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

    4220 Grn Oaks Blvd Arlington, TX 76016-4446

    • Banks
    • 7,254 SF
    • 2.05 lot acres
    OFF-MARKET
    Value Estimations
    $590,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US82-0495432
    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

    • Bank of America ATM (Drive-thru) / Atm / Financial Consultant
    • Mortgage, Bank of America / Mortgage Broker / Mortgage Lender
    • Bank of America (with Drive-thru ATM) / Financial Consultant / Financial Planner

    Property Details for 4220 Grn Oaks Blvd

    Year built
    2003
    Lot size
    2.05 lot acres
    Property size
    7,254 SF
    Property type
    Banks
    APN
    34060--1B
    APU
    340601B

    Description

    Exceptional investment opportunity featuring a Bank of America branch in Arlington, Texas. This single-tenant, fee-simple property boasts a 6,926 square foot building on a 2.05-acre lot with 63 parking spaces. Built in 2003 and renovated in 2021, the property is zoned for Community Commercial use and features a 24-year lease with a remaining term of 2.9 years, expiring October 31, 2027. The lease includes annual 2% rent bumps, with two 5-year lease options. The current asking price is $5,430,000, representing a 5.63% cap rate and a price per square foot of $784. The property enjoys 100% occupancy since its opening in November 2003, generating a strong NOI of $305,775. Landlord responsibilities are capped at $92,946.92 annually, covering roof and structure maintenance. The tenant, Bank of America, is a credit-rated national institution with substantial deposits exceeding $331,000,000, ranking among the top performers in Tarrant County. The property's location in a high-traffic area along the I-20 corridor offers significant barriers to entry for competitors and potential for future redevelopment given the ample lot size. This presents a secure, high-performing investment with proven rent growth and minimal landlord responsibilities. The recent price reduction makes this an even more compelling opportunity.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $475,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $700,000
      Market price range: $532k - $838k

    • Alternative Use

      Use
      Estimation
      FINANCIAL BUILDING
      $660,000
      Current use
      RESTAURANT
      $785,000
      Change: +19% Conversion: Difficult
      MEDICAL BUILDING
      $635,000
      Change: -4% Conversion: Difficult
      AUTO REPAIR, GARAGE
      $590,000
      Change: -11% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Arlington
    County
    Tarrant
    State
    Texas
    Longitude
    -97.1973
    Latitude
    32.6805
    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
    $56,345
    $962,377
    $1,591,154
    $2,553,531
    -
    $962,377
    $1,591,154
    $2,553,531

    Comparable in this City

    • Value Estimation
      $420,000
      4,565 SF

      4330 Little Rd

      FINANCIAL BUILDING • 4,565 SF
      4330 Little Rd, Arlington, TX 76016-5603
      View Details
    • Value Estimation
      $545,000
      8,661 SF

      5905 Poly Webb Rd

      FINANCIAL BUILDING • 8,661 SF
      5905 Poly Webb Rd, Arlington, TX 76016-4319
      View Details
    • Value Estimation
      $380,000
      3,034 SF

      4351 Little Rd

      FINANCIAL BUILDING • 3,034 SF
      4351 Little Rd, Arlington, TX 76016-5604
      View Details
    • Value Estimation
      $520,000
      8,661 SF

      5905 Poly Webb Rd

      FINANCIAL BUILDING • 8,661 SF
      5905 Poly Webb Rd, Arlington, TX 76016-4319
      View Details
    • Value Estimation
      $1,165,000
      58,815 SF

      5701 Pleasant Rdg Rd

      GROCERY, SUPERMARKET • 58,815 SF
      5701 Pleasant Rdg Rd, Arlington, TX 76016-4424
      View Details
    • Value Estimation
      $260,000
      2,400 SF

      5112 Arkansas Ln

      RETAIL STORES (PERSONAL SERVICES) • 2,400 SF
      5112 Arkansas Ln, Arlington, TX 76016-1901
      View Details

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      Freestanding Drive-Thru Restaurant Opportunity

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      Arlington Corner Property For Sale

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    Similar Nearby for Lease

    • Contact for pricing
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      Retail Space in Established Center

      Retail space in a shopping center with ample parking.
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      View Details
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      Retail Space Available For Lease

      Retail space for lease, partially built out, 740 square feet.
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      View Details
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      Arlington Retail Strip Center

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      Arlington Retail Center - Prime Location

      High-traffic retail space, multiple units available.
      4400 Little Rd, Arlington, TX 76016
      View Details
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    4220 Grn Oaks Blvd
    Arlington, TX 76016-4446
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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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