409 Central Park Drive

Off-Market

409 Central Park Drive, Arlington, TX 76014

This property is off-market. Unlock in-depth property data and market insights by signing up to CommercialEdge.

  • Property Type Office - Medical Office
  • Property Size 26,467 SF
  • Lot Size 3.78 Acre
  • Parking Spaces Avail. 121
  • Parking Ratio 4.60 / 1,000 SF
  • Property Tenancy Owner Occupied
  • Building Class B
  • Year Built 2006

Contacts

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Owner

  • True Owner
  • Registered Owner

Tenants

Suite Name Tenant Leased
Space
Rent Price Lease
Type
Space
Type
Lease Term
370 17th Street #5500 MERRILL, (303) 446-5500 23,824 SF $23/SF/YR Modified
Gross
General
Office
11/01/2014-
N/A
370 17th Street
#6000
Morrison & Foerster,
(303) 592-1500
10,710 SF $26/SF/YR Full
Service
General
Office
08/01/2013-
07/31/2023
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Documents

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Sales

  • Purchase Price
  • Arm's Length True
  • Buyer Name

Mortgages

  • Current Lender
  • Loan Origination Date
  • Loan Maturity Date

Market Trends

Average Actual Rents in Arlington

Average rents use actual signed leases, aggregated for your specific search area and asset type with Yardi Market Insight. Be confident your price is competitive, with CommercialEdge.

Current Average Rent
Net Rent
$44.3/SF/YR
Recoverables Show detailsHide details
$16.7/SF/YR
CAM
$3.54/SF/YR
Insurance
$0.59/SF/YR
Taxes
$9.52/SF/YR
Utilities
$1.76/SF/YR
Management Fees
$1.3/SF/YR
Total Rent
$61/SF/YR
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Occupancy & Leasing Activity
Occupancy
83.5%
Lease Spread
-20.5%
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Asking Rents in Arlington Office Market

Office rental rates are based on aggregated data of asking rates.

  • 2022 Avg. Asking Rent $22.67
  • 2022 Office Vacancy Rate 16.36%
  • 2022 Office Completions (SF)

Arlington Office Sales Trends

All sale prices are based on publicly recorded, verified sales.

  • 2022 Avg. Price per SF $151.46
  • Y-o-Y Avg. PpSF Change -0.54%
  • 2022 Office Sales Volume $51M
  • 2022 Number of Transactions 4
View more Arlington market trends

Location

Getting Around

  • Walk Score ®

    16/100 Car-Dependent
  • Bike Score ®

    39/100 Somewhat Bikeable
Powered by Walk Score ®
  • City Arlington, TX
  • Neighborhood Park Side Place
  • Zip Code 76014
  • Market Dallas Fort Worth

Points of Interest

  • Bell

    8.01 miles

  • CentrePort/DFW Airport

    9.07 miles

  • Richland Hills

    9.76 miles

  • Costco Gasoline

    0.80 miles

  • Valero

    1.04 miles

  • Chevron

    1.13 miles

  • RaceTrac

    1.25 miles

  • 7-Eleven

    1.26 miles

  • Shell

    1.27 miles

  • Exxon

    1.47 miles

  • RaceWay

    1.64 miles

  • Homewood Suites

    1.71 miles

  • Shell

    1.78 miles

  • UTA Parking

    1.94 miles

  • Kalpana Chawla Residents Parking Lot

    2.25 miles

  • Commuter Parking Lot

    2.29 miles

  • Maverick Parking Garage

    2.38 miles

  • Park South

    2.54 miles

  • Park Central

    2.60 miles

  • Park North

    2.63 miles

  • Lot 14

    3.44 miles

  • Lot 11

    3.51 miles

  • Lot 12

    3.59 miles

  • Quality Inn

    1.06 miles

  • Courtyard Dallas Arlington South

    1.07 miles

  • Residence Inn Dallas Arlington South

    1.13 miles

  • La Quinta Inn & Suites Dallas Arlington South

    1.34 miles

  • Fairfield Inn & Suites Dallas Arlington South

    1.75 miles

  • Super 8 by Wyndham Arlington East

    2.06 miles

  • Parkway Inn

    2.06 miles

  • Microtel Inn & Suites by Wyndham Arlington/Dallas Area

    2.45 miles

  • Days Inn

    3.78 miles

  • Super 8 Arlington Near AT&T Stadium

    4.01 miles

  • Tiba Grill

    0.41 miles

  • Burger Box

    0.77 miles

  • Jimmy John's

    0.85 miles

  • Waffle House

    0.89 miles

  • McAlister's Deli

    0.94 miles

  • McDonald's

    0.94 miles

  • Potbelly

    0.95 miles

  • Gloria's

    0.96 miles

  • Kincaid's Hamburgers

    0.98 miles

  • Wendy's

    0.99 miles

  • Burgin Elementary School

    0.30 miles

  • Morton Elementary School

    0.38 miles

  • McNutt Elementary School

    0.73 miles

  • Workman Junior High School

    0.95 miles

  • Amos Elementary School

    1.07 miles

  • Foster Elementary School

    1.09 miles

  • Goodman Elementary School

    1.35 miles

  • Gunn Junior High School

    1.38 miles

  • South Davis Elementary School

    1.41 miles

  • Blanton Elementary School

    1.48 miles

  • KidsPark

    0.99 miles

  • Bowen Road Day School

    3.33 miles

  • The Children's Courtyard

    4.08 miles

  • The Toddler's Den Early Learning Center

    6.89 miles

  • Linda-Kay Child Development Center

    9.63 miles

Frequently Asked Questions

What is the total square footage of 409 Central Park Drive?

409 Central Park Drive totals 26,467 square feet.

When was this property built?

409 Central Park Drive was built in 2006.

What is the property tax for 409 Central Park Drive?

The property tax for 409 Central Park Drive in 2023 was $133,416.

What is the market value for 409 Central Park Drive?

The market value* for 409 Central Park Drive in 2023 was $6,046,237.

*This represents the market value determined by the appropriate local tax/financial authority, and not the latest sale price or current market value based on recent sales.

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