Freestanding Retail Building with Flex
For Sale
$2,500,000
3001 Cooper, Arlington, TX 76015
Freestanding building with turnkey salon layout, second-level flex space, monument signage, and ample parking.
Property Size7,160 SF
Price / SF$349.16
Days on Market18
Property Features for 3001 Cooper
General Information
Standard status
Active
Size
7,160 SF
Property subtype
Business
Amenities
monument signage
Building Details
Year Built
1960
Stories
2
Listing Agency:
DFW Elite Living
(214) 506-0634
Listed By:
Rene Jensen · License #0720823
(214) 532-6823
Source:
Lonestarluxuryrealty
Added: Jul 26
Changed: Aug 11
Last Checked: Aug 12 at 6:10AM
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 DFW Elite Living
Investment Insights
Based on property information with market context.
Highly visible freestanding commercial building located on South Cooper Street in Arlington. The property is currently configured as a turnkey salon with an open-concept layout, plus an additional second-level flex space.
On-site monument signage and ample parking support customer access, while the surrounding area includes both retail and residential demographics. The existing layout can serve salon operators immediately, or be converted to a range of service-oriented uses such as retail, office, medical, wellness, fitness, educational, restaurant, or similar businesses.
On-site monument signage and ample parking support customer access, while the surrounding area includes both retail and residential demographics. The existing layout can serve salon operators immediately, or be converted to a range of service-oriented uses such as retail, office, medical, wellness, fitness, educational, restaurant, or similar businesses.
Key Highlights
- ±2,160 SF freestanding commercial building on South Cooper Street in Arlington
- Configured as a turnkey salon with an open‑concept layout for immediate occupancy
- Second‑level flex space adds versatility for expansion or alternative uses
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$98,586
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
3.94%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,971,720
$2.0M
Cap Rate 7%
$1,408,371
$1.4M
Cap Rate 9%
$1,095,400
$1.1M
Market Conditions
NOI Build-Up for 7,160 SF
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.
Gross rent
$147.8K $20.64/SF
− Vacancy
−$6.9K −$0.97/SF
EGI
$140.8K $19.67/SF
− OpEx
−$42.3K −$5.90/SF
NOI
$98.6K $13.77/SF
Area
Arlington, TX
Vacancy
4.70%
Lease Rate
$20.64 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,971,720
Cap Rate 7%
$1,408,371
Cap Rate 9%
$1,095,400
Alternative Uses
Best Use
Retail
$1.41M
$1.23M – $1.64M
NOI $98,586 @ 7.0% cap · market cap 3.94%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.11M
$1.85M – $2.46M
NOI $147,782 @ 7.0% cap · market cap 5.91%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,501
Businesses Nearby
569k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Dining 31%
Superstores 28%
Shops & Services 19%
Apparel 18%
Target
Superstores
156,821 visits/mo
0.3 miles
Macy's
Apparel
93,263 visits/mo
0.4 miles
Raising Cane's Chicken Fingers
Dining
43,879 visits/mo
0.1 miles
RaceTrac
Shops & Services
26,862 visits/mo
0.4 miles
Chili's Grill & Bar
Dining
26,388 visits/mo
0.3 miles
Demographics for 76015, TX
17,185
Population
7,027
Households
2.4
Avg Household Size
36
Median Age
27%
College-Educated
90%
High-School Grad
4.3 sq mi
ZIP Area
3,997
Density / Sq Mi
$70,912
Median Household Income
$37,835
Median Earnings
$1,608
Median Rent
$236,200
Median Home Value
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Retail space - Freestanding building with turnkey salon layout, second-level flex space, monument signage, and ample parking.
Where is this retail space located?
The property is located at 3001 Cooper Arlington, TX.
What is the asking price?
The asking price for this property is $2,500,000.
What are key features of this property?
This property features: ±2,160 SF freestanding commercial building on South Cooper Street in Arlington; Configured as a turnkey salon with an open‑concept layout for immediate occupancy; Second‑level flex space adds versatility for expansion or alternative uses
