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    Property profile & analytics

    701 W Harris Rd Arlington, TX 76001

    • Grocery and convenience stores
    • 5,320 SF
    • 1.91 lot acres
    For Sale
    View listing
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US82-1172569
    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

    • QuikTrip / Gas Station
    • Western Union / Bank / Credit Union
    • ATM Transfund / Atm / Bank

    Property Details for 701 W Harris Rd

    Year built
    2009
    Lot size
    1.91 lot acres
    Property size
    5,320 SF
    Property type
    Grocery and convenience stores
    APN
    33204L-A-1
    APU
    33204LA1

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $395,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $769,000
      Market price range: $457k - $770k

    • Alternative Use

      Use
      Estimation
      SERVICE STATION (FULL SERVICE)
      $610,000
      Current use
      COMMERCIAL (GENERAL)
      $745,000
      Change: +22% Conversion: Difficult
      RESTAURANT
      $575,000
      Change: -6% Conversion: Difficult
      OFFICE BUILDING
      $525,000
      Change: -14% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Arlington
    County
    Tarrant
    State
    Texas
    Longitude
    -97.1161
    Latitude
    32.6272
    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
    $43,736
    $707,872
    $1,329,688
    $2,037,560
    -
    $707,872
    $1,329,688
    $2,037,560

    Comparable in this City

    • Value Estimation by Request
      3,311 SF

      4900 Sublett Rd

      CONVENIENCE STORE (W/FUEL PUMP) • 3,311 SF
      4900 Sublett Rd, Arlington, TX 76001-4859
      View Details
    • Value Estimation by Request
      3,335 SF

      6004 Cooper St

      CONVENIENCE STORE (W/FUEL PUMP) • 3,335 SF
      6004 Cooper St, Arlington, TX 76001-5614
      View Details
    • Value Estimation
      $595,000
      5,500 SF

      7219 Cooper St

      CONVENIENCE STORE (W/FUEL PUMP) • 5,500 SF
      7219 Cooper St, Arlington, TX 76001-6761
      View Details
    • Value Estimation by Request
      3,000 SF

      8127 Cooper St

      CONVENIENCE STORE (W/FUEL PUMP) • 3,000 SF
      8127 Cooper St, Arlington, TX 76001-7103
      View Details
    • Value Estimation by Request
      3,600 SF

      8475 Mansfield Hwy

      CONVENIENCE STORE (W/FUEL PUMP) • 3,600 SF
      8475 Mansfield Hwy, Arlington, TX 76001
      View Details
    • Value Estimation
      $1,745,000
      64,515 SF

      6220 Us 287th Hwy

      GROCERY, SUPERMARKET • 64,515 SF
      6220 Us 287th Hwy, Arlington, TX 76001-2800
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      5,476 SF

      QuikTrip NNN Lease Opportunity

      NNN lease with corporate guaranty by QuikTrip in Arlington, TX.
      701 W Harris Rd, Arlington, TX 76001
      View Details
    • Contact for pricing

      Retail Investment in Arlington Area

      11,320 SF retail building zoned for Cooper Street Markets.
      6401-6507 S Cooper St, Arlington, TX 76001
      View Details
    • $2,244,211

      Arlington Land with Development Potential

      Prime land in Arlington, TX, with flexible zoning options.
      7819-7827 S Cooper St, Arlington, TX 76001
      View Details
    • Contact for pricing
      22,371 SF

      Vacant Industrial Buildings For Sale

      Four vacant industrial buildings totaling +/- 69,651 SF.
      1201 S Commercial Blvd, Arlington, TX 76001
      View Details
    • Contact for pricing
      13,808 SF

      Vacant Industrial Buildings For Sale

      Four vacant industrial buildings totaling approximately 69,651 SF.
      1200 N Commercial Blvd, Arlington, TX 76001
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      7,326 SF

      Retail/Restaurant Space in Arlington, TX

      7,326 SF retail/restaurant space with patio opportunity.
      9584 Eden Rd, Arlington, TX 76001
      View Details
    • Contact for pricing
      6,000 SF

      Retail Space For Lease

      6,000 SF retail space available for lease.
      4500 Eden Rd, Arlington, TX 76001
      View Details
    • $15 SF/Yr
      1,864 SF

      Retail Space on South Cooper

      Retail space available for lease on South Cooper Street.
      7207-7209 S Cooper St, Arlington, TX 76001
      View Details
    • Contact for pricing
      4,009 SF

      Arlington Highlands Retail Space Available

      Premier retail development with spaces ranging from 1,289 to 30,000 SF.
      4000 Arlington Highlands Blvd, Arlington, TX 76001
      View Details
    • $23 SF/Yr
      1,350 SF

      Retail Center on South Cooper

      Retail center with second-generation restaurant space in high-traffic location.
      6204 S Cooper St, Arlington, TX 76001
      View Details
    • $18 SF/Yr
      1,753 SF

      Retail Space on Cooper Street

      Retail space available for lease in Arlington, Texas.
      7205-7209 S Cooper St, Arlington, TX 76001
      View Details
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    701 W Harris Rd
    Arlington, TX 76001
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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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