Arlington Office Building For
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2005 NE Green Oaks Blvd, Arlington, TX 76006
Premier office building in Arlington, Texas, with GSA tenant.
Property Size19,616 SF
Lot Size2.15 Acres
Price / SF$203.15
Days on Market101
Property Features for 2005 NE Green Oaks Blvd
General Information
Standard status
Active
Size
19,616 SF
Lot size
2.15 Acres
Property subtype
Office
Occupancy
43%
Investment Type
Owner/User
Net Operating Income
$10,607
Building Details
Year Built
2006
Tenancy
Single
Listing Agency:
STRIVE Commercial Real Estate Advisors
Listed By:
Jennifer Pierson · License #424317-B
Source:
Crexi
Added: May 22
Changed: Aug 8
Last Checked: Aug 28 at 8:49PM
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 STRIVE Commercial Real Estate Advisors
Investment Insights
Based on property information with market context.
Green Oaks Offices II is an office building in Arlington, Texas, within the Dallas-Fort Worth MSA. Constructed in 2006, the property contains 19,616 square feet and is situated on 2.15 acres. It offers visibility with frontage on NE Green Oaks Boulevard. The property is currently 44% leased to a GSA tenant through 2038, providing income potential for investors or additional revenue for owner-users. The adaptable floor plan makes it suitable for office or medical office users. Located 5 miles from DFW International Airport, the property offers regional accessibility with direct access to Highway 360 and I-30. The location benefits from being in a high-growth pocket of the Dallas-Fort Worth metroplex, with 5% projected population growth in the 5-mile radius through 2030. The property is also within 2.5 miles of Six Flags Over Texas, AT&T Stadium, Choctaw Stadium, Globe Life Field, and the Texas Live Entertainment District.
Key Highlights
- Long‑term, stable income potential from GSA tenant lease through 2038.
- Excellent location with high visibility on NE Green Oaks Boulevard.
- Adaptable floor plan suitable for office or medical office use.
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
$303,656
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
7.62%
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%
$6,073,120
$6.1M
Cap Rate 7%
$4,337,943
$4.3M
Cap Rate 9%
$3,373,956
$3.4M
Market Conditions
NOI Build-Up for 19,616 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
$470.8K $24.00/SF
− Vacancy
−$65.9K −$3.36/SF
EGI
$404.9K $20.64/SF
− OpEx
−$101.2K −$5.16/SF
NOI
$303.7K $15.48/SF
Area
Arlington, TX
Vacancy
14.00%
Lease Rate
$24.00 /SF/Yr
Expense Ratio
25.00%
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%
$6,073,120
Cap Rate 7%
$4,337,943
Cap Rate 9%
$3,373,956
Alternative Uses
Best Use
Office B
$4.34M
$3.80M – $5.06M
NOI $303,656 @ 7.0% cap · market cap 7.62%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$5.78M
$5.06M – $6.75M
NOI $404,874 @ 7.0% cap · market cap 10.16%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
505
Businesses Nearby
Explore this area
Business Placement
Demographics for 76006, TX
25,320
Population
13,815
Households
1.8
Avg Household Size
33
Median Age
37%
College-Educated
91%
High-School Grad
7.6 sq mi
ZIP Area
3,332
Density / Sq Mi
$55,216
Median Household Income
$41,743
Median Earnings
$1,344
Median Rent
$286,900
Median Home Value
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office building - Premier office building in Arlington, Texas, with GSA tenant.
Where is this office building located?
The property is located at 2005 NE Green Oaks Blvd Arlington, TX.
What is the asking price?
The asking price for this property is $3,985,000.
What are key features of this property?
This property features: Long‑term, stable income potential from GSA tenant lease through 2038.; Excellent location with high visibility on NE Green Oaks Boulevard.; Adaptable floor plan suitable for office or medical office use.
