Multi-Use Retail Property with Two
6716 Smithfield Road North Richland Hills, TX 76182
6716 Smithfield Road, North Richland Hills, TX, 76182
$950,000
For Sale
$950,000
SINGLE_FAMILY - North Richland Hills, TX
Property Size5,034 SF
Lot Size0.75 Acres
Price / SF$188.72
Days on Market124
Property Features for 6716 Smithfield Road
General Information
- Property type
- Residential
- Property subtype
- Retail
- Parking features
- Parking Lot
- Standard status
- Active
- APN
- 02254484
- Lot size
- 0.75 Acres
Taxes and HOA fees
- Tax Description
- POWELL SUBDIVISION BLOCK 2 LOT 2
- Tax Annual Amount
- 4601
Utilities
- Sewer type
- Public Sewer
- Heating system
- Electric (Heating)
- Cooling system
- Electric
- Water source
- Public
Building Details
- Year built
- 1984
- Floors in Building
- 1
- Number of units
- 3
- Flooring type
- Tile
- Building materials
- Brick
- Roof type
- Composition
Listing Agency
The Property Shop
(817) 888-8849
Saginaw, TX
Listed by
Crissy Robinson · License #0585684
(817) 233-4092
Added: Mar 17 Checked: Jul 18 at 5:06 am
MLS# 20552487
Copyright © 2026 North Texas Real Estate Information Systems, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This sale features a versatile commercial property totaling 5,034 square feet across two separate buildings on a 0.75-acre lot. The main building offers a spacious layout designed for flexibility in how the space can be used today or reconfigured for a new concept. A second building—listed at 6714 Smithfield Rd—adds additional capacity for continued operations, storage, or future expansion.
The property is situated in North Richland Hills in a busy area described as offering strong visibility and exposure to potential customers and clients. With two renters currently in place, the buildings provide an immediate framework for an owner-operator, an investor seeking income, or a buyer planning phased improvements. The listing highlights the asset’s adaptability as businesses and tenant needs evolve.
For prospective tenants, the configuration supports multiple paths, including continuing the current salon use or transitioning into retail, office, or professional services. For investors and buyers, the separate-building setup can help accommodate multi-tenant strategies or create space for a primary use while leasing the other building. With existing occupancy and clear room for alternative uses, this property offers a practical, adaptable option for a range of commercial operators.
The property is situated in North Richland Hills in a busy area described as offering strong visibility and exposure to potential customers and clients. With two renters currently in place, the buildings provide an immediate framework for an owner-operator, an investor seeking income, or a buyer planning phased improvements. The listing highlights the asset’s adaptability as businesses and tenant needs evolve.
For prospective tenants, the configuration supports multiple paths, including continuing the current salon use or transitioning into retail, office, or professional services. For investors and buyers, the separate-building setup can help accommodate multi-tenant strategies or create space for a primary use while leasing the other building. With existing occupancy and clear room for alternative uses, this property offers a practical, adaptable option for a range of commercial operators.
Key Highlights
- Commercial property with 5,034 SF across two separate buildings
- Two renters currently in place
- Brick exterior with tile flooring
Local 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 | $154.6k | $30.72 |
| − Vacancy | −$38.7k | −$7.68 |
| EGI | $116.0k | $23.04 |
| − OpEx | −$29.0k | −$5.76 |
| NOI | $87.0k | $17.28 |
5,034 SF · lease $30.72/SF/yr · vacancy 25.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$1.24M
$1.09M – $1.45M
NOI $86,988 @ 7.0% cap · market cap 9.16%
Second Best
Retail
$1.19M
$1.04M – $1.39M
NOI $83,556 @ 7.0% cap · market cap 8.80%
Theoretical Best
Office A
$1.77M
$1.55M – $2.07M
NOI $123,957 @ 7.0% cap · market cap 13.05%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Retail space
Similar For Sale Nearby
FAQs
What type of property is this?
Retail space - Two-building commercial property with existing salon use and space suited for additional retail, office, or professional services.
Where is this retail space located?
The property is located at 6716 Smithfield Road North Richland Hills, TX.
What is the asking price?
The asking price for this property is $950,000.
What are key features of this property?
This property features: Commercial property with 5,034 SF across two separate buildings; Two renters currently in place; Brick exterior with tile flooring
