Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    4000 Bagpiper Way Arlington, TX 76018-6055

    • Super regional malls
    • 65,841 SF
    • 8.42 lot acres
    OFF-MARKET
    Value Estimations
    $2,260,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US83-0676853
    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

    • Pinkberry / Frozen Yogurt Shop / Dessert Shop
    • Black-eyed Pea / Bar / Restaurant
    • Pluckers Wing Bar / Restaurant / Chicken Wings Restaurant
    • Dog Haus Biergarten / Bar / American Restaurant
    • Elite Spa & Nail / Beauty Salon / Nail Salon

    Property Details for 4000 Bagpiper Way

    Year built
    2006
    Lot size
    8.42 lot acres
    Property size
    65,841 SF
    Property type
    Super regional malls
    APN
    934-A-1R1
    APU
    934A1R1

    Value Estimations

    based on Realmo’s proprietary methodology

    • Alternative Use

      Use
      Estimation
      NEIGHBORHOOD: SHOPPING CENTER
      $3,150,000
      Current use

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

    Location Insight

    • Map
    • Local Demand
    City
    Arlington
    County
    Tarrant
    State
    Texas
    Longitude
    -97.105
    Latitude
    32.68
    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
    $338,343
    $1,833,090
    $15,063,782
    $16,896,872
    -
    $1,833,090
    $15,063,782
    $16,896,872

    Comparable in this City

    • Value Estimation
      $13,240,000
      569,876 SF

      3900 Arlington Highlands Blvd

      REGIONAL SHOPPING CENTER, MALL • 569,876 SF
      3900 Arlington Highlands Blvd, Arlington, TX 76018-6038
      View Details
    • Value Estimation
      $575,000
      8,465 SF

      241 Interstate 20

      REGIONAL SHOPPING CENTER, MALL • 8,465 SF
      241 Interstate 20, Arlington, TX 76018-1116
      View Details
    • Value Estimation
      $565,000
      8,500 SF

      201 Interstate 20

      REGIONAL SHOPPING CENTER, MALL • 8,500 SF
      201 Interstate 20, Arlington, TX 76018-1116
      View Details
    • Value Estimation by Request
      7,580 SF

      215 Interstate 20

      REGIONAL SHOPPING CENTER, MALL • 7,580 SF
      215 Interstate 20, Arlington, TX 76018-1116
      View Details
    • Value Estimation by Request
      6,500 SF

      401 Interstate 20

      REGIONAL SHOPPING CENTER, MALL • 6,500 SF
      401 Interstate 20, Arlington, TX 76018-1124
      View Details
    • Value Estimation
      $640,000
      18,000 SF

      231 Interstate 20

      REGIONAL SHOPPING CENTER, MALL • 18,000 SF
      231 Interstate 20, Arlington, TX 76018-1116
      View Details

    Similar Nearby for Sale

    • $15,545,000
      87,857 SF

      Leased Retail Center I-20 Frontage

      100% leased retail center with long-term leases and expansion potential.
      1530 W Interstate 20, Arlington, TX 76018
      View Details
    • $5,368,255
      5,610 SF

      Arlington Car Wash Investment Opportunity

      NNN leased Caliber Car Wash in Arlington, Texas for sale.
      4635 Matlock Rd, Arlington, TX 76018
      View Details
    • $380,000
      0.81 Acres

      Arlington Drive-Thru Pad Site

      0.81 acre commercial land, prime location.
      2021 Green Oaks Blvd, Arlington, TX 76018
      View Details
    • $2,631,024
      3.02 Acres

      Corner Lot on High-Traffic Intersection

      3.02 acre commercial land with development potential in Arlington, TX.
      6050 S Collins St, Arlington, TX 76018
      View Details
    • $622,908

      Arlington Commercial Pad Site

      1.43-acre commercial pad site in Arlington, TX for sale.
      4452 S Collins St, Arlington, TX 76018
      View Details
    • $351,200

      Prime Land For Development

      1.34 acre commercial land tract, ready for development.
      1701 E Bardin Rd, Arlington, TX 76018
      View Details

    Similar Nearby for Lease

    • $22 SF/Yr
      1,070 SF

      Retail Center on Matlock Road

      Highly visible retail center with frontage on Matlock Road.
      4508 Matlock Rd, Arlington, TX 76018
      View Details
    • Contact for pricing
      6,000 SF

      Arlington Retail Center Investment Opportunity

      Starbucks-anchored strip center, 1,200 SF available.
      4645 Matlock Rd, Arlington, TX 76018
      View Details
    • $18 SF/Yr
      19,233 SF

      Arlington Retail Center Investment Opportunity

      Prime Arlington retail space available.
      1100 Bardin Rd, Arlington, TX 76018
      View Details
    • Contact for pricing
      52,000 SF

      Retail Space in Arlington, Texas

      Retail property with high visibility and easy highway access.
      459 E I-20, Arlington, TX 76018
      View Details
    • $15 SF/Yr
      6,740 SF

      Arlington Retail Center Investment Opportunity

      High-traffic location, multiple spaces available.
      130 Bardin Rd, Arlington, TX 76018
      View Details
    • Contact for pricing
      750,000 SF

      Arlington Highlands Retail Center

      Prime Arlington retail space, 25 suites available.
      4001 Arlington Highlands Blvd, Arlington, TX 76018
      View Details

    Property Visit Statistics

    • Visits by month
      2.7k
    • Visitors by month
      2.4k
    • Avg Time on site
      25 min
    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.
    4000 Bagpiper Way
    Arlington, TX 76018-6055
    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.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.