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Property profile & analytics
OFF-MARKET
Estimated value
$6,270,000
Warehouses
8200 Nene Pkwy, North Richland Hills, TX 76182-4006
Entity Owned
8-yr Hold
Absentee Owner
Free & Clear
Property ID
US82-0334658
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1986
Total area
116,660 SF
Lot
8.32 ac (362,376 SF)
APN
9015-3-4
UPID
US82-0334658
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$5.37M
Blend (final)
Blend
$6.27M
Owner & transaction history
Tx Circle 182 LLC · 8 yrs held
Tx Circle 182 LLC
since 2018
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$10.3M
+109.9%
Retail stores
$7.1M
+45.5%
Neighborhood: shopping center
$5.3M
+8.0%
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs North Richland Hills submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs North Richland Hills submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$4,885,000
Current use
MEDICAL BUILDING
$10,250,000
Change: +110% · Conversion: Difficult
RETAIL STORES
$7,105,000
Change: +46% · Conversion: Moderate
NEIGHBORHOOD: SHOPPING CENTER
$5,275,000
Change: +8% · Conversion: Moderate
Blend value · Realmo final
$6.27M
Range $5.64M – $6.90M · ±10%
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$54 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$145,041
Tax year 2023
Assessed value
$7,000,000
Assessed 2024
Previous assessed
$6,611,823
+5.9% YoY
Effective rate
2.07%
On assessed value
Assessed land
$724,752
Assessed improvement
$6,275,248
Land market value
$724,752
Improvement market value
$6,275,248
Total market value
$7,000,000
Applied tax rate
224.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Status
Off-Market
Year built
1986
Heating
NONE
Stories
1
Total area
116,660 SF
Lot
8.32 ac (362,376 SF)
APN
9015-3-4
UPID
US82-0334658
Jurisdiction
TARRANT
Metro division
FORT WORTH-ARLINGTON, TX METROPOLITAN DIVISION
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
WAREHOUSE, STORAGE Current
Est. value
$4.9M
MEDICAL BUILDING
Est. value
$10.3M
RETAIL STORES
Est. value
$7.1M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$5.3M
WAREHOUSE, STORAGE Current
MEDICAL BUILDING
RETAIL STORES
NEIGHBORHOOD: SHOPPING CENTER
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1986
Heating
NONE
Stories
1
Lot
8.32 ac
Current owner
From public records · entity-resolved
Tx Circle 182 LLC
Entity
Free & Clear · 8 yrs held
Mailing address
930 MANHATTAN BCH BLVDB, MANHATTAN BEACH, CA 90266-5120
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2018
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 14, 2018
—
Tx Circle 182 LLC
—
Grant Deed
related
$72,649,900 · Canadian Imperial Bk/commerc
Jun 6, 2018
—
Tx Circle 182 LLC
Ic Bp III Holdings Xviii LLC
Grant Deed
—
May 26, 2016
—
Ic Bp III Holdings Xviii LLC
—
Deed
related
—
May 19, 2015
—
Jc Bp III Holdings Xviii LLC
Csfb 1998-c2 Tx Facilities LLC
Grant Deed
—
Jul 1, 2014
—
Csfb 1998-c2 Tx Facilities LLC
Nicholson Benjamin K
Trustees Deed
related
—
May 18, 2005
—
Pavilion Midstar Maste Bromont
Midstar Properties Ltd
Quit Claim Deed
related
—
—
—
Ic Bp III Holdings Xviii LLC
—
Deed Of Trust
related
—
—
—
Pavilion Midstar Maste Bromont
—
Deed Of Trust
related
$37,000,000 · J P Morgan Chase Bank
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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