North Richland Hills Commercial
For Sale
Contact for pricing
6808 Chapman Dr, North Richland Hills, TX 76182
Commercial building suitable for retail, office, medical, or restaurant.
Property Size4,392 SF
Lot Size0.46 Acres
Price / SF$193.53
Days on Market874
Property Features for 6808 Chapman Dr
General Information
Standard status
Active
Size
4,392 SF
Class
B
Lot size
0.46 Acres
Property subtype
Office, Retail, Special Purpose
Zoning
C-1
Listing Agency:
Preschool Exchange
(972) 804-0742
Listed By:
Neal Agrawal · License #TX 0589239
Source:
Crexi
Added: Apr 2, 2024
Changed: Aug 23
Last Checked: May 12 at 10:49PM
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 Preschool Exchange
Investment Insights
Based on property information with market context.
The property is a 4,392-square-foot commercial building situated on 0.46 acres. Constructed in 1975 and renovated in 2024, the building was formerly a childcare center and is zoned C-1 Commercial, allowing for various uses, including retail, office, medical, childcare, and restaurant. The layout includes 6 classrooms, 9 restrooms, an office, a kitchen, and an outdoor playground area. The property was previously licensed for a capacity of 115 children. It is located in North Richland Hills, within 5 miles of the upcoming Peppa Pig park.
Key Highlights
- Zoned C‑1 Commercial, allowing for diverse business uses.
- 4,392 sqft building on 0.46 acres, providing ample space.
- Renovated in 2024.
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
$75,894
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
8.93%
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%
$1,517,880
$1.5M
Cap Rate 7%
$1,084,200
$1.1M
Cap Rate 9%
$843,267
$843.3K
Market Conditions
NOI Build-Up for 4,392 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
$134.9K $30.72/SF
− Vacancy
−$33.7K −$7.68/SF
EGI
$101.2K $23.04/SF
− OpEx
−$25.3K −$5.76/SF
NOI
$75.9K $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%
$1,517,880
Cap Rate 7%
$1,084,200
Cap Rate 9%
$843,267
Alternative Uses
Best Use
Office B
$1.08M
$948.7K – $1.26M
NOI $75,894 @ 7.0% cap · market cap 8.93%
Second Best
Retail
$1.04M
$911.3K – $1.22M
NOI $72,900 @ 7.0% cap · market cap 8.58%
Theoretical Best
Office A
$1.54M
$1.35M – $1.80M
NOI $108,149 @ 7.0% cap · market cap 12.72%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
492
Businesses Nearby
Balanced
Demand for This Use
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
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- Amazing Kidz Academy of North Richland Hills — 6720 Chapman Dr, North Richland Hills, TX 76182
- Clayton Child Care Inc — 6800 Springdale Ln, North Richland Hills, TX 76182
- Cambridge Christian Academy Childcare Center — 6720 Chapman Rd, North Richland Hills, TX 76182
- North Park Child Care — 7025 Mid Cities Blvd, North Richland Hills, TX 76182
- Ms. Penny's Advanced Preschool — 6636 Dewsbury St, North Richland Hills, TX 76182
Frequently Asked Questions
What type of property is this?
Day care center - Commercial building suitable for retail, office, medical, or restaurant.
Where is this day care center located?
The property is located at 6808 Chapman Dr North Richland Hills, TX.
What is the asking price?
The asking price for this property is $850,000.
What are key features of this property?
This property features: Zoned C‑1 Commercial, allowing for diverse business uses.; 4,392 sqft building on 0.46 acres, providing ample space.; Renovated in 2024.
