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

    5600 New York Ave Arlington, TX 76018-1808

    • Drug stores
    • 13,785 SF
    • 1.96 lot acres
    OFF-MARKET
    Last Sale
    Sep 02, 2021
    Value Estimations
    $820,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US82-4445357
    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

    • Walgreens Photo / Passport Photo Processor / Photo Lab
    • Walgreens Pharmacy / Pharmacy
    • FedEx OnSite / Mailing Service
    • Western Union / Money Transfer Service
    • COVID-19 Drive-Thru Testing at Walgreens / Pharmacy

    Property Details for 5600 New York Ave

    Year built
    1999
    Lot size
    1.96 lot acres
    Property size
    13,785 SF
    Property type
    Drug stores
    APN
    8662J-11-1R
    APU
    8662J111R

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $510,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $1,125,000
      Market price range: $481k - $1.41M

    • Alternative Use

      Use
      Estimation
      RETAIL STORES
      $850,000
      Current use
      OFFICE BUILDING
      $1,365,000
      Change: +60% Conversion: Easy
      MEDICAL BUILDING
      $1,205,000
      Change: +42% Conversion: Difficult
      AUTO REPAIR, GARAGE
      $1,120,000
      Change: +32% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Arlington
    County
    Tarrant
    State
    Texas
    Longitude
    -97.0777
    Latitude
    32.6546
    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
    $47,727
    $769,959
    $1,456,319
    $2,226,278
    -
    $769,959
    $1,456,319
    $2,226,278

    Comparable in this City

    • Value Estimation
      $725,000
      11,200 SF

      1901 Grn Oaks Blvd

      DRUG STORE, PHARMACY • 11,200 SF
      1901 Grn Oaks Blvd, Arlington, TX 76018-0928
      View Details
    • Value Estimation
      $765,000
      13,741 SF

      100 Grn Oaks Blvd

      DRUG STORE, PHARMACY • 13,741 SF
      100 Grn Oaks Blvd, Arlington, TX 76018-1640
      View Details
    • Value Estimation
      $745,000
      12,085 SF

      6151 Matlock Rd

      DRUG STORE, PHARMACY • 12,085 SF
      6151 Matlock Rd, Arlington, TX 76018-2206
      View Details
    • Value Estimation by Request
      0.30 Acres

      6151 Matlock Rd

      DRUG STORE, PHARMACY • 0.30 Acres
      6151 Matlock Rd, Arlington, TX 76018-2206
      View Details
    • Value Estimation by Request
      4,257 SF

      4312 Matlock Rd

      RETAIL STORES (PERSONAL SERVICES) • 4,257 SF
      4312 Matlock Rd, Arlington, TX 76018-1015
      View Details
    • Value Estimation by Request
      4,095 SF

      4600 Matlock Rd

      CONVENIENCE STORE (W/FUEL PUMP) • 4,095 SF
      4600 Matlock Rd, Arlington, TX 76018-1012
      View Details

    Similar Nearby for Sale

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      Leased Retail Center I-20 Frontage

      100% leased retail center with long-term leases and expansion potential.
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      3.02 acre commercial land with development potential in Arlington, TX.
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    Similar Nearby for Lease

    • $22 SF/Yr
      1,070 SF

      Retail Center on Matlock Road

      Highly visible retail center with frontage on Matlock Road.
      4508 Matlock Rd, Arlington, TX 76018
      View Details
    • Contact for pricing
      4,000 SF

      Retail Space Available, New Construction

      New construction retail space available for lease in Arlington, TX.
      4501 South Collins St, Arlington, TX 76018
      View Details
    • Contact for pricing
      11,629 SF

      Retail Space Near Interstate 20

      Retail space with high visibility and renovated parking lot.
      1520 West Interstate 20, Arlington, TX 76018
      View Details
    • Contact for pricing
      750,000 SF

      Arlington Highlands Retail Center

      Prime Arlington retail space, 25 suites available.
      4001 Arlington Highlands Blvd, Arlington, TX 76018
      View Details
    • $15 SF/Yr
      6,740 SF

      Arlington Retail Center Investment Opportunity

      High-traffic location, multiple spaces available.
      130 Bardin Rd, Arlington, TX 76018
      View Details
    • Contact for pricing
      6,000 SF

      Arlington Retail Center Investment Opportunity

      Starbucks-anchored strip center, 1,200 SF available.
      4645 Matlock Rd, Arlington, TX 76018
      View Details
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    5600 New York Ave
    Arlington, TX 76018-1808
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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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