Versatile Office/Service
For Sale
$1,800,000
8624 Davis, North Richland Hills, TX 76182
Impeccably maintained commercial building with a versatile interior currently operating as a salon.
Property Size4,799 SF
Price / SF$375.08
Days on Market98
Property Features for 8624 Davis
General Information
Standard status
Active
Size
4,799 SF
Building Details
Year Built
2016
Listing Agency:
Coldwell Banker Realty
Listed By:
Greg Cagle · License #253535
(817) 308-2592
Source:
Minteerteam
Added: Jul 17
Changed: Oct 2
Last Checked: Oct 7 at 5:42PM
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 Coldwell Banker Realty
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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
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$82,927
Cap Rate
4.61%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,658,540
$1.7M
Cap Rate 7%
$1,184,671
$1.2M
Cap Rate 9%
$921,411
$921.4K
Market Conditions
NOI Build-Up for 4,799 SF
Gross rent
$147.4K $30.72/SF
− Vacancy
−$36.9K −$7.68/SF
EGI
$110.6K $23.04/SF
− OpEx
−$27.6K −$5.76/SF
NOI
$82.9K $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%
$1,658,540
Cap Rate 7%
$1,184,671
Cap Rate 9%
$921,411
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 authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
662
Businesses Nearby
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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
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Market
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Office unit - Impeccably maintained commercial building with a versatile interior currently operating as a salon.
Where is this office unit located?
The property is located at 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
