Modern Office Building For
8479 Davis Blvd North Richland Hills, TX 76182
8479 Davis Blvd, North Richland Hills, TX, 76182
Contact for pricing
For Sale
Contact for pricing
Pending
16,524 SF office building in North Richland Hills, TX.
Property Size16,524 SF
Days on Market591
Property Features for 8479 Davis Blvd
General Information
- Standard status
- Pending
- Size
- 16,524 SF
- Property subtype
- Office
Building Details
- Year Built
- 2017
Listing Agency
Hudson Peters Commercial
(214) 389-3663
Listed by
Michelle Hudson · License #TX 629153
Source
Crexi
Added: Dec 4, 2024 Checked: Jul 16 at 8:59 am
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 Hudson Peters Commercial
Investment Insights
Based on property information with market context.
This commercial real estate property is located in North Richland Hills, TX. Constructed in 2017, the meticulously-maintained building offers 16,524 square feet of space. The property is suitable for office and medical users, presenting an investment or lease opportunity. The building features in-place income with a credit tenant, allowing time to re-tenant or early termination for self-occupancy.
Key Highlights
- Modern 16,524 SF building constructed in 2017
- Strategic location in North Richland Hills, TX
- Suitable for office and medical users
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 | $507.6k | $30.72 |
| − Vacancy | −$126.9k | −$7.68 |
| EGI | $380.7k | $23.04 |
| − OpEx | −$95.2k | −$5.76 |
| NOI | $285.5k | $17.28 |
16,524 SF · lease $30.72/SF/yr · vacancy 25.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$4.08M
$3.57M – $4.76M
NOI $285,535 @ 7.0% cap · market cap 4.39%
Second Best
Healthcare Medical
$4.05M
$3.54M – $4.72M
NOI $283,155 @ 7.0% cap · market cap 4.36%
Theoretical Best
Office A
$5.81M
$5.09M – $6.78M
NOI $406,887 @ 7.0% cap · market cap 6.26%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
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FAQs
What type of property is this?
Office building - 16,524 SF office building in North Richland Hills, TX.
Where is this office building located?
The property is located at 8479 Davis Blvd North Richland Hills, TX.
What is the asking price?
The asking price for this property is $6,500,120.
What are key features of this property?
This property features: Modern 16,524 SF building constructed in 2017; Strategic location in North Richland Hills, TX; Suitable for office and medical users
