Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    6516 New York Ave Arlington, TX 76002

    • Strip malls
    • 15,400 SF
    • 1.64 lot acres
    For Lease
    View listing
    Value Estimations
    $545,000
    Cap Rate Potential
    Location Intelligence
    Property ID
    US83-2969731
    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

    • D.C Cell Phone Repair / Cell Phone Store / Cell Phone Accessory Store
    • Solid Rock Church Arlington TX / Church
    • Tender Love Childcare / Day Care Center
    • Little Steps Academy / Day Care Center / After School Program
    • The Doll Factory Spa / Eyelash Salon / Day Spa

    Property Details for 6516 New York Ave

    Year built
    2008
    Lot size
    1.64 lot acres
    Property size
    15,400 SF
    Property type
    Strip malls
    Property subtype
    Neighborhood centers
    APN
    38485D--1
    APU
    38485D1

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $475,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $609,000
      Market price range: $327k - $818k

    • Alternative Use

      Use
      Estimation
      NEIGHBORHOOD: SHOPPING CENTER
      $575,000
      Current use

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

    Location Insight

    • Map
    • Local Demand
    City
    Arlington
    County
    Tarrant
    State
    Texas
    Longitude
    -97.0757
    Latitude
    32.6394
    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
    $39,085
    $286,624
    $1,774,769
    $2,061,393
    -
    $286,624
    $1,774,769
    $2,061,393

    Comparable in this City

    • Value Estimation
      $655,000
      12,600 SF

      1450 Debbie Ln

      SHOPPING CENTER, STRIP CENTER • 12,600 SF
      1450 Debbie Ln, Arlington, TX 76002-5072
      View Details
    • Value Estimation by Request
      9,623 SF

      6751 Matlock Rd

      SHOPPING CENTER, STRIP CENTER • 9,623 SF
      6751 Matlock Rd, Arlington, TX 76002-5114
      View Details
    • Value Estimation
      $630,000
      13,334 SF

      7221 Matlock Rd

      SHOPPING CENTER, STRIP CENTER • 13,334 SF
      7221 Matlock Rd, Arlington, TX 76002-3408
      View Details
    • Value Estimation
      $820,000
      18,775 SF

      8021 Matlock Rd

      SHOPPING CENTER, STRIP CENTER • 18,775 SF
      8021 Matlock Rd, Arlington, TX 76002-6700
      View Details
    • Value Estimation
      $825,000
      23,194 SF

      6201 Matlock Rd

      SHOPPING CENTER, STRIP CENTER • 23,194 SF
      6201 Matlock Rd, Arlington, TX 76002-2799
      View Details
    • Value Estimation
      $585,000
      10,875 SF

      8010 Matlock Rd

      SHOPPING CENTER, STRIP CENTER • 10,875 SF
      8010 Matlock Rd, Arlington, TX 76002-6706
      View Details

    Similar Nearby for Sale

    • $5,100,000
      21,975 SF

      Arlington Retail Investment Opportunity

      Retail property with below-market rents and strong tenant retention.
      7301 Matlock Rd, Arlington, TX 76002
      View Details
    • $600,000

      Commercial Land in Arlington, Texas

      Land with neighborhood commercial zoning, suitable for various commercial uses.
      6011 New York Ave, Arlington, TX 76002
      View Details
    • $565,000

      Arlington Land for Sale

      Land available for sale in Arlington, Texas.
      6881 Silo Rd, Arlington, TX 76002
      View Details
    • $1,829,521
      6.00 Acres

      Arlington Land For Sale

      6+ acre commercial land in rapidly expanding Arlington area.
      8101 S Collins St, Arlington, TX 76002
      View Details
    • $1,000,000

      Arlington Land with Mineral Rights

      Over 14 acres in Arlington with producing mineral rights.
      7301 Silo Rd, Arlington, TX 76002
      View Details
    • $500,000

      Land for Sale

      Land available for sale in Arlington, Texas.
      6851 Matlock Rd, Arlington, TX 76002
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      3,661 SF

      Retail Space Near Highway 360

      End-cap retail space near TCC College and Highway 360.
      6516 New York Ave, Arlington, TX 76002
      View Details
    • Contact for pricing
      2,400 SF

      Retail Center on Matlock Road

      Highly visible retail center with frontage on Matlock Road.
      7221 Matlock Rd, Arlington, TX 76002
      View Details
    • Contact for pricing
      1,375 SF

      Retail Space on Matlock Road

      Multi-tenant retail building with high visibility and traffic counts.
      8010 Matlock Rd, Arlington, TX 76002
      View Details
    • Contact for pricing
      18,536 SF

      Arlington Retail Center Opportunity

      Prime Arlington retail space, 1,082-3,918 sq ft available.
      8021 Matlock Rd, Arlington, TX 76002
      View Details
    • $32 SF/Yr
      12,900 SF

      Arlington Retail Center Investment Opportunity

      Prime Arlington retail space, 6,000 sq ft available.
      1450 Debbie Ln, Arlington, TX 76002
      View Details
    • Contact for pricing
      3,144 SF

      Retail Space on Debbie Lane

      Retail space available for lease with frontage on Debbie Lane.
      1305 Debbie Ln, Arlington, TX 76002
      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.
    6516 New York Ave
    Arlington, TX 76002
    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

    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.