Freestanding Drive-Through
8721 Boulevard 26, North Richland Hills, TX 76180
For Sale
$599,950
CommercialSale, North Richland Hills, TX
Property Size1,532 SF
Lot Size0.23 Acres
Price / SF$391.61
Days on Market31
Property Features for 8721 Boulevard 26
General Information
Property type
Property subtype
Zoning description
Parking features
Security features
Subdivision
Directions
Standard status
APN
Lot size
Additional Details
Tenant in Place
Taxes and HOA fees
Tax Description
Tax Annual Amount
Legal Description
Utilities
Sewer type
Heating system
Cooling system
Water source
Building Details
Year built
Floors in Building
Number of units
Flooring type
Building materials
Roof type
Listing Agency:
Keller Williams Realty-FM
Listed By:
Erik Bauer · License TX #0626338
(972) 874-1905
Added: Oct 13
Changed: Oct 23
Last Checked: Nov 12 at 7:06PM
MLS# 21410405
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.
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Investment Insights
Based on property information with market context.
This freestanding restaurant property includes a drive-through and a parking lot. The building was constructed in 1998, with brick exterior materials, tile and laminate flooring, and a flat asphalt roof. Heating is central and natural gas; cooling includes central air and ceiling fans.
The property is at 8721 Boulevard 26 in North Richland Hills. Public water and sewer serve the site. A tenant has four years remaining on the lease.
The property is at 8721 Boulevard 26 in North Richland Hills. Public water and sewer serve the site. A tenant has four years remaining on the lease.
Key Highlights
- Freestanding restaurant with a drive‑through
- Tenant lease has four years remaining
- Built in 1998 with brick exterior materials
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$23,205
Cap Rate
3.87%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$464,100
$464.1K
Cap Rate 7%
$331,500
$331.5K
Cap Rate 9%
$257,833
$257.8K
Market Conditions
NOI Build-Up for 1,532 SF
Gross rent
$33.1K $21.60/SF
− Vacancy
−$2.2K −$1.40/SF
EGI
$30.9K $20.20/SF
− OpEx
−$7.7K −$5.05/SF
NOI
$23.2K $15.15/SF
Area
Tarrant County, TX
Vacancy
6.50%
Lease Rate
$21.60 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$464,100
Cap Rate 7%
$331,500
Cap Rate 9%
$257,833
Alternative Uses
Best Use
Specialty Retail
$331.5K
$290.1K – $386.8K
NOI $23,205 @ 7.0% cap · market cap 3.87%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$538.9K
$471.6K – $628.7K
NOI $37,724 @ 7.0% cap · market cap 6.29%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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See the owner, sales and loan history
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
748
Businesses Nearby
3k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Hotels & Casinos 100%
Hilton Garden Inn Dallas
Hotels & Casinos
2,850 visits/mo
0.4 miles
Demographics for 76180, TX
37,087
Population
16,138
Households
2.3
Avg Household Size
37
Median Age
33%
College-Educated
92%
High-School Grad
9.3 sq mi
ZIP Area
3,988
Density / Sq Mi
$78,688
Median Household Income
$42,984
Median Earnings
$1,553
Median Rent
$286,700
Median Home Value
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Market
Properties on Market for Drive through restaurants in Tarrant County
Vacancy Rate% for Retail in South region
Frequently Asked Questions
What type of property is this?
Drive through restaurant - A corner-site restaurant offers a dedicated service lane and on-site parking.
Where is this drive through restaurant located?
The property is located at 8721 Boulevard 26 North Richland Hills, TX.
What is the asking price?
The asking price for this property is $599,950.
What are key features of this property?
This property features: Freestanding restaurant with a drive‑through; Tenant lease has four years remaining; Built in 1998 with brick exterior materials
