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

    6850 Rufe Snow Dr North Richland Hills, TX 76148-2355

    • Assisted living facilities
    • 38,204 SF
    • 3.85 lot acres
    OFF-MARKET
    Value Estimations
    $740,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US82-2799637
    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

    • Assisted living facilities

    Property Details for 6850 Rufe Snow Dr

    Year built
    2008
    Lot size
    3.85 lot acres
    Property size
    38,204 SF
    Property type
    Assisted living facilities
    Property subtype
    Retirement homes
    APN
    34062-7-6R1
    APU
    3406276R1

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $665,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $819,000
      Market price range: $274k - $819k

    • Alternative Use

      Use
      Estimation
      HOMES (RETIRED, HANDICAP, REST, CONVALESCENT, NURSING)
      $545,000
      Current use

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

    Location Insight

    • Map
    • Local Demand
    City
    North Richland Hills
    County
    Tarrant
    State
    Texas
    Longitude
    -97.2371
    Latitude
    32.8707
    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
    $131,071
    $754,664
    $5,445,336
    $6,200,000
    -
    $754,664
    $5,445,336
    $6,200,000

    Comparable in this City

    • Value Estimation
      $750,000
      35,415 SF

      7804 Virgil Anthony Blvd

      HOMES (RETIRED, NURSING) • 35,415 SF
      7804 Virgil Anthony Blvd, Watauga, TX 76148-2456
      View Details
    • Value Estimation by Request
      20,837 SF

      5800 Park Dr

      HOMES (RETIRED, NURSING) • 20,837 SF
      5800 Park Dr, Watauga, TX 76148-2453
      View Details
    • Value Estimation by Request
      3,815 SF

      8305 Whitley Rd

      MEDICAL BUILDING • 3,815 SF
      8305 Whitley Rd, Watauga, TX 76148-2483
      View Details
    • Value Estimation by Request
      3,152 SF

      5700 Park Dr

      MEDICAL BUILDING • 3,152 SF
      5700 Park Dr, Watauga, TX 76148-2404
      View Details
    • Value Estimation by Request
      2,216 SF

      5920 Watauga Rd

      DENTAL BUILDING • 2,216 SF
      5920 Watauga Rd, Watauga, TX 76148-3144
      View Details
    • Value Estimation by Request
      4,880 SF

      5710 Watauga Rd

      DENTAL BUILDING • 4,880 SF
      5710 Watauga Rd, Watauga, TX 76148-3022
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      Commercial Land on Rufe Snow

      3.428-acre commercial land with C-1 zoning and utilities.
      6750-6780 Chapman Rd, North Richland Hills, TX 76148
      View Details
    • $699,900
      1.44 Acres

      Watauga Road Unimproved Land For Sale

      1.44 acre commercial land with utilities available in Watauga, TX.
      6424 Watauga Rd, Fort Worth, TX 76148
      View Details
    • $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
      156,657 SF

      Watauga Road Pad Sites For Sale

      Office/Medical pad sites available in growing Fort Worth suburb.
      5802 Watauga Rd, Fort Worth, TX 76148
      View Details
    • $1,500,000
      2.04 Acres

      Watauga Commercial Property on Two Acres

      High-visibility commercial building on over two acres in Watauga.
      5805 Starnes Rd, Fort Worth, TX 76148
      View Details
    • $1,702,923
      5.21 Acres

      US Hwy 377 Commercial Land

      High-traffic Haltom City retail site.
      5500 Denton Hwy, Haltom City, TX 76148
      View Details

    Similar Nearby for Lease

    • $19 SF/Yr
      77,299 SF

      Watauga Marketplace Office Suites

      Prime Watauga, TX office space available.
      6601 Watauga Rd, Watauga, TX 76148
      View Details
    • $17 SF/Yr
      99,084 SF

      Fort Worth Office Space Available

      99,000 SF Office/Retail Center in Tarrant County
      6238 Rufe Snow Dr, Fort Worth, TX 76148
      View Details
    • $18 SF/Yr
      5,315 SF

      Watauga Medical Office Building

      Texas medical office space for lease.
      8313 Whitley Rd, Watauga, TX 76148
      View Details
    • Contact for pricing
      9,694 SF

      Rufe Snow Dr Retail Space

      Prime Retail Space, 1,342 sq ft available.
      8247 Rufe Snow Dr, Watauga, TX 76148
      View Details
    • $13 SF/Yr
      10,500 SF

      Watauga Retail Space - 10,500 SF

      High-visibility retail/office space available. Excellent location in Tarrant County.
      6101 Watauga Rd, Watauga, TX 76148
      View Details
    • $1,200 /Mo
      41,382 SF

      Retail Space in Haltom City

      Retail property available for lease in Haltom City, Texas.
      6101 Denton Hwy, Haltom City, TX 76148
      View Details
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    6850 Rufe Snow Dr
    North Richland Hills, TX 76148-2355
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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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