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    Property profile & analytics

    1315 Collins St Arlington, TX 76011-5062

    • Grocery and convenience stores
    • 4,168 SF
    • 0.93 lot acres
    OFF-MARKET
    Last Sale
    Jun 26, 2020
    Value Estimations
    $490,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US83-3963142
    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

    • Comedy Guys Defensive Driving #149 / Driving School
    • 7-Eleven / Convenience Store
    • PNC Bank ATM / Atm
    • Exxon / Gas Station
    • Western Union / Money Transfer Service

    Property Details for 1315 Collins St

    Year built
    2020
    Lot size
    0.93 lot acres
    Property size
    4,168 SF
    Property type
    Grocery and convenience stores
    APN
    42190-A-1R1
    APU
    42190A1R1

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $375,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $603,000
      Market price range: $358k - $603k

    • Alternative Use

      Use
      Estimation
      SERVICE STATION (FULL SERVICE)
      $480,000
      Current use
      COMMERCIAL (GENERAL)
      $540,000
      Change: +13% Conversion: Difficult
      AUTO REPAIR, GARAGE
      $470,000
      Change: -2% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Arlington
    County
    Tarrant
    State
    Texas
    Longitude
    -97.0967
    Latitude
    32.7552
    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
    $46,047
    $1,007,700
    $1,135,300
    $2,143,000
    -
    $1,007,700
    $1,135,300
    $2,143,000

    Comparable in this City

    • Value Estimation
      $355,000
      5,748 SF

      1425 Cooper St

      CONVENIENCE STORE (W/FUEL PUMP) • 5,748 SF
      1425 Cooper St, Arlington, TX 76011-5526
      View Details
    • Value Estimation
      $400,000
      4,847 SF

      901 Division St

      CONVENIENCE STORE (W/FUEL PUMP) • 4,847 SF
      901 Division St, Arlington, TX 76011-7333
      View Details
    • Value Estimation
      $320,000
      2,034 SF

      501 Randol Ml Rd

      CONVENIENCE STORE (W/FUEL PUMP) • 2,034 SF
      501 Randol Ml Rd, Arlington, TX 76011-5737
      View Details
    • Value Estimation
      $410,000
      3,044 SF

      2395 Collins St

      CONVENIENCE STORE (W/FUEL PUMP) • 3,044 SF
      2395 Collins St, Arlington, TX 76011-2627
      View Details
    • Value Estimation
      $1,125,000
      192,138 SF

      915 Randol Ml Rd

      GROCERY, SUPERMARKET • 192,138 SF
      915 Randol Ml Rd, Arlington, TX 76011-6017
      View Details
    • Value Estimation
      $405,000
      1,431 SF

      936 Collins St

      CONVENIENCE STORE (W/FUEL PUMP) • 1,431 SF
      936 Collins St, Arlington, TX 76011-6024
      View Details

    Similar Nearby for Sale

    • $7,567,894

      Arlington Retail Property Near Stadium

      Retail property near AT&T Stadium with long-term absolute net lease.
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      Arlington Retail Property Near Entertainment

      Retail property near Arlington Entertainment District, suitable for owner-user or investor.
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    • $2,890,000
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      Arlington Retail Investment Opportunity

      Prime location near AT&T Stadium & Globe Life Field
      806 Division St, Arlington, TX 76011
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    • New
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      6,336 SF

      Arlington Entertainment District Income Property

      Income-producing commercial property near stadiums and entertainment venues in Arlington, TX.
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      Arlington Commercial Property on Highway

      Located on major thoroughfares with high traffic volume.
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      8.00 Acres

      Arlington Commercial Land - 8 Acres

      Prime Development Site near Six Flags
      SH-360 & 6 Flags Dr, Arlington, TX 76011
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      5,500 SF

      Retail Space in Growing Community

      Retail space available within a developing residential community in Arlington.
      8100 S Collins St, Arlington, TX 76011
      View Details
    • Contact for pricing
      5,225 SF

      Retail Space in Entertainment District

      Retail space with high visibility in Arlington's Entertainment District.
      1350-1400 E Copeland Rd, Arlington, TX 76011
      View Details
    • Contact for pricing
      6,895 SF

      Retail Building with Ample Parking

      Retail space with 6,896 SF and 257 parking spaces.
      2011 E Copeland Rd, Arlington, TX 76011
      View Details
    • Contact for pricing
      20,171 SF

      Arlington Warehouse with Showroom Floor

      Warehouse with showroom floor and breakroom available for lease.
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      New Retail Space in Arlington

      New construction retail space available in Urban Union District.
      300-380 E Front 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
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    1315 Collins St
    Arlington, TX 76011-5062
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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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