Freestanding Professional Office
For Sale
$749,900
5500 Woodland Park Boulevard, Arlington, TX 76013
CommercialSale, Arlington, TX
Property Size2,910 SF
Lot Size0.51 Acres
Price / SF$257.70
Days on Market47
Property Features for 5500 Woodland Park Boulevard
General Information
Property type
Commercial Sale
Property subtype
Office
Zoning description
Commercial
Parking features
Parking Lot, Open
Security features
Security
Subdivision
Shady Oaks Gardens Sub
Lot features
Back Yard, Corner Lot, Lawn, Landscaped, Level
Directions
GPS
Standard status
Active
APN
06601146
Lot size
0.51 Acres
Taxes and HOA fees
Tax Description
SHADY OAKS GARDENS SUBDIVISION BLOCK 2 LOT 3R
Tax Annual Amount
9182
Legal Description
SHADY OAKS GARDENS SUBDIVISION BLOCK 2 LOT 3R
Utilities
Sewer type
Public Sewer
Heating system
Central
Cooling system
Central Air
Water source
Public
Building Details
Year built
1995
Floors in Building
2
Number of units
1
Flooring type
Carpet, Tile
Building materials
Brick
Roof type
Composition
Listing Agency:
Heather S Konopka
(817) 715-1932
Listed By:
Heather Konopka · License #0453672
(817) 354-7653
Added: Jul 21
Changed: Sep 4
Last Checked: Sep 5 at 3:06PM
MLS# 21337832
Copyright © 2026 North Texas Real Estate Information Systems, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This freestanding brick office building contains approximately 2,910 square feet and includes a main level with private offices, reception and administrative areas, meeting space, and storage. A second floor was added after the original construction, expanding the usable configuration. Carpet and tile flooring, central heating and central air, public water, and public sewer serve the property.
The 0.51-acre site includes an open parking lot and additional land that may support parking or expansion, subject to verification. Capital improvements include a composition roof installed in 2017, two Lennox HVAC units added in 2019, foundation work completed in 2024 with a transferable warranty, and four sets of exterior fiberglass double French doors installed in 2024. Additional updates include plumbing, sewer, water-heating, and electrical work.
The 0.51-acre site includes an open parking lot and additional land that may support parking or expansion, subject to verification. Capital improvements include a composition roof installed in 2017, two Lennox HVAC units added in 2019, foundation work completed in 2024 with a transferable warranty, and four sets of exterior fiberglass double French doors installed in 2024. Additional updates include plumbing, sewer, water-heating, and electrical work.
Key Highlights
- Approximately 2,910 SF office building on a 0.51‑acre site
- Second floor added after the original 1995 construction
- Foundation work completed in 2024 with a transferable warranty
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 - Two-level office property with private rooms, reception areas, meeting space, and storage for business operations.
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: Approximately 2,910 SF office building on a 0.51‑acre site; Second floor added after the original 1995 construction; Foundation work completed in 2024 with a transferable warranty
