8240 Mid Cities Blvd, North Richland Hills, TX 76180-4711
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.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.