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

    8237 Mid Cities Blvd North Richland Hills, TX 76182-4712

    • Medical offices
    • 4,168 SF
    • 0.54 lot acres
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US83-3172383
    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

    • Medical offices

    Property Details for 8237 Mid Cities Blvd

    Year built
    2009
    Lot size
    0.54 lot acres
    Property size
    4,168 SF
    Property type
    Medical offices
    Property subtype
    Medical space
    APN
    31892D-1-10
    APU
    31892D110

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    North Richland Hills
    County
    Tarrant
    State
    Texas
    Longitude
    -97.206
    Latitude
    32.8623
    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
    $20,115
    $211,491
    $726,509
    $938,000
    -
    $211,491
    $726,509
    $938,000

    Comparable in this City

    • Value Estimation
      $1,815,000
      14,200 SF

      8479 Davis Blvd

      MEDICAL BUILDING • 14,200 SF
      8479 Davis Blvd, North Richland Hills, TX 76182-8613
      View Details
    • Value Estimation
      $1,105,000
      8,516 SF

      8169 Precinct Line Rd

      MEDICAL BUILDING • 8,516 SF
      8169 Precinct Line Rd, North Richland Hills, TX 76182-8607
      View Details
    • Value Estimation by Request
      0.61 Acres

      8713 Tarrant Pkwy

      MEDICAL BUILDING • 0.61 Acres
      8713 Tarrant Pkwy, North Richland Hills, TX 76182-8403
      View Details
    • Value Estimation
      $650,000
      7,437 SF

      6501 Precinct Line Rd

      MEDICAL BUILDING • 7,437 SF
      6501 Precinct Line Rd, North Richland Hills, TX 76182-4313
      View Details
    • Value Estimation by Request
      4,087 SF

      6505 Precinct Line Rd

      DENTAL BUILDING • 4,087 SF
      6505 Precinct Line Rd, North Richland Hills, TX 76182-4313
      View Details
    • Value Estimation
      $620,000
      5,492 SF

      8541 Davis Blvd

      MEDICAL BUILDING • 5,492 SF
      8541 Davis Blvd, North Richland Hills, TX 76182-8311
      View Details

    Similar Nearby for Sale

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      The Railyard Crossing: Prime TX Property

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    • $6,500,120
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    • $1,867,000
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      8501 Mid Cities Blvd

      Medical offices • 5,086 SF
      8501 Mid Cities Blvd, North Richland Hills, TX 76182
      View Details
    • Contact for pricing
      5,985 SF

      North Tarrant Medical Office Building

      Modern Medical Office, NNN Lease, 5,985 SF
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    • $1,867,000
      5,086 SF

      North Richland Hills Leased Property

      Fully leased commercial property with high visibility and excellent location.
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      View Details

    Similar Nearby for Lease

    • $18 SF/Yr
      5,238 SF

      Precinct Line Road Office Space

      Prime Medical/Office Space Available
      6605 Precinct Line Rd, North Richland Hills, TX 76182
      View Details
    • $25 SF/Yr
      16,524 SF

      Prime Medical Office Space in N Richland Hills

      16,524 SF Multi-Tenant Medical Center, 5,726 SF Available
      8479 Davis Blvd, North Richland Hills, TX 76182
      View Details
    • Contact for pricing
      1,600 SF

      New Retail/Medical Strip Center

      New retail/medical strip center with high visibility and access.
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    • $16 SF/Yr
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      North Richland Hills Office Space

      Centrally located office space near DFW International Airport.
      8609 Mid Cities Blvd, North Richland Hills, TX 76182
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    • Contact for pricing
      189 SF

      North Richland Hills Office Suites

      Modern Office Space, Flexible Options
      8376 Davis Blvd, North Richland Hills, TX 76182, North Richland Hills, TX 76182
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    • $22 SF/Yr
      6,684 SF

      Huntington Square Office Suite

      Office suite for lease in Huntington Square Business Park.
      9292 Huntington Sq, North Richland Hills, TX 76182
      View Details
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    8237 Mid Cities Blvd
    North Richland Hills, TX 76182-4712
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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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