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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    2302 Green Oaks Blvd Arlington, TX 76016

    • Strip malls
    • 3,650 SF
    • 0.31 lot acres
    For Lease
    View listing
    $13 SF/Yr
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US82-4145966
    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

    • Strip malls

    Property Details for 2302 Green Oaks Blvd

    Year built
    1986
    Lot size
    0.31 lot acres
    Property size
    3,650 SF
    Property type
    Strip malls
    Property subtype
    Neighborhood centers
    APN
    38020-4-4R2
    APU
    3802044R2

    Description

    This exceptional retail investment opportunity in Arlington, Texas, presents a 3,650 square foot shopping center situated on a 0.31-acre lot in Tarrant County. The property, located at 2302 & 2306 W Green Oaks Blvd, zip code 76016, features 2,200 square feet of immediately available retail space, perfect for a variety of uses. The center benefits from a highly visible location at a signalized intersection, ensuring maximum exposure to the substantial daily traffic volume of approximately 23,000 vehicles on West Green Oaks Boulevard. Strong co-tenancy is provided by established businesses such as Pizza Hut and 7-Eleven, creating a synergistic environment and attracting a steady stream of customers. The surrounding area boasts high average household incomes, indicating a robust consumer base with significant spending power. This property offers a unique chance to establish a thriving business in a prime retail location with excellent visibility and strong demographics. The property is classified as a multi-tenant retail shopping center.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Arlington
    County
    Tarrant
    State
    Texas
    Longitude
    -97.1916
    Latitude
    32.7072
    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
    $13,809
    $108,600
    $562,234
    $670,834
    -
    $108,600
    $562,234
    $670,834

    Comparable in this City

    • Value Estimation
      $630,000
      19,048 SF

      2513 Pleasant Rdg Rd

      SHOPPING CENTER, STRIP CENTER • 19,048 SF
      2513 Pleasant Rdg Rd, Dalworthington Gardens, TX 76016
      View Details
    • Value Estimation
      $535,000
      12,962 SF

      4388 Grn Oaks Blvd

      SHOPPING CENTER, STRIP CENTER • 12,962 SF
      4388 Grn Oaks Blvd, Arlington, TX 76016-4496
      View Details
    • Value Estimation
      $560,000
      10,692 SF

      4261 Grn Oaks Blvd

      SHOPPING CENTER, STRIP CENTER • 10,692 SF
      4261 Grn Oaks Blvd, Arlington, TX 76016-4484
      View Details
    • Value Estimation
      $740,000
      30,669 SF

      3901 Arkansas Ln

      SHOPPING CENTER, STRIP CENTER • 30,669 SF
      3901 Arkansas Ln, Arlington, TX 76016-6407
      View Details
    • Value Estimation
      $635,000
      25,333 SF

      3100 Arkansas Ln E E Ste

      SHOPPING CENTER, STRIP CENTER • 25,333 SF
      3100 Arkansas Ln E E Ste, Dwg, TX 76016-5872
      View Details
    • Value Estimation by Request
      5,100 SF

      5408 Arkansas Ln

      SHOPPING CENTER, STRIP CENTER • 5,100 SF
      5408 Arkansas Ln, Arlington, TX 76016-1275
      View Details

    Similar Nearby for Sale

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      Dalworthington Gardens Retail Opportunity

      Retail property with expansion potential in Dalworthington Gardens, Texas.
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    • $760,000
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      Freestanding Drive-Thru Restaurant Opportunity

      Freestanding drive-thru near Green Oaks Blvd and Arkansas Lane.
      5501 W Arkansas Ln, Arlington, TX 76016
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    • $329,900
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      Land in Gated Community

      Homesite in gated community with access to highways, shopping, and schools.
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      Exclusive gated community offering expansive homesites for custom living.
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      Exclusive gated community land for custom home in Arlington, TX.
      8 Delano Ct, Arlington, TX 76016
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    Similar Nearby for Lease

    • Contact for pricing
      47,069 SF

      Stanton Plaza: Arlington Retail Center

      Prime Arlington retail space, multiple units available.
      4201-4261 Green Oaks Blvd, Arlington, TX 76016
      View Details
    • Contact for pricing
      65,088 SF

      Arlington Retail Strip Center

      Prime Arlington location, multiple spaces available.
      4001 Green Oaks Blvd, Arlington, TX 76016
      View Details
    • Contact for pricing
      2,700 SF

      Retail Space in Established Center

      Retail space in a shopping center with ample parking.
      4200 SW Green Oaks Blvd, Arlington, TX 76016
      View Details
    • Contact for pricing
      1,700 SF

      Retail Space Near Highway 360

      Retail space with high visibility and accessibility near major highways.
      2501-2525 E Arkansas Ln, Arlington, TX 76016
      View Details
    • Contact for pricing
      888 SF

      Arlington Retail Space For Rent

      Retail space available in Arlington, Texas shopping center.
      401-4400 Little Rd, Arlington, TX 76016
      View Details
    • $20 SF/Yr
      740 SF

      Retail Space Available For Lease

      Retail space for lease, partially built out, 740 square feet.
      4311 Little Rd, Arlington, TX 76016
      View Details
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    Arlington, TX 76016
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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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