500 E Border St Arlington, TX 76010
Property profile & analytics
500 E Border St, Arlington, TX 76010
- Office buildings
- 289,419 SF
- 11.01 lot acres
Property ID
US83-3771430
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
- Franchise Opportunities Services / Business Broker
- Arlington Garage Door Center / Hardware & Home Improvement / Production Facility
- Ace Hardware Spring Center / Auto Parts Store
- Image 212 Sign Company - Arlington / (Bike/Boat/Book/etc) Store / Printing Service
- G & R Gutter Cleaning Services / Hardware & Home Improvement / General Contractor
Property Details for 500 E Border St
- Year built
- 1982
- Lot size
- 11.01 lot acres
- Property type
- Office buildings
- APN
- 41568--1
- APU
- 415681
Description
This exceptional Class A office building, the Chase Bank Tower, presents a compelling investment opportunity in Arlington, Texas. Located at 500 E Border St, 76010, this multi-tenant property boasts 271,078 square feet situated on an expansive 11.01-acre lot. Built in 1983, the building offers a strong 8.00% capitalization rate and a current NOI of $1,957,439, with an asking price of $24,977,975. The current occupancy rate stands at 62.8%, presenting significant upside potential. The price per square foot is $92.14, considerably below replacement cost. A key strength is the presence of JP Morgan Chase as a significant anchor tenant, occupying the property since 2006. The property benefits from its convenient location near the Arlington Entertainment District, including AT&T Stadium, Texas Live!, Six Flags, and Globe Life. The building features Class A interior finishes and a newly added grab-and-go eatery in the lobby. Furthermore, three new long-term leases, averaging eight years remaining, contribute nearly 17% to the current occupancy. The average current rental rate is $19.03 per square foot. This property offers a rare combination of strong cash flow, significant upside potential, and a prime location in a thriving market.
Value Estimations
based on Realmo’s proprietary methodology
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AI approach
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CAP approach
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Comparable approach
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Alternative Use
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Location Insight
- Map
- Local Demand
- City
- Arlington
- County
- Tarrant
- State
- Texas
- Longitude
- -97.1015
- Latitude
- 32.7326
- 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
$488,886
$1,222,967
$19,726,286
$20,949,253
-
$1,222,967
$19,726,286
$20,949,253
