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

    7220 Woodbend Park Road North Richland Hills, TX 76182

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Sale
    $245,000

    Land available at the corner of Douglas Lane and Woodbend

    Type:Land
    Added:
    Mar 30, 2026
    Days on Market:
    18
    Last Refresh:
    Mar 30 at 12:47 am

    Property Features for 7220 Woodbend Park Road

    General Information

    Standard status
    Active
    Property subtype
    Land

    Building Details

    Year Built
    1961

    We can help!

    Listing Contact
    Michael Greiner

    Listing agent Michael Greiner License #0588268

    Listing office My Castle Realty

    Listing date Mar 30, 2026

    Source Evrealestate

    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 My Castle Realty

    Overview

    Land in North Richland Hills

    Located at the southwest corner of Douglas Lane and Woodbend Park Road, the property is accessible from N Loop 820, 4.9 miles north on Rufe Snow Drive to Starnes Road. Turn right and go 1.8 miles east on Starnes Road to Douglas Lane. Turn right and go 0.1 miles south on Douglas Lane to Woodbend Park Road. Turn right onto Woodbend Park Road to reach 7220 Woodbend Park Road in North Richland Hills, Texas.
    Location Intelligence

    Current Use by Public Records

    Land

    Suggested Use

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

    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
    -97.2259031
    Latitude
    32.8804277

    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
    • $310,000
      1,120 SF

      Income-Producing Commercial Property Near DFW

      Commercial property in North Richland Hills with redevelopment potential.
      4005 Rufe Snow Dr, North Richland Hills, TX 76180
      View Details
    • $649,000

      Expansive Lot in North Richland

      2.238-acre lot ready for custom home or development.
      7405 Hightower Drive, 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
    • $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
    • $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
    • $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
    • $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
    • $1,600,000

      Residential Development Opportunity in Texas

      18-lot residential development opportunity in North Richland Hills, Texas.
      8220 Turner Drive, North Richland Hills, TX 76182
      View Details
    • $250,000

      Land in North Richland Hills

      Unimproved land suitable for development in North Richland Hills, TX.
      4017 Scruggs Drive, North Richland Hills, TX 76180
      View Details

    FAQs

    What type of property is this?
    Land - Land available at the corner of Douglas Lane and Woodbend
    Where is this land located?
    The property is located at 7220 Woodbend Park Road North Richland Hills, TX.
    What is the asking price?
    The asking price for this property is $245,000.
    What are key features of this property?
    This property features: Located in Tarrant County; Built in 1961; Situated on the corner of Douglas Lane and Woodbend Park Rd.
    (713) 683-0054
    We can help!
    Listing Contact
    Michael Greiner
    Real Estate License ID: 0588268
    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!