Modern Office Building For
For Sale
Contact for pricing
Pending
8479 Davis Blvd, North Richland Hills, TX 76182
16,524 SF office building in North Richland Hills, TX.
Property Size16,524 SF
Days on Market639
Property Features for 8479 Davis Blvd
General Information
Standard status
Pending
Size
16,524 SF
Class
B
Property subtype
Office
Zoning
C1-Commercial
Lease Type
NNN
Investment Type
Value Add
Building Details
Year Built
2017
Year Renovated
2020
Buildings
1
Stories
1
Units
3
Tenancy
Multi
Listing Agency:
Hudson Peters Commercial
Listed By:
Michelle Hudson · License #TX 629153
(214) 389-3663
Source:
Crexi
Added: Dec 4, 2024
Changed: Aug 25
Last Checked: Sep 3 at 7:58AM
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
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$285,535
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
4.39%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$5,710,700
$5.7M
Cap Rate 7%
$4,079,071
$4.1M
Cap Rate 9%
$3,172,611
$3.2M
Market Conditions
NOI Build-Up for 16,524 SF
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.
Gross rent
$507.6K $30.72/SF
− Vacancy
−$126.9K −$7.68/SF
EGI
$380.7K $23.04/SF
− OpEx
−$95.2K −$5.76/SF
NOI
$285.5K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$5,710,700
Cap Rate 7%
$4,079,071
Cap Rate 9%
$3,172,611
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 authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
795
Businesses Nearby
Explore this area
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
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
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Frequently Asked Questions
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
