Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    1311 Wet N Wild Way Arlington, TX 76011-4302

    • Hotels
    • 102,180 SF
    • 3.44 lot acres
    OFF-MARKET
    Value Estimations
    $1,675,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US82-3470784
    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

    • MALL arlington texas / Shopping Mall
    • ATM / Atm
    • The Draft Bar & Grill / Bar / Lounge
    • Holiday Inn Arlington NE-Rangers Ballpark, an IHG Hotel / Hotel / Conference Center
    • EPA Lead Safe Training / Consultant

    Property Details for 1311 Wet N Wild Way

    Year built
    2008
    Lot size
    3.44 lot acres
    Property size
    102,180 SF
    Property type
    Hotels
    APN
    31159--28R1
    APU
    3115928R1

    Value Estimations

    based on Realmo’s proprietary methodology

    • Alternative Use

      Use
      Estimation
      HOTEL/MOTEL
      $1,930,000
      Current use

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

    Location Insight

    • Map
    • Local Demand
    City
    Arlington
    County
    Tarrant
    State
    Texas
    Longitude
    -97.0921
    Latitude
    32.7614
    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
    $317,989
    $1,497,000
    $11,944,000
    $13,441,000
    -
    $1,497,000
    $11,944,000
    $13,441,000

    Comparable in this City

    • Value Estimation
      $2,905,000
      86,049 SF

      1509 Nolan Ryan Expy

      HOTEL • 86,049 SF
      1509 Nolan Ryan Expy, Arlington, TX 76011
      View Details
    • Value Estimation by Request
      19,758 SF

      800 6th Flags Dr

      HOTEL • 19,758 SF
      800 6th Flags Dr, Arlington, TX 76011-5122
      View Details
    • Value Estimation by Request
      2.93 Acres

      At T Way

      HOTEL • 2.93 Acres
      At T Way, Arlington, TX 76011
      View Details
    • Value Estimation
      $2,025,000
      56,605 SF

      2451 Randol Ml Rd

      HOTEL • 56,605 SF
      2451 Randol Ml Rd, Arlington, TX 76011-6334
      View Details
    • Value Estimation
      $8,775,000
      287,560 SF

      1592 Randol Ml Rd

      HOTEL • 287,560 SF
      1592 Randol Ml Rd, Arlington, TX 76011
      View Details
    • Value Estimation
      $1,220,000
      71,149 SF

      411 Ih 30

      HOTEL • 71,149 SF
      411 Ih 30, Arlington, TX 76011
      View Details

    Similar Nearby for Sale

    • $2,890,000
      2,578 SF

      Arlington Retail Investment Opportunity

      Prime location near AT&T Stadium & Globe Life Field
      806 Division St, Arlington, TX 76011
      View Details
    • $3,750,000
      6,336 SF

      Arlington Office Building - Prime Location

      High-Income Office Building near Stadiums
      2101 Randol Mill Rd, Arlington, TX 76011
      View Details
    • $7,567,894

      Arlington Retail Property Near Stadium

      Retail property near AT&T Stadium with long-term absolute net lease.
      405 N Collins St, Arlington, TX 76011
      View Details
    • $2,900,000
      40,704 SF

      Industrial Manufacturing Building For Sale

      40,704 SF industrial building on 2.68 acres available.
      710 N Watson Rd, Arlington, TX 76011
      View Details
    • $4,400,000
      13 SF

      Arlington Land Parcel For Sale

      13 acre site in South Central Arlington available for redevelopment.
      1801 E Arkansas Ln, Arlington, TX 76011
      View Details
    • $269,000
      0.16 Acres

      Arlington Duplex Near UTA, Stadium

      Well-maintained duplex near UTA and AT&T Stadium, Arlington, TX.
      116 Maple St, Arlington, TX 76011
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      15,275 SF

      Downtown Arlington Creative Office Space

      Historic building, flexible suites, prime location.
      255 Center St, Arlington, TX 76011
      View Details
    • Contact for pricing
      2,105 SF

      Retail Redevelopment in North Arlington

      Retail space and pad sites available in high-traffic Arlington location.
      986 N Cooper St, Arlington, TX 76011
      View Details
    • $10 SF/Yr
      1,920 SF

      Arlington Flex/Industrial Space Available

      Flex/industrial space for lease in Arlington, Texas.
      2827-2849 Galleria Dr, Arlington, TX 76011
      View Details
    • Contact for pricing
      6,392 SF

      Arlington Industrial Space Available

      Industrial property with 6,392 square feet available for rent.
      3211-3227 Avenue E, Arlington, TX 76011
      View Details
    • $13 SF/Yr
      2,900 SF

      Arlington Flex/Industrial Space Available

      Flex/industrial space available for lease in Arlington, Texas.
      2805-2825 Galleria Dr, Arlington, TX 76011
      View Details
    • Contact for pricing
      1,200 SF

      Retail Space in Fielder Plaza

      Retail space for lease in established Arlington shopping center.
      1701 W Randol Mill Rd, Arlington, TX 76011
      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.
    1311 Wet N Wild Way
    Arlington, TX 76011-4302
    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.