Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    7024 Blvd 26 Richland Hills, TX 76180-8810

    • Commercial land
    • 4,669 SF
    • 0.81 lot acres
    OFF-MARKET
    Last Sale
    Dec 16, 2022
    Value Estimations
    $1,205,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US82-8520015
    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

    • Commercial land

    Property Details for 7024 Blvd 26

    Year built
    1951
    Lot size
    0.81 lot acres
    Property size
    4,669 SF
    Property type
    Commercial land
    APN
    34090-15-5R
    APU
    34090155R

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $1,410,000
      6.5%
      $1,305,000
      7%
      $1,210,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $1,110,000
      Market price range: $249k - $1.32M

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

    Location Insight

    • Map
    • Local Demand
    City
    Richland Hills
    County
    Tarrant
    State
    Texas
    Longitude
    -97.2305
    Latitude
    32.8211
    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
    $12,610
    $565,232
    $0.00
    $565,232
    -
    $565,232
    $0.00
    $565,232

    Comparable in this City

    • Value Estimation by Request
      0.47 Acres

      6498 Iron Horse Blvd

      VACANT COMMERCIAL LAND • 0.47 Acres
      6498 Iron Horse Blvd, North Richland Hills, TX 76180-6022
      View Details
    • Value Estimation by Request
      1.29 Acres

      Booth Calloway Rd

      VACANT COMMERCIAL LAND • 1.29 Acres
      Booth Calloway Rd, North Richland Hills, TX 76180
      View Details
    • Value Estimation by Request
      0.27 Acres

      7813 Mockingbird Ln

      VACANT COMMERCIAL LAND • 0.27 Acres
      7813 Mockingbird Ln, North Richland Hills, TX 76180-5509
      View Details
    • Value Estimation by Request
      0.39 Acres

      6200 Glenview Dr

      VACANT COMMERCIAL LAND • 0.39 Acres
      6200 Glenview Dr, North Richland Hills, TX 76180-8454
      View Details
    • Value Estimation by Request
      3.48 Acres

      6401 Wuliger Way

      VACANT COMMERCIAL LAND • 3.48 Acres
      6401 Wuliger Way, North Richland Hills, TX 76180
      View Details
    • Value Estimation by Request
      0.28 Acres

      5005 Davis Blvd

      VACANT COMMERCIAL LAND • 824 SF
      5005 Davis Blvd, North Richland Hills, TX 76180-6874
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      Corner Land Parcel For Sale

      Hard corner land parcel available in North Richland Hills.
      4120 Glenview Ct, North Richland Hills, TX 76180
      View Details
    • $288,802

      Commercial Land on Glenview Drive

      Commercial land available on Glenview Drive in North Richland Hills.
      6808 Glenview Dr, 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
    • Contact for pricing

      Prime Pad Site on Davis

      1.18-acre pad site for sale in high-traffic area.
      5440 Davis Blvd, North Richland Hills, TX 76180
      View Details
    • Contact for pricing

      Commercial Pads with Highway Frontage

      Commercial land with highway frontage near tourist and shopping destinations.
      8613 Boulevard 26, North Richland Hills, TX 76180
      View Details
    • Contact for pricing
      1.28 Acres

      Prime North Richland Hills Land

      1.28 Acres Commercial Land, Texas
      7901 Mid Cities Blvd, North Richland Hills, TX 76180
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      66,951 SF

      North Richland Hills Pad Site

      1.5-Acre Commercial Land, C-1 Zoning
      6360 Davis Blvd, North Richland Hills, TX 76180
      View Details
    • $12 SF/Yr
      47,759 SF

      Prime North Richland Hills Office Space

      Executive suites, flexible layouts, ample parking.
      5555 Rufe Snow Dr, North Richland Hills, TX 76180
      View Details
    • Contact for pricing
      2,500 SF

      Shops at Davis Blvd Retail Space

      Prime North Richland Hills Retail Opportunity
      5750 Davis Blvd, 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
    • $10 SF/Yr
      1,480 SF

      Retail Space on Davis Boulevard

      Move-in ready retail spaces with high visibility and frontage.
      5312-5322 Davis Blvd, North Richland Hills, TX 76180
      View Details
    • $14,995 /Mo
      19,000 SF

      Turn-Key School and Daycare Facility

      Move-in ready school/daycare facility for lease in North Richland Hills.
      7708-7704 Maplewood Ave, North Richland Hills, TX 76180
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    7024 Blvd 26
    Richland Hills, TX 76180-8810
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.