Office Building with Conference
New
For Sale
$550,000
2550 Legacy Point Drive, Arlington, TX 76006
Four private offices, a conference room, and a built-in kitchen support a professional workplace configuration.
Property Size2,614 SF
Price / SF$210.41
Days on Market2
Property Features for 2550 Legacy Point Drive
General Information
Standard status
Active
Size
2,614 SF
Property subtype
Office
Amenities
full kitchen
crown molding
directional lighting
Building Details
Year Built
2004
Listing Agency:
Texas Investment Real Estate G
(817) 469-1625
Listed By:
Jeff Cassell · License #0424395
(817) 988-7653
Source:
Lonestarluxuryrealty
Added: Sep 6
Changed: Sep 7
Last Checked: Sep 6 at 2:28PM
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 Texas Investment Real Estate G
Investment Insights
Based on property information with market context.
Constructed in 2004, this 2,614-square-foot office building includes four offices and a large conference room. The interior also provides a dedicated kitchen with a built-in microwave, range with oven, refrigerator, and extensive cabinet storage. Crown molding and directional lighting add defined interior finish details.
The property is located at 2550 Legacy Point Drive in Arlington, Texas. Its combination of private office rooms, meeting space, and kitchen facilities creates a functional layout for an owner-user or office occupancy.
The property is located at 2550 Legacy Point Drive in Arlington, Texas. Its combination of private office rooms, meeting space, and kitchen facilities creates a functional layout for an owner-user or office occupancy.
Key Highlights
- 2,614‑square‑foot office building completed in 2004
- Four offices plus a large conference room
- Kitchen includes built‑in microwave, range with oven, refrigerator, and cabinets
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
$40,465
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
7.36%
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%
$809,300
$809.3K
Cap Rate 7%
$578,071
$578.1K
Cap Rate 9%
$449,611
$449.6K
Market Conditions
NOI Build-Up for 2,614 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
$62.7K $24.00/SF
− Vacancy
−$8.8K −$3.36/SF
EGI
$54.0K $20.64/SF
− OpEx
−$13.5K −$5.16/SF
NOI
$40.5K $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%
$809,300
Cap Rate 7%
$578,071
Cap Rate 9%
$449,611
Alternative Uses
Best Use
Office B
$578.1K
$505.8K – $674.4K
NOI $40,465 @ 7.0% cap · market cap 7.36%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$770.8K
$674.4K – $899.2K
NOI $53,953 @ 7.0% cap · market cap 9.81%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
413
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 - Four private offices, a conference room, and a built-in kitchen support a professional workplace configuration.
Where is this office building located?
The property is located at 2550 Legacy Point Drive Arlington, TX.
What is the asking price?
The asking price for this property is $550,000.
What are key features of this property?
This property features: 2,614‑square‑foot office building completed in 2004; Four offices plus a large conference room; Kitchen includes built‑in microwave, range with oven, refrigerator, and cabinets
