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    1861 Brown Blvd Arlington, TX 76006

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    For Lease
    Contact for pricing

    Arlington Retail Space - High Visibility

    Lot size:
    20,337 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    409
    Ascension Crossing, a thriving retail center in North Arlington, Tarrant County, Texas, offers exceptional opportunities for businesses seeking high-traffic locations. This 20,337 square foot strip center is anchored by a Kroger grocery store, ensuring consistent customer flow. The property boasts excellent visibility and accessibility from its prime corner location on Brown Boulevard, zip code 76006, with high traffic counts. Currently, there are 4,640 square feet of vacant space available, divisible into units as small as 800 square feet, with a maximum contiguous space of 1,920 square feet. Six spaces are available in total, ranging from 800 to 3,896 square feet. The center enjoys a strong tenant mix, including Uptown Beauty Supply, Fit Body Boot Camp, Steakway, Boost Mobile, and Texas Style Burgers & Wings, creating a vibrant and attractive shopping destination. One larger suite, approximately 5,250 square feet (Suite 300), will become available in October 2024. This property presents a unique chance to establish or expand your business in a well-established and highly visible retail environment within the desirable North Arlington submarket. The property address is 1861 Brown Blvd, Arlington, TX.

    Property Features for 1861 Brown Blvd

    General Information

    Property type
    Neighborhood centers
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    20,337 SF

    Unit(s) available at that property

    Space
    Suite 104
    Size
    800 SF
    Space
    Suite 217
    Size
    1,198 SF
    Space
    Suite 102C
    Size
    1,920 SF
    Space
    Suite 120
    Size
    3,896 SF
    Space
    Suite 102 B
    Size
    1,920 SF
    Space
    Suite 106
    Size
    1,188 SF

    We can help!

    Listing Contact
    Maury Levy
    Maury Levy

    Learn more

    HighLights

    • Retail‑Commercial street retail center in the North Arlington submarket of the Dallas/Fort Worth market.
    • 20,337 square foot strip center anchored by Kroger, located at 1861 Brown Blvd, Arlington, TX 76006.
    • High visibility corner location on Brown Boulevard with high traffic counts.
    • 4,640 square feet of vacant space available, divisible into units ranging from 800 to 1,920 square feet; six total spaces available, including one 5,250 square foot suite available October 2024.
    Property Profile Location Intelligence

    Current Use by Public Records

    DRAINZ PATROL PLUMBING Plumber PROMISE LAND DISPATCH ... Transportation Service Universal Painting Contractors Painter DROPPED 30 CLUB Sports Club PRESSON Circuit Modules, ... Electronics Company

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Dental Office Spa & Massage Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Arlington
    County
    Tarrant
    State
    Texas
    Longitude
    -97.0812336
    Latitude
    32.7742721

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    FAQs

    What type of property is this?
    Neighborhood center - Arlington Retail Space - High Visibility
    Where is this neighborhood center located?
    The property is located at 1861 Brown Blvd Arlington, TX.
    What are key features of this property?
    This property features: Retail-Commercial street retail center in the North Arlington submarket of the Dallas/Fort Worth market.; 20,337 square foot strip center anchored by Kroger, located at 1861 Brown Blvd, Arlington, TX 76006.; High visibility corner location on Brown Boulevard with high traffic counts.
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    Arlington, TX 76006
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1861 Brown Blvd Arlington, TX 76006
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    We can help!
    Listing Contact
    Maury Levy
    Maury Levy
    Real Estate License ID: TX 332717
    Learn more
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