Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    1861 Brown Blvd Arlington, TX 76006

    Property Lookup

    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    1861 Brown Blvd Arlington, TX 76006

    View on Map
    • Neighborhood centers
    • 20,337 SF
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • DRAINZ PATROL PLUMBING / Plumbing Service / General Contractor
    • PROMISE LAND DISPATCH SERVICE / Freight Service / Logistics Company
    • Universal Painting Contractors / Painting Service / General Contractor
    • DROPPED 30 CLUB / Gym & Fitness Center / Sports Field & Court
    • PRESSON Circuit Modules, Inc. / Corporate Office

    Property Details for 1861 Brown Blvd

    Property size
    20,337 SF
    Property type
    Neighborhood centers
    Property subtype
    Retail properties & Spaces

    Description

    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.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Arlington
    County
    Tarrant
    State
    Texas
    Longitude
    -97.0812
    Latitude
    32.7743

    Comparable in this City

    • Value Estimation by Request
      25,999 SF

      Green Oaks Blvd

      Neighborhood centers • 25,999 SF
      0 Green Oaks Blvd, Arlington, TX 76006
      View Details
    • Value Estimation
      $820,000
      36,616 SF

      2425 Grn Oaks Blvd

      SHOPPING CENTER, STRIP CENTER • 36,616 SF
      2425 Grn Oaks Blvd, Arlington, TX 76006-2732
      View Details
    • Value Estimation by Request
      8,400 SF

      1800 Baird Farm Rd

      SHOPPING CENTER, STRIP CENTER • 8,400 SF
      1800 Baird Farm Rd, Arlington, TX 76006-7314
      View Details
    • Value Estimation by Request
      5,506 SF

      2520 Grn Oaks Blvd

      SHOPPING CENTER, STRIP CENTER • 5,506 SF
      2520 Grn Oaks Blvd, Arlington, TX 76006-3027
      View Details
    • Value Estimation
      $985,000
      37,011 SF

      2504 Grn Oaks Blvd

      SHOPPING CENTER, STRIP CENTER • 37,011 SF
      2504 Grn Oaks Blvd, Arlington, TX 76006
      View Details
    • Value Estimation
      $970,000
      26,305 SF

      821 Grn Oaks Blvd

      SHOPPING CENTER, STRIP CENTER • 26,305 SF
      821 Grn Oaks Blvd, Arlington, TX 76006-2203
      View Details

    Similar Nearby for Sale

    • $10,000,000
      83,655 SF

      Arlington Industrial Portfolio: Value-Add Opportunity

      Multi-tenant industrial complex, high occupancy, strong NOI.
      2401 Avenue J, Arlington, TX 76006
      View Details
    • Contact for pricing

      Arlington Commercial Land For Sale

      2.68 acres of commercial land in Arlington, Texas.
      1971 NE Green Oaks Blvd, Arlington, TX 76006
      View Details
    • Contact for pricing

      Land For Sale

      Land available for sale.
      Nec - Boat Clb Rd. & Bonds Rnch Rd. Sec - Boat Clb Rd. & Peden Rd, Arlington, TX 76006
      View Details
    • Contact for pricing

      Arlington Land Opportunity

      Land available in Arlington, Texas.
      1300 E Corporate Dr, Arlington, TX 76006
      View Details
    • $2,000,000
      16.79 Acres

      Arlington Land with Trinity Frontage

      16.792-acre tract near attractions with Trinity River frontage.
      2031 Green Oaks Blvd, Arlington, TX 76006
      View Details
    • Contact for pricing

      Arlington Land For Sale

      Approximately 1.3 acres of land available in Arlington, Texas.
      Swc - Ballpark Way & Brookhollow Plz Dr, Arlington, TX 76006
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      53,058 SF

      Arlington Office Space Available

      Prime Arlington Office, Multiple Suites
      1001 Green Oaks Blvd, Arlington, TX 76006
      View Details
    • Contact for pricing
      22,400 SF

      Arlington Retail Shopping Center Space

      Retail shopping center at Baird Farm and Lamar Blvd.
      1900 Baird Farm Rd, Arlington, TX 76006
      View Details
    • Contact for pricing

      Retail Space Anchored by Kroger

      Shopping center with high visibility, easy access, and excellent traffic.
      1861 Brown Blvd, Arlington, TX 76006
      View Details
    • Contact for pricing
      1,750 SF

      Versatile Space in Arlington, TX

      Retail, dining, or office space for lease in Arlington.
      2425-2435 SE Green Oaks Blvd, Arlington, TX 76006
      View Details
    • Contact for pricing
      1,678 SF

      Arlington Office and Retail Spaces

      Office and retail spaces available in Arlington, Texas.
      1900 Ballpark Way, Arlington, TX 76006
      View Details
    • Contact for pricing

      Retail Space For Lease

      Retail space available for lease in Arlington, Texas.
      2425 NE Green Oaks Blvd, Arlington, TX 76006
      View Details
    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.
    1861 Brown Blvd
    Arlington, TX 76006
    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

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!