-6329
      View Details
    • Value Estimation
      $1,010,000
      29,607 SF

      4835 O Connor Rd

      SHOPPING CENTER, STRIP CENTER • 29,607 SF
      4835 O Connor Rd, Irving, TX 75062-2257
      View Details
    • Value Estimation
      $455,000
      6,400 SF

      2710 Belt Line Rd

      SHOPPING CENTER, STRIP CENTER • 6,400 SF
      2710 Belt Line Rd, Irving, TX 75062-5200
      View Details
    • Value Estimation
      $625,000
      15,714 SF

      3578 Airport Fwy

      SHOPPING CENTER, STRIP CENTER • 15,714 SF
      3578 Airport Fwy, Irving, TX 75062-5904
      View Details
    • Value Estimation
      $395,000
      4,024 SF

      2911 Esters Rd

      SHOPPING CENTER, STRIP CENTER • 4,024 SF
      2911 Esters Rd, Irving, TX 75062-7781
      View Details
    • Value Estimation
      $385,000
      1,422 SF

      535 Airport Fwy, Unit 210

      SHOPPING CENTER, STRIP CENTER • 1,422 SF
      535 Airport Fwy, Irving, TX 75062-6347
      View Details

    Similar Nearby for Sale

    • $11,000,000
      76,847 SF

      Retail Property with High Visibility

      Retail property with frontage and heavy parking available for sale.
      940-1000 W Airport Fwy, Irving, TX 75062
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      Prime Irving QSR Opportunity

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      3.57 Acres

      Prime Irving Retail Opportunity

      3.57-Acre Retail Lot in Texas
      5180 Airport Fwy, Irving, TX 75062
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      86,600 SF

      Embassy Apartments: Irving, TX

      111-Unit Multifamily Investment Opportunity
      1415 Airport Fwy, Irving, TX 75062
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    • $900,000

      Commercial Land with Utilities

      Commercial land with all utilities available in Irving, Texas.
      3431 Finley Rd, Irving, TX 75062
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    • $199,000

      Condominium with Attached Two-Car Garage

      Condominium near Las Colinas with attached two-car garage.
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    Similar Nearby for Lease

    • Contact for pricing
      6,000 SF

      Retail Center in Densely Populated Area

      45,264 SF retail center in Irving, Texas for lease.
      2233-2333 W Rochelle Rd, Irving, TX 75062
      View Details
    • $20 SF/Yr
      26,037 SF

      Skyline Plaza Retail Center

      High-traffic retail center, spaces available
      3002 Belt Line Rd, Irving, TX 75062
      View Details
    • Contact for pricing
      915 SF

      Retail Space in Irving Center

      Retail space available in Irving Towne Center shopping center.
      3301-3313 W Airport Fwy, Irving, TX 75062
      View Details
    • Contact for pricing
      4,886 SF

      Retail Space on Airport Freeway

      Retail space available in Irving, Texas shopping center.
      2401-2431 W Airport Fwy, Irving, TX 75062
      View Details
    • Contact for pricing
      3,671 SF

      Retail Space on N Beltline

      3,671 SF end-cap, 2nd generation restaurant space available.
      2904-2950 N Belt Line Rd, Irving, TX 75062
      View Details
    • Contact for pricing
      2,062 SF

      Retail Space on North Beltline

      Retail and restaurant spaces available north of Irving Mall.
      3302 W Rochelle Rd, Irving, TX 75062
      View Details
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    3575 Story Rd
    Irving, TX 75038
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    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
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