Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    4615 Park Spgs Blvd Arlington, TX 76017
    Back to Search
    Property profile & analytics

    4615 Park Spgs Blvd, Arlington, TX 76017

    View on Map
    • Day care centers
    • 51,385 SF
    • 4.54 lot acres
    Off-Market
    Property ID
    US82-4466584
    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
    $1,805,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Day care centers

    Property Details for 4615 Park Spgs Blvd

    Year built
    1945
    Lot size
    4.54 lot acres
    Property type
    Day care centers
    APN
    26070-1-1R
    APU
    2607011R

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Feb 21, 2014 — Store Master Funding V LLC Childrens U Property LLC Grant Deed · related —
    Jan 2, 2014 — Store Master Funding V LLC Childrens U Property LLC Special Warranty Deed —
    Jun 29, 2012 — Childrens U Property LLC Kenner,vernon E & Mary L Grant Deed —
    Mar 19, 1998 — Vernon E Kenner — Grant Deed · related $1.1M · Southwest Bank
    — — Store Master Funding V LLC — Loan Modification · related —
    — — Vernon E Kenner — Deed Of Trust · related $3M · Southwest Securities Bank
    — — Vernon E Kenner — Deed Of Trust · related $1.7M · Southwest Bank

    Value Estimations

    based on Realmo’s proprietary methodology

    • Alternative Use

      Use
      Estimation
      COLLEGE, UNIVERSITY, VOCATIONAL SCHOOL - PRIVATE
      $2,700,000
      Current use
      OFFICE BUILDING
      $2,900,000
      Change: +7% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Arlington
    County
    Tarrant
    State
    Texas
    Longitude
    -97.1658
    Latitude
    32.6697
    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
    $70,035
    $207,742
    $4,593,068
    $4,800,810
    -
    $207,742
    $4,593,068
    $4,800,810

    Comparable in this City

    • Value Estimation by Request
      6,264 SF

      4141 Grn Oaks Blvd

      DAY CARE, PRE-SCHOOL
      4141 Grn Oaks Blvd, Arlington, TX 76017-4114
      View Details
    • Value Estimation by Request
      5,040 SF

      1235 Sublett Rd

      DAY CARE, PRE-SCHOOL
      1235 Sublett Rd, Arlington, TX 76017-6323
      View Details
    • Value Estimation by Request
      9,469 SF

      1865 Wimbledon Dr

      DAY CARE, PRE-SCHOOL
      1865 Wimbledon Dr, Arlington, TX 76017-7920
      View Details
    • Value Estimation
      $640,000
      12,366 SF

      4621 Sublett Rd

      DAY CARE, PRE-SCHOOL
      4621 Sublett Rd, Arlington, TX 76017-4093
      View Details
    • Value Estimation by Request
      9,042 SF

      4600 Gdn Cor Rd

      DAY CARE, PRE-SCHOOL
      4600 Gdn Cor Rd, Arlington, TX 76017-4097
      View Details
    • Value Estimation by Request
      5,956 SF

      4601 Hawkins Cemetery Rd

      DAY CARE, PRE-SCHOOL
      4601 Hawkins Cemetery Rd, Arlington, TX 76017-1019
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      Arlington Building: Special Purpose Potential

      Versatile 2,291 SF building in Arlington, ideal for special ventures.
      2000-2022 W Sublett Rd, Arlington, TX 76017
      View Details
    • Contact for pricing
      6,646 SF

      Arlington Auto Service NNN Property

      Freestanding Driver’s Edge with long-term lease and fixed rent increases.
      5611 S Cooper St, Arlington, TX 76017
      View Details
    • Contact for pricing
      7,000 SF

      Arlington Medical Office Building

      Freestanding medical office building with long-term tenant.
      4747 Little Rd, Arlington, TX 76017
      View Details
    • Contact for pricing

      Commercial Land with I-20 Frontage

      Commercial land with frontage on I-20 and Sara Jane Parkway.
      2379 W Interstate 20, Arlington, TX 76017
      View Details
    • Contact for pricing

      Arlington Land For Sale

      Land with visibility to Highway 287 in Arlington, TX.
      4850 S 287 Frontage Rd, Arlington, TX 76017
      View Details
    • Contact for pricing
      3,840 SF

      Arlington Office Building For Sale

      Office building in a convenient location, ready for immediate use.
      5150 Treepoint Dr, Arlington, TX 76017
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      5,377 SF

      Adaptable Church Campus for Lease

      Versatile spaces suitable for diverse uses, utilities included.
      2045 SE Green Oaks Blvd, Arlington, TX 76017
      View Details
    • $10 SF/Yr
      655,404 SF

      Church Campus with Leasable Rooms

      Flexible space for small businesses and non-profits, with utilities included and elevator access to second-floor rooms.
      2045 SE Green Oaks Blvd, Arlington, TX 76017
      View Details
    • $15 SF/Yr

      Arlington Office with High Visibility

      Modern office space in a strategic, highly visible Arlington location.
      6001-6077 W I-20, Arlington, TX 76017
      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 76017
      View Details
    • $4,000 /Mo
      77,624 SF

      Improved Shell Retail Suite

      Improved shell retail space with additional allowance, ideal for tailoring buildout to your tenant requirements.
      5312 Park Springs Blvd, Arlington, TX 76017
      View Details
    • Contact for pricing
      2,030 SF

      Retail Space in Grocery Anchored Center

      Retail space available in grocery store anchored shopping center.
      5904 S Cooper St, Arlington, TX 76017
      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.
    4615 Park Spgs Blvd
    Arlington, TX 76017
    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

    Thank You for Inquiry
    4615 Park Spgs Blvd, Arlington, TX, 76017
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!