Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    The Largest CRE Database in the US with Over 1 Million Listings

    5121 Davis Blvd, Unit D North Richland Hills, TX 76180

    View on Map
    Loading data...
    Loading data...
    Loading data...
    Pending
    $1,456 /Mo ($1.52 SF/Yr)

    Retail space available in North Richland Hills, Texas.

    Property size:
    11,490 SF
    Lot size:
    0.75 Acres

    Property Features for 5121 Davis Blvd

    General Information

    Standard status
    Pending
    Size
    11,490 SF
    Lot size
    0.75 Acres

    Building Details

    Year built
    1975

    We can help!

    Listing Contact
    Mary Ann Izzarelli
    Mary Ann Izzarelli
    Source: Exitrealty

    Listing Agency: Ebby Halliday, REALTORS Listing Agent: Mary Ann Izzarelli

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

    Learn more

    Overview

    Retail Space on Davis Boulevard

    This retail space is located on Davis Boulevard in North Richland Hills, Texas. The property is situated minutes from Loop 820, Harwood Road, Highway 26, and Mid-Cities Boulevard. The property offers 11490 square feet of space.
    Location Intelligence

    Current Use by Public Records

    Retail space

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Pharmacy

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

    Location Insight

    • Map
    • Local Demand
    City
    North Richland Hills
    County
    Tarrant
    State
    Texas
    Longitude
    -97.2147255
    Latitude
    32.8406815

    Nearby Similar for Lease

    • New
      $7,000 /Mo
      31,799 SF

      Versatile Commercial Building on Davis Blvd

      High-visibility commercial building for lease in North Richland Hills.
      7716 Davis Blvd, North Richland Hills, TX 76182
      View Details
    • $3,500 /Mo
      20,168 SF

      North Richland Hills Office Space

      Turn-key office space available for lease in North Richland Hills.
      6340 Davis Blvd, North Richland Hills, TX 76180
      View Details
    • $14,995 /Mo
      19,000 SF

      Turn-Key School and Daycare Facility

      Move-in ready school/daycare facility for lease in North Richland Hills.
      7708-7704 Maplewood Ave, North Richland Hills, TX 76180
      View Details
    • $395 /Mo
      32,670 SF

      Premier Office Space Available

      Exceptional office space with modern amenities and highway access.
      4925 Davis Blvd, North Richland Hills, TX 76180
      View Details
    • $1,374 /Mo
      Pending

      Retail Space Near College Street

      Retail space available near College Street and Davis Blvd.
      7810 N College Cir, North Richland Hills, TX 76180
      View Details
    • $15 SF/Yr
      21,388 SF

      Retail Space Near Whataburger

      Retail space available next to Whataburger on corner lot.
      5208 Davis Blvd, North Richland Hills, TX 76180
      View Details
    • $22 SF/Yr

      Huntington Square Business Park Office

      Office suite for lease in Huntington Square Business Park.
      9292 Huntington Sq, North Richland Hills, TX 76182
      View Details
    • $13 SF/Yr

      Retail Space on Rufe Snow

      Freestanding retail building in high-traffic North Richland Hills location.
      6976 Rufe Snow Dr, North Richland Hills, TX 76148
      View Details
    • $16 SF/Yr

      Retail Space on Rufe Snow

      Modern retail space with high visibility and convenient access.
      5142 Rufe Snow Dr, North Richland Hills, TX 76180
      View Details
    • Contact for pricing
      38,594 SF

      Richland Centre Retail Opportunity

      Retail space with highway access and ample parking.
      8501 Airport Fwy, North Richland Hills, TX 76180
      View Details
    • Contact for pricing

      Retail Space on Davis Boulevard

      Retail space available with excellent access and visibility.
      8509 Davis Blvd, North Richland Hills, TX 76182
      View Details
    • $16 SF/Yr

      North Richland Hills Office Space

      Centrally located office space near DFW International Airport.
      8609 Mid Cities Blvd, North Richland Hills, TX 76182
      View Details

    FAQs

    What type of property is this?
    Retail space - Retail space available in North Richland Hills, Texas.
    Where is this retail space located?
    The property is located at 5121 Davis Blvd, Unit D North Richland Hills, TX.
    What is the lease rate?
    The lease rate is $1.52 SF/Yr.
    What are key features of this property?
    This property features: - Ideal Davis Blvd Location; - Minutes From Loop 820; - Minutes From Harwood
    (817) 481-5882
    Request Owner's contact information
    5121 Davis Blvd, Unit D North Richland Hills, TX 76180
    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.
    5121 Davis Blvd, Unit D
    North Richland Hills, TX 76180
    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
    5121 Davis Blvd, Unit D North Richland Hills, TX 76180
    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

    We can help!
    Listing Contact
    Mary Ann Izzarelli
    Mary Ann Izzarelli
    Real Estate License ID: 0481588
    (817) 481-5882 (817) 614-1376
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!