Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    401 Bowen Rd Arlington, TX 76012-4817

    Property Lookup

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

    401 Bowen Rd Arlington, TX 76012-4817

    View on Map
    • Strip malls
    • 5,910 SF
    • 0.44 lot acres
    Off-Market
    Last Sale Apr 29, 2022
    Property ID
    US82-3614400
    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.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • DFW Glass Art / Museum
    • Refined collective gallery / Artist
    • Grey Area Studio / Factory / Industrial Manufacturer

    Property Details for 401 Bowen Rd

    Year built
    1973
    Lot size
    0.44 lot acres
    Property size
    5,910 SF
    Property type
    Strip malls
    Property subtype
    Shopping centers
    APN
    41940--5
    APU
    419405

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Arlington
    County
    Tarrant
    State
    Texas
    Longitude
    -97.1488
    Latitude
    32.7384
    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
    $6,576
    $38,560
    $299,374
    $337,934
    -
    $38,560
    $299,374
    $337,934

    Comparable in this City

    • Value Estimation
      $715,000
      27,382 SF

      1730 Randol Ml Rd Ste, Unit 146

      SHOPPING CENTER, STRIP CENTER • 27,382 SF
      1730 Randol Ml Rd Ste, Arlington, TX 76012-3009
      View Details
    • Value Estimation by Request
      11,151 SF

      965 Lamar Blvd

      SHOPPING CENTER, STRIP CENTER • 11,151 SF
      965 Lamar Blvd, Arlington, TX 76012-2053
      View Details
    • Value Estimation by Request
      15,959 SF

      138 Bowen Rd

      SHOPPING CENTER, STRIP CENTER • 15,959 SF
      138 Bowen Rd, Arlington, TX 76012-6608
      View Details
    • Value Estimation by Request
      1,736 SF

      1128 Division St

      SHOPPING CENTER, STRIP CENTER • 1,736 SF
      1128 Division St, Arlington, TX 76012-3916
      View Details
    • Value Estimation by Request
      3,957 SF

      2718 Division St

      SHOPPING CENTER, STRIP CENTER • 3,957 SF
      2718 Division St, Arlington, TX 76012-4805
      View Details
    • Value Estimation by Request
      12,147 SF

      2430 Davis Dr

      SHOPPING CENTER, STRIP CENTER • 12,147 SF
      2430 Davis Dr, Arlington, TX 76012-4170
      View Details

    Similar Nearby for Sale

    • $449,500
      0.27 Acres

      Arlington Commercial Property for Sale

      Versatile commercial property suitable for office, retail, or service business.
      1012 W Division St, Arlington, TX 76012
      View Details
    • Contact for pricing
      14,513 SF

      Retail Property with Long-Term Tenant

      Retail property occupied by Walgreens since 2002 with options.
      1116 W Lamar Blvd, Arlington, TX 76012
      View Details
    • Contact for pricing
      4,228 SF

      Versatile Commercial Building Near DFW

      Adaptable commercial space suitable for office, retail, or service businesses.
      1012 W Division St, Arlington, TX 76012
      View Details
    • Contact for pricing

      Versatile Arlington Property with Warehouses

      Showroom, office, warehouses, and land on 2.65 acres.
      1841 W Division St, Arlington, TX 76012
      View Details
    • $319,000
      0.14 Acres

      Updated Duplex Near UTA Campus

      Fully occupied, updated duplex near UTA. Great investment opportunity.
      518 Jordan Ln, Arlington, TX 76012
      View Details
    • $390,000
      0.10 Acres

      Arlington Duplex Near UTA

      Duplex in central Arlington near UTA, tenant-occupied, income-producing.
      2040 Oakwood Ct, Arlington, TX 76012
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      695 SF

      Retail Space Near Arlington Commons

      Retail space available near Arlington Commons and major attractions.
      826 W Lamar Blvd, Arlington, TX 76012
      View Details
    • Contact for pricing

      Former Bank Drive-Thru Site

      North Arlington infill pad site available for lease.
      745 W Lamar Blvd, Arlington, TX 76012
      View Details
    • Contact for pricing
      39,333 SF

      Arlington Retail Space Available

      Retail spaces available for lease in Arlington, Texas.
      1608-1664 W Randol Mill Rd, Arlington, TX 76012
      View Details
    • Contact for pricing

      Retail Space on Randol Mill

      Retail space available for rent on Randol Mill Road.
      1730 W Randol Mill Rd, Arlington, TX 76012
      View Details
    • Contact for pricing
      3,240 SF

      Retail/Restaurant Space Near Whole Foods

      Retail and restaurant spaces available near Whole Foods.
      803-841 E Lamar Blvd, Arlington, TX 76012
      View Details
    • $2,800 /Mo
      1,920 SF

      Retail Space on N Bowen

      Retail space available for lease on N Bowen Road.
      1004 N Bowen Rd, Arlington, TX 76012
      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.
    401 Bowen Rd
    Arlington, TX 76012-4817
    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!