Flexible Commercial
For Sale
Contact for pricing
7150 Baker Boulevard, Richland Hills, TX 76118
Versatile commercial property in an established Richland Hills business corridor with broad surrounding retail, office, and service activity.
Property Size4,200 SF
Price / SF$190.24
Days on Market21
Property Features for 7150 Baker Boulevard
General Information
Standard status
Active
Size
4,200 SF
Total Parking Spaces
14
Property subtype
Retail, Office
Zoning
Light Commercial
Investment Type
Redevelopment
Building Details
Year Built
1985
Buildings
1
Stories
1
Tenancy
Single
Listing Agency:
Oldham Goodwin Group Bryan / College Station
Listed By:
Brett Boatner · License #TX 0648033
(979) 268-2000
Source:
Crexi
Added: Aug 14
Changed: Sep 2
Last Checked: Sep 2 at 1:56PM
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 Oldham Goodwin Group Bryan / College Station
Investment Insights
Based on property information with market context.
This flexible commercial property was built in 1985 and offers a layout adaptable to a range of business operations. The space is positioned for an owner-user, investor, or company seeking room for expansion, with Light Commercial zoning supporting its commercial positioning.
Located at 7150 Baker Boulevard in Richland Hills, the property sits within an active business corridor surrounded by retail, office, industrial, healthcare, restaurant, and residential development. Its location provides visibility and connections throughout the DFW area, while the mix of nearby commercial activity adds to the property's operating context.
Located at 7150 Baker Boulevard in Richland Hills, the property sits within an active business corridor surrounded by retail, office, industrial, healthcare, restaurant, and residential development. Its location provides visibility and connections throughout the DFW area, while the mix of nearby commercial activity adds to the property's operating context.
Key Highlights
- Flexible layout suitable for a range of commercial uses
- 4,200 property size
- Light Commercial zoning
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
$72,576
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
9.08%
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%
$1,451,520
$1.5M
Cap Rate 7%
$1,036,800
$1.0M
Cap Rate 9%
$806,400
$806.4K
Market Conditions
NOI Build-Up for 4,200 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
$129.0K $30.72/SF
− Vacancy
−$32.3K −$7.68/SF
EGI
$96.8K $23.04/SF
− OpEx
−$24.2K −$5.76/SF
NOI
$72.6K $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%
$1,451,520
Cap Rate 7%
$1,036,800
Cap Rate 9%
$806,400
Alternative Uses
Best Use
Office B
$1.04M
$907.2K – $1.21M
NOI $72,576 @ 7.0% cap · market cap 9.08%
Second Best
Retail
$995.9K
$871.4K – $1.16M
NOI $69,713 @ 7.0% cap · market cap 8.73%
Theoretical Best
Office A
$1.48M
$1.29M – $1.72M
NOI $103,421 @ 7.0% cap · market cap 12.94%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
505
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 76118, TX
16,537
Population
6,584
Households
2.5
Avg Household Size
37
Median Age
27%
College-Educated
89%
High-School Grad
9.7 sq mi
ZIP Area
1,705
Density / Sq Mi
$90,453
Median Household Income
$47,969
Median Earnings
$1,400
Median Rent
$290,900
Median Home Value
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Flex space - Versatile commercial property in an established Richland Hills business corridor with broad surrounding retail, office, and service activity.
Where is this flex space located?
The property is located at 7150 Baker Boulevard Richland Hills, TX.
What is the asking price?
The asking price for this property is $799,000.
What are key features of this property?
This property features: Flexible layout suitable for a range of commercial uses; 4,200 property size; Light Commercial zoning
