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    North Richland Hills Shopping Center Title is generated by Realmo AI

    6238 Rufe Snow Dr, Fort Worth, TX 76148

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    99,000 SF shopping center with retail and office spaces.

    Type:Retail, Office, Restaurant
    Property size:
    99,000 SF
    Added:
    Sep 15, 2022
    Days on Market:
    1358
    Last Refresh:
    May 12 at 8:33 pm

    Property Features for 6238 Rufe Snow Dr

    General Information

    Standard status
    Active
    Size
    99,000 SF
    Property subtype
    Retail, Office, Restaurant

    Spaces For Lease

    at 6238 Rufe Snow Dr Contact us

    6242 #228 $17/Mo

    Size
    1,610 SF
    Type
    Retail, Office
    Contact us

    6238 #106: DENTIST $20/Mo

    Size
    5,600 SF
    Type
    Retail, Office
    TURN-KEY newly built-out Dentist Office, former tenant Brident Dental never moved...
    show more
    Contact us

    6248 #410 $17/Mo

    Size
    2,100 SF
    Type
    Retail, Office
    former Staff Force offices
    Contact us

    6248 #422: RESTAURANT $20/Mo

    Size
    2,400 SF
    Type
    Retail, Restaurant
    Former Sana Indian Restaurant & Grocery, with commercial kitchen, now available for...
    show more
    Contact us

    We can help!

    Listing Contact
    Shelby McMurtrey

    Listing agent Shelby McMurtrey License #0000

    Listing office Woodcrest Capital

    Listing date Sep 15, 2022

    Source Crexi

    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 Woodcrest Capital

    HighLights

    • Prominent location at the intersection of Rufe Snow Drive & Mid Cities Boulevard.
    • Anchored by national and regional credit tenants, including Eco Thrift.
    • Flexible lease terms available.
    • Suites suitable for retail, restaurants, offices, medical, or professional services.
    • Located in North Richland Hills, approx. 1½ miles north of Loop 820.
    • Opportunity for first‑time and franchise businesses.

    Overview

    Rufe Snow Village is a shopping center with approximately 99,000 square feet of space, situated in North Richland Hills at the intersection of Rufe Snow Drive and Mid Cities Boulevard, about 1.5 miles north of Loop 820. Anchored by national and regional credit tenants, including Eco Thrift, the center offers commercial suites available for rent. These spaces can accommodate various businesses, from traditional retail storefronts and restaurants to offices, medical facilities, or other professional service providers. Woodcrest Capital welcomes first-time and franchise businesses, offering accessible leases and flexible terms, while also catering to large national credit tenants. With over 40 years of experience in commercial real estate, Woodcrest owns and operates a diverse portfolio, including Class A centers and centers undergoing rehabilitation. Multiple retail opportunities are typically available in the immediate area.
    Location Intelligence

    Current Use by Public Records

    Anglers Pro Tackle ... (Bike/Boat/Book/etc) Store Verizon Wireless - Wireless ... Mobile Phone Store Verizon Electronics & Wireless Store

    Suggested Use

    Real Estate Agency Restaurant Law Firm Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Gym & Fitness Center

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

    • Coinstar Kiosk - Bitcoin ATM — 6249 Rufe Snow Dr Albertsons, Fort Worth, TX 76148
    • Regency Square Shopping Center — Watauga, TX 76148
    • Brooks Crossing — 6245-6253 Rufe Snow Dr, Watauga, TX 76148
    • Rufe Snow Village — North Richland Hills, TX 76148
    • Coin Cloud Bitcoin ATM — 6245 rufe snow dr, watauga, tx 76148

    Location Insight

    • Map
    • Local Demand
    City
    Fort Worth
    County
    Tarrant
    State
    Texas
    Longitude
    -97.2375813
    Latitude
    32.8600186

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    FAQs

    What type of property is this?
    Shopping center - 99,000 SF shopping center with retail and office spaces.
    Where is this shopping center located?
    The property is located at 6238 Rufe Snow Dr Fort Worth, TX.
    What is the lease rate?
    The lease rate is $17 SF/Yr.
    What are key features of this property?
    This property features: Prominent location at the intersection of Rufe Snow Drive & Mid Cities Boulevard.; Anchored by national and regional credit tenants, including Eco Thrift.; Flexible lease terms available.
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Shelby McMurtrey
    Real Estate License ID: 0000
    Learn More
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

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