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Property profile & analytics
FOR LEASE
Office buildings
2401 E Randol Mill Rd Arlington, TX 76011
Entity Owned
7-yr Hold
Absentee Owner
Free & Clear
Property ID
US83-3890460
For Lease
1 / 29
$27.50 SF/Yr
2401 E Randol Mill Rd, Arlington, TX 76011
View Listing →
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING (MULTI-STORY)
Year built
2000
Total area
145,878 SF
Lot
5.81 ac (253,214 SF)
APN
38675--59A
UPID
US83-3890460
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Dialyze Direct Corporate Office
-
FCL Builders Construction Company
-
Logo Design Arlington Marketing & Advertising Advertising Agency
-
Dr. Gunjan Dhir Dental Office
-
STAR Brokerage DFW Division Food Broker
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$3.47M
Owner & transaction history
Albany Road-centerpoint LLC · 7 yrs held
Albany Road-centerpoint LLC
since 2018
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Arlington submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Arlington submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
NEIGHBORHOOD: SHOPPING CENTER
$5,110,000
Change: -14% · Conversion: Difficult
Blend value · Realmo final
$3.47M
Range $3.12M – $3.82M · ±10%
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$24 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$364,084
Tax year 2023
Assessed value
$14,516,937
Assessed 2024
Previous assessed
$16,500,000
-12.0% YoY
Effective rate
2.51%
On assessed value
Assessed land
$886,249
Assessed improvement
$13,630,688
Land market value
$886,249
Improvement market value
$13,630,688
Total market value
$14,516,937
Applied tax rate
224.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Office buildings
Use group
OFFICE BUILDING (MULTI-STORY)
Status
For Lease
Year built
2000
Heating
NONE
Stories
6
Total area
145,878 SF
Lot
5.81 ac (253,214 SF)
APN
38675--59A
UPID
US83-3890460
Jurisdiction
TARRANT
Metro division
FORT WORTH-ARLINGTON, TX METROPOLITAN DIVISION
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$5.1M
NEIGHBORHOOD: SHOPPING CENTER
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
2000
Heating
NONE
Stories
6
Lot
5.81 ac
Current owner
From public records · entity-resolved
Albany Road-centerpoint LLC
Entity
Free & Clear · 7 yrs held
Mailing address
18 SS DR, MANHASSET HILLS, NY 11040-2242
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2018
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 10, 2018
—
Albany Road-centerpoint LLC
2401 E Randol Mill Partners LP
Grant Deed
—
Mar 5, 2018
—
2401 E Randol Mill Partners LP
—
Deed
related
$8,348,080 · Simmons Bk
Jun 20, 2016
—
2401 E Randol Mill Partners LP
Column Finl
Grant Deed
$7,348,080 · Southwest Bk
Nov 21, 2007
—
Bp Centerpoint IV LP
Ahc Metro Arlington LP
Special Warranty Deed
$8,150,000 · Wells Fargo Bank NA
Nov 3, 2005
—
Metro Arlington Ahc
—
Trustees Deed
related
$8,150,000 · Column Financial INC
Aug 18, 2004
—
Metro Arlington Ahc
Radler
Grant Deed
$8,250,000 · Lasalle National Bank
—
—
2401 E Randol Mill Partners LP
—
Loan Modification
related
$8,348,080 · Simmons Bk
—
—
Centerpoint Bp IV
—
Deed Of Trust
related
$8,150,000 · Wells Fargo Csfb 2006-c1 (ce)
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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