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    Arlington Medical Office Suite Title is generated by Realmo AI

    1009 W Mitchell Street, Arlington, TX 76013

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    Claim this Listing
    For Lease
    $2,100 /Mo

    Office - Arlington, TX

    Type:Office
    Lot size:
    0.33 Acres
    Added:
    Apr 21, 2026
    Days on Market:
    27
    Last Refresh:
    May 17 at 3:06 am

    Property Features for 1009 W Mitchell Street

    General Information

    Property type
    Other
    Property subtype
    Office
    Parking features
    Parking Lot, Paved or Surfaced
    Standard status
    Active
    APN
    01756567
    Lot size
    0.33 Acres

    Utilities

    Heating system
    Central
    Cooling system
    Central Air

    Building Details

    Year built
    1973
    Flooring type
    Laminate
    Building materials
    Brick, Stone
    Roof type
    Composition
    Architectural style
    Other

    We can help!

    Listing Contact
    Rebecca Ringer

    Listing agent Rebecca Ringer License #0565329

    Listing office The Street Real Estate Company 2303 Roosevelt Dr, Arlington, TX

    Listing date Apr 21, 2026

    MLS# 21193851 Listing URL

    Copyright © 2026 North Texas Real Estate Information Systems, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • Move‑in ready medical suite, fully retrofitted for dental use with nitrous gas plumbed.
    • Prime Arlington location with quick access to I‑30, Entertainment District, restaurants, and Texas Health Memorial Hospital.
    • Functional layout: reception area, four exam rooms, two restrooms, private doctor’s office.
    • Ample surface parking and monument signage available.
    • Suitable for dental, medical, specialty practice, wellness, or professional office users.
    • Immediate occupancy available.

    Overview

    This move-in ready medical professional suite is situated in a prime Arlington location, offering convenient access to I-30, the Entertainment District, restaurants, and Texas Health Memorial Hospital. The updated space is fully retrofitted for dental use, featuring nitrous gas plumbed throughout the building. The functional layout includes a reception area, four exam operator rooms, two restrooms, and a private doctor’s office. Ample surface parking is available, along with monument signage. The property, situated on a 0.333-acre lot, is ideal for dental, medical, specialty practice, wellness, or professional office users seeking immediate occupancy.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Scott A. Morse DDS, ... Dental Office Dr. Ravi Doctor Dental Office Glenn Tommie C ... Dental Office Ravi Doctor DDS, ... Dental Office Ravi Doctor DDS ... Dental Office

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Daycare Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Arlington
    County
    Tarrant
    State
    Texas
    Longitude
    -97.121574
    Latitude
    32.726242

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    FAQs

    What type of property is this?
    Medical Office Space - Move-in ready medical suite near I-30 and Texas Health.
    Where is this medical office space located?
    The property is located at 1009 W Mitchell Street Arlington, TX.
    What is the lease rate?
    The lease rate is $2,100 /Mo.
    What are key features of this property?
    This property features: Move‑in ready medical suite, fully retrofitted for dental use with nitrous gas plumbed.; Prime Arlington location with quick access to I‑30, Entertainment District, restaurants, and Texas Health Memorial Hospital.; Functional layout: reception area, four exam rooms, two restrooms, private doctor’s office.
    (817) 701-4900
    We can help!
    Listing Contact
    Rebecca Ringer
    Real Estate License ID: 0565329
    Learn More
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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.

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