Office Suite with
For Sale
Contact for pricing
2403 Cales Drive B & C, Arlington, TX 76013
Shared facilities include two half baths and a common sink.
Property Size2,084 SF
Price / SF$0.67
Days on Market11
Property Features for 2403 Cales Drive B & C
General Information
Standard status
Active
Size
2,084 SF
Property subtype
Office
Additional Details
Property Use
Office
Building Details
Year Built
1978
Listing Agency:
Magnorum Realty Services, LLC
Listed By:
James McDonald
(817) 487-7728
Source:
Magnorumrealty
Added: Oct 19
Changed: Oct 28
Last Checked: Oct 28 at 3:39PM
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 Magnorum Realty Services, LLC
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 2,084-square-foot office property, built in 1978, contains four private offices and a reception area. A shared common area provides two half baths and a sink for occupants.
The property is located at 2403 Cales Drive B & C in Arlington, Texas.
The property is located at 2403 Cales Drive B & C in Arlington, Texas.
Key Highlights
- 2,084 square feet of office space
- Four offices and a reception area
- Common area with two half baths and a sink
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$32,260
Suggested Prices Based on Cap Rates
Cap Rate 5%
$645,200
$645.2K
Cap Rate 7%
$460,857
$460.9K
Cap Rate 9%
$358,444
$358.4K
Market Conditions
NOI Build-Up for 2,084 SF
Gross rent
$50.0K $24.00/SF
− Vacancy
−$7.0K −$3.36/SF
EGI
$43.0K $20.64/SF
− OpEx
−$10.8K −$5.16/SF
NOI
$32.3K $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%
$645,200
Cap Rate 7%
$460,857
Cap Rate 9%
$358,444
Alternative Uses
Best Use
Office B
$460.9K
$403.3K – $537.7K
NOI $32,260 @ 7.0% cap · market cap 2,304.29%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$614.5K
$537.7K – $716.9K
NOI $43,014 @ 7.0% cap · market cap 3,072.43%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
908
Businesses Nearby
Explore this area
Business Placement
Demographics for 76013, TX
36,535
Population
14,431
Households
2.5
Avg Household Size
32
Median Age
43%
College-Educated
91%
High-School Grad
9.0 sq mi
ZIP Area
4,059
Density / Sq Mi
$67,333
Median Household Income
$31,613
Median Earnings
$1,267
Median Rent
$287,000
Median Home Value
Market
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Office unit - Shared facilities include two half baths and a common sink.
Where is this office unit located?
The property is located at 2403 Cales Drive B & C Arlington, TX.
What are key features of this property?
This property features: 2,084 square feet of office space; Four offices and a reception area; Common area with two half baths and a sink
