Versatile Arlington Property with
For Sale
Contact for pricing
1841 W Division St, Arlington, TX 76012
Showroom, office, warehouses, and land on 2.65 acres.
Property Size35,000 SF
Lot Size2.65 Acres
Price / SF$123.57
Days on Market682
Property Features for 1841 W Division St
General Information
Standard status
Active
Size
35,000 SF
Class
C
Lot size
2.65 Acres
Property subtype
Industrial
Zoning
LI - Light Industrial
Investment Type
Value Add
Building Details
Year Built
1979
Buildings
2
Stories
1
Listing Agency:
Compass Commercial - Ulterre Group
(817) 335-7575
Listed By:
Lee M. Owen · License #TX 0651966
Source:
Crexi
Added: Oct 18, 2024
Changed: Aug 15
Last Checked: Aug 29 at 8:52PM
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 Compass Commercial - Ulterre Group
Investment Insights
Based on property information with market context.
Located in Arlington, Texas, this property at 1841 W Division St offers a versatile space suitable for investors or users. The property includes showroom, office space, warehouses, and land. The total land area spans 2.65 acres, with a gross building area of 35,000 square feet. The property is zoned LI - Light Industrial, offering potential for various business uses. Building A comprises 15,000 square feet, with 8,021 square feet dedicated to office and showroom space. It features a 15-foot clear height, concrete construction, and two 10-foot by 10-foot grade-level doors. Building B offers 20,000 square feet with ceiling heights ranging from 17 to 21 feet and seven grade-level doors. Ample parking is available. The property is located in the western portion of Arlington, approximately 21 miles west of the Dallas CBD and approximately 9 miles east of downtown Fort Worth, providing access to major transportation routes. The University of Texas at Arlington is located southeast of the property. The buildings have good exposure and excellent access to the surrounding Metroplex.
Key Highlights
- Versatile property with 2.65 acres of land and 35,000 SF gross building area
- Favorable LI - Light Industrial zoning
- Excellent access to major transportation routes, located ±21 miles west of Dallas CBD and ±9 miles east of downtown Fort Worth.
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
$226,939
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
5.25%
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%
$4,538,780
$4.5M
Cap Rate 7%
$3,241,986
$3.2M
Cap Rate 9%
$2,521,544
$2.5M
Market Conditions
NOI Build-Up for 35,000 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
$348.6K $9.96/SF
− Vacancy
−$24.4K −$0.70/SF
EGI
$324.2K $9.26/SF
− OpEx
−$97.3K −$2.78/SF
NOI
$226.9K $6.48/SF
Area
Arlington, TX
Vacancy
7.00%
Lease Rate
$9.96 /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%
$4,538,780
Cap Rate 7%
$3,241,986
Cap Rate 9%
$2,521,544
Alternative Uses
Best Use
Industrial
$3.24M
$2.84M – $3.78M
NOI $226,939 @ 7.0% cap · market cap 5.25%
Second Best
Flex RnD
$3.01M
$2.63M – $3.51M
NOI $210,729 @ 7.0% cap · market cap 4.87%
Theoretical Best
Office A
$10.32M
$9.03M – $12.04M
NOI $722,400 @ 7.0% cap · market cap 16.70%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
612
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 76012, TX
27,080
Population
11,538
Households
2.3
Avg Household Size
40
Median Age
43%
College-Educated
90%
High-School Grad
8.2 sq mi
ZIP Area
3,302
Density / Sq Mi
$84,468
Median Household Income
$44,933
Median Earnings
$1,307
Median Rent
$292,200
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
- A La Carte Contractors & Replacement Cakes — 2205 W Division St, Arlington, TX 76012
- Awesome catering DFW — 2205 W Division St Suite A5, Arlington, TX 76012
Frequently Asked Questions
What type of property is this?
Flex space - Showroom, office, warehouses, and land on 2.65 acres.
Where is this flex space located?
The property is located at 1841 W Division St Arlington, TX.
What is the asking price?
The asking price for this property is $4,325,000.
What are key features of this property?
This property features: Versatile property with **2.65 acres of land and 35,000 SF gross building area**; Favorable LI - Light Industrial zoning; Excellent access to major transportation routes, located ±21 miles west of Dallas CBD and ±9 miles east of downtown Fort Worth.
