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Property profile & analytics
FOR LEASE
Medical Office Space
601 Omega Dr Arlington, TX 76014
Individually Owned
7-yr Hold
Absentee Owner
Free & Clear
Property ID
US82-2579458
For Lease
1 / 16
Contact for pricing
601 Omega Dr, Arlington, TX 76014
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Property summary
AI-generated overview
This exceptional Arlington, Texas medical office building at 601 Omega Drive offers ±11,934 square feet of leasable space in a Class B building constructed in 1980. The property is situated in Tarrant County, zip code 76014, and features multiple tenancy options. Available suites range from approximately 4,310 to 11,495 square feet, providing flexibility for various healthcare practices. Its convenient location adjacent to Medical City Arlington ensures high visibility and accessibility for patients. The building's second-generation status presents an opportunity for tenants to benefit from a Tenant Improvement Allowance (TIA) to customize the space to their specific needs. This makes it an ideal location for medical professionals seeking a modern and functional workspace in a thriving medical hub. The property's strategic location and ample space make it a compelling opportunity for growth and expansion. This is a rare chance to secure a well-positioned medical office space in a high-demand area.
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
1980
Total area
11,680 SF
Lot
0.96 ac (41,818 SF)
APN
460-2-5
UPID
US82-2579458
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
-
Dr. Lydia A. Bishop, MD Pediatrician Medical Clinic
-
Mirna Masri Alternative Medicine Practice
-
Tai Do MD Physician
-
Prysca Mbi Pediatrician Physician
-
Long Nguyen MD Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Fort Worth Iransportation Auth · 7 yrs held
Fort Worth Iransportation Auth
since 2018
2 recorded transactions
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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$17,653
Tax year 2023
Assessed value
$951,132
Assessed 2024
Previous assessed
$800,000
+18.9% YoY
Effective rate
1.86%
On assessed value
Assessed land
$209,090
Assessed improvement
$742,042
Land market value
$209,090
Improvement market value
$742,042
Total market value
$951,132
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
Medical Office Space
Use group
MEDICAL BUILDING
Status
For Lease
Year built
1980
Heating
NONE
Stories
1
Total area
11,680 SF
Lot
0.96 ac (41,818 SF)
APN
460-2-5
UPID
US82-2579458
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
Building & site characteristics
From public records
Year built
1980
Heating
NONE
Stories
1
Lot
0.96 ac
Current owner
From public records · entity-resolved
Fort Worth Iransportation Auth
Individual
Free & Clear · 7 yrs held
Mailing address
3049 LOCH MDW CT STE #304, SOUTHLAKE, TX 76092-2618
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2018
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 16, 2018
—
Fort Worth Iransportation Auth
Purina Mills LLC
Warranty Deed
related
—
—
—
Rp Partners Ltd
—
Deed Of Trust
related
$4,650,000 · Texas Capital Bank NA
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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