Multi-Tenant Retail & Medical
For Sale
Contact for pricing
5060 Davis Blvd, North Richland Hills, TX 76180
For-sale, fully occupied building with two tenants and Davis Blvd frontage with a dedicated center turn lane.
Property Size7,700 SF
Price / SF$194.16
Days on Market346
Property Features for 5060 Davis Blvd
General Information
Standard status
Active
Size
7,700 SF
Property subtype
RETAIL
Occupancy
100%
Site & Location
Highway Access
Yes
Road Access
Yes
Building Details
Tenancy
Multi
Listing Agency:
Sperry | The HKC Group
(817) 715-1932
Listed By:
Heather S. Konopka, ABR, CCIM · License #0453672
(817) 715-1932
Source:
Moodyscre
Added: Aug 19, 2025
Changed: Jul 28
Last Checked: Jul 29 at 3:09PM
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 Sperry | The HKC Group
Investment Insights
Based on property information with market context.
This multi-tenant commercial building is 100% occupied by two tenants, combining medical and retail use. The property includes opportunities for building exterior and pole signage.
The location provides Davis Blvd frontage and a dedicated center turn lane, with easy access to major thoroughfares including Hwy. 183, Hwy. 121, Loop 820, and Hwy. 26.
The asset is configured as a storefront-style building suited to mixed medical and retail occupancy, with prominent visibility at a lighted intersection.
The location provides Davis Blvd frontage and a dedicated center turn lane, with easy access to major thoroughfares including Hwy. 183, Hwy. 121, Loop 820, and Hwy. 26.
The asset is configured as a storefront-style building suited to mixed medical and retail occupancy, with prominent visibility at a lighted intersection.
Key Highlights
- 100% occupied building with 2 tenants (medical/retail)
- Davis Blvd frontage with a dedicated center turn lane
- Located at a prominent, lighted intersection
Financial Insights For Office B
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 | $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
NOI $133,056 @ 7.0% cap · market cap 8.90%
Second Best
Healthcare Medical
$1.88M
$1.65M – $2.20M
NOI $131,947 @ 7.0% cap · market cap 8.83%
Theoretical Best
Office A
$2.71M
$2.37M – $3.16M
NOI $189,605 @ 7.0% cap · market cap 12.68%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
100%
Occupancy
Multi-tenant
Tenancy
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
673
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 76180, TX
37,087
Population
16,138
Households
2.3
Avg Household Size
37
Median Age
33%
College-Educated
92%
High-School Grad
9.3 sq mi
ZIP Area
3,988
Density / Sq Mi
$78,688
Median Household Income
$42,984
Median Earnings
$1,553
Median Rent
$286,700
Median Home Value
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
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Similar Off Market Nearby
- City Florist
- Tropical Greenery Inc. — NE Loop 820, North Richland Hills, TX 76180
Frequently Asked Questions
What type of property is this?
Storefront property - For-sale, fully occupied building with two tenants and Davis Blvd frontage with a dedicated center turn lane.
Where is this storefront property located?
The property is located at 5060 Davis Blvd 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: 100% occupied building with 2 tenants (medical/retail); Davis Blvd frontage with a dedicated center turn lane; Located at a prominent, lighted intersection
