Versatile Commercial Property in North
6716 Smithfield Road North Richland Hills, TX 76182
For Sale
$950,000
Two-building commercial property in a high-visibility location, suitable for various businesses.
Property Size5,034 SF
Price / SF$188.72
Days on Market95
Property Features for 6716 Smithfield Road
General Information
- Standard status
- Active
- Size
- 5,034 SF
- Property subtype
- Commercial
Building Details
- Year Built
- 1984
Listing Agency:
The Property Shop
(817) 888-8849
Listed By:
Crissy Robinson · License #0585684
(817) 726-2147
Source:
Signaturere
Added: Apr 22
Changed: Jul 10
Last Checked: Jul 24 at 10:02AM
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 buildings, offering versatility for various business endeavors. The property currently accommodates two renters. The main building provides a spacious layout suitable for diverse business setups. The second building, located at 6714 Smithfield Rd, offers additional potential for business ventures, storage, or expansion. The property benefits from high visibility in a bustling area, providing exposure to potential customers and clients. The property is suitable for a salon, retail, office space, or professional services.
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 For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $125.6k | $24.96 |
| − Vacancy | −$6.3k | −$1.25 |
| EGI | $119.4k | $23.71 |
| − OpEx | −$35.8k | −$7.11 |
| NOI | $83.6k | $16.60 |
5,034 SF · lease $24.96/SF/yr · vacancy 5.00% · expense 30.00%
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 local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Retail space
FAQs
What type of property is this?
Retail space - Two-building commercial property in a high-visibility location, suitable for various businesses.
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.
