Two-Suite Medical Office
For Sale
$899,000
6340 Davis Boulevard, North Richland Hills, TX 76180
Two separately accessed suites offer medical-ready plumbing, ADA restrooms, and flexible office layouts.
Property Size3,390 SF
Price / SF$265.19
Days on Market49
Property Features for 6340 Davis Boulevard
General Information
Standard status
Active
Size
3,390 SF
Additional Details
Highway Access
Yes
Office Units
2
Amenities
ADA compliant restrooms
spacious reception area
plumbing in walls
high ceilings
natural light
multiple offices
conference room
kitchen area
storage rooms
security system
monument signage
Building Details
Year Built
2014
Buildings
1
Listing Agency:
Compass RE Texas, LLC.
(214) 814-8100
Listed By:
Jennifer Lauren · License #0647146
Source:
Minteerteam
Added: Jul 12
Changed: Aug 29
Last Checked: Aug 25 at 5:10AM
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 Compass RE Texas, LLC.
Investment Insights
Based on property information with market context.
Built in 2014, this medical office property contains two suites totaling 3,390 square feet, with separate entrances and suite areas of 1,750 square feet and 1,640 square feet. The interior includes a reception area, multiple offices, a conference room, storage rooms, and kitchen areas with sinks and space for full-size refrigerators. Plumbing is installed within the walls, supporting medical or dental office configurations. High ceilings, natural light, ADA-compliant restrooms, accessibility features, a security system, and monument signage are also included.
The property is located at 6340 Davis Boulevard in North Richland Hills, with access to Loop 820, Highway 183, and Highway 121. Suite 100 is leased through 2029, while the two-suite layout provides separate access for occupants or operations.
The property is located at 6340 Davis Boulevard in North Richland Hills, with access to Loop 820, Highway 183, and Highway 121. Suite 100 is leased through 2029, while the two-suite layout provides separate access for occupants or operations.
Key Highlights
- 3,390‑square‑foot medical office property with two suites and separate entrances
- Suite 100 measures 1,750 square feet; Suite 200 measures 1,640 square feet
- Wall plumbing supports medical or dental office configurations
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
$58,579
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
6.52%
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%
$1,171,580
$1.2M
Cap Rate 7%
$836,843
$836.8K
Cap Rate 9%
$650,878
$650.9K
Market Conditions
NOI Build-Up for 3,390 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
$104.1K $30.72/SF
− Vacancy
−$26.0K −$7.68/SF
EGI
$78.1K $23.04/SF
− OpEx
−$19.5K −$5.76/SF
NOI
$58.6K $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%
$1,171,580
Cap Rate 7%
$836,843
Cap Rate 9%
$650,878
Alternative Uses
Best Use
Office B
$836.8K
$732.2K – $976.3K
NOI $58,579 @ 7.0% cap · market cap 6.52%
Second Best
Healthcare Medical
$829.9K
$726.1K – $968.2K
NOI $58,091 @ 7.0% cap · market cap 6.46%
Theoretical Best
Office A
$1.19M
$1.04M – $1.39M
NOI $83,475 @ 7.0% cap · market cap 9.29%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Office units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
538
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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Frequently Asked Questions
What type of property is this?
Medical Office Space - Two separately accessed suites offer medical-ready plumbing, ADA restrooms, and flexible office layouts.
Where is this medical office space located?
The property is located at 6340 Davis Boulevard North Richland Hills, TX.
What is the asking price?
The asking price for this property is $899,000.
What are key features of this property?
This property features: 3,390‑square‑foot medical office property with two suites and separate entrances; Suite 100 measures 1,750 square feet; Suite 200 measures 1,640 square feet; Wall plumbing supports medical or dental office configurations
