Property profile

7001 Boulevard 26 North Richland Hills, TX 76180

FOR SALE
Office buildings
Property ID
US83-4248911
102,944 SF 5.84 ac lot Built 1962
Entity Owned 3-yr Hold Absentee Owner Free & Clear
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Property summary

AI-generated overview

This exceptional six-story, 101,396 square foot office building presents a compelling value-add investment opportunity in the thriving North Richland Hills, Texas market. Located at 7001 Blvd 26, 76180, within Tarrant County, this traditional office building offers significant potential for enhancement and increased profitability. The asking price is $4,950,000, translating to a price per square foot of $48.82. The property's substantial size and prime location in North Richland Hills provide a strong foundation for a variety of investment strategies. The building's traditional office layout offers flexibility for various tenant configurations, catering to a wide range of businesses. This presents a unique chance to capitalize on the growing demand for office space in this dynamic area of Texas. The property's existing structure provides a solid base for renovations or repositioning, allowing for the creation of modern, high-demand office spaces. With its strategic location and considerable square footage, this building represents a significant opportunity for investors seeking a value-add project with substantial upside potential in a robust Texas market. The property's address is easily accessible, offering convenient access to major transportation routes and amenities. This makes it an attractive option for both tenants and investors alike. The building's six stories provide ample space for a variety of uses and configurations, maximizing rental income potential. This is a rare opportunity to acquire a substantial office building in a desirable location with significant potential for future growth and return on investment.

Property profile

Verified
Property type Office buildings
Use group OFFICE BUILDING (MULTI-STORY)
Year built 1962
Total area 102,944 SF
Lot 5.84 ac (254,303 SF)
APN 26420----1----1R1-20
UPID US83-4248911

Cap rate & NOI

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

Location

7001 Boulevard 26 North Richland Hills, TX 76180
North Richland Hills metro Census 113206 DALLAS-FORT WORTH-ARLINGTON, TX METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$2.48M

Owner & transaction history

since 2022
7 recorded transactions
2022
Price N/A
2020
Price N/A
2019
Price N/A
2005
Price N/A
1969
Price N/A
1969
Price N/A
1969
Price N/A

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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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