Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    7301 Airport Fwy Richland Hills, TX

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Sale
    Contact for pricing

    NNN leased Shell gas station with 8 years remaining.

    Type:RETAIL
    Property size:
    1,929 SF
    Lot size:
    0.58 Acres
    Price / SF:
    $1,056/SF
    Added:
    Dec 17, 2024
    Days on Market:
    494
    Last Refresh:
    Apr 5 at 11:13 pm

    Property Features for 7301 Airport Fwy

    General Information

    Standard status
    Active
    Size
    1,929 SF
    Lot size
    0.58 Acres
    Property subtype
    RETAIL

    We can help!

    Listing Contact
    Chris Lind

    Listing agent Chris Lind

    Listing office Marcus & Millichap | Phoenix

    Listing date Dec 17, 2024

    Source Moodyscre

    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 | Phoenix

    Overview

    Richland Hills Shell Gas Station

    The property is a gas station with an absolute triple-net (NNN) lease and 8 years remaining on the lease term. The lease includes 1.5% annual rental increases and multiple renewal options. The tenant is a fully owned subsidiary of ARKO Holdings LTD., a Fortune 500 company with an S&P rating of B+ and operating over 3,700 locations. The property is situated off Airport Fwy 121, which sees a traffic volume of 100,407 cars per day. Located approximately 7 miles from Downtown Fort Worth, the surrounding area has a population of 246,466 residents within a 5-mile radius. The average household income within the same radius exceeds $80,600. The property size is 1,929 square feet. Shell is one of the largest and most financially stable oil and gas companies globally.
    Location Intelligence

    Current Use by Public Records

    Gas stations

    Map

    City
    Richland Hills
    County
    Tarrant
    State
    Texas
    Longitude
    -97.2281
    Latitude
    32.816

    Nearby Similar for Sale

    • $550,000

      Richland Hills Freestanding Office Building

      Freestanding office building in Richland Hills with convenient access.
      7235 Glenview Drive, Richland Hills, TX 76180
      View Details
    • $799,000

      Turnkey Venue in Richland Hills

      Renovated indoor-outdoor venue suitable for events and retail.
      7272 Glenview Drive, Richland Hills, TX 76180
      View Details
    • $375,000
      2,342 SF

      Professional Office Space on Glenview

      Versatile office space in high-traffic area, suitable for various uses.
      7294 Glenview Drive, Richland Hills, TX 76180
      View Details
    • $445,000

      Richland Hills Commercial Property For Sale

      Commercial property in Richland Hills suitable for various business uses.
      7604 BAKER, Richland Hills, TX 76118
      View Details
    • $445,000

      Richland Hills Office For Sale

      Commercial property in Richland Hills, TX, suitable for various enterprises.
      7604 BAKER, Richland Hills, TX 76118
      View Details
    • $1,269,000
      2,496 SF

      Richland Hills Retail/Office Opportunity

      Redevelopment or owner-user opportunity in the heart of Richland Hills.
      7255 Glenview Drive, Richland Hills, TX 76180
      View Details
    • $700,000

      Richland Hills Restaurant Opportunity

      Fully operational restaurant space with drive-through in high-traffic area.
      7344 Baker Boulevard, Richland Hills, TX 76118
      View Details
    • $978,000
      5,973 SF

      Richland Hills Flex Property

      Flex property with office and warehouse space in Richland Hills.
      6557 Baker Blvd, Richland Hills, TX 76118
      View Details
    • $978,000
      5,973 SF

      Richland Hills Flex Property

      Flex property with office and warehouse space in Richland Hills.
      6557 Baker Blvd, Richland Hills, TX 76118
      View Details
    • $2,250,000
      2,577 SF

      Net Lease Animal Hospital

      Corporate-backed animal hospital for sale in Richland Hills, TX.
      7610 Glenview Dr, Richland Hills, TX
      View Details
    • $700,000
      1,720 SF

      Office Building on Large Lot

      Office building with yard space and versatile rear building.
      6908 26 Blvd, RICHLAND HILLS, TX
      View Details
    • Contact for pricing
      12,000 SF

      Pre-Engineered Steel Warehouse Available

      12,000 SF warehouse with highway access and modern interiors.
      2805 Handley Ederville Rd, Richland Hills, TX
      View Details

    FAQs

    What type of property is this?
    Gas station - NNN leased Shell gas station with 8 years remaining.
    Where is this gas station located?
    The property is located at 7301 Airport Fwy Richland Hills, TX.
    What is the asking price?
    The asking price for this property is $2,038,000.
    What are key features of this property?
    This property features: Absolute triple‑net (NNN) lease with 8 years remaining and 1.5% annual rental increases.; Tenant is a fully owned subsidiary of ARKO Holdings LTD. (S&P: B+), a Fortune 500 Company.; High traffic location: situated off Airport Fwy 121 with 100,407 cars per day.
    (602) 370-9255 Call to check price and availability
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Chris Lind
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!