Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    The Largest CRE Database in the US with Over 1 Million Listings

    501 Rita Ln Arlington, TX 76014

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Lease
    Contact for pricing

    Medical office space adjacent to Medical City of Arlington.

    Property size:
    1,583 SF
    Lot size:
    1.91 Acres

    Property Features for 501 Rita Ln

    General Information

    Size
    1,583 SF
    Lot size
    1.91 Acres

    We can help!

    Listing Contact
    Chris Lipscomb
    Chris Lipscomb
    Source: Moodyscre

    Listing Agency: Transwestern Dallas Listing Agent: Chris Lipscomb

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    Medical Office Space For Rent

    This property offers medical office space for rent. It is located adjacent to Medical City of Arlington. The property features common area restrooms and a waiting area. A covered patient drop-off area is available. Building signage is also available. Convenient surface parking is provided. The property size is 1583 square feet.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Sardar Winfred A MD Physician Pearl Skin Care ... Medical Clinic Timothy Phi Tien ... Physician Srinivas Paranandi Physician Ralph G Cipriano, ... Physician

    Suggested Use

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

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

    Similar Places Nearby

    Animal Health Care Center, Cyndi Rachal DVM, Tracie Kretzschman

    Location Insight

    • Map
    • Local Demand
    City
    Arlington
    County
    Tarrant
    State
    Texas
    Longitude
    -97.1123023
    Latitude
    32.6949091

    Nearby Similar for Lease

    • New
      $1,200 /Mo
      16,814 SF

      Arlington Office Space Available

      Office space for medical or professional use in Arlington.
      2335 W Green Oaks Blvd, Arlington, TX 76016
      View Details
    • $2,300 /Mo
      14,505 SF

      Arlington Medical Office Suite

      Move-in ready medical suite near I-30 and Texas Health Hospital.
      1009 W Mitchell St, Arlington, TX 76013
      View Details
    • New
      $10 SF/Yr
      655,404 SF

      Arlington Church Campus for Lease

      Versatile church campus with rooms for lease in Arlington.
      2045 SE Green Oaks Blvd, Arlington, TX 76017
      View Details
    • $3,400 /Mo
      7,013 SF

      Office Flex Warehouse in Arlington

      Conveniently located office flex warehouse with easy freeway access.
      1018 W Main St W, Arlington, TX 76013
      View Details
    • New
      $3,500 /Mo
      2,300 SF

      Office Space in Arlington, TX

      Office space available for lease in Arlington, Texas.
      2401 W Green Oaks Blvd, Arlington, TX 76016
      View Details
    • $800 /Mo
      501 SF

      Retail Space in Arlington, TX

      Retail space available for lease in Arlington, Texas.
      302 S Bowen Rd, Arlington, TX 76013
      View Details
    • $2,000 /Mo
      40,293 SF

      Class A Office Space Available

      Professional office space with flexible layout and included amenities.
      1300 W Randol Mill Rd, Arlington, TX 76012
      View Details
    • $3,000 /Mo
      48,395 SF

      Affordable Office Space in Pantego

      Commercial space for lease in as-is condition, great location.
      2003 W Arkansas Ln, Arlington, TX 76013
      View Details
    • $650 /Mo
      18,252 SF

      Arlington Commercial Leasing Opportunity

      Prime location near Downtown Arlington, UTA, and major corridors.
      801 E Abram St, Arlington, TX 76010
      View Details
    • $3,000 /Mo
      5,000 SF

      Arlington Warehouse Sublease Opportunity

      Warehouse sublease available in Arlington, TX, with owner approval.
      3430 Dalworth St, Arlington, TX 76011
      View Details
    • $7,148 /Mo
      3,574 SF

      Arlington Commercial Medical Office Space

      Freestanding building with lobby, reception, exam rooms, and parking.
      1800 W Pioneer Pkwy, Arlington, TX 76001
      View Details
    • $750 /Mo
      31,999 SF

      Arlington Retail Space For Rent

      Retail space available in Shady Valley Plaza, Arlington, TX.
      3603 W Park Row Dr, Arlington, TX 76013
      View Details

    FAQs

    What type of property is this?
    Medical Office Space - Medical office space adjacent to Medical City of Arlington.
    Where is this medical office space located?
    The property is located at 501 Rita Ln Arlington, TX.
    What are key features of this property?
    This property features: - Adjacent to Medical City of Arlington; - Covered patient drop off; - Building signage available
    (214) 237-5022 Call to check price and availability
    Request Owner's contact information
    501 Rita Ln Arlington, TX 76014
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    501 Rita Ln
    Arlington, TX 76014
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    501 Rita Ln Arlington, TX 76014
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Chris Lipscomb
    Chris Lipscomb
    Real Estate License ID: 590120
    (214) 237-5022 (972) 774-2500
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!