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502 Main St Irving, TX 75061-7547

OFF-MARKET Warehouses Google Maps
15,300 SF 2.36 ac lot Built 1963
Entity Owned Absentee Owner Free & Clear
Estimated value (blended)
$575k
Range $518k – $633k (±10%)
Property ID US82-2779110

Property summary

AI-generated overview

This exceptional 1,200 square foot flex space, part of a larger 5,700 square foot industrial building in Dallas County, presents a fantastic opportunity for businesses seeking efficient and accessible operations. The unit boasts a 16-foot clear ceiling height, minimizing storage constraints and maximizing vertical space utilization. Minimal office space is included, ideal for smaller teams or those prioritizing warehouse functionality. Grade-level overhead doors ensure seamless loading and unloading, streamlining logistics. The property offers the significant advantage of 24/7 direct access, providing unparalleled flexibility and control over operations. Its strategic location provides easy connectivity to major thoroughfares, Highway 183 and Irving Boulevard, enhancing accessibility for employees and clients alike. A valuable added feature is the inclusion of private fenced outdoor storage, offering secure space for equipment, materials, or inventory. This property is perfectly suited for a variety of industrial uses, from manufacturing and distribution to light assembly and warehousing. The combination of functional design, convenient location, and practical amenities makes this flex space an exceptional investment for businesses seeking to optimize their operations and enhance their bottom line. The single suite within the building offers a sense of privacy and control.

Property profile

Verified
Property type Warehouses
Use group MINI-WAREHOUSE, STORAGE
Year built 1963
Construction STEEL FRAME
Total area 15,300 SF
Lot 2.36 ac (102,584 SF)
Zoning code Z128
APN 65123136710210000
UPID US82-2779110

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
  • Construction Company General Contractor

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$575k
CAP Approach CAP
by Request
Comparable Approach Comparable
$632k
Blend (final) Blend
$575k

Owner & transaction history

Zoning & alternative use

Z128 · Irving, TX
Top alternative use upside
Apartment house (5+ units) $895,000 +40.3%

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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