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    Corner Condo Office Suites Title is generated by Realmo AI

    1402 W Mayfield Road, Arlington, TX 76015

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    For Lease
    $700 /Mo

    COMMERCIAL - Arlington, TX

    Type:Office
    Lot size:
    0.05 Acres
    Added:
    May 27, 2026
    Days on Market:
    9
    Last Refresh:
    Jun 4 at 1:06 pm

    Property Features for 1402 W Mayfield Road

    General Information

    Property type
    Commercial Lease
    Property subtype
    Office
    Parking features
    Parking Lot, Assigned
    Standard status
    Active
    APN
    40620891
    Lot size
    0.05 Acres

    Taxes and HOA fees

    Tax Description
    MAYFIELD COOPER STATION OFFICE LOT 400 .0553%

    Utilities

    Sewer type
    Public Sewer
    Heating system
    Central, Electric (Heating)
    Cooling system
    Ceiling Fan(s), Central Air, Electric
    Water source
    Public

    Building Details

    Year built
    2004
    Floors in Building
    1
    Number of units
    1
    Flooring type
    Tile, Carpet
    Building materials
    Brick, Rock, Stone
    Roof type
    Composition

    We can help!

    Listing Contact
    Brad Cunningham
    Brad Cunningham

    Listing agent Brad Cunningham License #0661078

    Listing office DFW Fine Properties Southlake, TX

    Listing date May 27, 2026

    MLS# 21115505

    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

    • Corner‑unit condo office offers three separate offices available for rent: lease one, lease two, or take all three.
    • Office #1: 11 x 12 with two windows; furnished with a desk, office chair, and two visitors chairs.
    • Office #2: 9 x 11 with one window; currently empty.
    • Office #3: 11 x 13 with two windows; currently empty.
    • Shared amenities include a 10 x 10 kitchenette (built‑in cabinets, mini refrigerator, sink, microwave) and a 10 x 12 waiting area.
    • Property includes a 6 x 8 bathroom with built‑in cabinets; attic is fully decked for storage at an additional cost.

    Overview

    This is a corner unit condo office setup with three individual offices available for rent. The suite includes Office #1, measuring 11 x 12 with two windows and furnished with a desk, office chair, and two visitor chairs. Office #2 is 9 x 11 with one window and is currently empty. Office #3 is 11 x 13 with two windows and is also currently empty. Shared amenities include a 10 x 10 kitchenette with built-in cabinets, a mini refrigerator, sink, and microwave, plus a 10 x 12 waiting area and a 6 x 8 bathroom with built-in cabinets. Additional storage is available in a fully decked attic for an added cost.

    The space is located at 1402 W Mayfield Road in Arlington, TX 76015. The owner prefers a 12-month lease but will consider other options, so prospective tenants should inquire with the listing agent regarding flexibility.

    This configuration is well suited for small professional teams or independent operators who want private offices while sharing everyday support space. Tenants can lease one office, lease two, or take all three depending on staffing needs, and the option for attic storage can help keep day-to-day materials organized.
    Property Profile Location Intelligence

    Current Use by Public Records

    VIA Insurance Agency Insurance Agency Fair Housing Advocates, ... Charitable Organization VIA INSURANCE AGENCY Insurance Agency Attorney Andrea W. ... Law Firm Healing Things Gym & Fitness Center

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Arlington
    County
    Tarrant
    State
    Texas
    Longitude
    -97.130555
    Latitude
    32.691817

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    FAQs

    What type of property is this?
    Office units - Corner unit offers three rentable offices with shared kitchenette, waiting area, and a dedicated bathroom.
    Where is this office units located?
    The property is located at 1402 W Mayfield Road Arlington, TX.
    What is the lease rate?
    The lease rate is $700 /Mo.
    What are key features of this property?
    This property features: Corner‑unit condo office offers three separate offices available for rent: lease one, lease two, or take all three.; Office #1: 11 x 12 with two windows; furnished with a desk, office chair, and two visitors chairs.; Office #2: 9 x 11 with one window; currently empty.
    (817) 648-1656
    We can help!
    Listing Contact
    Brad Cunningham
    Brad Cunningham
    Real Estate License ID: 0661078
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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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