Sign Up Successful!
You now have access to more from Realmo!
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    The Largest CRE Database in the US with Over 1 Million Listings

    5101 Davis Blvd North Richland Hills, TX 76180

    Loading data...
    Loading data...
    Loading data...
    For Lease
    Contact for pricing

    North Richland Hills, TX: 860 sq ft retail space.

    Lot size:
    860 SF

    Property Features for 5101 Davis Blvd

    General Information

    Property type
    Individual retail properties
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    860 SF

    Spaces For Lease

    at 5101 Davis Blvd, North Richland Hills, TX 76180 Contact us

    We can help!

    Listing Contact
    Meredith Ray

    Listing Agency: Meredith Ray CRE Listing Agent: Meredith Ray

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    This 860-square-foot retail space is located at 5101 Davis Blvd in North Richland Hills, Texas, zip code 76180. The property is ideally suited for a variety of retail uses, including but not limited to: bakery, convenience store, florist, jewelry store, vape store, nail salon, barber shop, braiding studio, hair salon, restaurant, studio, and clothing store. The space is currently available for lease and is described as a "turn-key" space. Multiple tenants are permitted. New custom awnings are being installed. The property's location in North Richland Hills, Texas offers excellent visibility and accessibility. The property type is classified as Retail, Office, and Industrial. The space is particularly well-suited for a convenience store that also sells vapes, given its prime location. This presents a unique opportunity for a business seeking a ready-to-occupy space in a high-traffic area. The latitude and longitude coordinates are 32.8390844 and -97.2147717 respectively.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Retail space

    Suggested Use

    Real Estate Agency Restaurant Law Firm Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Gym & Fitness Center

    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
    -97.2147717
    Latitude
    32.8390844

    Nearby Similar for Lease

    • $14,995 /Mo
      19,000 SF

      Turn-Key School and Daycare Facility

      Move-in ready school/daycare facility for lease in North Richland Hills.
      7708-7704 Maplewood Ave, North Richland Hills, TX 76180
      View Details
    • Contact for pricing
      1,480 SF

      Retail Space on Davis Boulevard

      Move-in ready retail spaces with high visibility and frontage.
      5312-5322 Davis Blvd, North Richland Hills, TX 76180
      View Details
    • Contact for pricing
      1,600 SF

      New Retail/Medical Strip Center

      New retail/medical strip center with high visibility and access.
      8701 N Tarrant Pkwy, North Richland Hills, TX 76182
      View Details
    • $25 SF/Yr
      16,524 SF

      Prime Medical Office Space in N Richland Hills

      16,524 SF Multi-Tenant Medical Center, 5,726 SF Available
      8479 Davis Blvd, North Richland Hills, TX 76182
      View Details
    • Contact for pricing
      5,820 SF

      Retail Space in High-Traffic Area

      New retail space with high visibility and ample parking.
      8713 N Tarrant Pwky, North Richland Hills, TX
      View Details
    • Contact for pricing
      110,714 SF

      Greater Richland Retail Center

      North Richland Hills, TX: Prime Retail Space Available
      0 Richland Hl Tx, North Richland Hills, TX 76180
      View Details
    • Contact for pricing
      31,472 SF

      Citi Square Shopping Center: Prime Retail

      North Richland Hills retail center; 8 suites, spaces available.
      7901 Mid Cities Blvd, North Richland Hills, TX 76180
      View Details
    • $18 SF/Yr
      5,238 SF

      Precinct Line Road Office Space

      Prime Medical/Office Space Available
      6605 Precinct Line Rd, North Richland Hills, TX 76182
      View Details
    • $16 SF/Yr
      3,583 SF

      North Richland Hills Office Space

      Centrally located office space near DFW International Airport.
      8609 Mid Cities Blvd, North Richland Hills, TX 76182
      View Details
    • $19 SF/Yr
      5,014 SF

      Prime Medical Office Space, North Richland Hills

      Class A Medical Office, 2600 SF Available
      6252 Davis Blvd, North Richland Hills, TX 76180
      View Details
    • $12 SF/Yr
      47,759 SF

      Prime North Richland Hills Office Space

      Executive suites, flexible layouts, ample parking.
      5555 Rufe Snow Dr, North Richland Hills, TX 76180
      View Details
    • Contact for pricing
      2,296 SF

      North Richland Hills Retail Center

      189,410 SF shopping center with excellent highway visibility.
      7640-7653 Loop 820 NE, North Richland Hills, TX 76180
      View Details

    FAQs

    What type of property is this?
    Individual retail property - North Richland Hills, TX: 860 sq ft retail space.
    Where is this individual retail property located?
    The property is located at 5101 Davis Blvd North Richland Hills, TX.
    What are key features of this property?
    This property features: 860-square-foot retail space available for lease at 5101 Davis Blvd, North Richland Hills, TX 76180.; Suitable for various retail uses, including convenience stores, vape shops, and personal service businesses.; Turn-key condition with new custom awnings being installed.
    Request Owner's contact information
    5101 Davis Blvd North Richland Hills, TX 76180
    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.
    5101 Davis Blvd
    North Richland Hills, TX 76180
    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
    5101 Davis Blvd North Richland Hills, TX 76180
    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

    We can help!
    Listing Contact
    Meredith Ray
    Real Estate License ID: 0694641
    Learn more
    Google sign-in failed. Please try again or use another login method.