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Property profile & analytics
FOR LEASE
Community centers
5904 S Cooper St Arlington, TX 76017
Entity Owned
Absentee Owner
Free & Clear
Property ID
US82-2251623
For Lease
1 / 2
$1,800,000
5904 S Cooper St, Arlington, TX 76017
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Property summary
AI-generated overview
Sublett Corners Shopping Center, located at 5904 S Cooper St, Arlington, TX 76017 (Tarrant County), presents a compelling retail investment opportunity. This 84,983 square foot, multi-tenant shopping center boasts a diverse mix of 15 tenants, including national brands like Dollar Tree, Crunch Fitness, Fuzzy's Taco Shop, Supercuts, Plato's Closet, and H&R Block, along with local favorites like Cato's and Smoke ‘N Ash BBQ. The center is situated on a 10.04-acre lot and comprises three buildings, constructed in 1999, with a permitted Community Commercial zoning. Currently operating at 96.01% occupancy, the center benefits from a strong location within a densely populated area, with over 120,000 people residing within a three-mile radius and average household incomes exceeding $122,000. The property enjoys high traffic counts, exceeding 55,000 vehicles per day, and is shadow-anchored by an Albertsons. The lease type is NNN, with below-market rents
Property profile
Verified
Property type
Community centers
Use group
MINI-MALL
Year built
1999
Total area
84,782 SF
Lot
9.17 ac (399,576 SF)
APN
40330--44CR4
UPID
US82-2251623
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Fuzzy's Taco Shop Restaurant
-
Arlington Gun Academy Building Supply General Contractor
-
Erinn's Creations Florist (Bike/Boat/Book/etc) Store Florist
-
New Century DFW Real Estate Agency
-
CBD American Shaman Arlington (Bike/Boat/Book/etc) Store Pharmacy
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.80M
Owner & transaction history
VENTURE SUBLETT CORNERS
VENTURE SUBLETT CORNERS
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Arlington submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Arlington submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RETAIL STORES
$2,845,000
Change: -10% · Conversion: Easy
Blend value · Realmo final
$1.80M
Range $1.62M – $1.98M · ±10%
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$21 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$232,759
Tax year 2023
Assessed value
$10,509,600
Assessed 2024
Previous assessed
$10,390,250
+1.1% YoY
Effective rate
2.21%
On assessed value
Assessed land
$4,794,911
Assessed improvement
$5,714,689
Land market value
$4,794,911
Improvement market value
$5,714,689
Total market value
$10,509,600
Applied tax rate
224.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Community centers
Use group
MINI-MALL
Status
For Lease
Year built
1999
Heating
NONE
Stories
1
Total area
84,782 SF
Lot
9.17 ac (399,576 SF)
APN
40330--44CR4
UPID
US82-2251623
Jurisdiction
TARRANT
Metro division
FORT WORTH-ARLINGTON, TX METROPOLITAN DIVISION
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
RETAIL STORES
Est. value
$2.8M
RETAIL STORES
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1999
Heating
NONE
Stories
1
Lot
9.17 ac
Current owner
From public records · entity-resolved
VENTURE SUBLETT CORNERS
Individual
Free & Clear · 0 yrs held
Mailing address
8235 DOUGLAS AVE STE #720, DALLAS, TX 75225-6007
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
—
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
No recorded transactions
No recorded transactions found for this property.
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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