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    7040 Precinct Line Rd Hurst, TX 76054
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    7040 Precinct Line Rd, Hurst, TX 76054

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    • Medical Office Space
    • 4,864 SF
    • 0.85 lot acres
    For Lease
    $18 SF/Yr
    View Listing →
    Retail For Lease
    $18 SF/Yr

    Retail

    Retail space

    7040 Precinct Line Rd, Hurst, TX 76054
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    Property ID
    US82-0038670
    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.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • North Fort Worth Oral Surgery / Dental Office
    • Dr. Thanh-Xuan Nguyen / Dental Office
    • Thanh-Xuan Xuan B Nguyen / Dental Office
    • Smile Boutique / Dental Office

    Property Details for 7040 Precinct Line Rd

    Year built
    2016
    Lot size
    0.85 lot acres
    Property type
    Medical Office Space
    Property subtype
    Medical centers
    APN
    33028T-1-1
    APU
    33028T11

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Jun 17, 2019 — David B Nguyen Danny B Nguyen Quit Claim Deed · related —
    May 13, 2016 — David B Nguyen Le Ha T Warranty Deed · related —
    May 5, 2016 — David B Nguyen Le Ha T Warranty Deed —
    Oct 16, 2014 — Nguyen Danny David B Nguyen Quit Claim Deed · related —
    May 17, 2013 — David B Nguyen Kenneth R Hare Warranty Deed · related —

    Description

    This exceptional 4,799 square foot Class B office building, constructed in 2017, presents a fantastic opportunity for businesses seeking prime commercial space in Hurst, Texas. Located at 7040 Precinct Line Road, this single-story building boasts excellent visibility on a high-traffic thoroughfare (over 26,430 vehicles per day, according to STDBonline.com 2018 data). The property features two suites, with one currently available, offering 1,883 square feet of well-designed space ideal for executive or medical office use. The building is categorized as both Executive and Medical Office space, making it versatile for a range of professional uses. Ample parking is provided with 29 spaces available for tenants and their clients. The building's ceiling height is 1 story. Situated in Tarrant County, this property offers easy access to major transportation routes and amenities. This is a rare opportunity to secure a modern, well-located office space in a thriving area. The building's contemporary design and convenient location make it an attractive option for businesses seeking a professional and efficient workspace. Don't miss this chance to establish your business in this highly visible and desirable location.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Hurst
    County
    Tarrant
    State
    Texas
    Longitude
    -97.1855
    Latitude
    32.8772
    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
    $20,176
    $111,462
    $771,354
    $882,816
    -
    $111,462
    $771,354
    $882,816

    Comparable in this City

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      100 Grapevine Hwy

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    • Value Estimation by Request
      0.60 Acres

      6424 Precinct Line Rd

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    • Value Estimation by Request
      4,642 SF

      501 Harwood Rd

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      0.09 Acres

      731 Martin Rd

      MEDICAL BUILDING
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      Well-maintained property suitable for retail, office, or medical tenants.
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      Hurst Medical Office Suite

      Move-in ready medical office suite with high visibility.
      6138 Precinct Line Rd, Hurst, TX 76054
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      Hurst Medical/Office Building For Lease

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      2,000 SF

      Office Space For Rent

      Office space available near Hurst Convention Center and City Hall.
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      Hurst Medical Office Space

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    View Listing
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    Hurst, TX 76054
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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.

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