North Richland Hills Retail
For Sale
$795,000
753 Mid Cities Boulevard, North Richland Hills, TX 76180
3,021 SF building in a high-traffic North Richland Hills location.
Property Size3,021 SF
Price / SF$263.16
Days on Market203
Property Features for 753 Mid Cities Boulevard
General Information
Standard status
Active
Size
3,021 SF
Class
B
Property subtype
Office
Building Details
Building Size
3,021 SF
Year Built
2012
Listing Agency:
SVN | Trinity Advisors
(817) 288-5508
Listed By:
James Blake, CCIM · License #TX #340987
Source:
Svntrinity
Added: Jan 27
Changed: Aug 8
Last Checked: Jul 16 at 3:27AM
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 SVN | Trinity Advisors
Investment Insights
Based on property information with market context.
The property at 753 Mid Cities Blvd features a 3,021 SF building situated in North Richland Hills, Texas, within the HEB/Mid-Cities submarket of Tarrant County. The location benefits from high visibility and accessibility on Mid Cities Boulevard, amidst a dense mix of retail, residential, and commercial establishments. Located in a rapidly growing area within the Dallas–Fort Worth Metroplex, the property offers connectivity to major thoroughfares, a strong consumer base, and potential for sustained long-term growth. The building is positioned in the Mid-Cities area of Tarrant County, within a corridor of Precinct Line and Mid Cities Blvd, a hub for retail and business activity near major retailers such as Wal-Mart, Lowes, The Home Depot, Kroger, Tom Thumb, and Sprouts. The building has visibility on Mid Cities Blvd, one block from the stop light intersection of Precinct Line and Mid Cities Blvd in North Richland Hills, TX. It can be used for office, retail, or medical purposes and has easy access to major thoroughfares.
Key Highlights
- Prime location in the heart of North Richland Hills with strong visibility on Mid Cities Boulevard.
- Versatile 3,021 SF building suitable for office, retail, or medical use.
- Excellent accessibility to major thoroughfares in the rapidly growing Dallas‑Fort Worth Metroplex.
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
$52,203
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
6.57%
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%
$1,044,060
$1.0M
Cap Rate 7%
$745,757
$745.8K
Cap Rate 9%
$580,033
$580.0K
Market Conditions
NOI Build-Up for 3,021 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
$92.8K $30.72/SF
− Vacancy
−$23.2K −$7.68/SF
EGI
$69.6K $23.04/SF
− OpEx
−$17.4K −$5.76/SF
NOI
$52.2K $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%
$1,044,060
Cap Rate 7%
$745,757
Cap Rate 9%
$580,033
Alternative Uses
Best Use
Office B
$745.8K
$652.5K – $870.1K
NOI $52,203 @ 7.0% cap · market cap 6.57%
Second Best
Healthcare Medical
$739.5K
$647.1K – $862.8K
NOI $51,768 @ 7.0% cap · market cap 6.51%
Theoretical Best
Office A
$1.06M
$929.9K – $1.24M
NOI $74,389 @ 7.0% cap · market cap 9.36%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
757
Businesses Nearby
Explore this area
Business Placement
Demographics for 76180, TX
37,087
Population
16,138
Households
2.3
Avg Household Size
37
Median Age
33%
College-Educated
92%
High-School Grad
9.3 sq mi
ZIP Area
3,988
Density / Sq Mi
$78,688
Median Household Income
$42,984
Median Earnings
$1,553
Median Rent
$286,700
Median Home Value
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Retail space - 3,021 SF building in a high-traffic North Richland Hills location.
Where is this retail space located?
The property is located at 753 Mid Cities Boulevard North Richland Hills, TX.
What is the asking price?
The asking price for this property is $795,000.
What are key features of this property?
This property features: Prime location in the heart of North Richland Hills with strong visibility on Mid Cities Boulevard.; Versatile 3,021 SF building suitable for office, retail, or medical use.; Excellent accessibility to major thoroughfares in the rapidly growing Dallas‑Fort Worth Metroplex.
