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Versatile Arlington Property with Warehouses

1841 W Division St Arlington, TX 76012

1841 W Division St, Arlington, TX, 76012
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Showroom, office, warehouses, and land on 2.65 acres.

Property Size35,000 SF
Lot Size2.65 Acres
Price / SF$123.57
AddedOct 18, 2024
Days on Market636
Last RefreshJul 15 at 12:22 pm

Property Features for 1841 W Division St

General Information

Standard status
Active
Size
35,000 SF
Lot size
2.65 Acres
Property subtype
Industrial

Building Details

Year Built
1979

Listing office Compass Commercial - Ulterre Group

Listing date Oct 18, 2024

Source Crexi

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 Compass Commercial - Ulterre Group


Investment Insights

Based on property information with market context.

Located in Arlington, Texas, this property at 1841 W Division St offers a versatile space suitable for investors or users. The property includes showroom, office space, warehouses, and land. The total land area spans 2.65 acres, with a gross building area of 35,000 square feet. The property is zoned LI - Light Industrial, offering potential for various business uses. Building A comprises 15,000 square feet, with 8,021 square feet dedicated to office and showroom space. It features a 15-foot clear height, concrete construction, and two 10-foot by 10-foot grade-level doors. Building B offers 20,000 square feet with ceiling heights ranging from 17 to 21 feet and seven grade-level doors. Ample parking is available. The property is located in the western portion of Arlington, approximately 21 miles west of the Dallas CBD and approximately 9 miles east of downtown Fort Worth, providing access to major transportation routes. The University of Texas at Arlington is located southeast of the property. The buildings have good exposure and excellent access to the surrounding Metroplex.

Key Highlights

  • Versatile property with 2.65 acres of land and 35,000 SF gross building area
  • Favorable LI - Light Industrial zoning
  • Excellent access to major transportation routes, located ±21 miles west of Dallas CBD and ±9 miles east of downtown Fort Worth.

Local Financial Insights For Warehouse

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 $348.6k $9.96
− Vacancy −$24.4k −$0.70
EGI $324.2k $9.26
− OpEx −$48.6k −$1.39
NOI $275.6k $7.87
35,000 SF · lease $9.96/SF/yr · vacancy 7.00% · expense 15.00%

Alternative Uses

Best Use
Office B
$7.74M
$6.77M – $9.03M (±1% cap)
NOI $541,800 @ 7.0% cap · market cap 12.53%
Second Best
Warehouse
$3.94M
$3.44M – $4.59M (±1% cap)
NOI $275,568 @ 7.0% cap · market cap 6.37%
Theoretical Best
Office A
$10.32M
$9.03M – $12.04M (±1% cap)
NOI $722,400 @ 7.0% cap · market cap 16.70%
Zoning and permitted uses should be independently verified with local authorities.

Property Analytics

Property Profile Location Intelligence

Current Use by Public Records

Flex space

Suggested Use

Real Estate Agency Grocery & Convenience Store Parking Lot & Garage Cafe & Coffee Shop Furniture & Home Goods Daycare Center Spa & Massage Center (Bike/Boat/Book/etc) Store Food Market (Bike/Boat/Book/etc) Store

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

FAQs

What type of property is this?
Flex space - Showroom, office, warehouses, and land on 2.65 acres.
Where is this flex space located?
The property is located at 1841 W Division St Arlington, TX.
What is the asking price?
The asking price for this property is $4,325,000.
What are key features of this property?
This property features: Versatile property with **2.65 acres of land and 35,000 SF gross building area**; Favorable LI - Light Industrial zoning; Excellent access to major transportation routes, located ±21 miles west of Dallas CBD and ±9 miles east of downtown Fort Worth.
Contact an agent
(817) 335-7575 Call to check price and availability
More about this property
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