1550 Jones Dr Arlington, TX 76013-3517
This single-story, 3,075 square foot medical office building in Arlington, Texas, presents a compelling investment opportunity. Built in 1960 and renovated in 1994, the property boasts two vacant suites, ideal for a value-add renovation or redevelopment. Situated on a 0.51-acre lot with 17 parking spaces, its location at the intersection of W Park Row Dr and S Fielder Rd offers high visibility and accessibility. The property benefits from its proximity to both residential and commercial areas, including the University of Texas at Arlington, ensuring a diverse potential tenant base. The building is zoned CC and offers significant potential for various uses. The asking price is $525,000, translating to $170.73 per square foot. This represents a unique chance to acquire a well-located, vacant medical office building with substantial upside potential in a thriving Texas market. The property's size and location make it suitable for a range of redevelopment options, capitalizing on the area's growth and demand.
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Davis Donald J MD Physician
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.