Two-Unit Office
For Sale
Contact for pricing
721 W Division St, Arlington, TX 76012
Two flexible office units in a 3,750 SF building built in 1963, zoned DNO-GC with ample on-site parking.
Property Size3,750 SF
Price / SF$173.33
Days on Market376
Property Features for 721 W Division St
General Information
Standard status
Active
Size
3,750 SF
Property subtype
OFFICE
Zoning
DNO-GC
Building Details
Year Built
1963
Buildings
1
Building Size
3,750 SF
Listing Agency:
SVN | Dunn Commercial
(817) 829-2828
Listed By:
David Dunn · License #0375841
(817) 829-2828
Source:
Moodyscre
Added: Jul 21, 2025
Changed: Jul 30
Last Checked: Jul 31 at 12:52PM
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 SVN | Dunn Commercial
Investment Insights
Based on property information with market context.
This two-unit office building offers versatile use in a 3,750 SF layout. Built in 1963, the property is zoned DNO-GC, supporting flexible operating options for an office tenant or multiple users.
Located at 721 W Division St in Arlington, TX 76012, the building is positioned for convenient access to the Arlington area. It also offers ample parking for staff and clients, with close proximity to Downtown Arlington and UTA.
With two units, the property can support a single-tenant office configuration or separate uses under one roof, depending on how space needs are planned.
Located at 721 W Division St in Arlington, TX 76012, the building is positioned for convenient access to the Arlington area. It also offers ample parking for staff and clients, with close proximity to Downtown Arlington and UTA.
With two units, the property can support a single-tenant office configuration or separate uses under one roof, depending on how space needs are planned.
Key Highlights
- Two unit office building for versatile use
- 3,750 SF total building size
- Built in 1963
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 | $90.0k | $24.00 |
| − Vacancy | −$12.6k | −$3.36 |
| EGI | $77.4k | $20.64 |
| − OpEx | −$19.4k | −$5.16 |
| NOI | $58.1k | $15.48 |
3,750 SF · lease $24.00/SF/yr · vacancy 14.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$829.3K
$725.6K – $967.5K
NOI $58,050 @ 7.0% cap · market cap 8.93%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.11M
$967.5K – $1.29M
NOI $77,400 @ 7.0% cap · market cap 11.91%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
872
Businesses Nearby
Explore this area
Business Placement
Demographics for 76012, TX
27,080
Population
11,538
Households
2.3
Avg Household Size
40
Median Age
43%
College-Educated
90%
High-School Grad
8.2 sq mi
ZIP Area
3,302
Density / Sq Mi
$84,468
Median Household Income
$44,933
Median Earnings
$1,307
Median Rent
$292,200
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 units - Two flexible office units in a 3,750 SF building built in 1963, zoned DNO-GC with ample on-site parking.
Where is this office units located?
The property is located at 721 W Division St Arlington, TX.
What is the asking price?
The asking price for this property is $650,000.
What are key features of this property?
This property features: Two unit office building for versatile use; 3,750 SF total building size; Built in 1963
