Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Arlington Flex/Industrial Space Available Title is generated by Realmo AI

    2238 Michigan Ave, Arlington, TX

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Lease
    Contact for pricing

    2500 square feet of flex/industrial space for rent.

    Type:FLEX_R_AND_D
    Property size:
    2,500 SF
    Lot size:
    1.48 Acres
    Added:
    Apr 30, 2024
    Days on Market:
    740
    Last Refresh:
    Apr 5 at 9:25 pm

    Property Features for 2238 Michigan Ave

    General Information

    Standard status
    Active
    Size
    2,500 SF
    Lot size
    1.48 Acres
    Property subtype
    FLEX_R_AND_D

    Spaces For Lease

    at 2238 Michigan Ave Contact us

    We can help!

    Listing Contact
    Corby Hodgkiss
    Corby Hodgkiss

    Listing agent Corby Hodgkiss

    Listing office Mercer Company

    Listing date Apr 30, 2024

    Source Moodyscre

    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 Mercer Company

    HighLights

    • 2500 square feet of space available
    • Flex space to suit your business needs
    • Industrial space ready for your operations
    • For rent, inquire for pricing and availability

    Overview

    This property offers 2500 square feet of flex and industrial space. Located in Arlington, Texas, at 2238 Michigan Ave, it is available for rent.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Quilt Among Friends (Bike/Boat/Book/etc) Store Reliance Bio Med ... Medical Supply Store Q Motorcars of Texas ... Car Dealership HealthQuest Exams Occupational Health Service Walter T. Eidson, ... Alternative Medicine Practice

    Suggested Use

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

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

    Similar Places Nearby

    • Law and Smoke — 3630 W Pioneer Pkwy, Arlington, TX 76013

    Location Insight

    • Map
    • Local Demand
    City
    Arlington
    County
    Tarrant
    State
    Texas
    Longitude
    -97.1575
    Latitude
    32.7074

    Nearby Similar for Lease

    • $2,200/Mo

      Updated Office Space in Arlington

      Updated commercial space ideal for professional uses in central Arlington.
      1311 W Abram Street, Arlington, TX 76013
      View Details
    • $650/Mo

      Arlington Commercial Leasing Opportunity

      Prime location near Downtown Arlington, UTA, and major corridors.
      801 E Abram Street, Arlington, TX 76010
      View Details
    • $2,400/Mo

      Arlington Office Space For Lease

      Well-maintained office space in east Arlington with immediate occupancy.
      1313 W Abram Street, Arlington, TX 76013
      View Details
    • $2,100/Mo

      Arlington Medical Office Suite

      Move-in ready medical suite near I-30 and Texas Health.
      1009 W Mitchell Street, Arlington, TX 76013
      View Details
    • $1,900/Mo

      Class A Office Space

      Professional office space with natural light and included amenities.
      1300 W Randol Mill Road, Arlington, TX 76012
      View Details
    • $4,400/Mo

      Office Space Near Downtown Arlington

      Office space available in Arlington, suitable for various professional uses.
      1307 W Abram Street, Arlington, TX 76013
      View Details
    • $1,140/Mo

      Office Space in Arlington, TX

      Convenient office space near downtown Arlington, suitable for various professionals.
      1307 W Abram Street, Arlington, TX 76013
      View Details
    • $5,943/Mo

      Move-in Ready Arlington Office Space

      Office space suitable for service-based businesses and office users.
      2608 Matlock Road, Arlington, TX 76015
      View Details
    • $3,400/Mo

      Office Flex Warehouse in Arlington

      Conveniently located office flex warehouse with easy freeway access.
      1018 W Main Street W, Arlington, TX 76013
      View Details
    • $3,000/Mo

      Arlington Warehouse Sublease Opportunity

      Warehouse sublease available in Arlington, TX, with owner approval.
      3430 Dalworth, Arlington, TX 76011
      View Details
    • $10 SF/Yr

      Arlington Church Campus for Lease

      Versatile church campus with rooms for lease, ideal for businesses.
      2045 SE Green Oaks Boulevard, Arlington, TX 76017
      View Details
    • $1,200/Mo

      Pantego Office Space Available

      Single-story office building with updated suites and included utilities.
      3600 W Pioneer Parkway, Pantego, TX 76013
      View Details

    FAQs

    What type of property is this?
    Flex space - 2500 square feet of flex/industrial space for rent.
    Where is this flex space located?
    The property is located at 2238 Michigan Ave Arlington, TX.
    What is the lease rate?
    The lease rate is $10 SF/Yr.
    What are key features of this property?
    This property features: 2500 square feet of space available; Flex space to suit your business needs; Industrial space ready for your operations
    (469) 360-3918 Call to check price and availability
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Corby Hodgkiss
    Corby Hodgkiss
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    2238 Michigan Ave, Arlington, TX
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!