Property profile

5615 Rufe Snow Dr North Richland Hills, TX 76180

FOR SALE
Retail space
Property ID
US82-2901658
8,558 SF 0.91 ac lot Built 1993
Entity Owned 3-yr Hold Absentee Owner Free & Clear
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Property summary

AI-generated overview

This exceptional investment opportunity presents a single-tenant, 8,588 square foot Class B office building situated on a 0.91-acre lot in North Richland Hills, Texas. The property, located at 5615 Rufe Snow Dr, 76180, boasts a desirable I-2 zoning and benefits from high traffic visibility along a bustling retail corridor. Built in 1993 and renovated in 2020, this fully occupied asset offers a secure income stream with a strong tenant base. The property features a triple net (NNN) lease structure, minimizing landlord responsibilities. With an asking price of $1,800,000, the property offers a compelling 6.67% cap rate and a price per square foot of $209.59. The building is a single-story structure and is less than a mile from Highway 820, providing excellent access and visibility. This is an ideal investment for those seeking a reliable and lucrative addition to their portfolio. A detailed 10-year investment analysis is available upon request. The Tarrant County property (APN: 06660770) is categorized as both Creative and Traditional Office space.

Property profile

Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Year built 1993
Total area 8,558 SF
Lot 0.91 ac (39,788 SF)
APN 21115-4-4
UPID US82-2901658

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • HVAC Service General Contractor
  • HVAC Service General Contractor
  • Security Service
  • Kennel & Boarding Facility
  • (Bike/Boat/Book/etc) Store Pet Store & Service

Location

5615 Rufe Snow Dr North Richland Hills, TX 76180
North Richland Hills metro Census 113810 DALLAS-FORT WORTH-ARLINGTON, TX METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$375k
CAP Approach CAP
by Request
Comparable Approach Comparable
$809k
Blend (final) Blend
$590k

Owner & transaction history

since 2023
7 recorded transactions
2023
Price N/A
2023
Price N/A
2023
Price N/A
2021
Price N/A
2016
Price N/A
2014
Price N/A
1969
Price N/A

Zoning & alternative use

Top alternative use upside
Medical building $870,000 +56.0%
Office building $745,000 +33.7%
Auto repair, garage $630,000 +12.8%

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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