Arlington Office Building For
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2121 Avenue J, Arlington, TX 76006
17,158 SF office building in Arlington, Texas.
Property Size17,158 SF
Lot Size1.28 Acres
Price / SF$200
Days on Market1394
Property Features for 2121 Avenue J
General Information
Standard status
Active
Size
17,158 SF
Class
B
Lot size
1.28 Acres
Property subtype
Office
Investment Type
Owner/User
Building Details
Tenancy
Single
Listing Agency:
Michael Morris Company
(732) 797-9001
Listed By:
michael morris · License #TX 9009865
Source:
Crexi
Added: Nov 8, 2022
Changed: Aug 16
Last Checked: Aug 31 at 6:52AM
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 Michael Morris Company
Investment Insights
Based on property information with market context.
This 17,158 square foot mid-rise Class B office building is located in Arlington, Texas. Situated on a 1.28-acre lot in the Brookhollow Commons area, the property offers a single-tenant occupancy configuration. The location provides access to I-30 and Highway 360. The property is near AT&T Stadium, Globe Life Park, and Six Flags Over Texas. Its central location offers access to both Fort Worth (approximately 17 miles west) and Dallas (approximately 17 miles east). The building's design caters to executive office, medical office, or traditional office uses.
Key Highlights
- 17,158 SF Class B office building suitable for single‑tenant occupancy.
- Strategic location with convenient access to I‑30 and Highway 360.
- Versatile design suitable for executive, medical, or traditional 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
$265,606
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
7.74%
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%
$5,312,120
$5.3M
Cap Rate 7%
$3,794,371
$3.8M
Cap Rate 9%
$2,951,178
$3.0M
Market Conditions
NOI Build-Up for 17,158 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
$411.8K $24.00/SF
− Vacancy
−$57.7K −$3.36/SF
EGI
$354.1K $20.64/SF
− OpEx
−$88.5K −$5.16/SF
NOI
$265.6K $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%
$5,312,120
Cap Rate 7%
$3,794,371
Cap Rate 9%
$2,951,178
Alternative Uses
Best Use
Office B
$3.79M
$3.32M – $4.43M
NOI $265,606 @ 7.0% cap · market cap 7.74%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$5.06M
$4.43M – $5.90M
NOI $354,141 @ 7.0% cap · market cap 10.32%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,605
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 - 17,158 SF office building in Arlington, Texas.
Where is this office building located?
The property is located at 2121 Avenue J Arlington, TX.
What is the asking price?
The asking price for this property is $3,431,600.
What are key features of this property?
This property features: 17,158 SF Class B office building suitable for single‑tenant occupancy.; Strategic location with convenient access to I‑30 and Highway 360.; Versatile design suitable for executive, medical, or traditional office use.
