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    Property profile & analytics

    2121 Lamar Blvd Arlington, TX 76006-7409

    • Commercial real estate
    • 1,642 SF
    • 1.96 lot acres
    OFF-MARKET
    Value Estimations
    $395,000
    Show details
    Cap Rate Potential
    5.5%
    Commercial real estate
    Location Intelligence
    Property ID
    US82-0164723
    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

    • Sonic Drive-In / Fast Food Restaurant

    Property Details for 2121 Lamar Blvd

    Year built
    2002
    Lot size
    1.96 lot acres
    Property size
    1,642 SF
    Property type
    Commercial real estate
    APN
    3770-6-3B2
    APU
    377063B2

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $400,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $370,000
      6.5%
      $340,000
      7%
      $315,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $385,000
      Market price range: $55.7k - $385k

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

    Location Insight

    • Map
    • Local Demand
    City
    Arlington
    County
    Tarrant
    State
    Texas
    Longitude
    -97.0738
    Latitude
    32.7629
    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
    $23,370
    $757,511
    $302,489
    $1,060,000
    -
    $757,511
    $302,489
    $1,060,000

    Comparable in this City

    • Value Estimation by Request
      1.30 Acres

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      Land • 1.30 Acres
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      View Details
    • Value Estimation
      $270,000
      8.95 Acres

      4253 Euless S Main St

      COMMERCIAL (GENERAL) • 8.95 Acres
      4253 Euless S Main St, Arlington, TX 76006
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    • Value Estimation by Request
      4.34 Acres

      Swq - Grn Oaks Blvd. & Ascension Blvd

      Land • 4.34 Acres
      0 Swq - Grn Oaks Blvd. & Ascension Blvd, Arlington, TX 76006
      View Details
    • Value Estimation by Request
      16.00 Acres

      Nec - Boat Clb Rd. & Bonds Rnch Rd. Sec - Boat Clb Rd. & Peden Rd

      Land • 16.00 Acres
      0 Nec - Boat Clb Rd. & Bonds Rnch Rd. Sec - Boat Clb Rd. & Peden Rd, Arlington, TX 76006
      View Details
    • Value Estimation
      $440,000
      6,512 SF

      2300 Lamar Blvd

      COMMERCIAL (GENERAL) • 6,512 SF
      2300 Lamar Blvd, Arlington, TX 76006-7412
      View Details
    • Value Estimation
      $380,000
      8,848 SF

      2390 Lamar Blvd

      COMMERCIAL (GENERAL) • 8,848 SF
      2390 Lamar Blvd, Arlington, TX 76006-7412
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      2.68 Acres

      Arlington Commercial Land - 2.68 Acres

      Prime Arlington land, ideal for development.
      1971 Green Oaks Blvd, Arlington, TX 76006
      View Details
    • Contact for pricing
      16.00 Acres

      Arlington Commercial Land Investment Opportunity

      Prime 16-20.3 Acre Commercial Tract
      0 Nec - Boat Clb Rd. & Bonds Rnch Rd. Sec - Boat Clb Rd. & Peden Rd, Arlington, TX 76006
      View Details
    • Contact for pricing
      1.30 Acres

      Arlington Commercial Land - 1.3 Acres

      Prime Arlington land, EDO-CC zoning, high traffic.
      0 Swc - Ballpark Way & Brookhollow Plz Dr, Arlington, TX 76006
      View Details
    • $10,000,000
      83,655 SF

      Arlington Industrial Portfolio: Value-Add Opportunity

      Multi-tenant industrial complex, high occupancy, strong NOI.
      2401 Avenue J, Arlington, TX 76006
      View Details
    • Contact for pricing

      Arlington Land Opportunity

      Land available in Arlington, Texas.
      1300 E Corporate Dr, Arlington, TX 76006
      View Details
    • Contact for pricing
      84,469 SF

      Arlington Office Space Available

      Office property with on-site management and convenient highway access.
      2401 Avenue J, Arlington, TX 76006
      View Details

    Similar Nearby for Lease

    • $22 SF/Yr
      145,262 SF

      Brookhollow Two: Arlington Office Space

      Arlington Office: Class A, Modern Amenities
      2221 Lamar Blvd, Arlington, TX 76006
      View Details
    • Contact for pricing
      107,968 SF

      Arlington Executive Office Space

      Prime Arlington Office, 3,237 SF Available
      2201 Lamar Blvd, Arlington, TX 76006
      View Details
    • $22 SF/Yr
      80,104 SF

      Arlington Interlink Office Space

      Prime Arlington Office: Flexible Suites Available
      1701 Lamar Blvd, Arlington, TX 76006
      View Details
    • Contact for pricing
      1,750 SF

      Versatile Space in Arlington, TX

      Retail, dining, or office space for lease in Arlington.
      2425-2435 SE Green Oaks Blvd, Arlington, TX 76006
      View Details
    • Contact for pricing
      40,000 SF

      Upscale Mixed-Use Development Space

      Class A office and medical space in Arlington, Texas.
      2500 Northeast Green Oaks Blvd, Arlington, TX 76006
      View Details
    • $16 SF/Yr
      42,000 SF

      Heather Ridge Village Retail Center

      Grand Prairie, TX retail space available
      2045 State Highway 360, Grand Prairie, TX 76006
      View Details

    Property Visit Statistics

    • Visits by month
      17.4k
    • Visitors by month
      10.0k
    • Avg Time on site
      15 min
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    Arlington, TX 76006-7409
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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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