Add Listing
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    2404 Roosevelt Dr Dwg, TX 76016-5805

    • Office buildings
    • 6,181 SF
    • 0.70 lot acres
    OFF-MARKET
    Value Estimations
    $975,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US82-3061924
    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

    • Power Law Mediation / Law Firm
    • Brandy Austin Law Firm / Law Firm

    Property Details for 2404 Roosevelt Dr

    Year built
    2000
    Lot size
    0.70 lot acres
    Property size
    6,181 SF
    Property type
    Office buildings
    APN
    9210-1-6B2
    APU
    921016B2

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $1,025,000
      Market price range: $466k - $1.53M

    • Alternative Use

      Use
      Estimation
      OFFICE BUILDING
      $1,120,000
      Current use
      COMMERCIAL (GENERAL)
      $900,000
      Change: -20% Conversion: Easy

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

    Location Insight

    • Map
    • Local Demand
    City
    Dwg
    County
    Tarrant
    State
    Texas
    Longitude
    -97.1564
    Latitude
    32.7052
    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
    $16,809
    $91,869
    $662,355
    $754,224
    -
    $91,869
    $662,355
    $754,224

    Comparable in this City

    • Value Estimation
      $1,105,000
      4,408 SF

      3216 Arkansas Ln

      OFFICE BUILDING • 4,408 SF
      3216 Arkansas Ln, Dwg, TX 76016-5827
      View Details
    • Value Estimation
      $660,000
      4,050 SF

      3705 Grn Oaks Blvd

      OFFICE BUILDING • 4,050 SF
      3705 Grn Oaks Blvd, Arlington, TX 76016-3327
      View Details
    • Value Estimation by Request
      5,769 SF

      3711 Grn Oaks Blvd

      OFFICE BUILDING • 5,769 SF
      3711 Grn Oaks Blvd, Arlington, TX 76016-3326
      View Details
    • Value Estimation by Request
      1,845 SF

      3808 Jason Dr

      OFFICE BUILDING • 1,845 SF
      3808 Jason Dr, Arlington, TX 76016-2833
      View Details
    • Value Estimation
      $695,000
      3,000 SF

      2305 Michigan Ct

      OFFICE BUILDING • 3,000 SF
      2305 Michigan Ct, Arlington, TX 76016
      View Details
    • Value Estimation
      $1,145,000
      7,760 SF

      2400 Roosevelt Dr

      OFFICE BUILDING • 7,760 SF
      2400 Roosevelt Dr, Dwg, TX 76016-7100
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      5,417 SF

      Two-Story Office Building in Arlington

      Professional office building suitable for single tenant or owner/user.
      4304 Tate Springs Rd, Arlington, TX 76016
      View Details
    • $650,000
      0.24 Acres

      Well-Maintained Office Building in DWG

      Professional office building in a convenient location with quality finishes.
      2308 Michigan Ct, Dalworthington Gardens, TX 76016
      View Details
    • New
      $185,000
      0.09 Acres

      Dalworthington Gardens Office For Sale

      Office space with lobby, kitchenette, and bathroom in Texas.
      2313 Roosevelt Dr, Dalworthington Gardens, TX 76016
      View Details
    • $610,000
      0.39 Acres

      Arlington Corner Property For Sale

      Corner property in Arlington, Texas, suitable for investment or operation.
      2335 W Green Oaks Blvd, Arlington, TX 76016
      View Details
    • $1,500,000
      1.17 Acres

      Updated Retail/Office Building, Arlington, TX

      Spacious, updated building ideal for retail, office, or childcare.
      5508 Chaperito Trl, Arlington, TX 76016
      View Details
    • $965,500
      0.43 Acres

      Arlington Property for Learning Center

      Property suitable for learning center, office, or daycare use.
      6409 W Poly Webb Rd, Arlington, TX 76016
      View Details

    Similar Nearby for Lease

    • $1,200 /Mo
      16,814 SF

      Arlington Office Space Available

      Office space for medical or professional use in Arlington.
      2335 W Green Oaks Blvd, Arlington, TX 76016
      View Details
    • $16 SF/Yr

      Office Space Available For Rent

      Office space available, offering 1,250 SqFt in Arlington, TX.
      3909 W 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

      Arlington Office Space Available

      Office spaces for rent, ranging from 1,517 to 1,950 SqFt.
      3825 W Green Oaks Blvd, Arlington, TX 76016
      View Details
    • $16 SF/Yr
      1,250 SF

      Arlington Office Space Available

      Office space for lease in Arlington, near Parks Mall.
      3901-3921 W Green Oaks Blvd, Arlington, TX 76016
      View Details
    • $3,000 /Mo
      2,300 SF

      Office Space for Rent

      Office space available for lease in Arlington, Texas.
      2401 W Green Oaks Blvd, Arlington, TX 76016
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    2404 Roosevelt Dr
    Dwg, TX 76016-5805
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!