Storefront Property with Planned
New
For Sale
$475,000
5601 Davis Boulevard, North Richland Hills, TX 76180
Street-facing commercial space with a prior retail use and HVAC installation scheduled before occupancy.
Property Size1,420 SF
Price / SF$334.51
Days on Market6
Property Features for 5601 Davis Boulevard
General Information
Standard status
Active
Size
1,420 SF
Property subtype
Business
Site & Location
Highway Access
Yes
Road Access
Yes
Building Details
Year Built
1959
Listing Agency:
The Michael Group Real Estate
(817) 577-9000
Listed By:
Rene Jensen · License #0538228
(214) 532-6823
Source:
Lonestarluxuryrealty
Added: Aug 13
Changed: Aug 18
Last Checked: Aug 18 at 5:41AM
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 Michael Group Real Estate
Investment Insights
Based on property information with market context.
This 1,420-square-foot storefront property was built in 1959 and previously operated as a retail candle shop. HVAC installation is scheduled for completion before move-in, providing a defined improvement to the premises.
The property is located at 5601 Davis Boulevard in North Richland Hills, approximately one mile from Colleyville Boulevard and near 820. Its storefront format and prior retail configuration support continued commercial use, subject to verification of property information and any proposed use.
The property is located at 5601 Davis Boulevard in North Richland Hills, approximately one mile from Colleyville Boulevard and near 820. Its storefront format and prior retail configuration support continued commercial use, subject to verification of property information and any proposed use.
Key Highlights
- 1,420 SF storefront property
- HVAC installation planned before move‑in
- Previously operated as a retail candle shop
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
$23,570
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
4.96%
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%
$471,400
$471.4K
Cap Rate 7%
$336,714
$336.7K
Cap Rate 9%
$261,889
$261.9K
Market Conditions
NOI Build-Up for 1,420 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
$35.4K $24.96/SF
− Vacancy
−$1.8K −$1.25/SF
EGI
$33.7K $23.71/SF
− OpEx
−$10.1K −$7.11/SF
NOI
$23.6K $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 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%
$471,400
Cap Rate 7%
$336,714
Cap Rate 9%
$261,889
Alternative Uses
Best Use
Retail
$336.7K
$294.6K – $392.8K
NOI $23,570 @ 7.0% cap · market cap 4.96%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$499.5K
$437.1K – $582.8K
NOI $34,966 @ 7.0% cap · market cap 7.36%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
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 Retail in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- flower shops — 7309 Duncan Ct, North Richland Hills, TX 76180
Frequently Asked Questions
What type of property is this?
Storefront property - Street-facing commercial space with a prior retail use and HVAC installation scheduled before occupancy.
Where is this storefront property located?
The property is located at 5601 Davis Boulevard North Richland Hills, TX.
What is the asking price?
The asking price for this property is $475,000.
What are key features of this property?
This property features: 1,420 SF storefront property; HVAC installation planned before move‑in; Previously operated as a retail candle shop
