Office Building with Multiple
For Sale
$445,000
7604 BAKER, Richland Hills, TX 76118
Five separate office spaces in an office building with conference room, kitchen area, and parking in front and rear.
Property Size1,656 SF
Lot Size0.17 Acres
Days on Market94
Property Features for 7604 BAKER
General Information
Standard status
Active
Size
1,656 SF
Lot size
0.17 Acres
Property subtype
Office
Additional Details
Office Units
5
Taxes and HOA fees
Annual Taxes
$3,312
Amenities
conference room
kitchen area
fenced drive
Building Details
Building Size
1,656 SF
Year Built
1955
Listing Agency:
Engel&Volkers Dallas Southlake
Listed By:
Tony Maniaci · License #0570435
(949) 558-7878
Source:
Nilesrealtygroup
Added: Jul 20
Changed: Oct 20
Last Checked: Oct 21 at 4:12AM
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 Engel&Volkers Dallas Southlake
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This office building is configured with five separate office spaces and includes a conference room, a kitchen area, and restroom facilities. Parking is available at both the front and rear of the building, and the property also features a fenced drive.
The seller indicates the property is also available for lease, and is open to seller financing depending on terms.
With multiple offices and shared amenity areas, the layout supports a professional, self-contained working environment for an owner-user or investment scenario.
The seller indicates the property is also available for lease, and is open to seller financing depending on terms.
With multiple offices and shared amenity areas, the layout supports a professional, self-contained working environment for an owner-user or investment scenario.
Key Highlights
- Office building built in 1955 with five separate office spaces
- Includes conference room and kitchen area
- Parking available at both the front and rear of the building
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$28,616
Cap Rate
6.43%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$572,320
$572.3K
Cap Rate 7%
$408,800
$408.8K
Cap Rate 9%
$317,956
$318.0K
Market Conditions
NOI Build-Up for 1,656 SF
Gross rent
$50.9K $30.72/SF
− Vacancy
−$12.7K −$7.68/SF
EGI
$38.2K $23.04/SF
− OpEx
−$9.5K −$5.76/SF
NOI
$28.6K $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 Rate 5%
$572,320
Cap Rate 7%
$408,800
Cap Rate 9%
$317,956
Alternative Uses
Best Use
Office B
$408.8K
$357.7K – $476.9K
NOI $28,616 @ 7.0% cap · market cap 6.43%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$582.5K
$509.7K – $679.6K
NOI $40,777 @ 7.0% cap · market cap 9.16%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Lease Details
5
Office units
Location Intelligence
Trade Area within ½ mile
560
Businesses Nearby
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Office unit - Five separate office spaces in an office building with conference room, kitchen area, and parking in front and rear.
Where is this office unit located?
The property is located at 7604 BAKER Richland Hills, TX.
What is the asking price?
The asking price for this property is $445,000.
What are key features of this property?
This property features: Office building built in 1955 with five separate office spaces; Includes conference room and kitchen area; Parking available at both the front and rear of the building
