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 Market392
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) 213-6343
Listed By:
Heather S. Konopka, ABR, CCIM · License #0453672
(817) 715-1932
Source:
Moodyscre
Added: Aug 19, 2025
Changed: Aug 13
Last Checked: Sep 13 at 10:35AM
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
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$133,056
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
8.90%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$2,661,120
$2.7M
Cap Rate 7%
$1,900,800
$1.9M
Cap Rate 9%
$1,478,400
$1.5M
Market Conditions
NOI Build-Up for 7,700 SF
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.
Gross rent
$236.5K $30.72/SF
− Vacancy
−$59.1K −$7.68/SF
EGI
$177.4K $23.04/SF
− OpEx
−$44.4K −$5.76/SF
NOI
$133.1K $17.28/SF
Area
Tarrant County, TX
Vacancy
25.00%
Lease Rate
$30.72 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$2,661,120
Cap Rate 7%
$1,900,800
Cap Rate 9%
$1,478,400
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
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Open 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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in South region
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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
