Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Residential Development Opportunity in Texas Title is generated by Realmo AI

    8220 Turner Drive, North Richland Hills, TX 76182

    View on Map
    Claim this Listing
    For Sale
    $1,600,000

    LAND - North Richland Hills, TX

    Lot size:
    4.29 Acres
    Added:
    Mar 16, 2026
    Days on Market:
    80
    Last Refresh:
    Jun 3 at 6:06 am

    Property Features for 8220 Turner Drive

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    APN
    02784483
    Lot size
    4.29 Acres

    Taxes and HOA fees

    Tax Description
    SMITHFIELD ACRES ADDITION BLOCK 12 LOT A
    Tax Annual Amount
    10794

    Utilities

    Sewer type
    Public Sewer
    Water source
    Public

    We can help!

    Listing Contact
    Jan Awadalla

    Listing agent Jan Awadalla License #0690988

    Listing office Beam Real Estate, LLC Farmers Branch, TX

    Listing date Mar 16, 2026

    MLS# 21209053 Listing URL

    Copyright © 2026 North Texas Real Estate Information Systems, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • Approved preliminary plat for an 18‑lot residential subdivision.
    • Completed and approved paving, drainage, utility, and landscaping engineering plans.
    • Located in a highly desirable North Richland Hills location.
    • Water, sewer, and electric utilities available along street frontage.
    • Nearby new construction with homes selling in the $700K+ range.
    • Relatively flat site suitable for efficient development.

    Overview

    This property presents a prime residential development opportunity, featuring an approved preliminary plat for an 18-lot subdivision on approximately 4.298 acres. Located in a desirable area of North Richland Hills, Texas, the relatively flat site is suitable for efficient development. Completed and approved paving, drainage, utility, and landscaping engineering plans are available, along with completed soil tests. Water, sewer, and electric utilities are accessible along the street frontage. Nearby new construction features homes selling in the $700K+ range. This opportunity is ideal for builders and developers, with development plans already in place. The seller has completed zoning, platting, and engineering approvals. Infrastructure installation is the responsibility of the buyer.
    Property Profile Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Accounting Firm

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    North Richland Hills
    County
    Tarrant
    State
    Texas
    Longitude
    -97.205766
    Latitude
    32.876294

    Nearby Similar for Sale

    • $899,000

      Medical Office Building with Plumbed Suites

      Well-maintained two-suite medical office with ADA restrooms and suites plumbed for dental or medical use.
      6340 Davis Boulevard, North Richland Hills, TX 76180
      View Details
    • $599,950

      Standalone Drive-Thru Restaurant

      Freestanding corner restaurant with drive-thru, on-site parking, and strong street visibility for an owner-user or investor.
      8721 Boulevard 26, North Richland Hills, TX 76180
      View Details
    • $950,000

      Multi-Use Retail Property with Two Buildings

      Two-building commercial property with existing salon use and space suited for additional retail, office, or professional services.
      6716 Smithfield Road, North Richland Hills, TX 76182
      View Details
    • $310,000
      1,120 SF

      Income-Producing Commercial Property Near DFW

      Commercial property in North Richland Hills with redevelopment potential.
      4005 Rufe Snow Dr, North Richland Hills, TX 76180
      View Details
    • $270,000
      1,164 SF

      Duplex Investment with Lease

      Well-kept 3-bedroom, 2-bath duplex unit leased through March 2027 for steady rental income.
      6913 Sierra Drive, North Richland Hills, TX 76180
      View Details
    • $1,500,000

      North Richland Hills Land Opportunity

      Rare 3-acre tract in North Richland Hills, Texas.
      6625 Crane Road, North Richland Hills, TX 76182
      View Details
    • $375,000

      Well-Maintained Full Duplex Opportunity

      Two identical units with open living, wood-burning fireplace, and side yards, offering owner or rental flexibility.
      7316 Davis Boulevard, North Richland Hills, TX 76182
      View Details
    • $795,000
      3,021 SF

      North Richland Hills Retail Building

      3,021 SF building in a high-traffic North Richland Hills location.
      753 Mid Cities Boulevard, North Richland Hills, TX 76180
      View Details
    • $795,000
      3,021 SF

      North Richland Hills Retail/Office Building

      3,021 SF building in a high-traffic retail and business area.
      753 Mid Cities Boulevard, North Richland Hills, TX 76180
      View Details
    • $1,200,000
      4,173 SF

      Medical/Professional Office Space For Sale

      High-end, walk-in ready office space in Royal Crest Office Park.
      7720 Rufe Snow, Building 5 | North Richland Hills, TX 76148
      View Details
    • $295,000

      Duplex with Rear Carport Parking

      Income-producing duplex with two 2-bedroom, 2-bath units and rear carport parking, with long-term tenants in place.
      7508 / 7510 Hanover Lane, North Richland Hills, TX 76180
      View Details
    • $150,000

      Land in North Richland Hills

      Unimproved land suitable for development in North Richland Hills, TX.
      4017 Scruggs Drive, North Richland Hills, TX 76180
      View Details

    FAQs

    What type of property is this?
    Land - 18-lot residential development opportunity in North Richland Hills, Texas.
    Where is this land located?
    The property is located at 8220 Turner Drive North Richland Hills, TX.
    What is the asking price?
    The asking price for this property is $1,600,000.
    What are key features of this property?
    This property features: Approved preliminary plat for an 18‑lot residential subdivision.; Completed and approved paving, drainage, utility, and landscaping engineering plans.; Located in a highly desirable North Richland Hills location.
    (972) 484-6644
    We can help!
    Listing Contact
    Jan Awadalla
    Real Estate License ID: 0690988
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    8220 Turner Drive, North Richland Hills, TX 76182
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!