4220 W Green Oaks Blvd Arlington, TX 76017
Property profile & analytics
4220 W Green Oaks Blvd Arlington, TX 76017
- Banks
- 7,254 SF
- 2.05 lot acres
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.
Location Intelligence
Current Use by Public Records
- Bank of America ATM (Drive-thru) / Atm / Financial Consultant
- Mortgage, Bank of America / Loan Service / Bank
- Bank of America (with Drive-thru ATM) / Bank / Loan Service
Property Details for 4220 W Green 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 estimation — 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
