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    5306 Rufe Snow Dr North Richland Hills, TX 76180-6653
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    Property profile & analytics

    5306 Rufe Snow Dr North Richland Hills, TX 76180-6653

    View on Map
    • Strip malls
    • 34,380 SF
    • 2.58 lot acres
    Off-Market
    Last Sale Oct 31, 2023
    Property ID
    US82-2642146
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
    Value Estimations
    $1,370,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Strip malls

    Property Details for 5306 Rufe Snow Dr

    Year built
    1983
    Lot size
    2.58 lot acres
    Property size
    34,380 SF
    Property type
    Strip malls
    Property subtype
    Shopping centers
    APN
    39240-10-4R2
    APU
    39240104R2

    Description

    Meadowcrest Corners, located at 5306 Rufe Snow Dr, North Richland Hills, TX 76180, offers exceptional retail and restaurant space. This multi-tenant property boasts a total of 33,917 square feet, with two immediately available spaces ranging from 1,305 to 1,403 square feet. The property is under new ownership and management, offering an attractive incentive package including free rent and tenant improvements. Its strategic location provides excellent visibility and accessibility, situated just a quarter-mile north of Loop 820, a major thoroughfare ensuring high traffic volume. The property also features prominent pylon signage, maximizing brand exposure for tenants. This presents a unique opportunity for businesses seeking a high-traffic location with significant marketing advantages in a thriving North Richland Hills community. The property is ideal for a variety of retail or restaurant concepts seeking a well-positioned space with attractive lease terms. Contact us today to learn more about this exceptional opportunity.

    Value Estimations

    based on Realmo’s proprietary methodology

    • Alternative Use

      Use
      Estimation
      NEIGHBORHOOD: SHOPPING CENTER
      $1,475,000
      Current use
      RETAIL STORES
      $2,235,000
      Change: +51% Conversion: Easy
      WAREHOUSE, STORAGE
      $1,595,000
      Change: +8% Conversion: Difficult

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    North Richland Hills
    County
    Tarrant
    State
    Texas
    Longitude
    -97.2379
    Latitude
    32.8464
    CBSA code
    19100
    CBSA name
    DALLAS-FORT WORTH-ARLINGTON, TX METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $69,062
    $1,012,500
    $3,394,204
    $4,406,704
    -
    $1,012,500
    $3,394,204
    $4,406,704

    Comparable in this City

    • Value Estimation
      $1,135,000
      48,095 SF

      5503 Rufe Snow Dr

      SHOPPING CENTER, STRIP CENTER • 48,095 SF
      5503 Rufe Snow Dr, North Richland Hills, TX 76180
      View Details
    • Value Estimation
      $1,065,000
      30,610 SF

      5206 Rufe Snow Dr

      SHOPPING CENTER, STRIP CENTER • 30,610 SF
      5206 Rufe Snow Dr, North Richland Hills, TX 76180-6689
      View Details
    • Value Estimation by Request
      1,800 SF

      5001 Davis Blvd

      SHOPPING CENTER, STRIP CENTER • 1,800 SF
      5001 Davis Blvd, North Richland Hills, TX 76180-6874
      View Details
    • Value Estimation by Request
      7,537 SF

      6900 Blvd 26

      SHOPPING CENTER, STRIP CENTER • 7,537 SF
      6900 Blvd 26, Richland Hills, TX 76180-8867
      View Details
    • Value Estimation by Request
      4,010 SF

      5050 Davis Blvd

      SHOPPING CENTER, STRIP CENTER • 4,010 SF
      5050 Davis Blvd, North Richland Hills, TX 76180-7004
      View Details
    • Value Estimation by Request
      6,000 SF

      5115 Davis Blvd

      SHOPPING CENTER, STRIP CENTER • 6,000 SF
      5115 Davis Blvd, North Richland Hills, TX 76180-6872
      View Details

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      Fully Leased Retail Strip Center

      Fully leased retail strip center in North Richland Hills, TX.
      8053 Grapevine Hwy, North Richland Hills, TX 76180
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    • $799,000
      0.39 Acres

      Turnkey Venue in Richland Hills

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      North Richland Hills Retail Building

      3,021 SF building in a high-traffic North Richland Hills location.
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      North Richland Hills Retail/Office Building

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    Similar Nearby for Lease

    • Contact for pricing
      1,311 SF

      Retail Space in North Richland

      Retail space for lease in Rufe Snow Plaza.
      5600 Rufe Snow Dr, North Richland Hills, TX 76180
      View Details
    • Contact for pricing
      1,403 SF

      Retail Space in North Richland

      Retail space available in North Richland Hills, Texas.
      5306-5354 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
    • Contact for pricing
      1,352 SF

      Retail Space in Harwood Plaza

      Retail space available for lease in North Richland Hills.
      8401 Boulevard 26, North Richland Hills, TX 76180
      View Details
    • Contact for pricing
      2,550 SF

      Retail Space in Anchored Center

      Retail space available in Kroger and Dollar General anchored center.
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      View Details
    • Contact for pricing

      North Richland Hills Retail Center

      Shopping center with retail, restaurant, and office space available.
      7520-7640 Loop 820 NE, North Richland Hills, TX 76180
      View Details
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    North Richland Hills, TX 76180-6653
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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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