Property summary
This exceptional two-story, Class B executive office building at 8240 Mid Cities Blvd., North Richland Hills, Texas, presents a compelling investment opportunity. Boasting 5,000 square feet on a 0.44-acre lot, this 2002-built property is currently 100% leased to eleven tenants under short-term leases, offering below-market rental rates and significant upside potential. The building features a unique interior finish-out and a prominent monument sign, enhancing its visibility and appeal. Ample parking is provided with 19 spaces (4.05 spaces per 1,000 sq ft). The asking price is $1,300,000, representing a compelling price per square foot of $260 and a strong 5.80% capitalization rate based on a net operating income (NOI) of $75,431.16. Located in Tarrant County, Texas, with a 76180 zip code, this multi-tenant property offers a solid return on investment with the potential for significant future rental growth. The property's strategic location and attractive features make it an ideal acquisition for investors seeking a stable, income-producing asset with significant upside potential.
Property profile
VerifiedCap rate & NOI
Location
Value estimations
Owner & transaction history
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Value estimation
Instant AI valuation built from comps, income signals, and proprietary benchmarks. A defensible range, not a single guess.
from $99/month
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
from $99/month
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Property tax & assessments
Tax year 2023Property description
Physical attributes from public recordsZoning & alternative use
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
No zoning code is on file for this parcel. Zoning coverage grows with every catalog release — check back, or open Location Intelligence for use analysis of this corner.
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