Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    4020 Northgate Dr Irving, TX 75062-1924
    Back to Search
    Property profile & analytics

    4020 Northgate Dr, Irving, TX 75062-1924

    View on Map
    • Grocery and convenience stores
    • 2,120 SF
    • 0.34 lot acres
    Off-Market
    Last Sale Sep 26, 2023
    Property ID
    US82-2263962
    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.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Fresh Food Store / Grocery & Convenience Store
    • U-Haul Neighborhood Dealer / Car Rental Facility
    • Ixta-Tacos / Restaurant
    • Byte Federal Bitcoin ATM (Fresh Food Store) / Atm

    Property Details for 4020 Northgate Dr

    Year built
    1974
    Construction
    TILT-UP CONCRETE
    Lot size
    0.34 lot acres
    Zone code
    Z58
    Property type
    Grocery and convenience stores
    APN
    32132700000010000
    APU
    32132700000010000

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Sep 26, 2023 — Taksu Enterpise LLC Nepal Sales Mart LLC Warranty Deed —
    May 12, 2009 — Nepal Sales Mart LLC Nasif INC Warranty Deed $400k · Westbound Bank
    Jun 21, 2006 — Nasif INC Pmc Funding Corp Warranty Deed · related —
    Apr 4, 2006 $300,000 Pmc Funding Corp Gray,cameron D Trustees Deed · related —
    Apr 19, 1999 — Salam INC Rossmore Enterprises Grant Deed $130k · Independent National Bank
    — — Nepal Sales Mart LLC — Deed Of Trust · related $545k · One World Bank

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Irving
    County
    Dallas
    State
    Texas
    Longitude
    -97.0052
    Latitude
    32.8567
    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
    2024
    $12,296
    $224,780
    $343,850
    $568,630
    -
    $224,780
    $343,850
    $568,630

    Comparable in this City

    • Value Estimation
      $1,090,000
      42,818 SF

      1145 Airport Fwy

      GROCERY, SUPERMARKET
      1145 Airport Fwy, Irving, TX 75062-6220
      View Details
    • Value Estimation
      $1,765,000
      50,058 SF

      3602 Belt Line Rd

      GROCERY, SUPERMARKET
      3602 Belt Line Rd, Irving, TX 75062
      View Details
    • Value Estimation by Request
      3,309 SF

      3000 Belt Line Rd

      CONVENIENCE STORE
      3000 Belt Line Rd, Irving, TX 75062-6877
      View Details
    • Value Estimation by Request
      2,572 SF

      4118 Airport Fwy

      CONVENIENCE STORE
      4118 Airport Fwy, Irving, TX 75062-5913
      View Details
    • Value Estimation
      $830,000
      29,140 SF

      3500 Belt Line Rd

      GROCERY, SUPERMARKET
      3500 Belt Line Rd, Irving, TX 75062-7865
      View Details
    • Value Estimation
      $760,000
      28,578 SF

      3901 Northgate Dr

      GROCERY, SUPERMARKET
      3901 Northgate Dr, Irving, TX 75062-1954
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      3,287 SF

      Prime Commercial Land in Irving

      1.07-acre commercial land with 33 parking spaces near DFW Airport.
      2711 North Belt Line Rd, Irving, TX 75062
      View Details
    • Contact for pricing
      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
      View Details
    • $1,260,000
      98,445 SF

      Irving Business Park Land Opportunity

      Prime land in Irving's high-volume business district near DFW.
      2751 State Highway 161, Irving, TX 75062
      View Details
    • Contact for pricing

      Prime Commercial Land Opportunity

      Commercial land in Irving, TX, near major highways and DFW.
      4420 Rainier St, Irving, TX 75062
      View Details
    • Contact for pricing
      43,790 SF

      Irving Office Building For Sale

      Two-story office building in Irving, Texas, totaling 43,790 square feet.
      4950 N O Connor Blvd, Irving, TX 75062
      View Details
    • Contact for pricing

      Commercial Land with Utilities

      Commercial land with all utilities available in Irving, Texas.
      3431 Finley Rd, Irving, TX 75062
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      6,000 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
      1,776 SF

      Restaurant Space in Irving, Texas

      Second-generation restaurant space with high visibility and established retail surroundings.
      1113-1129 Coker St, Irving, TX 75062
      View Details
    • Contact for pricing
      1,422 SF

      Retail Space on Belt Line

      Retail space available in Irving, Texas with high visibility.
      2522-2678 N Belt Line Rd, Irving, TX 75062
      View Details
    • Contact for pricing
      3,370 SF

      Retail Space on N Macarthur

      Retail space for lease in Irving, TX with ample parking.
      1009-1057 W Rochelle Rd, Irving, TX 75062
      View Details
    • Contact for pricing

      Retail Space in Irving Mall

      Retail space available for lease in Irving, Texas.
      2501 Irving Mall, Irving, TX 75062
      View Details
    • Contact for pricing

      Multi-Tenant Building in Irving, Texas

      Two-story building with office and retail spaces for rent.
      3317 Finley Rd, Irving, TX 75062
      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.
    4020 Northgate Dr
    Irving, TX 75062-1924
    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
    4020 Northgate Dr, Irving, TX, 75062
    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!