Built-Out Office Condo
For Sale
Contact for pricing
6605 Precinct Line Rd, North Richland Hills, TX 76182
Fully built-out office condo with multiple offices, restrooms, conference room, and breakroom, offering 2,780 SF available.
Property Size5,235 SF
Price / SF$265.15
Days on Market59
Property Features for 6605 Precinct Line Rd
General Information
Standard status
Active
Size
5,235 SF
Property subtype
OFFICE
Amenities
monument signage
Listing Agency:
Advisors Commercial Real Estate - Arlington
(817) 226-0000
Listed By:
Judy Nitzinger · License ##496249
Source:
Moodyscre
Added: Jun 2
Changed: Jul 28
Last Checked: Jul 29 at 3:01PM
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 Advisors Commercial Real Estate - Arlington
Investment Insights
Based on property information with market context.
This office condo is fully built out and designed for professional use, with multiple offices, restrooms, a conference room, and a breakroom. The property includes 5,235 SF total, with 2,780 SF available for occupancy.
Located at the NWQ of Precinct Line Rd and Martin Drive in North Richland Hills, Texas, the space is near Birdville High School, Home Depot, and various shops and restaurants.
Available as a for-sale offering, the listing notes a $18.50/PSF base year plus an electric lease rate, and a promotion of one month free rent to qualified leases on 3+ year lease terms. Monument signage is also available.
Located at the NWQ of Precinct Line Rd and Martin Drive in North Richland Hills, Texas, the space is near Birdville High School, Home Depot, and various shops and restaurants.
Available as a for-sale offering, the listing notes a $18.50/PSF base year plus an electric lease rate, and a promotion of one month free rent to qualified leases on 3+ year lease terms. Monument signage is also available.
Key Highlights
- 2,780 SF available in a 5,235 SF office condo
- Fully built out former mortgage office with multiple offices, restrooms, conference room, and breakroom
- Lease offer: $18.50/PSF base year plus electric lease rate; includes one month free rent on 3+ year qualified leases
Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $160.8k | $30.72 |
| − Vacancy | −$40.2k | −$7.68 |
| EGI | $120.6k | $23.04 |
| − OpEx | −$30.2k | −$5.76 |
| NOI | $90.5k | $17.28 |
5,235 SF · lease $30.72/SF/yr · vacancy 25.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$1.29M
$1.13M – $1.51M
NOI $90,461 @ 7.0% cap · market cap 6.52%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.84M
$1.61M – $2.15M
NOI $128,907 @ 7.0% cap · market cap 9.29%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
662
Businesses Nearby
Explore this area
Business Placement
Demographics for 76182, TX
31,117
Population
11,845
Households
2.6
Avg Household Size
43
Median Age
40%
College-Educated
95%
High-School Grad
8.7 sq mi
ZIP Area
3,577
Density / Sq Mi
$119,722
Median Household Income
$60,589
Median Earnings
$1,821
Median Rent
$364,100
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?
Office units - Fully built-out office condo with multiple offices, restrooms, conference room, and breakroom, offering 2,780 SF available.
Where is this office units located?
The property is located at 6605 Precinct Line Rd North Richland Hills, TX.
What is the asking price?
The asking price for this property is $1,388,070.
What are key features of this property?
This property features: 2,780 SF available in a 5,235 SF office condo; Fully built out former mortgage office with multiple offices, restrooms, conference room, and breakroom; Lease offer: $18.50/PSF base year plus electric lease rate; includes one month free rent on 3+ year qualified leases
