601 Omega DrArlington, TX 76014

Property Details for 601 Omega Dr

Year built

1980

Lot size

0.96 AC

Property size (Sq ft)

11,680 SF

Property type

Healthcare properties

Property subtype

Medical offices

APN

460-2-5

APU

46025

Description

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.

• CAP approach

  CAP return

  Valuation

  6%

  $2,236,682

  6.5%

  $2,064,630

  7%

  $1,917,156

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,494,632

  Geo Method

  $3,496,875

• Alternative Use

  Use

  Valuation

  Residential

  $2,560,141

  Hospitality

  $2,345,076

  Educational

  $1,951,076

  Medical

  $2,018,176

  Retail

  $3,035,006

Location Insight

City

Arlington

County

Tarrant

State

Texas

Latitude

32.694

Longitude

-97.1133

CBSA code

19100

CBSA name

DALLAS-FORT WORTH-ARLINGTON, TX METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

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