Freestanding Drive-Through
New
For Sale
$599,950
8721 Boulevard 26, North Richland Hills, TX 76180
CommercialSale, North Richland Hills, TX
Property Size1,532 SF
Lot Size0.23 Acres
Price / SF$391.61
Days on Market2
Property Features for 8721 Boulevard 26
General Information
Property type
Commercial Sale
Property subtype
Retail
Zoning description
FSFastFood - Food Service-Fast Food Restaurant
Parking features
Parking Lot
Security features
Security
Subdivision
Walker Branch Add
Directions
Use GPS.
Standard status
Active
APN
07067291
Lot size
0.23 Acres
Taxes and HOA fees
Tax Description
WALKER BRANCH ADDITION BLOCK 2 LOT 3R2
Tax Annual Amount
12962
Legal Description
WALKER BRANCH ADDITION BLOCK 2 LOT 3R2
Utilities
Sewer type
Public Sewer
Heating system
Natural Gas, Central
Cooling system
Electric, Ceiling Fan(s), Central Air
Water source
Public
Building Details
Year built
1998
Floors in Building
1
Number of units
1
Flooring type
Laminate, Tile
Building materials
Brick
Roof type
Asphalt, Flat
Listing Agency:
Keller Williams Realty-FM
(972) 874-1905
Listed By:
Erik Bauer · License #0626338
(214) 853-2540
Added: Oct 13
Last Checked: Oct 14 at 7:06AM
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.
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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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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in South region
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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
