Versatile Property with Metal
For Sale
$850,000
Pending
6821 Smithfield Rd, North Richland Hills, TX 76182
One-acre property featuring a metal building with multiple bays.
Property Size3,486 SF
Lot Size2.00 Acres
Days on Market268
Property Features for 6821 Smithfield Rd
General Information
Standard status
Pending
Size
3,486 SF
Lot size
2.00 Acres
Property subtype
Industrial
Building Details
Building Size
3,486 SF
Year Built
1973
Stories
1
Units
2
Listing Agency:
YOUR HOME SOLD GUARANTEED REALTY
(254) 768-0190
Listed By:
Kristie Whitaker · License #0578753
Source:
Elliman
Added: Nov 27, 2025
Changed: Aug 13
Last Checked: Aug 21 at 8:37AM
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 YOUR HOME SOLD GUARANTEED REALTY
Investment Insights
Based on property information with market context.
The property at 6821 Smithfield Rd (Parcel ID 04031806) encompasses 1 acre and features a 3486 sq ft metal building. The building includes 7 bays, an office, and a bathroom. The office measures 15x14 and is equipped with AC. The front half of the building measures 29x60, while the back half measures 46x24. Adjacent to this, 6825 Smithfield Rd (Parcel ID 04031849) also spans 1 acre and includes a 984 sq ft brick home with 2 rooms and 1 bath, along with 2 large storage sheds. One of the sheds has been finished inside to serve as office space. The back portions of the lots offer flat land. There are 2 additional lots adjacent to 6821 Smithfield that could be purchased with 6821 and 6825. These additional lots, located at 6813 and 6809 Smithfield Rd, each measure 0.889 acres, totaling 1.778 acres (Parcel ID's 41355113 & 41355105). The property is sold as is.
Key Highlights
- Two parcels totaling 2 acres with a metal building and a brick home.
- 3486 sq ft metal building featuring 7 bays, office, and bathroom.
- 984 sq ft brick home with 2 rooms and 1 bath.
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
$57,862
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
6.81%
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%
$1,157,240
$1.2M
Cap Rate 7%
$826,600
$826.6K
Cap Rate 9%
$642,911
$642.9K
Market Conditions
NOI Build-Up for 3,486 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
$87.0K $24.96/SF
− Vacancy
−$4.4K −$1.25/SF
EGI
$82.7K $23.71/SF
− OpEx
−$24.8K −$7.11/SF
NOI
$57.9K $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%
$1,157,240
Cap Rate 7%
$826,600
Cap Rate 9%
$642,911
Alternative Uses
Best Use
Retail
$826.6K
$723.3K – $964.4K
NOI $57,862 @ 7.0% cap · market cap 6.81%
Second Best
Warehouse
$346.3K
$303.0K – $404.0K
NOI $24,241 @ 7.0% cap · market cap 2.85%
Theoretical Best
Office A
$1.23M
$1.07M – $1.43M
NOI $85,839 @ 7.0% cap · market cap 10.10%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
296
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 Industrial in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- Smithfield Storage — 7510 Smithfield Rd, North Richland Hills, TX 76182
- Stackkly — 7236 Timberidge Dr, North Richland Hills, TX 76182
- CubeSmart Self Storage — 6612 Davis Blvd, North Richland Hills, TX 76182
- Circle Notheast Business Park — North Richland Hills, TX 76182
Frequently Asked Questions
What type of property is this?
Warehouse - One-acre property featuring a metal building with multiple bays.
Where is this warehouse located?
The property is located at 6821 Smithfield Rd 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: Two parcels totaling 2 acres with a metal building and a brick home.; 3486 sq ft metal building featuring 7 bays, office, and bathroom.; 984 sq ft brick home with 2 rooms and 1 bath.
