Arlington Office Building For
For Sale
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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 Market142
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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
$6,602
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 27
Changed: Oct 13
Last Checked: Oct 14 at 11:59PM
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 / Yr
$303,656
Cap Rate
7.62%
Suggested Prices Based on Cap Rates
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
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 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.
How Realmo checks its estimates
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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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in South region
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.
