Modern Office and Medical
For Sale
Contact for pricing
8479 Davis Blvd, North Richland Hills, TX 76182
Built in 2017, this 16,524 SF office and medical building offers in-place income with an existing tenant.
Property Size16,524 SF
Price / SF$393.37
Days on Market590
Property Features for 8479 Davis Blvd
General Information
Standard status
Active
Size
16,524 SF
Property subtype
OFFICE
Building Details
Year Built
2017
Listing Agency:
Hudson Peters Commercial
(214) 534-0226
Listed By:
Michelle Hudson · License #629153
(214) 534-0226
Source:
Moodyscre
Added: Dec 17, 2024
Changed: Jul 22
Last Checked: Jul 22 at 7:53PM
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 Hudson Peters Commercial
Investment Insights
Based on property information with market context.
Built in 2017, this meticulously maintained office and medical building totals 16,524 SF. The property is positioned to serve office and medical users and is currently operating with in-place income.
Located at 8479 Davis Blvd in North Richland Hills, Texas, the building offers an opportunity for buyers and tenants seeking an established, modern facility. The current tenant arrangement provides flexibility for parties looking to re-tenant or, if desired for self-occupancy, to evaluate an early termination option.
As presented, the asset combines newer construction with a practical office/medical configuration and an operating income component.
Located at 8479 Davis Blvd in North Richland Hills, Texas, the building offers an opportunity for buyers and tenants seeking an established, modern facility. The current tenant arrangement provides flexibility for parties looking to re-tenant or, if desired for self-occupancy, to evaluate an early termination option.
As presented, the asset combines newer construction with a practical office/medical configuration and an operating income component.
Key Highlights
- 16,524 SF office and medical building built in 2017
- In‑place income with an existing tenant
- Meticulously maintained commercial building suitable for office and medical users
Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $507.6k | $30.72 |
| − Vacancy | −$126.9k | −$7.68 |
| EGI | $380.7k | $23.04 |
| − OpEx | −$95.2k | −$5.76 |
| NOI | $285.5k | $17.28 |
16,524 SF · lease $30.72/SF/yr · vacancy 25.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$4.08M
$3.57M – $4.76M
NOI $285,535 @ 7.0% cap · market cap 4.39%
Second Best
Healthcare Medical
$4.05M
$3.54M – $4.72M
NOI $283,155 @ 7.0% cap · market cap 4.36%
Theoretical Best
Office A
$5.81M
$5.09M – $6.78M
NOI $406,887 @ 7.0% cap · market cap 6.26%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
662
Businesses Nearby
Explore this area
Business Placement
Demographics for 76182, TX
31,117
Population
11,845
Households
2.6
Avg Household Size
43
Median Age
40%
College-Educated
95%
High-School Grad
8.7 sq mi
ZIP Area
3,577
Density / Sq Mi
$119,722
Median Household Income
$60,589
Median Earnings
$1,821
Median Rent
$364,100
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?
Office building - Built in 2017, this 16,524 SF office and medical building offers in-place income with an existing tenant.
Where is this office building located?
The property is located at 8479 Davis Blvd North Richland Hills, TX.
What is the asking price?
The asking price for this property is $6,500,120.
What are key features of this property?
This property features: 16,524 SF office and medical building built in 2017; In‑place income with an existing tenant; Meticulously maintained commercial building suitable for office and medical users
