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    Property profile & analytics

    2331 Ascension Blvd Arlington, TX 76006-5513

    • Office buildings
    • 5,700 SF
    • 1.84 lot acres
    OFF-MARKET
    Last Sale
    Sep 02, 2021
    Value Estimations
    $1,280,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US82-1152145
    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

    • Sheltered By Love Foundation / Charitable Organization
    • Simmons & Associates of North Texas PLLC / Tax Preparation
    • KBA Construction, LLC / Hardware & Home Improvement / Kitchen & Bath Showroom
    • Smart Benefits LLC / Insurance Agency

    Property Details for 2331 Ascension Blvd

    Year built
    1999
    Lot size
    1.84 lot acres
    Property size
    5,700 SF
    Property type
    Office buildings
    APN
    1665--1B1
    APU
    16651B1

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $1,570,000
      6.5%
      $1,450,000
      7%
      $1,345,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $1,108,000
      Market price range: $162k - $1.11M

    • Alternative Use

      Use
      Estimation
      COMMERCIAL (GENERAL)
      $830,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Arlington
    County
    Tarrant
    State
    Texas
    Longitude
    -97.0819
    Latitude
    32.7724
    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
    $25,591
    $347,466
    $812,309
    $1,159,775
    -
    $347,466
    $812,309
    $1,159,775

    Comparable in this City

    • Value Estimation
      $2,525,000
      107,726 SF

      1201 Watson Rd

      OFFICE BUILDING • 107,726 SF
      1201 Watson Rd, Arlington, TX 76006-6190
      View Details
    • Value Estimation
      $2,545,000
      17,227 SF

      2121 Ave J J

      OFFICE BUILDING • 17,227 SF
      2121 Ave J J, Arlington, TX 76006-5887
      View Details
    • Value Estimation by Request
      7,342 SF

      1229 Corporate Dr

      OFFICE BUILDING • 7,342 SF
      1229 Corporate Dr, Arlington, TX 76006-6103
      View Details
    • Value Estimation by Request
      1,044 SF

      2100 Baird Farm Rd

      OFFICE BUILDING • 1,044 SF
      2100 Baird Farm Rd, Arlington, TX 76006-5510
      View Details
    • Value Estimation
      $3,645,000
      80,104 SF

      1701 Lamar Blvd

      OFFICE BUILDING (MULTI-STORY) • 80,104 SF
      1701 Lamar Blvd, Arlington, TX 76006-7313
      View Details
    • Value Estimation
      $4,335,000
      108,862 SF

      2301 Lamar Blvd

      OFFICE BUILDING (MULTI-STORY) • 108,862 SF
      2301 Lamar Blvd, Arlington, TX 76006-7415
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      17,158 SF

      Arlington Office Building For Sale

      17,158 SF office building in Arlington, Texas.
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    • $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
    • $2,000,000
      16.79 Acres

      Arlington Land with Trinity Frontage

      16.792-acre tract near attractions with Trinity River frontage.
      2031 Green Oaks Blvd, Arlington, TX 76006
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      Arlington Land For Sale

      Approximately 1.3 acres of land available in Arlington, Texas.
      Swc - Ballpark Way & Brookhollow Plz Dr, Arlington, TX 76006
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      Land in Arlington Entertainment District

      2.5 acres with utilities in Arlington's Entertainment District.
      2300 E Lamar Blvd, Arlington, TX 76006
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    • $150,000
      0.69 Acres

      Residential Lot in Prime Location

      0.68-acre residential lot near Arlington's attractions, ready for development.
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    Similar Nearby for Lease

    • $17 SF/Yr

      Arlington Office Space For Lease

      Prime office space in a strategic Arlington location.
      1903 Ascension Blvd, Arlington, TX 76006
      View Details
    • Contact for pricing

      Class A Office Space

      Class A office buildings in prime Arlington location for rent.
      2221 E Lamar Blvd, Arlington, TX 76006
      View Details
    • Contact for pricing

      Class A Office Space Available

      Premier Arlington office buildings with on-site amenities and convenient location.
      2301 E Lamar Blvd, Arlington, TX 76006
      View Details
    • $19 SF/Yr
      2,492 SF

      Renovated Office Space Available

      Renovated office spaces for rent with ample parking.
      2261 Brookhollow Plaza Dr, Arlington, TX 76006
      View Details
    • Contact for pricing
      1,643 SF

      Office Space in Entertainment District

      Office space for lease in a prime location.
      2000 E Lamar Blvd, Arlington, TX 76006
      View Details
    • Contact for pricing
      1,678 SF

      Arlington Office and Retail Spaces

      Office and retail spaces available in Arlington, Texas.
      1900 Ballpark Way, Arlington, TX 76006
      View Details
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    2331 Ascension Blvd
    Arlington, TX 76006-5513
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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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