Small-Bay Industrial
400 N BOWEN RD, Arlington, TX 76012
For Sale
Contact for pricing
Multi-tenant suites pair warehouse space with a limited office component and dock- and grade-level loading.
Property Size37,680 SF
Price / SF$132.70
Days on Market23
Property Features for 400 N BOWEN RD
General Information
Standard status
Size
Property subtype
Occupancy
Warehouse & Industrial
Clear Height
Dock-High Doors
Drive-In Doors
Additional Details
Tenant in Place
Property Use
Building Details
Year Built
Building Size
Tenancy
Listing Agency:
SLJ Company
Listed By:
Ty Underwood · License TX #419172
(214) 274-8707
Source:
Crexi
Added: Oct 22
Changed: Nov 12
Last Checked: Nov 12 at 8:22AM
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 SLJ Company
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Investment Insights
Based on property information with market context.
Bowen Business Park is a multi-tenant industrial property in Arlington, Texas, with approximately 37,680 square feet across small-bay suites. Built in 1973, the property averages approximately 1,178 square feet per suite and has a 5% office and 95% warehouse finish. Loading is provided by 29 grade-level doors and 4 dock-high doors; the building has 12-foot clear height and a concrete parking lot.
The property is north of W Division Street, between I-20 and I-30. Current occupancy is 84.3%, and the average remaining lease term is under 12 months. The site is positioned in an infill industrial area with 6.6% submarket vacancy and no net new supply projected through 2030.
The property is north of W Division Street, between I-20 and I-30. Current occupancy is 84.3%, and the average remaining lease term is under 12 months. The site is positioned in an infill industrial area with 6.6% submarket vacancy and no net new supply projected through 2030.
Key Highlights
- Approximately 37,680 square feet across multi‑tenant industrial suites
- Average suite size of approximately 1,178 square feet
- 29 grade‑level doors and 4 dock‑high doors
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$296,669
Cap Rate
5.93%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$5,933,380
$5.9M
Cap Rate 7%
$4,238,129
$4.2M
Cap Rate 9%
$3,296,322
$3.3M
Market Conditions
NOI Build-Up for 37,680 SF
Gross rent
$375.3K $9.96/SF
− Vacancy
−$26.3K −$0.70/SF
EGI
$349.0K $9.26/SF
− OpEx
−$52.4K −$1.39/SF
NOI
$296.7K $7.87/SF
Area
Arlington, TX
Vacancy
7.00%
Lease Rate
$9.96 /SF/Yr
Expense Ratio
15.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$5,933,380
Cap Rate 7%
$4,238,129
Cap Rate 9%
$3,296,322
Alternative Uses
Best Use
Warehouse
$4.24M
$3.71M – $4.94M
NOI $296,669 @ 7.0% cap · market cap 5.93%
Second Best
Industrial
$3.49M
$3.05M – $4.07M
NOI $244,316 @ 7.0% cap · market cap 4.89%
Theoretical Best
Office A
$11.11M
$9.72M – $12.96M
NOI $777,715 @ 7.0% cap · market cap 15.55%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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See the owner, sales and loan history
Open Analytics
Current Use
Lease Details
12 ft
Clear height
4
Dock-high doors
29
Drive-in doors
84.3%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
527
Businesses Nearby
Explore this area
Business Placement
Demographics for 76012, TX
27,080
Population
11,538
Households
2.3
Avg Household Size
40
Median Age
43%
College-Educated
90%
High-School Grad
8.2 sq mi
ZIP Area
3,302
Density / Sq Mi
$84,468
Median Household Income
$44,933
Median Earnings
$1,307
Median Rent
$292,200
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Properties on Market for Industrial properties in Arlington
Vacancy Rate% for Industrial in South region
Frequently Asked Questions
What type of property is this?
Industrial property - Multi-tenant suites pair warehouse space with a limited office component and dock- and grade-level loading.
Where is this industrial property located?
The property is located at 400 N BOWEN RD Arlington, TX.
What is the asking price?
The asking price for this property is $5,000,000.
What are key features of this property?
This property features: Approximately 37,680 square feet across multi‑tenant industrial suites; Average suite size of approximately 1,178 square feet; 29 grade‑level doors and 4 dock‑high doors
