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Property profile & analytics
FOR LEASE
Strip malls
8245 Precinct Line Rd North Richland Hills, TX 76182
Entity Owned
Absentee Owner
Free & Clear
Property ID
US83-1197394
For Lease
1 / 3
$22 SF/Yr
8245 Precinct Line Rd, North Richland Hills, TX 76182
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Property summary
AI-generated overview
Precinct Village, located at 8245 Precinct Line Rd in North Richland Hills, Texas, presents a prime retail investment opportunity. This single-story, Class B shopping center, built in 2003, boasts a total of 32,147 square feet on a 3.91-acre lot. Currently, there are 15,360 square feet of vacant space available, offering flexible options ranging from 1,272 to 3,000 square feet. The property features ample parking with 163 spaces, catering to both tenants and customers. Its strategic location in Tarrant County, Texas, benefits from a strong shadow anchor presence, with Walmart and Target nearby, ensuring high visibility and foot traffic. The center already houses a mix of national and local tenants, creating a vibrant and established retail environment. This property is ideal for businesses seeking high-traffic exposure in a thriving community. The property's single-building design and convenient layout offer ease of access and management. The available space provides an excellent opportunity for expansion or new business ventures in a well-established retail center. The zip code is 76182.
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
2003
Total area
32,820 SF
Lot
3.01 ac (131,116 SF)
APN
44954G-1-2R1
UPID
US83-1197394
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
AI Approach
AI
$825k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.64M
Blend (final)
Blend
$1.23M
Owner & transaction history
PROVIDENT CAPITAL LLC
PROVIDENT CAPITAL LLC
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$2.0M
+34.8%
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs North Richland Hills submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs North Richland Hills submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
by Request
ML approach
$825,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
NEIGHBORHOOD: SHOPPING CENTER
$1,485,000
Current use
RETAIL STORES
$2,000,000
Change: +35% · Conversion: Easy
WAREHOUSE, STORAGE
$1,375,000
Change: -7% · Conversion: Difficult
Blend value · Realmo final
$1.23M
Range $1.11M – $1.35M · ±10%
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$37 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$90,699
Tax year 2023
Assessed value
$4,900,000
Assessed 2024
Previous assessed
$4,364,598
+12.3% YoY
Effective rate
1.85%
On assessed value
Assessed land
$1,573,332
Assessed improvement
$3,326,668
Land market value
$1,573,332
Improvement market value
$3,326,668
Total market value
$4,900,000
Applied tax rate
224.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Status
For Lease
Year built
2003
Total area
32,820 SF
Lot
3.01 ac (131,116 SF)
APN
44954G-1-2R1
UPID
US83-1197394
Jurisdiction
TARRANT
Metro division
FORT WORTH-ARLINGTON, TX METROPOLITAN DIVISION
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
NEIGHBORHOOD: SHOPPING CENTER Current
Est. value
$1.5M
RETAIL STORES
Est. value
$2.0M
WAREHOUSE, STORAGE
Est. value
$1.4M
NEIGHBORHOOD: SHOPPING CENTER Current
RETAIL STORES
WAREHOUSE, STORAGE
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
2003
Lot
3.01 ac
Current owner
From public records · entity-resolved
PROVIDENT CAPITAL LLC
Entity
Free & Clear · 0 yrs held
Mailing address
1820 BONANZA ST STE #200, WALNUT CREEK, CA 94596-4376
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
—
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
No recorded transactions
No recorded transactions found for this property.
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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