Multi-Tenant Retail
For Sale
Contact for pricing
712 West Pipeline Road, Hurst, TX 76053
Commercial-zoned shopping center with service-oriented tenants, modern construction, and access to established retail and employment concentrations.
Property Size17,780 SF
Price / SF$247.47
Days on Market9
Property Features for 712 West Pipeline Road
General Information
Standard status
Active
Size
17,780 SF
Property subtype
Retail
Zoning
Commercial
Occupancy
88%
Lease Type
NNN
Net Operating Income
$278,664
Building Details
Year Built
2016
Buildings
1
Units
7
Tenancy
Multi
Listing Agency:
Marcus & Millichap - Dallas
Listed By:
Philip Levy · License #TX 522087
(972) 755-5225
Source:
Crexi
Added: Aug 26
Changed: Sep 1
Last Checked: Sep 1 at 8:35PM
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 Marcus & Millichap - Dallas
Investment Insights
Based on property information with market context.
The Shops at Hurst is a 17,780-square-foot shopping center completed in 2016 and configured for multiple retail tenants. Current occupancy is 88 percent, with 54 percent of the gross leasable area leased under triple-net terms. The tenant roster includes Pizza Hut, Workout Anytime, Dr. Jin Lin Dentistry, Texas Tumble Wash, Total Wireless, and NK Beauty Bar. A metal roof design supports a lower-maintenance building profile.
Positioned at 712 West Pipeline Road in Hurst, Texas, the center is less than 1.5 miles from North East Mall, near Loop 820 and Airport Freeway (TX-183). Nearby retail includes Walmart Neighborhood Market, Dollar Tree, Advance Auto Parts, and America’s Best Contacts & Eyeglasses. DFW International Airport, American Airlines headquarters, Bell Textron, and Lockheed Martin are also identified as major employment drivers in the surrounding corridor.
Positioned at 712 West Pipeline Road in Hurst, Texas, the center is less than 1.5 miles from North East Mall, near Loop 820 and Airport Freeway (TX-183). Nearby retail includes Walmart Neighborhood Market, Dollar Tree, Advance Auto Parts, and America’s Best Contacts & Eyeglasses. DFW International Airport, American Airlines headquarters, Bell Textron, and Lockheed Martin are also identified as major employment drivers in the surrounding corridor.
Key Highlights
- 17,780‑square‑foot multi‑tenant shopping center
- 88 percent occupied; 54 percent of gross leasable area on triple‑net terms
- Built in 2016 with a metal roof design
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
$295,120
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
6.71%
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%
$5,902,400
$5.9M
Cap Rate 7%
$4,216,000
$4.2M
Cap Rate 9%
$3,279,111
$3.3M
Market Conditions
NOI Build-Up for 17,780 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
$443.8K $24.96/SF
− Vacancy
−$22.2K −$1.25/SF
EGI
$421.6K $23.71/SF
− OpEx
−$126.5K −$7.11/SF
NOI
$295.1K $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%
$5,902,400
Cap Rate 7%
$4,216,000
Cap Rate 9%
$3,279,111
Alternative Uses
Best Use
Retail
$4.22M
$3.69M – $4.92M
NOI $295,120 @ 7.0% cap · market cap 6.71%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$6.25M
$5.47M – $7.30M
NOI $437,815 @ 7.0% cap · market cap 9.95%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
525
Businesses Nearby
135k
Monthly Visits Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 36%
Groceries 32%
Shops & Services 24%
Apparel 8%
Walmart Neighborhood Market
Groceries
43,592 visits/mo
0.0 miles
Braum's Ice Cream & Dairy Stores
Dining
23,110 visits/mo
0.4 miles
Dollar Tree
Shops & Services
21,318 visits/mo
0.1 miles
Taco Bell
Dining
13,697 visits/mo
0.0 miles
Goodwill
Apparel
10,271 visits/mo
0.3 miles
Demographics for 76053, TX
31,935
Population
12,803
Households
2.5
Avg Household Size
36
Median Age
29%
College-Educated
87%
High-School Grad
8.1 sq mi
ZIP Area
3,943
Density / Sq Mi
$62,402
Median Household Income
$39,147
Median Earnings
$1,322
Median Rent
$254,800
Median Home Value
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
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Similar Off Market Nearby
- Melbourne Plaza — 900 Melbourne Rd, Hurst, TX 76053
- The Shops at Hurst — 712 W Pipeline Rd, Hurst, TX 76053
- Tello drone — hurst, tx 76053
- Sunglass Hut at Macy's — 1101 Melbourne Rd Ste 300, Hurst, TX 76053
- Northeast Plaza — 8703 W Bedford Euless Rd, Hurst, TX 76053
Frequently Asked Questions
What type of property is this?
Shopping center - Commercial-zoned shopping center with service-oriented tenants, modern construction, and access to established retail and employment concentrations.
Where is this shopping center located?
The property is located at 712 West Pipeline Road Hurst, TX.
What is the asking price?
The asking price for this property is $4,400,000.
What are key features of this property?
This property features: 17,780‑square‑foot multi‑tenant shopping center; 88 percent occupied; 54 percent of gross leasable area on triple‑net terms; Built in 2016 with a metal roof design
