Add Listing
    For Sale
    • 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

    8501 Mid Cities Blvd North Richland Hills, TX

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Sale
    Contact for pricing

    Fully leased commercial property with high visibility and excellent location.

    Type:OFFICE
    Property size:
    5,086 SF
    Lot size:
    0.67 Acres
    Price / SF:
    $367/SF
    Added:
    Feb 6, 2023
    Days on Market:
    1176
    Last Refresh:
    Apr 5 at 11:26 pm

    Property Features for 8501 Mid Cities Blvd

    General Information

    Standard status
    Active
    Size
    5,086 SF
    Lot size
    0.67 Acres
    Property subtype
    OFFICE

    We can help!

    Listing Contact
    Russ Webb
    Russ Webb

    Listing agent Russ Webb License #0488983

    Listing office Silver Oak Commercial Realty

    Listing date Feb 6, 2023

    Source Moodyscre

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    All listing content including descriptions, pricing, images are the copyrighted material of Silver Oak Commercial Realty

    Overview

    North Richland Hills Leased Property

    This 5086 square foot property is 100% leased and occupied by a national credit tenant and a medical spa. The property benefits from frontage on Mid-Cities Boulevard, providing excellent visibility, and offers both monument and building signage opportunities. Situated on the hard corner of a prominent, lighted intersection at Mid-Cities Boulevard and Amundson Drive, the location is directly in front of Stonecreek Assisted Living Center and within minutes of multiple hospitals, restaurants, and shopping. Its location provides convenient access to Highways 121, 183, 26, 377, and I-820.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Medical Office Space

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

    • Moses Animal Clinic — 688 Grapevine Hwy, Hurst, TX 76054
    • Thrive Pet Healthcare - Hurst — 520 Grapevine Hwy Suite 400 400, Hurst, TX 76054
    • Boland Vet Sales — 729 Grapevine Hwy, Hurst, TX 76054

    Location Insight

    • Map
    • Local Demand
    City
    North Richland Hills
    County
    Tarrant
    State
    Texas
    Longitude
    -97.2007
    Latitude
    32.8625

    Nearby Similar for Sale

    • $899,000

      North Richland Hills Office Suites

      Two well-maintained office suites suitable for medical or office use.
      6340 Davis Boulevard, North Richland Hills, TX 76180
      View Details
    • $950,000

      Versatile Commercial Property in Richland Hills

      Two-building commercial property in a high-visibility location, ideal for investors.
      6716 Smithfield Road, North Richland Hills, TX 76182
      View Details
    • $655,000

      North Richland Hills Triplex

      Triplex with private garages near DFW Airport.
      5016 Winder Court, North Richland Hills, TX 76180
      View Details
    • $350,000

      Income-Producing Duplex in Prime Location

      Duplex with immediate income potential in a desirable location.
      6608 Central Avenue, North Richland Hills, TX 76182
      View Details
    • $440,000

      Duplex in Fox Hollow Addition

      Two 2-bedroom units in a desirable North Richland Hills.
      6630 Parkview Lane, North Richland Hills, TX 76182
      View Details
    • $475,000

      Duplex with Two-Car Garages

      Well-maintained duplex in North Richland Hills with fully occupied units.
      7520 Windhaven Road, North Richland Hills, TX 76182
      View Details
    • $599,999

      North Richland Hills Quadruplex

      Well-maintained quadplex near schools, ideal for investment portfolio growth.
      7401 Bogart Drive, North Richland Hills, TX 76180
      View Details
    • $950,000
      5,034 SF

      Versatile Commercial Property in North Richland

      Two buildings totaling 5034 SF in high-visibility North Richland
      6716 Smithfield Road, North Richland Hills, TX 76182
      View Details
    • $795,000
      3,021 SF

      North Richland Hills Retail Building

      3,021 SF building in a high-traffic North Richland Hills location.
      753 Mid Cities Boulevard, North Richland Hills, TX 76180
      View Details
    • $795,000
      3,021 SF

      North Richland Hills Retail/Office Building

      3,021 SF building in a high-traffic retail and business area.
      753 Mid Cities Boulevard, North Richland Hills, TX 76180
      View Details
    • $295,000

      North Richland Hills Income Duplex

      Income-producing duplex with long-term tenants in North Richland Hills.
      7508 / 7510 Hanover Lane, North Richland Hills, TX 76180
      View Details
    • $1,200,000
      4,173 SF

      Medical/Professional Office Space For Sale

      High-end, walk-in ready office space in Royal Crest Office Park.
      7720 Rufe Snow, Building 5 | North Richland Hills, TX 76148
      View Details

    FAQs

    What type of property is this?
    Medical Office Space - Fully leased commercial property with high visibility and excellent location.
    Where is this medical office space located?
    The property is located at 8501 Mid Cities Blvd North Richland Hills, TX.
    What is the asking price?
    The asking price for this property is $1,867,000.
    What are key features of this property?
    This property features: 100% Leased; Occupied by national credit tenant and medical spa; Excellent visibility with Mid‑Cities Blvd. frontage
    (817) 849-8282 Call to check price and availability
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Russ Webb
    Russ Webb
    Real Estate License ID: 0488983
    Learn More
    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.
    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!