Freestanding Office Building with
5500 Woodland Park Boulevard Arlington, TX 76013
New
5500 Woodland Park Boulevard, Arlington, TX, 76013
$749,900
For Sale
$749,900
SINGLE_FAMILY - Arlington, TX
Property Size2,910 SF
Lot Size0.51 Acres
Price / SF$257.70
Days on Market2
Property Features for 5500 Woodland Park Boulevard
General Information
- Property type
- Residential
- Property subtype
- Office
- Parking features
- Parking Lot, Open
- Security features
- Security
- 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
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) 715-1932
Added: Jul 21 Updated: Jul 22 at 2:53AM Checked: Jul 22 at 6:06AM
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.
5500 Woodland Park Boulevard is a well-maintained freestanding professional office building originally built in 1995. According to an appraiser, it contains approximately 2,910 square feet, and a second floor was later added to provide additional office space and flexible storage for an owner-user or investor.
The interior includes private offices, reception and administrative areas, meeting space, and storage. A range of capital improvements support day-to-day functionality, including a new roof in 2017, two Lennox HVAC units installed in 2019, and foundation work completed in 2024 with a transferable warranty. In 2024, the building also received four sets of new exterior fiberglass double French doors, along with two new toilets. Additional updates include sewer line repairs in 2022, a new hot water heater with an alarm in 2017, and electrical improvements completed in 2017 involving lighting ballasts and additional work related to breakers and electrical lines.
The property is set on 0.51 acres and offers convenient access to surrounding businesses, residential neighborhoods, restaurants, and major thoroughfares, with additional land for parking or expansion. Buyer and buyer’s agent should independently verify all measurements, zoning, permitted uses, and property information.
The interior includes private offices, reception and administrative areas, meeting space, and storage. A range of capital improvements support day-to-day functionality, including a new roof in 2017, two Lennox HVAC units installed in 2019, and foundation work completed in 2024 with a transferable warranty. In 2024, the building also received four sets of new exterior fiberglass double French doors, along with two new toilets. Additional updates include sewer line repairs in 2022, a new hot water heater with an alarm in 2017, and electrical improvements completed in 2017 involving lighting ballasts and additional work related to breakers and electrical lines.
The property is set on 0.51 acres and offers convenient access to surrounding businesses, residential neighborhoods, restaurants, and major thoroughfares, with additional land for parking or expansion. Buyer and buyer’s agent should independently verify all measurements, zoning, permitted uses, and property information.
Key Highlights
- Freestanding professional office building with approx. 2,910 SF, built in 1995 with a second floor added later
- Private offices, reception/administrative areas, meeting space, and storage
- Central heating and central air; two new Lennox HVAC units installed in 2019
Local 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
Property Profile
Location Intelligence
Current Use by Public Records
International Convention of Faith ...
Religious Organization
Similar For Sale Nearby
FAQs
What type of property is this?
Office building - Well-maintained office building with private offices, reception, meeting space, and storage, plus a later-added second floor.
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 with approx. 2,910 SF, built in 1995 with a second floor added later; Private offices, reception/administrative areas, meeting space, and storage; Central heating and central air; two new Lennox HVAC units installed in 2019
