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    6400-6430 Rufe Snow Dr Fort Worth, TX 76148
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    6400-6430 Rufe Snow Dr Fort Worth, TX 76148

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    • Neighborhood centers
    • 16,798 SF
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Neighborhood centers

    Property Details for 6400-6430 Rufe Snow Dr

    Year built
    1982
    Property size
    16,798 SF
    Property type
    Neighborhood centers
    Property subtype
    Retail properties & Spaces

    Description

    Village Square, a 16,798 square foot Class C retail strip center, presents a prime investment opportunity in North Richland Hills, Texas. Located at 6400-6430 Rufe Snow Dr., zip code 76148, this single-building property sits on a 1.63-acre lot and was constructed in 1982. Currently, there are two available retail spaces, ranging from 1,020 to 2,445 square feet. The minimum divisible space is 2,445 square feet, and the maximum contiguous space available is also 2,445 square feet. This Tarrant County property offers excellent visibility and accessibility, making it ideal for a variety of retail businesses. The property's location in the thriving Fort Worth area provides strong potential for growth and return on investment. Its convenient access and ample space make it an attractive option for businesses seeking a well-established location. The property is categorized as a multi-tenant retail center, providing opportunities for diverse businesses to thrive in a shared environment. This presents a unique chance to acquire a well-positioned retail property in a desirable market.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Fort Worth
    County
    Tarrant
    State
    Texas
    Longitude
    -97.2377
    Latitude
    32.8621

    Comparable in this City

    • Value Estimation
      $875,000
      24,312 SF

      6245 Rufe Snow Dr

      SHOPPING CENTER, STRIP CENTER • 24,312 SF
      6245 Rufe Snow Dr, Watauga, TX 76148-3349
      View Details
    • Value Estimation
      $540,000
      14,250 SF

      6420 Denton Hwy

      SHOPPING CENTER, STRIP CENTER • 14,250 SF
      6420 Denton Hwy, Watauga, TX 76148-2539
      View Details
    • Value Estimation
      $620,000
      10,233 SF

      8247 Rufe Snow Dr

      SHOPPING CENTER, STRIP CENTER • 10,233 SF
      8247 Rufe Snow Dr, Watauga, TX 76148-1105
      View Details
    • Value Estimation by Request
      0.33 Acres

      5900 Rufe Snow Dr

      SHOPPING CENTER, STRIP CENTER • 0.33 Acres
      5900 Rufe Snow Dr, North Richland Hills, TX 76148-3610
      View Details
    • Value Estimation by Request
      3,440 SF

      5609 Watauga Rd

      SHOPPING CENTER, STRIP CENTER • 3,440 SF
      5609 Watauga Rd, Watauga, TX 76148-3032
      View Details
    • Value Estimation by Request
      3,966 SF

      6124 Watauga Rd

      SHOPPING CENTER, STRIP CENTER • 3,966 SF
      6124 Watauga Rd, Watauga, TX 76148-2809
      View Details

    Similar Nearby for Sale

    • $975,000
      3,982 SF

      Prime Watauga Retail Space

      High-traffic location, spacious retail building.
      6709 Rufe Snow Dr, Watauga, TX 76148
      View Details
    • Contact for pricing
      15,022 SF

      Retail Space in High-Growth Area

      Retail space for sale in a high-growth DFW area.
      6984 Rufe Snow Dr, Fort Worth, TX 76148
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    • Contact for pricing
      2,840 SF

      Established Car Wash on Rufe Snow

      High-volume car wash with modern equipment and strong traffic exposure.
      7205 Rufe Snow Dr, Fort Worth, TX 76148
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    • Contact for pricing

      Retail Space Near Residential Development

      Former Dollar General with expansion potential near residential area.
      6600 Bursey Rd, Watauga, TX 76148
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    • $699,000
      0.19 Acres

      Highway Frontage Commercial Opportunity

      Versatile building suitable for retail, office, medical, or service-based operations.
      6200 Denton Hwy, Watauga, TX 76148
      View Details
    • $600,000
      0.50 Acres

      Watauga Retail/Office Ready Space

      Renovated commercial property suitable for salon, dental, or vision center.
      5617 Watauga Rd, Watauga, TX 76148
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      3,324 SF

      Freestanding Restaurant on Rufe Snow

      Freestanding restaurant in fast-growing area near I-820.
      6000 Rufe Snow Dr, North Richland Hills, TX 76148
      View Details
    • Contact for pricing

      Watauga Marketplace Retail and Office

      Renovated shopping center with retail, restaurant, and office spaces.
      6601 Watauga Rd, Watauga, TX 76148
      View Details
    • Contact for pricing

      North Richland Hills Shopping Center

      99,000 SF shopping center with retail and office spaces.
      6238 Rufe Snow Dr, Fort Worth, TX 76148
      View Details
    • Contact for pricing
      2,500 SF

      Retail Space in Anchored Center

      Retail space available in a Big Lots anchored shopping center.
      6312-6723 Rufe Snow Dr, North Richland Hills, TX 76148
      View Details
    • Contact for pricing

      Retail Space in Watauga Towne

      Retail spaces available in a shopping center anchored by Target.
      & Bursey Sec Of Denton Hwy, Fort Worth, TX 76148
      View Details
    • Contact for pricing
      1,610 SF

      Retail Center in North Richland

      99,084 SF shopping center with excellent visibility and access.
      6242-6246 Rufe Snow Dr, North Richland Hills, TX 76148
      View Details
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    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
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