Fully Occupied Shopping
For Sale
Contact for pricing
3415 S Collins St, Arlington, TX 76014
Retail center with full occupancy and a mix of service-oriented and necessity-based tenants.
Property Size10,405 SF
Price / SF$228.74
Days on Market9
Property Features for 3415 S Collins St
General Information
Standard status
Active
Size
10,405 SF
Property subtype
Retail
Occupancy
100%
Lease Type
Gross
Investment Type
Stabilized
Net Operating Income
$153,404
Building Details
Year Built
2003
Tenancy
Multi
Listing Agency:
STRIVE Commercial Real Estate Advisors
Listed By:
Jennifer Pierson · License #424317-B
Source:
Crexi
Added: Aug 3
Changed: Aug 9
Last Checked: Aug 10 at 12:44PM
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.
This 10,405-square-foot shopping center was built in 2003 and is fully leased. The tenant roster includes service-oriented and necessity-based businesses, creating a varied retail and service mix within the property.
The center is located at 3415 S Collins St in Arlington, Texas, within an established trade area. Multiple tenants have operated at the property for several years, providing documented continuity at the site.
The center is located at 3415 S Collins St in Arlington, Texas, within an established trade area. Multiple tenants have operated at the property for several years, providing documented continuity at the site.
Key Highlights
- 10,405‑square‑foot shopping center
- 100% occupied retail property
- Built in 2003
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
$167,421
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
7.03%
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%
$3,348,420
$3.3M
Cap Rate 7%
$2,391,729
$2.4M
Cap Rate 9%
$1,860,233
$1.9M
Market Conditions
NOI Build-Up for 10,405 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
$251.0K $24.12/SF
− Vacancy
−$11.8K −$1.13/SF
EGI
$239.2K $22.99/SF
− OpEx
−$71.8K −$6.90/SF
NOI
$167.4K $16.09/SF
Area
ZIP 76014
Vacancy
4.70%
Lease Rate
$24.12 /SF/Yr
Expense Ratio
30.00%
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%
$3,348,420
Cap Rate 7%
$2,391,729
Cap Rate 9%
$1,860,233
Alternative Uses
Best Use
Retail
$2.39M
$2.09M – $2.79M
NOI $167,421 @ 7.0% cap · market cap 7.03%
Second Best
—
—
no second resolved use
Theoretical Best
Warehouse
$2.76M
$2.41M – $3.22M
NOI $193,058 @ 7.0% cap · market cap 8.11%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
261
Businesses Nearby
135k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 55%
Shops & Services 45%
Whataburger
Dining
31,791 visits/mo
0.5 miles
RaceTrac
Shops & Services
26,629 visits/mo
0.3 miles
Starbucks
Dining
15,560 visits/mo
0.4 miles
Taco Casa
Dining
14,588 visits/mo
0.4 miles
7-Eleven
Shops & Services
12,458 visits/mo
0.4 miles
Demographics for 76014, TX
35,954
Population
11,274
Households
3.2
Avg Household Size
32
Median Age
18%
College-Educated
76%
High-School Grad
5.7 sq mi
ZIP Area
6,308
Density / Sq Mi
$63,196
Median Household Income
$34,129
Median Earnings
$1,516
Median Rent
$217,600
Median Home Value
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
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Frequently Asked Questions
What type of property is this?
Shopping center - Retail center with full occupancy and a mix of service-oriented and necessity-based tenants.
Where is this shopping center located?
The property is located at 3415 S Collins St Arlington, TX.
What is the asking price?
The asking price for this property is $2,380,000.
What are key features of this property?
This property features: 10,405‑square‑foot shopping center; 100% occupied retail property; Built in 2003
