Operational Restaurant Space For
For Sale
$700,000
7344 Baker Boulevard, Richland Hills, TX 76118
Fully operational restaurant with high visibility and convenient access.
Property Size2,040 SF
Price / SF$343.14
Days on Market123
Property Features for 7344 Baker Boulevard
General Information
Standard status
Active
Size
2,040 SF
Property subtype
Commercial
Zoning
Commercial
Building Details
Building Size
2,040 SF
Year Built
1974
Stories
1
Units
1
Listing Agency:
Keller Williams Legacy
(972) 599-7000
Listed By:
Jordan Davis · License #0632691
(817) 313-7973
Source:
Signaturere
Added: Apr 22
Changed: Aug 8
Last Checked: Aug 21 at 2:19PM
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 Keller Williams Legacy
Investment Insights
Based on property information with market context.
This is a rare opportunity to own a fully operational restaurant space in the heart of Richland Hills, conveniently located just off Loop 820 and Highway 121. The property offers excellent visibility and easy access in a high-traffic area. The interior features a spacious dining area capable of accommodating high guest volume, along with a fully equipped commercial kitchen that's ready for immediate use. Guests will enjoy the added benefit of a large outdoor patio, perfect for al fresco dining or hosting events. A drive-through window adds valuable convenience and potential for fast-casual or quick-service operations. Ample on-site parking provides convenience for both customers and staff, enhancing the property's overall accessibility and appeal. The property size is 2040 square feet.
Key Highlights
- Fully equipped commercial kitchen ready for immediate use.
- High‑traffic location with excellent visibility and easy access off Loop 820 and Highway 121.
- Spacious dining area capable of accommodating high guest volume.
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
$30,900
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
4.41%
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%
$618,000
$618.0K
Cap Rate 7%
$441,429
$441.4K
Cap Rate 9%
$343,333
$343.3K
Market Conditions
NOI Build-Up for 2,040 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
$44.1K $21.60/SF
− Vacancy
−$2.9K −$1.40/SF
EGI
$41.2K $20.20/SF
− OpEx
−$10.3K −$5.05/SF
NOI
$30.9K $15.15/SF
Area
Tarrant County, TX
Vacancy
6.50%
Lease Rate
$21.60 /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%
$618,000
Cap Rate 7%
$441,429
Cap Rate 9%
$343,333
Alternative Uses
Best Use
Specialty Retail
$441.4K
$386.3K – $515.0K
NOI $30,900 @ 7.0% cap · market cap 4.41%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$717.6K
$627.9K – $837.2K
NOI $50,233 @ 7.0% cap · market cap 7.18%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
529
Businesses Nearby
17k
Monthly Visits Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 70%
Dining 30%
Dollar General
Shops & Services
6,242 visits/mo
0.2 miles
El Chico
Dining
5,063 visits/mo
0.5 miles
Valero Energy
Shops & Services
3,623 visits/mo
0.2 miles
Public Storage
Shops & Services
1,287 visits/mo
0.3 miles
Public Storage
Shops & Services
581 visits/mo
0.5 miles
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 Retail in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Conventional restaurant - Fully operational restaurant with high visibility and convenient access.
Where is this conventional restaurant located?
The property is located at 7344 Baker Boulevard Richland Hills, TX.
What is the asking price?
The asking price for this property is $700,000.
What are key features of this property?
This property features: Fully equipped commercial kitchen ready for immediate use.; High‑traffic location with excellent visibility and easy access off Loop 820 and Highway 121.; Spacious dining area capable of accommodating high guest volume.
