Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    4651 Sublett Rd Arlington, TX 76017-4093
    Back to Search
    Property profile & analytics

    4651 Sublett Rd Arlington, TX 76017-4093

    View on Map
    • Retail space
    • 9,510 SF
    • 0.93 lot acres
    Off-Market
    Property ID
    US82-5162790
    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

    • Western Union / Bank / Credit Union
    • Dollar General / Discount Store

    Property Details for 4651 Sublett Rd

    Year built
    2010
    Lot size
    0.93 lot acres
    Property size
    9,510 SF
    Property type
    Retail space
    APN
    40653K--3R
    APU
    40653K3R

    Description

    Offered for sale is a prime retail investment opportunity: a 9,510-square-foot Dollar General storefront in Arlington, Texas. This single-tenant, net-lease property boasts a strong corporate guarantee from a Fortune 500 company (Dollar General Corporation, rated BBB by S&P). The lease, originally commencing September 2, 2009, has a remaining term of approximately 5.8 years, with three additional 5-year renewal options, each including a 10% rent increase. The property sits on a sizable 1.13-acre lot, providing ample parking and multiple access points. Its excellent visibility is enhanced by its location on Sublett Road (16,319 vehicles per day) near US 287 (86,427 vehicles per day). The surrounding area demonstrates strong demographics, with over 214,178 residents within a five-mile radius and an average household income exceeding $110,488. This location benefits from its proximity to Sublett Marketplace, featuring national retailers such as Kroger, LA Fitness, Chick-fil-A, Whataburger, and Starbucks, further enhancing its appeal and accessibility. The property's current Net Operating Income (NOI) is $96,868, resulting in a 6.25% cap rate, based on the asking price of $1,550,000. Built in 2010, this property presents a compelling investment opportunity with a secure tenant, long-term lease, and strong location characteristics.

    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
    -97.1818
    Latitude
    32.6476
    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
    $30,641
    $241,758
    $1,178,242
    $1,420,000
    -
    $241,758
    $1,178,242
    $1,420,000

    Comparable in this City

    • Value Estimation
      $645,000
      15,300 SF

      4515 Cooper St

      RETAIL STORES (PERSONAL SERVICES) • 15,300 SF
      4515 Cooper St, Arlington, TX 76017-5825
      View Details
    • Value Estimation by Request
      6,000 SF

      5865 Cooper St

      RETAIL STORES (PERSONAL SERVICES) • 6,000 SF
      5865 Cooper St, Arlington, TX 76017-4445
      View Details
    • Value Estimation by Request
      5,520 SF

      4605 Cooper St

      RETAIL STORES (PERSONAL SERVICES) • 5,520 SF
      4605 Cooper St, Arlington, TX 76017-5827
      View Details
    • Value Estimation by Request
      3,496 SF

      721 Grn Oaks Blvd

      RETAIL STORES (PERSONAL SERVICES) • 3,496 SF
      721 Grn Oaks Blvd, Arlington, TX 76017-6277
      View Details
    • Value Estimation by Request
      2,585 SF

      5400 Cooper St

      RETAIL STORES (PERSONAL SERVICES) • 2,585 SF
      5400 Cooper St, Arlington, TX 76017-6108
      View Details
    • Value Estimation by Request
      2,291 SF

      2002 Sublett Rd

      RETAIL STORES (PERSONAL SERVICES) • 2,291 SF
      2002 Sublett Rd, Arlington, TX 76017
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      6,926 SF

      Bank of America Investment Opportunity

      Single tenant Bank of America property for sale in Arlington, TX.
      4220 W Green Oaks Blvd, Arlington, TX 76017
      View Details
    • $6,281,870
      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

      Arlington Building: Special Purpose Potential

      Versatile 2,291 SF building in Arlington, ideal for special ventures.
      2000 W Sublett Rd, Arlington, TX 76017
      View Details
    • $850,000
      0.69 Acres

      Arlington Land with Development Potential

      Land with approved plats for custom home development in Arlington.
      5148 Treepoint Dr, Arlington, TX 76017
      View Details
    • Contact for pricing

      Land Ready to Build

      Ready to build lot located on S. Cooper Street.
      4708 S Cooper St, Arlington, TX 76017
      View Details
    • $49,900
      0.26 Acres

      Residential Land in Central Arlington

      Treed lot near amenities, easy highway access.
      4609 Oak Creek Dr, Arlington, TX 76017
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      1,500 SF

      Retail Space For Lease

      Retail space suitable for service, medical, and restaurant businesses.
      5425 S Cooper St, Arlington, TX 76017
      View Details
    • $18 SF/Yr
      1,953 SF

      Retail Complex at Lighted Intersection

      Multi-tenant retail complex with easy access and high visibility.
      1110 E Bardin Rd, Arlington, TX 76017
      View Details
    • Contact for pricing
      30,500 SF

      Retail Space at Signalized Intersection

      Retail space with high visibility and easy access.
      5700-5781 SW Green Oaks Blvd, Arlington, TX 76017
      View Details
    • Contact for pricing
      2,807 SF

      Retail, Office, Medical Space Available

      Two-story center suited for retail, office, and medical use.
      5001-5005 S Cooper St, Arlington, TX 76017
      View Details
    • Contact for pricing
      2,200 SF

      Retail Space Available for Lease

      Retail space available in a high-traffic location.
      2302-2306 W Green Oaks Blvd, Arlington, TX 76017
      View Details
    • Contact for pricing
      1,035 SF

      Retail Space Near Parks Mall

      Retail space available near The Parks Mall at Arlington.
      5201 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.
    4651 Sublett Rd
    Arlington, TX 76017-4093
    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
    4651 Sublett Rd, 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!