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

    1214 California Ln Arlington, TX 76015-2407

    • Warehouses
    • 16,700 SF
    • 0.96 lot acres
    OFF-MARKET
    Value Estimations
    $410,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US82-4158840
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • IRESCUE 24-7 / Towing Service
    • Stone Masters of DFW / Countertop Contractor / Granite Supplier
    • Tropic Air & Heat / Hvac Contractor / Air Conditioning Contractor

    Property Details for 1214 California Ln

    Year built
    1900
    Construction
    FRAME
    Lot size
    0.96 lot acres
    Property size
    16,700 SF
    Property type
    Warehouses
    APN
    28060--65
    APU
    2806065

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $395,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $423,000
      Market price range: $394k - $673k

    • Alternative Use

      Use
      Estimation
      WAREHOUSE, STORAGE
      $485,000
      Current use
      NEIGHBORHOOD: SHOPPING CENTER
      $400,000
      Change: -18% Conversion: Moderate

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Arlington
    County
    Tarrant
    State
    Texas
    Longitude
    -97.1259
    Latitude
    32.6986
    CBSA code
    19100
    CBSA name
    DALLAS-FORT WORTH-ARLINGTON, TX METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $15,477
    $151,121
    $602,879
    $754,000
    -
    $151,121
    $602,879
    $754,000

    Comparable in this City

    • Value Estimation
      $740,000
      52,800 SF

      2707 Cooper St

      WAREHOUSE, STORAGE • 52,800 SF
      2707 Cooper St, Arlington, TX 76015-2426
      View Details
    • Value Estimation
      $680,000
      49,472 SF

      2836 Cooper St

      MINI-WAREHOUSE, STORAGE • 49,472 SF
      2836 Cooper St, Arlington, TX 76015-2310
      View Details
    • Value Estimation
      $555,000
      14,360 SF

      1117 Colorado Ln

      WAREHOUSE, STORAGE • 14,360 SF
      1117 Colorado Ln, Arlington, TX 76015-1553
      View Details
    • Value Estimation
      $470,000
      10,480 SF

      2000 Sammons Davis Ct

      WAREHOUSE, STORAGE • 10,480 SF
      2000 Sammons Davis Ct, Arlington, TX 76015-2847
      View Details
    • Value Estimation
      $675,000
      26,160 SF

      3016 Cooper St

      MINI-WAREHOUSE, STORAGE • 26,160 SF
      3016 Cooper St, Arlington, TX 76015-2323
      View Details
    • Value Estimation
      $320,000
      10,874 SF

      1232 Colorado Ln

      WAREHOUSE, STORAGE • 10,874 SF
      1232 Colorado Ln, Arlington, TX 76015-1500
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      Commercial Land in Established Corridor

      0.69-acre commercial land in an established commercial corridor.
      2906 S Cooper St, Arlington, TX 76015
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    • $680,000
      0.14 Acres

      Arlington Triplex Investment Opportunity

      Updated triplex near AT&T Stadium with immediate income potential.
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    • Contact for pricing
      2.90 Acres

      Arlington Commercial Land - 2.9 Acres

      Prime Arlington commercial lot, I-20 visibility.
      1900 Pleasant Ridge Rd, Arlington, TX 76015
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    • Contact for pricing
      2,585 SF

      Arlington Retail Center - High Traffic

      Prime retail space, high visibility location.
      3301 Cooper Nec Cooper St & Mayfield Rd, Arlington, TX 76015
      View Details
    • Contact for pricing

      Arlington Commercial Land Available

      Commercial land for sale near The Parks Mall at Arlington.
      1900 W Pleasant Ridge Rd, Arlington, TX 76015
      View Details
    • $75,000
      714 SF

      Turnkey Restaurant Opportunity in Arlington

      Restaurant for sale with immediate operational opportunity in Arlington, Texas.
      3811 S Cooper St, Arlington, TX 76015
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    Similar Nearby for Lease

    • Contact for pricing
      5,464 SF

      Arlington Warehouse Space Available

      5,464 SF warehouse space with easy highway access.
      1455-1501 W Arbrook Blvd, Arlington, TX 76015
      View Details
    • Contact for pricing
      169,496 SF

      Arlington Industrial Warehouse Space

      169,496 SF warehouse in Arlington, Texas for lease.
      1700 E Mayfield Rd, Arlington, TX 76015
      View Details
    • $10 SF/Yr
      2,975 SF

      Arlington Warehouse Space Available

      2975 square foot warehouse space for rent in Arlington.
      800-804 Secretary Dr, Arlington, TX 76015
      View Details
    • $3,000 /Mo
      43,691 SF

      Arlington Industrial Building For Lease

      Industrial building available for a variety of uses in Arlington.
      1115 California Ln, Arlington, TX 76015
      View Details
    • $25 SF/Yr
      1,700 SF

      Arlington Medical/Professional Office Space

      Shell space available for medical or professional office use.
      1803 Pleasant Pl, Arlington, TX 76015
      View Details
    • Contact for pricing
      2,585 SF

      Freestanding Building on High-Traffic Corner

      2,585 SF retail building on 0.46 acres for lease.
      3301 S Cooper St, Arlington, TX 76015
      View Details
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    1214 California Ln
    Arlington, TX 76015-2407
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    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
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