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    5615 Rufe Snow Dr North Richland Hills, TX 76180

    Sponsored
    For Sale
    $1,800,000

    High-yield NNN lease, 100% occupied.

    Property size:
    8,588 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    393
    This exceptional investment opportunity presents a single-tenant, 8,588 square foot Class B office building situated on a 0.91-acre lot in North Richland Hills, Texas. The property, located at 5615 Rufe Snow Dr, 76180, boasts a desirable I-2 zoning and benefits from high traffic visibility along a bustling retail corridor. Built in 1993 and renovated in 2020, this fully occupied asset offers a secure income stream with a strong tenant base. The property features a triple net (NNN) lease structure, minimizing landlord responsibilities. With an asking price of $1,800,000, the property offers a compelling 6.67% cap rate and a price per square foot of $209.59. The building is a single-story structure and is less than a mile from Highway 820, providing excellent access and visibility. This is an ideal investment for those seeking a reliable and lucrative addition to their portfolio. A detailed 10-year investment analysis is available upon request. The Tarrant County property (APN: 06660770) is categorized as both Creative and Traditional Office space.

    Property Features for 5615 Rufe Snow Dr

    General Information

    Property type
    Office space
    Square Feet
    8,588 SF
    Class
    B
    Lot Size
    39,640 SF

    Building Details

    Year Built/Renovated
    1993/2020
    Buildings
    1
    Stories
    1
    Units
    1

    HighLights

    • 100% Occupied single‑tenant office building.
    • High‑traffic location on a bustling retail corridor.
    • Less than one mile from Highway 820.
    Property Profile Location Intelligence

    Current Use by Public Records

    Office space

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    North Richland Hills
    County
    Tarrant
    State
    Texas
    Longitude
    -97.239039933756
    Latitude
    32.848261257286

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    FAQs

    What type of property is this?
    Office space - High-yield NNN lease, 100% occupied.
    Where is this office space located?
    The property is located at 5615 Rufe Snow Dr 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: 100% Occupied single-tenant office building.; High-traffic location on a bustling retail corridor.; Less than one mile from Highway 820.
    Request Owner's contact information
    5615 Rufe Snow Dr North Richland Hills, TX 76180
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    5615 Rufe Snow Dr North Richland Hills, TX 76180
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