Your AI Navigator in Commercial Real Estate
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
    Property profile & analytics

    703 Benge Dr Arlington, TX 76013-2606

    • Motels
    • 22,200 SF
    • 1.42 lot acres
    OFF-MARKET
    Value Estimations
    $660,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US83-3688022
    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

    • Motel 6 Arlington, TX - UTA / Motel / Hotel

    Property Details for 703 Benge Dr

    Year built
    1981
    Lot size
    1.42 lot acres
    Property size
    22,200 SF
    Property type
    Motels
    APN
    8170--B2
    APU
    8170B2

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $660,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Arlington
    County
    Tarrant
    State
    Texas
    Longitude
    -97.1154
    Latitude
    32.725
    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
    $55,164
    $279,000
    $1,871,000
    $2,150,000
    -
    $279,000
    $1,871,000
    $2,150,000

    Comparable in this City

    • Value Estimation
      $280,000
      4,718 SF

      719 Abram St

      BED & BREAKFAST • 4,718 SF
      719 Abram St, Arlington, TX 76013-6995
      View Details
    • Value Estimation by Request
      1.08 Acres

      5501 Pioneer Pkwy

      VACANT COMMERCIAL LAND • 1.08 Acres
      5501 Pioneer Pkwy, Arlington, TX 76013
      View Details
    • Value Estimation
      $255,000
      0.79 Acres

      2303 Superior Dr

      OFFICE BUILDING • 0.79 Acres
      2303 Superior Dr, Arlington, TX 76013
      View Details
    • Value Estimation by Request
      0.56 Acres

      3208 Park Row Dr

      VACANT COMMERCIAL LAND • 0.56 Acres
      3208 Park Row Dr, Pantego, TX 76013-3136
      View Details
    • Value Estimation
      $280,000
      0.29 Acres

      1925 Pioneer Pkwy

      WAREHOUSE, STORAGE • 0.29 Acres
      1925 Pioneer Pkwy, Pantego, TX 76013-6187
      View Details
    • Value Estimation
      $310,000
      0.59 Acres

      1816 Pioneer Pkwy

      SHOPPING CENTER, STRIP CENTER • 0.59 Acres
      1816 Pioneer Pkwy, Arlington, TX 76013-6105
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      22.06 Acres

      Arlington Industrial Land - 22 Acres

      Prime Arlington industrial land, ideal infill location.
      5661 Pioneer Pkwy, Arlington, TX 76013
      View Details
    • $1,350,000
      2,436 SF

      Prime Restaurant Opportunity in Pantego

      0.45 AC QSR shell in the heart of DFW.
      2424 W Park Row Dr, Pantego, TX 76013
      View Details
    • $299,000
      0.48 Acres

      Commercial Acre Near Cooper Street

      Commercial land near Cooper Street with potential for development.
      709 Lynda Ln, Arlington, TX 76013
      View Details
    • New
      $489,900
      0.21 Acres

      Shady Valley Duplex: Income Potential

      Full duplex with updates, rental income, and no HOA.
      3514 Shady Valley Dr, Pantego, TX 76013
      View Details
    • $300,000
      1,396 SF

      Arlington Duplex Investment Opportunity

      Eight-unit rental portfolio near UTA, stadiums, and hospital.
      303 Elliott St, Arlington, TX 76013
      View Details
    • $1,375,000
      1,072 SF

      Arlington Commercial Land Opportunity

      Prime 1.9-Acre Commercial Lot, Redevelopment Ready
      1100 Milby Rd, Arlington, TX 76013
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      17,210 SF

      Arlington Office & Retail Space

      Prime Arlington location, recently renovated.
      1300 Bowen Rd, Arlington, TX 76013
      View Details
    • $14 SF/Yr
      9,600 SF

      Arlington Office Space for Lease

      Prime Arlington Office Suites, Flexible Sizes
      1180 Pioneer Pkwy, Arlington, TX 76013
      View Details
    • Contact for pricing
      9,487 SF

      Arkansas & Cooper Retail Space

      Arlington Retail Center: 1,462 SF Available
      0 Arkansas Ln, Arlington, TX 76013
      View Details
    • $19 SF/Yr
      2,550 SF

      Arlington Executive Office Suite

      Prime Arlington Office, 2,550 SF, 1 Acre Lot
      1419 Arkansas Ln, Arlington, TX 76013
      View Details
    • $850 /Mo
      17,685 SF

      Renovated Office Suites Available

      Office suites for lease with shared amenities and utilities included.
      2204 Park Springs Blvd, Arlington, TX 76013
      View Details
    • $15 SF/Yr
      164 SF

      Office Space Near UTA

      Office and storage options with easy highway access.
      2200 Smith Barry Rd, Pantego, TX 76013
      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.
    703 Benge Dr
    Arlington, TX 76013-2606
    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.