Two-Building Retail
For Sale
$950,000
6716 Smithfield Road, North Richland Hills, TX 76182
CommercialSale, North Richland Hills, TX
Property Size5,034 SF
Lot Size0.75 Acres
Price / SF$188.72
Days on Market84
Property Features for 6716 Smithfield Road
General Information
Property type
Commercial Sale
Property subtype
Retail
Zoning description
Commercial C3
Parking features
Parking Lot
Subdivision
Powell Sub
Lot features
Corner Lot
Directions
See GPS
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
Legal Description
POWELL SUBDIVISION BLOCK 2 LOT 2
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
Listed By:
Crissy Robinson · License #0585684
(817) 233-4092
Added: Jun 11
Changed: Aug 23
Last Checked: Sep 2 at 10:06AM
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 retail property includes two separate buildings totaling 5,034 square feet on 0.75 acres. The site currently accommodates two renters, and the existing use is identified as a salon. The secondary building at 6714 Smithfield Road adds a separate component for commercial operations, storage, or future expansion. The main building offers an adaptable interior configuration for continued retail use or other commercial applications described in the listing.
Located at 6716 Smithfield Road in North Richland Hills, the property includes a parking lot, public water, and public sewer. Building features include brick construction, tile flooring, electric heating and cooling, and a composition roof. The improvements were built in 1984.
Located at 6716 Smithfield Road in North Richland Hills, the property includes a parking lot, public water, and public sewer. Building features include brick construction, tile flooring, electric heating and cooling, and a composition roof. The improvements were built in 1984.
Key Highlights
- Two‑building retail property totaling 5,034 square feet
- 0.75‑acre site with a parking lot
- Currently accommodates two renters
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
$83,556
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
8.80%
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%
$1,671,120
$1.7M
Cap Rate 7%
$1,193,657
$1.2M
Cap Rate 9%
$928,400
$928.4K
Market Conditions
NOI Build-Up for 5,034 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
$125.6K $24.96/SF
− Vacancy
−$6.3K −$1.25/SF
EGI
$119.4K $23.71/SF
− OpEx
−$35.8K −$7.11/SF
NOI
$83.6K $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%
$1,671,120
Cap Rate 7%
$1,193,657
Cap Rate 9%
$928,400
Alternative Uses
Best Use
Retail
$1.19M
$1.04M – $1.39M
NOI $83,556 @ 7.0% cap · market cap 8.80%
Second Best
—
—
no second resolved use
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 authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
412
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 Retail in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Retail space - Separate structures support existing occupancy while providing adaptable commercial space on Smithfield Road.
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: Two‑building retail property totaling 5,034 square feet; 0.75‑acre site with a parking lot; Currently accommodates two renters
