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    500 Border St Arlington, TX 76010

    Sponsored
    For Sale
    $24,977,975

    Class A Office Building, High Cap Rate

    Property size:
    271,078 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional Class A office building, the Chase Bank Tower, presents a compelling investment opportunity in Arlington, Texas. Located at 500 E Border St, 76010, this multi-tenant property boasts 271,078 square feet situated on an expansive 11.01-acre lot. Built in 1983, the building offers a strong 8.00% capitalization rate and a current NOI of $1,957,439, with an asking price of $24,977,975. The current occupancy rate stands at 62.8%, presenting significant upside potential. The price per square foot is $92.14, considerably below replacement cost. A key strength is the presence of JP Morgan Chase as a significant anchor tenant, occupying the property since 2006. The property benefits from its convenient location near the Arlington Entertainment District, including AT&T Stadium, Texas Live!, Six Flags, and Globe Life. The building features Class A interior finishes and a newly added grab-and-go eatery in the lobby. Furthermore, three new long-term leases, averaging eight years remaining, contribute nearly 17% to the current occupancy. The average current rental rate is $19.03 per square foot. This property offers a rare combination of strong cash flow, significant upside potential, and a prime location in a thriving market.

    Property Features for 500 Border St

    General Information

    Property type
    Office Properties & Spaces
    Square Feet
    271,078 SF
    Class
    A
    Lot Size
    479,596 SF

    Building Details

    Year Built
    1983

    HighLights

    • 8.00% Go‑In Cap Rate.
    • $90.27 per square foot price, well below replacement cost.
    • Significant upside potential with 63% occupancy.
    • Current average rental rate: $19.03 per square foot.
    • JPMorgan Chase anchor tenant since 2006.
    • Convenient to Arlington Entertainment District (AT&T Stadium, Texas Live!, Six Flags, Globe Life Field).
    Property Profile Location Intelligence

    Current Use by Public Records

    Franchise Opportunities Services Business Broker Arlington Garage Door ... Door Supplier Ace Hardware Spring ... Spring Supplier Image 212 Sign ... Sign Shop G & R Gutter ... Gutter Cleaning Service

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Arlington
    County
    Tarrant
    State
    Texas
    Longitude
    -97.1018626
    Latitude
    32.7327941

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    FAQs

    What type of property is this?
    Office Property / Space - Class A Office Building, High Cap Rate
    Where is this office property / space located?
    The property is located at 500 Border St Arlington, TX.
    What is the asking price?
    The asking price for this property is $24,977,975.
    What are key features of this property?
    This property features: 8.00% Go-In Cap Rate.; $90.27 per square foot price, well below replacement cost.; Significant upside potential with 63% occupancy.
    (469) 844-8884
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    500 Border St Arlington, TX 76010
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    Arlington, TX 76010
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    Realmo Value Estimation

    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.

    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.

    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
    500 Border St Arlington, TX 76010
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