Freestanding Office Building with Meeting
5500 Woodland Park Boulevard Arlington, TX 76013
New
For Sale
$749,900
Well-maintained freestanding office building with private offices, reception, meeting space, and recent exterior and systems upgrades.
Property Size2,910 SF
Price / SF$257.70
Days on Market5
Property Features for 5500 Woodland Park Boulevard
General Information
- Standard status
- Active
- Size
- 2,910 SF
- Property subtype
- Office
Building Details
- Year Built
- 1995
Listing Agency:
Heather S Konopka
(817) 715-1932
Listed By:
Heather Konopka · License #0453672
(817) 715-1932
Source:
Xome
Added: Jul 20
Changed: Jul 24
Last Checked: Jul 24 at 5:44AM
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 Heather S Konopka
Investment Insights
Based on property information with market context.
5500 Woodland Park Blvd is a well-maintained professional office building originally built in 1995. The property includes private offices, reception and administrative areas, meeting space, and storage. A second floor was later added to provide additional office space and flexibility for storage for an owner-user or investor.
The building has undergone multiple capital improvements, including a new roof in 2017, two new Lennox HVAC units installed in 2019, foundation work completed in 2024 with a transferable warranty, and four sets of new exterior fiberglass double French doors installed in 2024. Plumbing updates include two new toilets in 2024, sewer line repairs in 2022, and a new hot water heater with an alarm in 2017, along with a new kitchen faucet in 2017. Electrical improvements completed in 2017 included replacement of lighting ballasts and additional work involving breakers and electrical lines.
The property is described as offering convenient access to surrounding businesses, residential neighborhoods, restaurants, and major thoroughfares, and includes additional land for parking or expansion. Buyers and their agents should independently verify all measurements, zoning, permitted uses, and property information.
The building has undergone multiple capital improvements, including a new roof in 2017, two new Lennox HVAC units installed in 2019, foundation work completed in 2024 with a transferable warranty, and four sets of new exterior fiberglass double French doors installed in 2024. Plumbing updates include two new toilets in 2024, sewer line repairs in 2022, and a new hot water heater with an alarm in 2017, along with a new kitchen faucet in 2017. Electrical improvements completed in 2017 included replacement of lighting ballasts and additional work involving breakers and electrical lines.
The property is described as offering convenient access to surrounding businesses, residential neighborhoods, restaurants, and major thoroughfares, and includes additional land for parking or expansion. Buyers and their agents should independently verify all measurements, zoning, permitted uses, and property information.
Key Highlights
- Freestanding professional office building built in 1995 with approx. 2,910 SF (per appraiser)
- Added a second floor for additional office space and flexible storage for an owner‑user or investor
- Recent capital improvements: new roof (2017), foundation work with transferable warranty (2024), and 4 sets of new exterior fiberglass double French doors (2024)
Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $69.8k | $24.00 |
| − Vacancy | −$9.8k | −$3.36 |
| EGI | $60.1k | $20.64 |
| − OpEx | −$15.0k | −$5.16 |
| NOI | $45.0k | $15.48 |
2,910 SF · lease $24.00/SF/yr · vacancy 14.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$643.5K
$563.1K – $750.8K
NOI $45,047 @ 7.0% cap · market cap 6.01%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$858.0K
$750.8K – $1.00M
NOI $60,062 @ 7.0% cap · market cap 8.01%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
International Convention of Faith ...
Association / Organization
FAQs
What type of property is this?
Office building - Well-maintained freestanding office building with private offices, reception, meeting space, and recent exterior and systems upgrades.
Where is this office building located?
The property is located at 5500 Woodland Park Boulevard Arlington, TX.
What is the asking price?
The asking price for this property is $749,900.
What are key features of this property?
This property features: Freestanding professional office building built in 1995 with approx. 2,910 SF (per appraiser); Added a second floor for additional office space and flexible storage for an owner‑user or investor; Recent capital improvements: new roof (2017), foundation work with transferable warranty (2024), and 4 sets of new exterior fiberglass double French doors (2024)
