Versatile Commercial Property in North
For Sale
$950,000
6716 Smithfield Road, North Richland Hills, TX 76182
Two buildings totaling 5034 SF in high-visibility North Richland
Property Size5,034 SF
Lot Size0.75 Acres
Price / SF$188.72
Days on Market942
Property Features for 6716 Smithfield Road
General Information
Standard status
Active
Size
5,034 SF
Lot size
0.75 Acres
Property subtype
Commercial/Industrial
Taxes and HOA fees
Annual Taxes
$4,601
Building Details
Year Built
1984
Listing Agency:
The Property Shop
(817) 888-8849
Listed By:
Crissy Robinson · License #0585684
(817) 726-2147
Source:
Exitrealty
Added: Mar 9, 2024
Changed: Sep 4
Last Checked: Aug 18 at 9:24AM
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 The Property Shop
Investment Insights
Based on property information with market context.
This commercial property, situated in North Richland Hills, features a total of 5034 square feet across two separate buildings. The property is currently accommodating two renters. The main building offers a spacious layout suitable for various business setups. The second building, located at 6714 Smithfield Rd, provides additional potential for business ventures, storage, or expansion. The property benefits from high visibility in a bustling area, offering excellent exposure to potential customers. It is suitable for a variety of uses, including retail, office space, or professional services. The property presents an opportunity to own a versatile commercial space.
Key Highlights
- High‑visibility location in a bustling area of North Richland Hills.
- Versatile commercial property suitable for retail, office, salon, or professional services.
- Total of 5034 square feet across two separate buildings.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$83,556
Cap Rate
8.80%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,671,120
$1.7M
Cap Rate 7%
$1,193,657
$1.2M
Cap Rate 9%
$928,400
$928.4K
Market Conditions
NOI Build-Up for 5,034 SF
Gross rent
$125.6K $24.96/SF
− Vacancy
−$6.3K −$1.25/SF
EGI
$119.4K $23.71/SF
− OpEx
−$35.8K −$7.11/SF
NOI
$83.6K $16.60/SF
Area
Tarrant County, TX
Vacancy
5.00%
Lease Rate
$24.96 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,671,120
Cap Rate 7%
$1,193,657
Cap Rate 9%
$928,400
Alternative Uses
Best Use
Retail
$1.19M
$1.04M – $1.39M
NOI $83,556 @ 7.0% cap · market cap 8.80%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.77M
$1.55M – $2.07M
NOI $123,957 @ 7.0% cap · market cap 13.05%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
412
Businesses Nearby
Explore this area
Business Placement
Demographics for 76182, TX
31,117
Population
11,845
Households
2.6
Avg Household Size
43
Median Age
40%
College-Educated
95%
High-School Grad
8.7 sq mi
ZIP Area
3,577
Density / Sq Mi
$119,722
Median Household Income
$60,589
Median Earnings
$1,821
Median Rent
$364,100
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Retail space - Two buildings totaling 5034 SF in high-visibility North Richland
Where is this retail space located?
The property is located at 6716 Smithfield Road North Richland Hills, TX.
What is the asking price?
The asking price for this property is $950,000.
What are key features of this property?
This property features: High‑visibility location in a bustling area of North Richland Hills.; Versatile commercial property suitable for retail, office, salon, or professional services.; Total of 5034 square feet across two separate buildings.
