1106 Randol Mill RdArlington, TX 76012

Property Details for 1106 Randol Mill Rd

Year built

1987

Lot size

0.85 AC

Property size (Sq ft)

8,100 SF

Property type

Office buildings

APN

9140--33R1

APU

914033R1

Description

This exceptional 8,000 square foot office building in Arlington, Texas, presents a unique investment opportunity. Situated on a 0.85-acre lot with approximately 250 feet of Randol Mill Road frontage, this property boasts high visibility and excellent accessibility. The building is currently configured as a duplex, offering four individual suites, each with its own electric meter. Two tenants occupy the space until April 2025, providing immediate income potential. One tenant is open to early termination, offering flexibility for an owner-occupier. The steel-frame construction ensures durability, while abundant windows throughout the building maximize natural light. The property includes a substantial 53-space parking lot, a significant advantage in this location. Both sides of the building have undergone recent, complete renovations, ensuring modern aesthetics and functionality. The building's design allows for conversion back to a fourplex, providing further versatility and potential for increased rental income. This property is ideal for an owner-user seeking to occupy a portion of the space while generating income from the remaining suites. The combination of high visibility, ample parking, recent renovations, and flexible configuration makes this an attractive investment opportunity in a thriving Arlington location.

• CAP approach

  CAP return

  Valuation

  6%

  $1,551,124

  6.5%

  $1,431,807

  7%

  $1,329,535

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,036,517

  Geo Method

  $2,425,059

• Alternative Use

  Use

  Valuation

  Residential

  $1,775,440

  Hospitality

  $1,626,294

  Educational

  $1,353,058

  Medical

  $1,399,591

  Retail

  $2,104,756

Location Insight

City

Arlington

County

Tarrant

State

Texas

Latitude

32.7498

Longitude

-97.1225

CBSA code

19100

CBSA name

DALLAS-FORT WORTH-ARLINGTON, TX METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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