Add Listing
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

    721 Abram St Arlington, TX 76013-6995

    • Office buildings
    • 3,438 SF
    • 0.35 lot acres
    OFF-MARKET
    Last Sale
    Jul 06, 2020
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US82-1186551
    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

    • Lederman Law Firm / Law Firm
    • Pillai Alpha School / Theater & Performing Art Venue / Vocational School
    • criminal defense law firm / Law Firm

    Property Details for 721 Abram St

    Year built
    1973
    Lot size
    0.35 lot acres
    Property size
    3,438 SF
    Property type
    Office buildings
    APN
    9140--3
    APU
    91403

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Arlington
    County
    Tarrant
    State
    Texas
    Longitude
    -97.1166
    Latitude
    32.7361
    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
    $7,966
    $75,660
    $268,140
    $343,800
    -
    $75,660
    $268,140
    $343,800

    Comparable in this City

    • Value Estimation by Request
      0.79 Acres

      2303 Superior Dr

      OFFICE BUILDING • 0.79 Acres
      2303 Superior Dr, Arlington, TX 76013
      View Details
    • Value Estimation
      $630,000
      9,344 SF

      1408 Abram St

      OFFICE BUILDING • 9,344 SF
      1408 Abram St, Arlington, TX 76013-1789
      View Details
    • Value Estimation by Request
      7,964 SF

      1400 Abram St

      OFFICE BUILDING • 7,964 SF
      1400 Abram St, Arlington, TX 76013-1705
      View Details
    • Value Estimation
      $520,000
      9,600 SF

      1140 Pioneer Pkwy

      OFFICE BUILDING • 9,600 SF
      1140 Pioneer Pkwy, Arlington, TX 76013-6390
      View Details
    • Value Estimation by Request
      4,799 SF

      1020 Main St

      OFFICE BUILDING • 4,799 SF
      1020 Main St, Arlington, TX 76013-1817
      View Details
    • Value Estimation by Request
      7,966 SF

      3214 Park Row Dr

      OFFICE BUILDING • 7,966 SF
      3214 Park Row Dr, Pantego, TX 76013-3136
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      6,450 SF

      Functional Office Building For Sale

      Modern office building suitable for professional or medical use.
      3214 W Park Row Dr, Pantego, TX 76013
      View Details
    • $695,000
      3,972 SF

      Arlington Office Building - Move-In Ready

      Prime Arlington office, modern & versatile.
      3901 Pioneer Pkwy, Arlington, TX 76013
      View Details
    • $725,000
      3,000 SF

      Pantego Converted Commercial Space

      Converted commercial space with warehouse in Pantego, TX.
      1927 Arkansas Ln, Pantego, TX 76013
      View Details
    • Contact for pricing

      Arlington Flex Office Warehouse

      Flex office warehouse with dock doors and gated parking.
      6005 W Pioneer Pkwy, Arlington, TX 76013
      View Details
    • $1,265,000
      1,072 SF

      Arlington Commercial Land For Sale

      1.9 acres of commercial land in prime Arlington location.
      1100 Milby Rd, Arlington, TX 76013
      View Details
    • $1,265,000
      1.90 Acres

      Arlington Commercial Land For Sale

      1.9 acres of commercial land in prime Arlington location.
      1100 Milby Rd, Arlington, TX 76013
      View Details

    Similar Nearby for Lease

    • $2,200 /Mo
      1,400 SF

      Updated Office Space in Arlington

      Updated commercial space ideal for professional uses in central Arlington.
      1311 W Abram St, Arlington, TX 76013
      View Details
    • $2,400 /Mo
      1,349 SF

      Arlington Office Space For Lease

      Well-maintained office space in east Arlington with immediate occupancy.
      1313 W Abram St, Arlington, TX 76013
      View Details
    • $930 /Mo
      45,390 SF

      Professional Office Building in Pantego

      Well-maintained office building with flexible suite configurations in Pantego, TX.
      3610 W Pioneer Pkwy, Pantego, TX 76013
      View Details
    • Contact for pricing

      Renovated Office Building in Arlington

      Renovated multi-tenant office building with convenient highway access.
      1301 S Bowen Rd, Arlington, TX 76013
      View Details
    • $19 SF/Yr
      2,370 SF

      Class A Office Building

      Class A office building with scenic views and ample parking.
      4025 Woodland Park Blvd, Arlington, TX 76013
      View Details
    • $1,140 /Mo
      20,647 SF

      Updated Office Space in Arlington

      Convenient office space near downtown Arlington with modern features.
      1307 W Abram St, Arlington, 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.
    721 Abram St
    Arlington, TX 76013-6995
    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.
    Sign Up Successful!
    You now have access to more from Realmo!