Property profile

8240 Mid Cities Blvd North Richland Hills, TX 76180

OFF-MARKET
Office buildings
Property ID
US83-3950915
4,935 SF 0.44 ac lot Built 2002
Entity Owned 8-yr Hold ~ Est. High Equity
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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

Location

8240 Mid Cities Blvd North Richland Hills, TX 76180-4711
North Richland Hills metro Census 113221 DALLAS-FORT WORTH-ARLINGTON, TX METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$350k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$480k

Owner & transaction history

since 2017
7 recorded transactions
2017
Price N/A
2014
Price N/A
2010
Price N/A
2008
Price N/A
2007
Price N/A
2005
Price N/A
1969
Price N/A

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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