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Property profile & analytics
OFF-MARKET
Estimated value
$1,395,000
Office buildings
1200 Florida Dr Arlington, TX 76015-2383
Entity Owned
6-yr Hold
~
Est. High Equity
Property ID
US82-1464573
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
2008
Total area
6,031 SF
Lot
0.46 ac (19,846 SF)
APN
34010--5
UPID
US82-1464573
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
PPL Inc. Construction Company General Contractor
-
Capitola Builders Construction Company General Contractor
-
Southwest Natural Health Center Physician
-
Menting Realty Real Estate Agency
-
Family Health & Wellness Chiropractic PA Alternative Medicine Practice
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$1.53M
Comparable Approach
Comparable
$1.26M
Blend (final)
Blend
$1.40M
Owner & transaction history
Electrical Prop Arlington LLC · 6 yrs held
Electrical Prop Arlington LLC
since 2019
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Arlington submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Arlington submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$1,660,000
6.5%
$1,530,000
7%
$1,425,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$1,190,000
Current use
COMMERCIAL (GENERAL)
$975,000
Change: -18% · Conversion: Easy
Blend value · Realmo final
$1.40M
Range $1.26M – $1.53M · ±10%
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$231 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$27,614
Tax year 2023
Assessed value
$1,100,000
Assessed 2024
Previous assessed
$1,251,433
-12.1% YoY
Effective rate
2.51%
On assessed value
Assessed land
$119,088
Assessed improvement
$980,912
Land market value
$119,088
Improvement market value
$980,912
Total market value
$1,100,000
Applied tax rate
224.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
2008
Heating
NONE
Stories
1
Total area
6,031 SF
Lot
0.46 ac (19,846 SF)
APN
34010--5
UPID
US82-1464573
Jurisdiction
TARRANT
Metro division
FORT WORTH-ARLINGTON, TX METROPOLITAN DIVISION
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING Current
Est. value
$1.2M
COMMERCIAL (GENERAL)
Est. value
$975,000
OFFICE BUILDING Current
COMMERCIAL (GENERAL)
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
2008
Heating
NONE
Stories
1
Lot
0.46 ac
Current owner
From public records · entity-resolved
Electrical Prop Arlington LLC
Entity
Mailing address
PO BOX 121813, ARLINGTON, TX 76012-7813
Ownership since
2019
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
11 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 3, 2019
—
Electrical Prop Arlington LLC
Blair Equity Holdings LLC
Grant Deed
$2,009,596 · Dallas Cap Bk NA
Dec 22, 2017
—
Blair Equity Holdings LLC
—
Deed
related
—
Dec 14, 2016
—
Blair Equity Holdings LLC
—
Trustees Deed
related
$1,000,000 · Branch Bk&tr
May 23, 2012
—
Kelvin Harris
Rel Properties LLC
Warranty Deed
$89,351 · Prospect Mortgage LLC
Dec 2, 2011
—
Blair Equity Holdings LLC
Tps Family LP
Grant Deed
—
Jul 16, 2010
—
Tps Family LP
Pmp Chase LP
Grant Deed
$558,220 · Southwest Securities Bank
Nov 23, 2009
—
Pmp Chase
—
Trustees Deed
related
$558,220 · Southwest Securities Bank
May 29, 2009
—
Pmp Chase
—
Trustees Deed
related
$558,200 · Southwest Securities Bank
Nov 11, 2008
—
Pmp Chase
—
Trustees Deed
related
$558,200 · Southwest Securities Bank
May 18, 2006
—
Pmp Chase
Sable Group
Warranty Deed
related
—
—
—
Blair Equity Holdings LLC
—
Loan Modification
related
—
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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