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    OFF-MARKET
    Office buildings

    8240 Mid Cities Blvd, North Richland Hills, TX 76180-4711

    4,935 SF 0.44 ac lot Built 2002
    Entity Owned 8-yr Hold ~ Est. High Equity
    Property ID
    US83-3950915
    Property summary
    AI-generated overview

    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
    Verified
    Property type Office buildings
    Use group OFFICE BUILDING
    Year built 2002
    Total area 4,935 SF
    Lot 0.44 ac (19,245 SF)
    APN 39026-1-1
    UPID US83-3950915
    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
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    Owner & transaction history
    Tacker Farmer LLC · 8 yrs held
    Tacker Farmer LLC
    since 2017
    7 recorded transactions
    2017
    2014
    2010
    2008
    2007
    2005
    1969
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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