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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    6500 Iron Horse Blvd North Richland Hills, TX 76180-6024

    • Warehouses
    • 9,800 SF
    • 2.06 lot acres
    OFF-MARKET
    Value Estimations
    $505,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US82-2528762
    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.

    Current Use by Public Records

    • Warehouses

    Property Details for 6500 Iron Horse Blvd

    Year built
    2008
    Lot size
    2.06 lot acres
    Property size
    9,800 SF
    Property type
    Warehouses
    APN
    21115-4-9R
    APU
    2111549R

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $415,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $594,000
      Market price range: $230k - $676k

    • Alternative Use

      Use
      Estimation
      WAREHOUSE, STORAGE
      $455,000
      Current use
      AUTO REPAIR, GARAGE
      $720,000
      Change: +58% Conversion: Easy
      RETAIL STORES
      $635,000
      Change: +40% Conversion: Moderate
      NEIGHBORHOOD: SHOPPING CENTER
      $420,000
      Change: -7% Conversion: Moderate

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

    Location Insight

    • Map
    • Local Demand
    City
    North Richland Hills
    County
    Tarrant
    State
    Texas
    Longitude
    -97.2433
    Latitude
    32.8474
    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
    $16,891
    $429,984
    $340,016
    $770,000
    -
    $429,984
    $340,016
    $770,000

    Comparable in this City

    • Value Estimation
      $1,435,000
      56,269 SF

      6451 Hilltop Dr

      MINI-WAREHOUSE, STORAGE • 56,269 SF
      6451 Hilltop Dr, North Richland Hills, TX 76180-6011
      View Details
    • Value Estimation
      $550,000
      7,500 SF

      3744 Rufe Snow Dr

      WAREHOUSE, STORAGE • 7,500 SF
      3744 Rufe Snow Dr, North Richland Hills, TX 76180
      View Details
    • Value Estimation by Request
      3,600 SF

      3805 Parchman St Ste A

      WAREHOUSE, STORAGE • 3,600 SF
      3805 Parchman St Ste A, Fort Worth, TX 76180-8860
      View Details
    • Value Estimation by Request
      2,625 SF

      6809 Harmonson Rd

      WAREHOUSE, STORAGE • 2,625 SF
      6809 Harmonson Rd, North Richland Hills, TX 76180-8827
      View Details
    • Value Estimation by Request
      3,510 SF

      6816 Harmonson Rd

      WAREHOUSE, STORAGE • 3,510 SF
      6816 Harmonson Rd, North Richland Hills, TX 76180-8828
      View Details
    • Value Estimation by Request
      4,372 SF

      4023 Flory St

      WAREHOUSE, STORAGE • 4,372 SF
      4023 Flory St, North Richland Hills, TX 76180-8831
      View Details

    Similar Nearby for Sale

    • $1,795,200
      11,968 SF

      Prime North Richland Hills Flex Space

      11,968 SF Flex Building, $150/SF
      5113 Commercial Dr, North Richland Hills, TX 76180
      View Details
    • Contact for pricing
      0.87 Acres

      NRH Industrial Land: Prime Location

      Texas Industrial Land - Development Ready
      3605 Flory St, North Richland Hills, TX 76180
      View Details
    • Contact for pricing
      124,380 SF

      North Richland Hills Industrial Property

      Industrial property with access to Loop 820 and I-35.
      6550 Wuliger Way, North Richland Hills, TX 76180
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    • $1,800,000
      8,588 SF

      Rufe Snow Dr Office Investment

      High-yield NNN lease, 100% occupied.
      5615 Rufe Snow Dr, North Richland Hills, TX 76180
      View Details
    • $950,000

      Land for Sale

      Land available for purchase in North Richland Hills, Texas.
      6640 Iron Horse Blvd, North Richland Hills, TX 76180
      View Details
    • $152,898

      North Richland Hills Land Available

      Approximately 1.84 acres of commercial and multi-family zoned land.
      4012 Rufe Snow Dr, North Richland Hills, TX 76180
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      129,000 SF

      North Richland Hills Warehouse Space

      129,000 square foot warehouse space in North Richland Hills, TX.
      6625 Iron Horse Blvd, North Richland Hills, TX 76180
      View Details
    • Contact for pricing
      15,046 SF

      Industrial Space in North Richland

      Industrial property available for rent in North Richland Hills, TX.
      6420-6428 Wuliger Way, North Richland Hills, TX 76180
      View Details
    • Contact for pricing
      860 SF

      Davis Blvd Retail Space Available

      North Richland Hills, TX: 860 sq ft retail space.
      5101 Davis Blvd, North Richland Hills, TX 76180
      View Details
    • Contact for pricing
      28,821 SF

      Industrial Space in North Richland

      28,821 SF industrial property available for lease.
      6430 Wuliger Way, North Richland Hills, TX 76180
      View Details
    • $17 SF/Yr
      13,183 SF

      Davis Blvd Office Space Available

      Prime Tarrant County Office Suites, 100-1707 sq ft
      4925 Davis Blvd, North Richland Hills, TX 76180
      View Details
    • $2,300 /Mo
      16,988 SF

      Glenview Drive Professional Office Space

      Versatile office space on a high-traffic corridor, suitable for various uses.
      7294 Glenview Dr, Fort Worth, TX 76180
      View Details
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    6500 Iron Horse Blvd
    North Richland Hills, TX 76180-6024
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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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