Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search

    8053 Grapevine Hwy North Richland Hills, TX 76180

    For Sale
    $2,686,620

    North Richland Hills, TX storefront investment

    Property size:
    15,785 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    363
    Central Plaza, a 15,785-square-foot retail center in North Richland Hills, Texas, presents a compelling investment opportunity. This single-story, 1984-built property boasts 100% occupancy across nine tenants in eleven units, generating a strong NOI of $201,496.52 and a 7.50% cap rate. Located at 8053 Grapevine Hwy, the property features 194 feet of frontage on a major thoroughfare, just south of a signalized intersection. The 1.43-acre lot includes 67 parking spaces. Currently operating under a gross lease structure, this property offers significant value-add potential through rent increases and lease conversions to triple-net leases. The average rent is $13 per square foot. The F-1 zoning allows for flexibility. The property's prime location benefits from a dense trade area with 264,188 people within a five-mile radius, and proximity to new residential developments and the upcoming Peppa Pig Theme Park. The small suite sizes ensure high leasability. This property is ideal for investors seeking a strong return and redevelopment potential within the city's Business Improvement and Growth (BIG) Program. The asking price is $2,686,620, translating to $158.37 per square foot.

    Property Features for 8053 Grapevine Hwy

    General Information

    Property type
    Individual retail properties
    Square Feet
    15,785 SF
    Lot Size
    62,291 SF

    Building Details

    Year Built
    1984
    Buildings
    1
    Stories
    1
    Units
    11

    HighLights

    • Value‑add opportunity: 15,785 SF retail center with 100% occupancy, $13/SF average rent, potential for rent increases and lease conversions to NNN.
    • Strong trade area: 264,188 people within a 5‑mile radius.
    • High leasability: Small suite sizes and internet‑resistant, service‑oriented tenants.
    • Prime location: Near City Point development (310 single‑family & 400 multifamily units) and the new Peppa Pig Theme Park.
    • Exceptional investment: $2,686,620 asking price, $201,496.52 NOI, 7.50% cap rate.
    Property Profile Location Intelligence

    Current Use by Public Records

    Retail 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
    -97.20871246099
    Latitude
    32.838181311841

    Nearby Similar for Sale

    • $1,100,000
      0.75 Acres

      Versatile Retail Property in Richland

      Commercial property in North Richland Hills with two separate buildings.
      6716 Smithfield Rd, North Richland Hills, TX 76182
      View Details
    • New
      $500,000
      0.13 Acres

      North Richland Hills Duplex

      Well-maintained duplex in Oak Hills neighborhood, ideal for investors.
      9281 Meandering Dr, North Richland Hills, TX 76182
      View Details
    • $539,900
      0.22 Acres

      Updated Office Building in Texas

      Updated 2,424 sq. ft. office building in North Richland Hills.
      7000 Loop 820, North Richland Hills, TX 76180
      View Details
    • New
      $950,000
      0.46 Acres

      North Richland Hills Office Building

      Turn-key office property with high visibility and flexible spaces.
      6340 Davis Blvd, North Richland Hills, TX 76180
      View Details
    • $350,000
      0.38 Acres

      North Richland Hills Duplex Investment

      Full duplex in desirable location with immediate income potential.
      7457 N College Cir, North Richland Hills, TX 76180
      View Details
    • $230,000
      0.34 Acres

      Car Wash Investment Opportunity

      Self-serve car wash in North Richland Hills, heavy traffic area.
      6740 Buenos Aires Dr, North Richland Hills, TX 76180
      View Details

    FAQs

    What type of property is this?
    Individual retail property - North Richland Hills, TX storefront investment
    Where is this individual retail property located?
    The property is located at 8053 Grapevine Hwy North Richland Hills, TX.
    What is the asking price?
    The asking price for this property is $2,686,620.
    What are key features of this property?
    This property features: Value-add opportunity: 15,785 SF retail center with 100% occupancy, $13/SF average rent, potential for rent increases and lease conversions to NNN.; Strong trade area: 264,188 people within a 5-mile radius.; High leasability: Small suite sizes and internet-resistant, service-oriented tenants.
    Request Owner's contact information
    8053 Grapevine Hwy 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.
    8053 Grapevine Hwy
    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 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
    8053 Grapevine Hwy 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
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.