Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    6605 Precinct Line Rd North Richland Hills, TX 76182

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Lease
    Contact for pricing

    Office space available for rent in North Richland Hills.

    Type:Office
    Property size:
    2,780 SF
    Added:
    Dec 8, 2022
    Days on Market:
    1228
    Last Refresh:
    Mar 17 at 1:18 pm

    Property Features for 6605 Precinct Line Rd

    General Information

    Standard status
    Active
    Size
    2,780 SF
    Property subtype
    Office

    Building Details

    Year Built
    2004

    Spaces For Lease

    at 6605 Precinct Line Rd Contact us

    Available Space 1 $18 /Mo

    Size
    2,780 SF
    Type
    Office
    Contact us

    We can help!

    Listing Contact
    Judy Nitzinger

    Listing agent Judy Nitzinger License #TX #496249

    Listing office Advisors Commercial Real Estate

    Listing date Dec 8, 2022

    Source Crexi

    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 Advisors Commercial Real Estate

    Overview

    North Richland Hills Office Space

    An office space is available for rent at a property located on Precinct Line Rd in North Richland Hills, Texas. The available space encompasses 2,780 square feet.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Office Units

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center 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
    -97.186708
    Latitude
    32.8666017

    Nearby Similar for Lease

    • Contact for pricing

      North Richland Hills Office Space

      Turn-key office space available for lease in North Richland Hills.
      6340 Davis Boulevard, North Richland Hills, TX 76180
      View Details
    • Contact for pricing

      North Richland Hills Office Space

      Office suite in prime North Richland Hills location for rent.
      8217 Mid Cities Boulevard, North Richland Hills, TX 76182
      View Details
    • Contact for pricing

      Turn-Key School and Daycare Facility

      Move-in ready school/daycare facility for lease in North Richland Hills.
      7708-7704 Maplewood Avenue, North Richland Hills, TX 76180
      View Details
    • $15/mo

      Retail Space Near Whataburger

      Retail space available next to Whataburger on corner lot.
      5208 Davis Boulevard, North Richland Hills, TX 76180
      View Details
    • Contact for pricing

      Premier Office Space Available

      Exceptional office space with modern amenities and highway access.
      4925 Davis Boulevard, North Richland Hills, TX 76180
      View Details
    • $13/mo

      Retail Space on Rufe Snow

      Freestanding retail building in high-traffic North Richland Hills location.
      6976 Rufe Snow Drive, N. Richland Hills, TX 76148
      View Details
    • $22/mo

      Huntington Square Business Park Office

      Office suite for lease in Huntington Square Business Park.
      9292 Huntington Square, North Richland Hills, TX 76182
      View Details
    • Contact for pricing

      North Richland Hills Office Space

      Office space available for rent in North Richland Hills, TX.
      8217 Mid Cities Boulevard 200, North Richland Hills, TX 76182
      View Details
    • $16/mo

      Retail Space on Rufe Snow

      Modern retail space with high visibility and convenient access.
      5142 - 5198 Rufe Snow Dr, North Richland Hills, TX 76180
      View Details
    • $17/mo

      New Office Space Available

      Brand new, ready-to-occupy office space on Keller/NRH border.
      7720 Rufe Snow Building 6, North Richland Hills, TX 76148
      View Details
    • $12/mo

      Retail Space on Rufe Snow

      Retail space for lease, convenient location on Rufe Snow.
      5755 Rufe Snow Drive, North Richland Hills, TX 76180
      View Details
    • Contact for pricing

      Adaptable Neighborhood Facility in North Richland Hills

      Versatile space ideal for education, care, or professional services.
      7515 Smithfield Road, North Richland Hills, TX, 76182
      View Details

    FAQs

    What type of property is this?
    Office units - Office space available for rent in North Richland Hills.
    Where is this office units located?
    The property is located at 6605 Precinct Line Rd North Richland Hills, TX.
    What are key features of this property?
    This property features: Available office space; Size: **2,780 SqFt**; 1 space available
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Judy Nitzinger
    Real Estate License ID: TX #496249
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!