New Medical Office Investment
For Sale
Contact for pricing
8501 Mid Cities Blvd, North Richland Hills, TX 76182
New construction medical office building for sale, 100% occupied.
Property Size5,086 SF
Price / SF$367.09
Days on Market2270
Property Features for 8501 Mid Cities Blvd
General Information
Standard status
Active
Size
5,086 SF
Property subtype
Office
Zoning
PD
Occupancy
100%
Net Operating Income
$100,160
Building Details
Year Built
2020
Buildings
3
Units
2
Listing Agency:
Silver Oak Commercial Realty
Listed By:
LeAnn Brown · License #TX
(817) 849-8282
Source:
Crexi
Added: Jul 21, 2020
Changed: Sep 24
Last Checked: Oct 5 at 4:42PM
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 Silver Oak Commercial Realty
Investment Insights
Based on property information with market context.
This new construction medical/office building at 8501 Mid-Cities Blvd. is available for sale as an investment opportunity. It is the first of three buildings in Stonecreek Office Park. The building is fully finished with functional design and natural light. Stonecreek Office Park is centrally located in the Mid-Cities, directly in front of Stonecreek Assisted Living Center, with easy freeway access and proximity to area hospitals. The property has direct exposure to Mid-Cities Blvd., with building and monument signage visible to over 22,000 vehicles daily. Located at the lighted intersection of Mid-Cities Blvd. and Amundson Dr., Stonecreek Office Park is approximately 1 mile from major retailers and restaurants. The property is adjacent to Walker's Creek Trail. The building is 100% occupied and has a size of 5086 square feet.
Key Highlights
- 100% Occupied - Immediate Income Stream
- New Construction (2020) - Modern Design and Amenities
- Prime Location - High Visibility on Mid‑Cities Blvd. with 22,000+ Daily Drivers
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$87,886
Cap Rate
4.71%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,757,720
$1.8M
Cap Rate 7%
$1,255,514
$1.3M
Cap Rate 9%
$976,511
$976.5K
Market Conditions
NOI Build-Up for 5,086 SF
Gross rent
$156.2K $30.72/SF
− Vacancy
−$39.1K −$7.68/SF
EGI
$117.2K $23.04/SF
− OpEx
−$29.3K −$5.76/SF
NOI
$87.9K $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%
$1,757,720
Cap Rate 7%
$1,255,514
Cap Rate 9%
$976,511
Alternative Uses
Best Use
Office B
$1.26M
$1.10M – $1.46M
NOI $87,886 @ 7.0% cap · market cap 4.71%
Second Best
Healthcare Medical
$1.25M
$1.09M – $1.45M
NOI $87,154 @ 7.0% cap · market cap 4.67%
Theoretical Best
Office A
$1.79M
$1.57M – $2.09M
NOI $125,238 @ 7.0% cap · market cap 6.71%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
536
Businesses Nearby
Under-served
Demand for This Use
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
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
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Frequently Asked Questions
What type of property is this?
Medical Office Space - New construction medical office building for sale, 100% occupied.
Where is this medical office space located?
The property is located at 8501 Mid Cities Blvd North Richland Hills, TX.
What is the asking price?
The asking price for this property is $1,867,000.
What are key features of this property?
This property features: 100% Occupied - Immediate Income Stream; New Construction (2020) - Modern Design and Amenities; Prime Location - **High Visibility on Mid‑Cities Blvd. with 22,000+ Daily Drivers**
