Ross, Five Below & pOpshelf NNN
For Sale
Contact for pricing
Pending
5196 RUFE SNOW DR, North Richland Hills, TX 76180
Corporate tenants occupy a commercial asset under NNN lease structures in North Richland Hills.
Property Size45,177 SF
Days on Market59
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Property Features for 5196 RUFE SNOW DR
General Information
Standard status
Pending
Size
45,177 SF
Property subtype
Retail
Occupancy
100%
Lease Type
NNN
Net Operating Income
$669,900
Building Details
Year Built
1984
Year Renovated
2024
Buildings
1
Units
3
Tenancy
Multi
Listing Agency:
CBRE Dallas Park Lane
Listed By:
Michael Austry · License #TX 609364
Source:
Crexi
Added: Aug 18
Changed: Oct 5
Last Checked: Oct 14 at 8:42PM
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 CBRE Dallas Park Lane
Investment Insights
Based on property information with market context.
This NNN property encompasses 45,177 square feet and was constructed in 1984. The tenant roster includes Ross, Five Below, and pOpshelf, with corporate NNN lease structures identified for the asset.
The property is located at 5196 Rufe Snow Dr in North Richland Hills, Texas 76180. Its established building vintage and named national retail occupants provide the primary physical and tenancy details available for evaluation.
The property is located at 5196 Rufe Snow Dr in North Richland Hills, Texas 76180. Its established building vintage and named national retail occupants provide the primary physical and tenancy details available for evaluation.
Key Highlights
- 45,177 SF commercial property
- Ross, Five Below, and pOpshelf tenants
- Corporate NNN lease structures
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$749,866
Cap Rate
8.40%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$14,997,320
$15.0M
Cap Rate 7%
$10,712,371
$10.7M
Cap Rate 9%
$8,331,844
$8.3M
Market Conditions
NOI Build-Up for 45,177 SF
Gross rent
$1.13M $24.96/SF
− Vacancy
−$56.4K −$1.25/SF
EGI
$1.07M $23.71/SF
− OpEx
−$321.4K −$7.11/SF
NOI
$749.9K $16.60/SF
Area
Tarrant County, TX
Vacancy
5.00%
Lease Rate
$24.96 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$14,997,320
Cap Rate 7%
$10,712,371
Cap Rate 9%
$8,331,844
Alternative Uses
Best Use
Retail
$10.71M
$9.37M – $12.50M
NOI $749,866 @ 7.0% cap · market cap 8.40%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$15.89M
$13.91M – $18.54M
NOI $1,112,438 @ 7.0% cap · market cap 12.45%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
712
Businesses Nearby
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 Retail in South region
Frequently Asked Questions
What type of property is this?
NNN property - Corporate tenants occupy a commercial asset under NNN lease structures in North Richland Hills.
Where is this nnn property located?
The property is located at 5196 RUFE SNOW DR North Richland Hills, TX.
What is the asking price?
The asking price for this property is $8,932,000.
What are key features of this property?
This property features: 45,177 SF commercial property; Ross, Five Below, and pOpshelf tenants; Corporate NNN lease structures
