Versatile Office/Service
8624 8624 Davis North Richland Hills, TX 76182
New
8624 8624 Davis, North Richland Hills, TX, 76182
$1,800,000
For Sale
$1,800,000
Impeccably maintained commercial building with a versatile interior currently operating as a salon.
Property Size4,799 SF
Price / SF$375.08
Days on Market6
Property Features for 8624 8624 Davis
General Information
- Standard status
- Active
- Size
- 4,799 SF
- Property subtype
- Retail
Building Details
- Year Built
- 2016
Listing agency
Coldwell Banker Realty
(817) 308-2592
Listed by
Greg Cagle · License #253535
(817) 308-2592
Source
Xome
Added: Jul 17 Updated: Jul 21 at 2:45AM Checked: Jul 22 at 3:42AM
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 Coldwell Banker Realty
Investment Insights
Based on property information with market context.
Impeccably maintained commercial building offering 4,799 SF of move-in ready space. The property is currently operating as a high-end salon and includes a versatile layout that can be repurposed for a range of professional uses, including medical offices, a daycare, or other professional services.
The building is positioned at the crossroads of Keller, Southlake, Colleyville, and North Richland Hills, making it well-suited for investors and operators seeking flexible space in a high-demand area.
Designed to support a modern, professional environment, the offering combines turnkey readiness with an adaptable interior plan intended to accommodate different service-focused business needs.
The building is positioned at the crossroads of Keller, Southlake, Colleyville, and North Richland Hills, making it well-suited for investors and operators seeking flexible space in a high-demand area.
Designed to support a modern, professional environment, the offering combines turnkey readiness with an adaptable interior plan intended to accommodate different service-focused business needs.
Key Highlights
- 4,799 SF commercial building built in 2016
- Currently operating as a high‑end salon with a versatile interior layout that can be repurposed
- Move‑in ready for a similar business
Local 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 | $147.4k | $30.72 |
| − Vacancy | −$36.9k | −$7.68 |
| EGI | $110.6k | $23.04 |
| − OpEx | −$27.6k | −$5.76 |
| NOI | $82.9k | $17.28 |
4,799 SF · lease $30.72/SF/yr · vacancy 25.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$1.18M
$1.04M – $1.38M
NOI $82,927 @ 7.0% cap · market cap 4.61%
Second Best
Healthcare Medical
$1.17M
$1.03M – $1.37M
NOI $82,236 @ 7.0% cap · market cap 4.57%
Theoretical Best
Office A
$1.69M
$1.48M – $1.97M
NOI $118,171 @ 7.0% cap · market cap 6.57%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Office Units
Similar For Sale Nearby
FAQs
What type of property is this?
Office units - Impeccably maintained commercial building with a versatile interior currently operating as a salon.
Where is this office units located?
The property is located at 8624 8624 Davis North Richland Hills, TX.
What is the asking price?
The asking price for this property is $1,800,000.
What are key features of this property?
This property features: 4,799 SF commercial building built in 2016; Currently operating as a high‑end salon with a versatile interior layout that can be repurposed; Move‑in ready for a similar business
