Flex Warehouse with Office
New
For Sale
$998,000
1008 W Main Street, Arlington, TX 76013
Open-span warehouse gymnasium with attached office/classroom area, private restrooms, parking, and storage buildings.
Property Size5,332 SF
Price / SF$187.17
Days on Market7
Property Features for 1008 W Main Street
General Information
Standard status
Active
Size
5,332 SF
Property subtype
Commercial
Amenities
secured playground with commercial-grade equipment
two storage buildings
kitchenette
reception lobby
Building Details
Building Size
5,332 SF
Year Built
1968
Listing Agency:
Vanja Gaither, Broker
(817) 449-8080
Listed By:
Vanja Gaither
(817) 449-8080
Source:
Signaturere
Added: Jul 24
Changed: Jul 25
Last Checked: Jul 28 at 6:21PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Vanja Gaither, Broker
Investment Insights
Based on property information with market context.
This property is currently configured as a church and private school, with a versatile open-span warehouse gymnasium and an attached office/classrooms area. The open-span space includes a private restroom and supports flexible use for assembly, recreation, training, or warehouse operations. The attached area is laid out with five classrooms or private offices, a reception lobby, administrative office, kitchenette, and two additional restrooms.
Set in Downtown Arlington within the newly adopted Form-Based Zoning District, the property is surrounded by significant public and private investment associated with a city-approved $60 million redevelopment initiative for the area. It offers ample parking and exterior amenities including a secured playground with commercial-grade equipment and two storage buildings. The location is within walking distance of The University of Texas at Arlington and Downtown Arlington.
A new survey will be required for the purchase. Buyers and agents should independently verify zoning, permitted uses, redevelopment opportunities, and development requirements with the City of Arlington, along with all dimensions and specifications.
Set in Downtown Arlington within the newly adopted Form-Based Zoning District, the property is surrounded by significant public and private investment associated with a city-approved $60 million redevelopment initiative for the area. It offers ample parking and exterior amenities including a secured playground with commercial-grade equipment and two storage buildings. The location is within walking distance of The University of Texas at Arlington and Downtown Arlington.
A new survey will be required for the purchase. Buyers and agents should independently verify zoning, permitted uses, redevelopment opportunities, and development requirements with the City of Arlington, along with all dimensions and specifications.
Key Highlights
- 1968‑built commercial property in Downtown Arlington within the newly adopted Form‑Based Zoning District.
- ~3,000 SF open‑span warehouse gymnasium with private restroom for flexible assembly, recreation, training, or warehouse use.
- Attached ~2,400 SF office/classroom area with five classrooms/private offices, reception lobby, administrative office, kitchenette, and two additional restrooms.
Financial Insights For Warehouse
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $53.1k | $9.96 |
| − Vacancy | −$3.7k | −$0.70 |
| EGI | $49.4k | $9.26 |
| − OpEx | −$7.4k | −$1.39 |
| NOI | $42.0k | $7.87 |
5,332 SF · lease $9.96/SF/yr · vacancy 7.00% · expense 15.00%
Alternative Uses
Best Use
Warehouse
$599.7K
$524.8K – $699.7K
NOI $41,981 @ 7.0% cap · market cap 4.21%
Second Best
Industrial
$493.9K
$432.2K – $576.2K
NOI $34,572 @ 7.0% cap · market cap 3.46%
Theoretical Best
Office A
$1.57M
$1.38M – $1.83M
NOI $110,052 @ 7.0% cap · market cap 11.03%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
2,043
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 76013, TX
36,535
Population
14,431
Households
2.5
Avg Household Size
32
Median Age
43%
College-Educated
91%
High-School Grad
9.0 sq mi
ZIP Area
4,059
Density / Sq Mi
$67,333
Median Household Income
$31,613
Median Earnings
$1,267
Median Rent
$287,000
Median Home Value
Market
Vacancy Rate% for Industrial in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- Silver Tray Staffing — Arlington, TX 76010
Frequently Asked Questions
What type of property is this?
Flex space - Open-span warehouse gymnasium with attached office/classroom area, private restrooms, parking, and storage buildings.
Where is this flex space located?
The property is located at 1008 W Main Street Arlington, TX.
What is the asking price?
The asking price for this property is $998,000.
What are key features of this property?
This property features: 1968‑built commercial property in Downtown Arlington within the newly adopted Form‑Based Zoning District.; ~3,000 SF open‑span warehouse gymnasium with private restroom for flexible assembly, recreation, training, or warehouse use.; Attached ~2,400 SF office/classroom area with five classrooms/private offices, reception lobby, administrative office, kitchenette, and two additional restrooms.
