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    The Largest CRE Database in the US with Over 1 Million Listings

    1525 W Randol Mill Rd Arlington, TX 76012

    Sponsored
    For Sale
    $194,500

    Improved Land - Arlington, TX

    Lot size:
    0.44 Acres
    Days on Market:
    4
    Last Refresh:
    Feb 12 at 10:06 pm

    Property Features for 1525 W Randol Mill Rd

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    APN
    00733563
    Lot size
    0.44 Acres

    Building Details

    Architectural style
    Other

    We can help!

    Listing Contact
    Sharon Hodnett
    Sharon Hodnett

    Keller Williams Southlake- Dallas DFW (DRO Management II, LLC) (817) 329-8850

    Listing agent Sharon Hodnett (817) 329-8850 License #0400242

    Listing date Feb 9, 2026

    MLS# 21030160 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.

    Learn more

    Property Insight Report

    Overview

    Arlington Land Opportunity

    The property consists of two separate lots, located at 1519 and 1525 W Randol Mill Road in Arlington, Texas. The lot at 1525 W Randol Mill is 0.438 acres, while the lot at 1519 is 0.475 acres. Each lot has approximately 110 feet of road frontage on W. Randol Mill Rd. The 1519 property is a corner lot with access to both West Randol Mill and Forrest streets. The lots can be purchased separately or together, offering a combined total of approximately 0.91 acres. A Chipotle is currently under construction next to the 1519 property. For residential development, the presence of large, mature oak trees provides substantial shade. The location is near two large retail centers, Fielder Plaza and Randol Mill West, which include a major grocer and various franchise-based food businesses. Wimbish World Language Academy, a grade school, is located across the street. The lots are situated approximately half a mile south of I-30, providing convenient access to Dallas, Fort Worth, and DFW airport, which is a 25-minute drive away. A 2019 traffic survey indicated a daily traffic count of 13,182 cars passing by the property. The current zoning is residential, allowing only one home per lot, with no multifamily development permitted. Neighbors would approve office buildings with rezoning.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Arlington
    County
    Tarrant
    State
    Texas
    Longitude
    -97.130737
    Latitude
    32.750582

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    FAQs

    What type of property is this?
    Residential land & home lot - Two adjacent lots available near retail and school.
    Where is this residential land & home lot located?
    The property is located at 1525 W Randol Mill Rd Arlington, TX.
    What is the asking price?
    The asking price for this property is $194,500.
    What are key features of this property?
    This property features: - Prime location near Fielder Plaza and Randol Mill West, at the intersection of Fielder & W. Randol Mill Rd.; - High traffic count (13,182 cars daily) offering excellent visibility.; - Convenient access to Dallas and Ft. Worth via I-30 and DFW airport.
    (817) 329-8850
    Request Owner's contact information
    1525 W Randol Mill Rd Arlington, TX 76012
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    Arlington, TX 76012
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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
    1525 W Randol Mill Rd Arlington, TX 76012
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    We can help!
    Listing Contact
    Sharon Hodnett
    Sharon Hodnett
    Real Estate License ID: 0400242
    (817) 329-8850 (817) 912-0700 (817) 994-7152
    Learn more
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