Medical/Professional Office Space For
For Sale
$1,200,000
7720 Rufe Snow Building 5, North Richland Hills, TX 76148
High-end, walk-in ready office space in Royal Crest Office Park.
Property Size4,173 SF
Price / SF$287.56
Days on Market131
Property Features for 7720 Rufe Snow Building 5
General Information
Standard status
Active
Size
4,173 SF
Class
B
Property subtype
Office
Building Details
Building Size
4,173 SF
Year Built
2019
Listing Agency:
(972) 765-0886
Listed By:
Matt Matthews, MBA, CCIM
(972) 765-0886
Source:
Svntrinity
Added: Apr 1
Changed: Aug 8
Last Checked: Aug 8 at 3:01PM
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 Matt Matthews, MBA, CCIM
Investment Insights
Based on property information with market context.
Located at the southeast quarter of Bursey Rd. & Rufe Snow, Royal Crest Office Park offers new, high-end, walk-in ready medical and professional office space for sale. The property is situated on the Keller/North Richland Hills border and is surrounded by other professional offices, national and local retail, as well as demographically sound neighborhoods. The traffic count at Rufe Snow & Bursey Rd is over 23,000 VPD. This newer construction garden-style office provides an opportunity to occupy between 2,787 SF and 4,173 SF and presents a great owner/user opportunity.
Key Highlights
- High‑end, walk‑in ready medical & professional office space.
- Located at the intersection of Bursey Rd. & Rufe Snow with high traffic count (over 23,000 VPD).
- Situated in Royal Crest Office Park, surrounded by professional offices, retail, and established neighborhoods.
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
$72,109
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
6.01%
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%
$1,442,180
$1.4M
Cap Rate 7%
$1,030,129
$1.0M
Cap Rate 9%
$801,211
$801.2K
Market Conditions
NOI Build-Up for 4,173 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
$128.2K $30.72/SF
− Vacancy
−$32.0K −$7.68/SF
EGI
$96.1K $23.04/SF
− OpEx
−$24.0K −$5.76/SF
NOI
$72.1K $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%
$1,442,180
Cap Rate 7%
$1,030,129
Cap Rate 9%
$801,211
Alternative Uses
Best Use
Office B
$1.03M
$901.4K – $1.20M
NOI $72,109 @ 7.0% cap · market cap 6.01%
Second Best
Healthcare Medical
$1.02M
$893.9K – $1.19M
NOI $71,509 @ 7.0% cap · market cap 5.96%
Theoretical Best
Office A
$1.47M
$1.28M – $1.71M
NOI $102,756 @ 7.0% cap · market cap 8.56%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
259
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 76148, TX
23,587
Population
8,481
Households
2.8
Avg Household Size
37
Median Age
24%
College-Educated
89%
High-School Grad
4.7 sq mi
ZIP Area
5,019
Density / Sq Mi
$90,614
Median Household Income
$42,762
Median Earnings
$1,824
Median Rent
$227,600
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?
Medical Office Space - High-end, walk-in ready office space in Royal Crest Office Park.
Where is this medical office space located?
The property is located at 7720 Rufe Snow Building 5 North Richland Hills, TX.
What is the asking price?
The asking price for this property is $1,200,000.
What are key features of this property?
This property features: High‑end, walk‑in ready medical & professional office space.; Located at the intersection of Bursey Rd. & Rufe Snow with high traffic count (over 23,000 VPD).; Situated in Royal Crest Office Park, surrounded by professional offices, retail, and established neighborhoods.
