Building Details

Building Size 7,350 SF

Year Built 1981

Listing Agency: Keller Williams Lonestar DFW

Listed By: Bruce Henderson · License #0619362 Show Phone

Source: Nilesrealtygroup

Added: Jul 20 Changed: Oct 14 Last Checked: Oct 21 at 2:55AM

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Investment Insights

Based on property information with market context.

This centrally located office building is well suited for medical, office, and professional services. The property is currently 80 percent occupied, with one suite available to lease. Tenant amenities include a monument sign and security cameras.

The building’s convenient Arlington location is designed to support business access, and it offers plenty of parking for visitors and staff.

As currently configured, the property provides multiple occupied suites and one additional leasing opportunity within the existing office building footprint.

Key Highlights

• Office building built in 1981 in central Arlington
• Currently 80% occupied with one suite available to lease
• Plentiful on‑site parking for tenants

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$95,256

Cap Rate

7.94%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$1,905,120 $1.9M

Cap Rate 7%

$1,360,800 $1.4M

Cap Rate 9%

$1,058,400 $1.1M

Is this asking price fair?

Market Conditions

NOI Build-Up for 7,350 SF

Gross rent

$176.4K $24.00/SF

− Vacancy

−$17.6K −$2.40/SF

EGI

$158.8K $21.60/SF

− OpEx

−$63.5K −$8.64/SF

NOI

$95.3K $12.96/SF

Area

Arlington, TX

Vacancy

10.00%

Lease Rate

$24.00 /SF/Yr

Expense Ratio

40.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$1,905,120

Cap Rate 7%

$1,360,800

Cap Rate 9%

$1,058,400

Alternative Uses

Best Use

Office B

$1.63M

$1.42M – $1.90M (±1% cap)

NOI $113,778 @ 7.0% cap · market cap 9.48%

Second Best

Healthcare Medical

$1.36M

$1.19M – $1.59M (±1% cap)

NOI $95,256 @ 7.0% cap · market cap 7.94%

Theoretical Best

Office A

$2.17M

$1.90M – $2.53M (±1% cap)

NOI $151,704 @ 7.0% cap · market cap 12.64%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

Contact the owner directly Get the owner's phone numbers and email

Open Analytics

Current Use

Office buildings

Suggested Use

Top Pick Bakery Parking Lot & Garage Daycare Center Cafe & Coffee Shop Travel Agency Veterinary Clinic

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

80%

Occupancy

Location Intelligence

Trade Area within ½ mile

790

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

14.4% 2019

16.4% 2020

17.3% 2021

18% 2022

18.6% 2023

20.3% 2024

20.2% 2025

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Frequently Asked Questions

What type of property is this?

Office building - Central Arlington office building offers plentiful parking and security cameras, with one suite available to lease.

Where is this office building located?

The property is located at 736 N Fielder Road Arlington, TX.

What is the asking price?

The asking price for this property is $1,200,000.

What are key features of this property?

This property features: Office building built in 1981 in central Arlington; Currently 80% occupied with one suite available to lease; Plentiful on‑site parking for tenants