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Commercial Property on Davis Boulevard

5060 Davis Boulevard, North Richland Hills, TX 76180

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For Sale

$1,495,000

Fully occupied commercial property with long-term tenants and high visibility.

Type:Commercial/Industrial

Property size:

7,700 SF

Lot size:

0.49 Acres

Price / SF:

$194/SF

HighLights

7,700 sf 100% occupied commercial property
Two long‑term tenants in the medical and retail sectors
Renovated in 2015 and 2022
Great visibility on Davis Blvd with prominent exterior signage
Strategic location with convenient access to Loop 820, Highway 183, and Highway 121
Opportunity to increase rents to Market Rate

We can help!

Listing Contact

Heather Konopka

For Sale

$1,495,000

Fully occupied commercial property with long-term tenants and high visibility.

Type:Commercial/Industrial

Property size:

7,700 SF

Lot size:

0.49 Acres

Price / SF:

$194/SF

Added:: Dec 10, 2024
Days on Market:: 548
Last Refresh:: May 19 at 8:38 pm

Property Features for 5060 Davis Boulevard

General Information

Standard status: Active
Size: 7,700 SF
Lot size: 0.49 Acres
Property subtype: Commercial/Industrial

Building Details

Year Built: 1973

We can help!

Listing Contact

Heather Konopka

Listing agent Heather Konopka License #0453672

Listing office Heather S Konopka

Listing date Dec 10, 2024

Source Exitrealty

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 Heather S Konopka

HighLights

7,700 sf 100% occupied commercial property
Two long‑term tenants in the medical and retail sectors
Renovated in 2015 and 2022
Great visibility on Davis Blvd with prominent exterior signage
Strategic location with convenient access to Loop 820, Highway 183, and Highway 121
Opportunity to increase rents to Market Rate

Overview

This commercial property, built in 1973 and renovated in 2015 and 2022, offers 7,700 square feet of space and is currently 100% occupied. The property features two long-term tenants in the medical and retail sectors, presenting a turnkey, income-producing asset. Located on Davis Boulevard, the property benefits from high visibility, a dedicated center turn lane, and prominent exterior signage. Its strategic location provides convenient access to Loop 820, Highway 183, and Highway 121, offering excellent connectivity for both tenants and customers. This property is located in a growing submarket of Fort Worth and presents an opportunity to increase rents to market rate.

Local Financial Insights For Office B

Simulate Cap Rate and NOI

NOI Build-Up

Component	$	$/SF
Gross rent	$236.5k	$30.72
− Vacancy	−$59.1k	−$7.68
EGI	$177.4k	$23.04
− OpEx	−$44.4k	−$5.76
NOI	$133.1k	$17.28

7,700 SF · lease $30.72/SF/yr · vacancy 25.00% · expense 25.00%

Alternative Uses

Best Use

Office B

$1.90M

$1.66M – $2.22M (±1% cap)

NOI $133,056 @ 7.0% cap · market cap 8.90%

Second Best

Healthcare Medical

$1.88M

$1.65M – $2.20M (±1% cap)

NOI $131,947 @ 7.0% cap · market cap 8.83%

Theoretical Best

Office A

$2.71M

$2.37M – $3.16M (±1% cap)

NOI $189,605 @ 7.0% cap · market cap 12.68%

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

Property Profile Location Intelligence

Current Use by Public Records

Medical Office Space

Suggested Use

Location Insight

Map
Local Demand

City: North Richland Hills
County: Tarrant
State: Texas
Longitude: -97.2138
Latitude: 32.8393

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What type of property is this?

Retail property - Fully occupied commercial property with long-term tenants and high visibility.

Where is this retail property located?

The property is located at 5060 Davis Boulevard North Richland Hills, TX.

What is the asking price?

The asking price for this property is $1,495,000.

What are key features of this property?

This property features: 7,700 sf 100% occupied commercial property; Two long‑term tenants in the medical and retail sectors; Renovated in 2015 and 2022

5060 Davis Boulevard, North Richland Hills, TX 76180

Fully occupied commercial property with long-term tenants and high visibility.

Property Features for 5060 Davis Boulevard

General Information

Building Details

We can help!

HighLights

Overview

Local Financial Insights For Office B

Simulate Cap Rate and NOI

Alternative Uses

Current Use by Public Records

Suggested Use

Location Insight

Nearby Similar for Sale

Medical Office Building with Plumbed Suites

Standalone Drive-Thru Restaurant

Multi-Use Retail Property with Two Buildings

Duplex Investment with Lease

Full Duplex Residential Income

Tenant-Occupied Residential Income Home

Medical/Professional Office Space For Sale

Duplex with Rear Carport Parking

North Richland Hills Retail Building

North Richland Hills Retail/Office Building

Garden Office Building For Sale

Retail Property in North Richland

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