Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Commercial Land Near Green Oaks Title is generated by Realmo AI

    2021 SE Green Oaks Blvd, Arlington, TX 76018

    View on Map
    Claim this Listing
    For Sale
    Contact for pricing

    Commercial land with high traffic count near major thoroughfares.

    Type:Land
    Added:
    Jul 16, 2024
    Days on Market:
    687
    Last Refresh:
    May 12 at 9:51 pm

    Property Features for 2021 SE Green Oaks Blvd

    General Information

    Standard status
    Active
    Property subtype
    Land

    We can help!

    Listing Contact
    Karam Khalil
    Karam Khalil

    Listing agent Karam Khalil License #9016033

    Listing office KHALiL REAL ESTATE

    Listing date Jul 16, 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 KHALiL REAL ESTATE

    HighLights

    • High Traffic Count: 39,242 Vehicles Per Day (VPD) at the intersection
    • Excellent Frontage: ±153’ on Green Oaks Blvd
    • Proximity to Major Highways: One minute to Highway‑360 and three minutes to Interstate‑20
    • Surrounded by Traffic Generators: O’Reilly Auto Parts, CVS, La Roux’s Creole Café, Creekside Animal Hospital, and Creekside Plaza Shopping Center
    • Versatile Usage Potential: Suitable for shopping center, medical building, urgent care, and more
    • Substantial Depth: ±235’ depth

    Overview

    This commercial land is located near the intersection of New York Avenue and Green Oaks Boulevard, which features a combined traffic count of 39,242 vehicles per day. The property has approximately 153 feet of frontage on Green Oaks Boulevard and a depth of approximately 235 feet. It is located a one-minute drive from Highway-360 and three minutes south of Interstate-20. Nearby traffic generators include O’Reilly Auto Parts, CVS, La Roux’s Creole Café, and Creekside Animal Hospital. The surrounding area features a variety of uses, including industrial business parks and Creekside Plaza Shopping Center. The location is suitable for a stand-alone shopping center, medical building, or urgent care facility.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon

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

    Location Insight

    • Map
    • Local Demand
    City
    Arlington
    County
    Tarrant
    State
    Texas
    Longitude
    -97.075016
    Latitude
    32.6560694

    Nearby Similar for Sale

    • $875,000
      4,098 SF

      Two Single-Story Office Buildings

      Two well-maintained single-story offices offer flexible professional space with reception, private offices, and conference areas.
      1311/1313 W Abram Street, Arlington, TX 76013
      View Details
    • $760,000
      2,665 SF

      Turnkey Assisted Living Facility

      Fully operational, updated 6-bed assisted living facility ready for immediate operation.
      715 Buttermilk Drive, Arlington, TX 76006
      View Details
    • $5,347,000
      45,000 SF

      Arlington Office Campus For Sale

      Dual-building office campus in Arlington's Entertainment District.
      2660 E Lamar Boulevard, Arlington, TX 76011
      View Details
    • $2,900,000

      Corner Lot Office Building

      Rare income-producing office property on a corner lot with parking revenue tied to major Arlington events.
      2101 E Randol Mill Road, Arlington, TX 76011
      View Details
    • $1,300,000

      Fully Leased Multi-Tenant Retail Building

      Stable, fully leased multi-tenant retail asset on a high-visibility corridor, attractive for long-term investor income.
      2712-2720 W Division St, Arlington, TX 76012
      View Details
    • $610,000

      Arlington Corner Property For Sale

      Corner property in Arlington, Texas, suitable for investment or operation.
      2335 W Green Oaks Boulevard, Arlington, TX 76016
      View Details
    • $1,265,000

      Arlington Commercial Land For Sale

      1.9 acres of commercial land in prime Arlington location.
      1100 Milby Road, Arlington, TX 76013
      View Details
    • $1,650,000

      7.5 Acres Commercial Land Opportunity

      Prime commercial land in a high-demand Arlington location.
      2045 Green Oaks Boulevard SE, Arlington, TX 76017
      View Details
    • $300,000
      1,396 SF

      Side-by-Side Duplex Rental Portfolio

      A fully leased 8-unit duplex portfolio offering rental income with most leases scheduled to expire in May 2026.
      307 Elliott Street, Arlington, TX 76013
      View Details
    • $300,000
      1,396 SF

      Side-by-Side Duplex Rental Portfolio

      Eight fully leased units in four side-by-side duplexes offer a turnkey rental portfolio for long-term investors.
      311 Elliott Street, Arlington, TX 76013
      View Details
    • $575,000

      Development Land with Major Visibility

      Over 4.5 acres with strong visibility and traffic on W Sublett Rd, ready for residential or commercial development.
      2120 W Sublett Road, Arlington, TX 76017
      View Details
    • $325,000

      Freestanding Office Building with Fenced Yard

      Commercially zoned building with a fenced yard, kitchen, shower bath, fireplace, and recently installed HVAC for owner-operator use.
      117 E Park Row Drive, Arlington, TX 76010
      View Details

    FAQs

    What type of property is this?
    Commercial land - Commercial land with high traffic count near major thoroughfares.
    Where is this commercial land located?
    The property is located at 2021 SE Green Oaks Blvd Arlington, TX.
    What is the asking price?
    The asking price for this property is $380,000.
    What are key features of this property?
    This property features: High Traffic Count: 39,242 Vehicles Per Day (VPD) at the intersection; Excellent Frontage: ±153’ on Green Oaks Blvd; Proximity to Major Highways: One minute to Highway‑360 and three minutes to Interstate‑20
    (817) 881-2662 Call to check price and availability
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Karam Khalil
    Karam Khalil
    Real Estate License ID: 9016033
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    2021 SE Green Oaks Blvd, Arlington, TX 76018
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!