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Property profile & analytics
FOR LEASE
Parking lots & garages

511 E John W Carpenter Fwy Irving, TX 75039

175,152 SF 1.74 ac lot Built 1981
Entity Owned 9-yr Hold ~ Est. High Equity
Property ID
US82-4848783
Property summary
AI-generated overview

This exceptional Las Colinas office property offers a diverse range of workspace solutions, perfect for businesses of all sizes. The building boasts a total of 342,737 square feet, with multiple tenancy options available. Spaces range from a minimum of 75 square feet to a maximum contiguous space of 2,500 square feet, currently offering 2,500 square feet of vacant space. The property sits on 1.743 acres of land and is zoned for Commercial-Executive Office use. Modern conveniences include elevators. The building offers fully furnished options, including onsite receptionist services, printing capabilities, refreshments, parking, utilities, and janitorial services. Tenants also enjoy access to conference rooms and shared amenities, along with local business phone lines featuring unlimited domestic long-distance calling. A 24/7 fitness center adds to the comprehensive suite of offerings. This location provides access to a network of similar spaces across Dallas/Fort Worth, Houston, Atlanta, and Phoenix. All information should be verified independently.

Property profile
Verified
Property type Parking lots & garages
Use group PARKING GARAGE, PARKING STRUCTURE
Year built 1981
Construction FRAME
Total area 175,152 SF
Lot 1.74 ac (75,925 SF)
Zoning code Z393
APN 32700000000000000
UPID US82-4848783
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • KDF Insurance Insurance Agency
  • Tax Time & Co. Tax Preparation
  • Rhino Shine Venthood Cleaning and Pressure Washing Landscaping General Contractor
  • Cary Jay Cross Attorney Law Firm
  • DHR Engineering Inc Civil Engineering Company Engineer
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
$955k
CAP Approach CAP
by Request
Comparable Approach Comparable
$580k
Blend (final) Blend
$770k
Owner & transaction history
Cp 511 Building LLC · 9 yrs held
Cp 511 Building LLC
since 2017
3 recorded transactions
2020
Price N/A
2017
Price N/A
1969
Price N/A
Zoning & alternative use
Z393 · Irving, TX
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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