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    Property profile & analytics

    1515 Abram St Arlington, TX 76013-1708

    • Office buildings
    • 7,873 SF
    • 1.92 lot acres
    OFF-MARKET
    Value Estimations
    $530,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US82-3730696
    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

    • Arlington Womans Club / Charitable Organization / Social Service Agency
    • FREE Rapid & PCR Covid-19 Testing Arlington / Medical Clinic
    • Blessed Hands Phlebotomy / High School / Vocational School
    • Cash America Pawn / Discount Store / (Bike/Boat/Book/etc) Store

    Property Details for 1515 Abram St

    Year built
    2002
    Lot size
    1.92 lot acres
    Property size
    7,873 SF
    Property type
    Office buildings
    APN
    9140--63
    APU
    914063

    Value Estimations

    based on Realmo’s proprietary methodology

    • Alternative Use

      Use
      Estimation
      OFFICE BUILDING
      $570,000
      Current use
      MEDICAL BUILDING
      $695,000
      Change: +22% Conversion: Easy
      RETAIL STORES
      $550,000
      Change: -4% Conversion: Moderate
      AUTO REPAIR, GARAGE
      $455,000
      Change: -20% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Arlington
    County
    Tarrant
    State
    Texas
    Longitude
    -97.1295
    Latitude
    32.7363
    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
    $0.00
    $224,142
    $901,697
    $1,125,839
    -
    $224,142
    $901,697
    $1,125,839

    Comparable in this City

    • Value Estimation
      $2,085,000
      44,827 SF

      1111 Abram St

      OFFICE BUILDING • 44,827 SF
      1111 Abram St, Arlington, TX 76013-6928
      View Details
    • Value Estimation
      $545,000
      8,168 SF

      4019 Woodland Park Blvd

      OFFICE BUILDING • 8,168 SF
      4019 Woodland Park Blvd, Arlington, TX 76013-4444
      View Details
    • Value Estimation by Request
      4,374 SF

      3535 Marathon St

      OFFICE BUILDING • 4,374 SF
      3535 Marathon St, Pantego, TX 76013-4630
      View Details
    • Value Estimation
      $880,000
      24,932 SF

      1506 Pioneer Pkwy

      OFFICE BUILDING • 24,932 SF
      1506 Pioneer Pkwy, Arlington, TX 76013-6230
      View Details
    • Value Estimation by Request
      4,562 SF

      2700 Park Row Dr

      OFFICE BUILDING • 4,562 SF
      2700 Park Row Dr, Pantego, TX 76013-2258
      View Details
    • Value Estimation by Request
      7,644 SF

      1404 Abram St

      OFFICE BUILDING • 7,644 SF
      1404 Abram St, Arlington, TX 76013
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      6,450 SF

      Functional Office Building For Sale

      Modern office building suitable for professional or medical use.
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      Arlington Flex Office Warehouse

      Flex office warehouse with dock doors and gated parking.
      6005 W Pioneer Pkwy, Arlington, TX 76013
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    • $1,265,000
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      Arlington Commercial Land For Sale

      1.9 acres of commercial land in prime Arlington location.
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    • $695,000
      3,972 SF

      Arlington Office Building - Move-In Ready

      Prime Arlington office, modern & versatile.
      3901 Pioneer Pkwy, Arlington, TX 76013
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    • $725,000
      3,000 SF

      Pantego Converted Commercial Space

      Converted commercial space with warehouse in Pantego, TX.
      1927 Arkansas Ln, Pantego, TX 76013
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    • Contact for pricing

      Pioneer Parkway Land For Sale

      22.06 acres of land available on Pioneer Parkway.
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    Similar Nearby for Lease

    • $2,200 /Mo
      1,400 SF

      Updated Office Space in Arlington

      Updated commercial space ideal for professional uses in central Arlington.
      1311 W Abram St, Arlington, TX 76013
      View Details
    • $2,400 /Mo
      1,349 SF

      Arlington Office Space For Lease

      Well-maintained office space in east Arlington with immediate occupancy.
      1313 W Abram St, Arlington, TX 76013
      View Details
    • New
      $930 /Mo
      45,390 SF

      Professional Office Building in Pantego

      Well-maintained office building with flexible suite configurations in Pantego, TX.
      3610 W Pioneer Pkwy, Pantego, TX 76013
      View Details
    • Contact for pricing

      Renovated Office Building in Arlington

      Renovated multi-tenant office building with convenient highway access.
      1301 S Bowen Rd, Arlington, TX 76013
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    • $19 SF/Yr
      2,370 SF

      Class A Office Building

      Class A office building with scenic views and ample parking.
      4025 Woodland Park Blvd, Arlington, TX 76013
      View Details
    • $1,140 /Mo
      20,647 SF

      Updated Office Space in Arlington

      Convenient office space near downtown Arlington with modern features.
      1307 W Abram St, Arlington, TX 76013
      View Details
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    1515 Abram St
    Arlington, TX 76013-1708
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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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