Freestanding Office Building with Meeting
For Sale
$749,900
5500 Woodland Park Boulevard, Arlington, TX 76013
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 Market49
Property Features for 5500 Woodland Park Boulevard
General Information
Standard status
Active
Size
2,910 SF
Property subtype
Office
Taxes and HOA fees
Annual Taxes
$9,182
Amenities
3
Level
Sidewalks. Curbs Walk, Level.
Building Details
Year Built
1995
Stories
2
Listing Agency:
Heather S Konopka
Listed By:
Heather Konopka · License #0453672
(817) 715-1932
Source:
Xome
Added: Jul 21
Changed: Sep 1
Last Checked: Sep 7 at 5:45AM
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
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
$45,047
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
6.01%
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%
$900,940
$900.9K
Cap Rate 7%
$643,529
$643.5K
Cap Rate 9%
$500,522
$500.5K
Market Conditions
NOI Build-Up for 2,910 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
$69.8K $24.00/SF
− Vacancy
−$9.8K −$3.36/SF
EGI
$60.1K $20.64/SF
− OpEx
−$15.0K −$5.16/SF
NOI
$45.0K $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%
$900,940
Cap Rate 7%
$643,529
Cap Rate 9%
$500,522
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 authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
184
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
Questions? Ask Rey
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Frequently Asked Questions
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)
