Office
For Sale
Contact for pricing
623 W Main Street, Arlington, TX 76010
Two office units are currently available within the property.
Property Size15,562 SF
Price / SF$0.03
Days on Market85
Property Features for 623 W Main Street
General Information
Standard status
Active
Size
15,562 SF
Property subtype
Commercial
Building Details
Year Built
1965
Listing Agency:
JPAR - Central Metro
(817) 504-2759
Listed By:
Farah Elam · License #0694147
(972) 836-9295
Source:
Dallasandbeyond
Added: Jul 26
Changed: Oct 15
Last Checked: Oct 16 at 8:25AM
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 JPAR - Central Metro
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Investment Insights
Based on property information with market context.
This office property includes 15,562 square feet of commercial space and was constructed in 1965. Two office units remain available for acquisition within the property.
The asset is located at 623 W Main Street in downtown Arlington, Texas, providing a central urban setting for office operations. Its established building vintage and multiple-unit configuration offer a straightforward commercial office profile for buyers evaluating space in the area.
The asset is located at 623 W Main Street in downtown Arlington, Texas, providing a central urban setting for office operations. Its established building vintage and multiple-unit configuration offer a straightforward commercial office profile for buyers evaluating space in the area.
Key Highlights
- Two office units remain available
- 15,562‑square‑foot commercial property
- Constructed in 1965
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$238,883
Suggested Prices Based on Cap Rates
Cap Rate 5%
$4,777,660
$4.8M
Cap Rate 7%
$3,412,614
$3.4M
Cap Rate 9%
$2,654,256
$2.7M
Market Conditions
NOI Build-Up for 15,562 SF
Gross rent
$388.4K $24.96/SF
− Vacancy
−$69.9K −$4.49/SF
EGI
$318.5K $20.47/SF
− OpEx
−$79.6K −$5.12/SF
NOI
$238.9K $15.35/SF
Area
ZIP 76010
Vacancy
18.00%
Lease Rate
$24.96 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$4,777,660
Cap Rate 7%
$3,412,614
Cap Rate 9%
$2,654,256
Alternative Uses
Best Use
Office B
$3.41M
$2.99M – $3.98M
NOI $238,883 @ 7.0% cap · market cap 59,720.75%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$4.48M
$3.92M – $5.23M
NOI $313,730 @ 7.0% cap · market cap 78,432.50%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,878
Businesses Nearby
Explore this area
Business Placement
Demographics for 76010, TX
55,894
Population
20,508
Households
2.7
Avg Household Size
29
Median Age
13%
College-Educated
65%
High-School Grad
8.8 sq mi
ZIP Area
6,352
Density / Sq Mi
$43,811
Median Household Income
$31,236
Median Earnings
$1,223
Median Rent
$199,200
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Office units - Two office units are currently available within the property.
Where is this office units located?
The property is located at 623 W Main Street Arlington, TX.
What are key features of this property?
This property features: Two office units remain available; 15,562‑square‑foot commercial property; Constructed in 1965
