Medical/Professional Office Space For
7720 Rufe Snow Building 5, North Richland Hills, TX 76148
For Sale
$1,200,000
High-end, walk-in ready office space in Royal Crest Office Park.
Property Size4,173 SF
Price / SF$287.56
Days on Market223
Property Features for 7720 Rufe Snow Building 5
General Information
Standard status
Size
Class
Property subtype
Building Details
Building Size
Year Built
Listed By:
Matt Matthews, MBA, CCIM
(972) 765-0886
Source:
Svntrinity
Added: Apr 1
Changed: Aug 9
Last Checked: Aug 9 at 11:27PM
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
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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 / Yr
$72,109
Cap Rate
6.01%
Suggested Prices Based on Cap Rates
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
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 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.
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Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
259
Businesses Nearby
Under-served
Demand for This Use
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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
$227,600
Median Home Value
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Market
Average Price Trend$/SF for Medical Office Space in Tarrant County, TX
Properties on Market for Medical Office Space in Tarrant County
Vacancy Rate% for Office in South region
Similar Off Market Nearby
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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.
