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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    8351 Davis Blvd North Richland Hills, TX 76182

    • Commercial real estate
    • 0.72 lot acres
    For Sale
    View listing
    $471,000
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US82-2726940
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Commercial real estate

    Property Details for 8351 Davis Blvd

    Lot size
    0.72 lot acres
    Property type
    Commercial real estate

    Description

    This exceptional .72-acre commercial land parcel presents a unique investment opportunity in the thriving North Richland Hills, Texas market. Located at 8351 Davis Blvd, this property offers a prime pad site with a potential drive-thru option, making it perfectly suited for retail or restaurant development. The site benefits from a strategic location near the hard corner of North Tarrant Parkway and Davis Blvd, ensuring high visibility and accessibility. Adding to its appeal, the property is anchored in the rear by a 60-unit 55+ senior active-living development, boasting an average resident income of $135,000. This demographic provides a strong potential customer base for any commercial venture. Further enhancing the location's desirability, an Alamo Draft House is situated directly across the street, and several new businesses have recently opened nearby. The City of North Richland Hills provides a supportive environment for commercial growth. The property is offered for sale only, with the possibility of a shared drive arrangement with an adjacent shopping center, streamlining development and operational logistics. This is a rare opportunity to acquire a highly desirable commercial lot in a rapidly growing area of Tarrant County, Texas, with a zip code of 76182. The property is priced at $471,000.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    North Richland Hills
    County
    Tarrant
    State
    Texas
    Longitude
    -97.195326313431
    Latitude
    32.901690728322

    Comparable in this City

    • $429,900

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      0.975 acre pad site suitable for medical, office, retail.
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      Commercial Pad Site Opportunity

      1.3-acre commercially zoned pad site in North Richland Hills.
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    • $3,554,500
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      North Richland Hills Commercial Land

      5.4 Acres, High-Visibility Location
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      0.98 Acres

      North Richland Hills Commercial Land

      Build-ready pad site, prime location.
      6421 Precinct Line Rd, North Richland Hills, TX 76182
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    • $991,000

      Commercial Land Pad Site

      Commercial land for sale, suitable for office or medical use.
      7629 Precinct Line Rd, North Richland Hills, TX 76182
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    • $59,900
      0.24 Acres

      Residential Land in North Richland

      0.24 acre lot with mature trees in North Richland
      8401 Gifford Ln, North Richland Hills, TX 76182
      View Details

    Similar Nearby for Sale

    • $429,900

      Ready Pad Site For Sale

      0.975 acre pad site suitable for medical, office, retail.
      9228 Martin Dr, North Richland Hills, TX 76182
      View Details
    • Contact for pricing

      Commercial Pad Site Opportunity

      1.3-acre commercially zoned pad site in North Richland Hills.
      8223 Turner Dr, North Richland Hills, TX 76182
      View Details
    • $3,554,500
      5.44 Acres

      North Richland Hills Commercial Land

      5.4 Acres, High-Visibility Location
      7717 Precinct Line Rd, North Richland Hills, TX 76182
      View Details
    • Contact for pricing
      0.98 Acres

      North Richland Hills Commercial Land

      Build-ready pad site, prime location.
      6421 Precinct Line Rd, North Richland Hills, TX 76182
      View Details
    • $991,000

      Commercial Land Pad Site

      Commercial land for sale, suitable for office or medical use.
      7629 Precinct Line Rd, North Richland Hills, TX 76182
      View Details
    • $59,900
      0.24 Acres

      Residential Land in North Richland

      0.24 acre lot with mature trees in North Richland
      8401 Gifford Ln, North Richland Hills, TX 76182
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      189 SF

      North Richland Hills Office Suites

      Modern Office Space, Flexible Options
      8376 Davis Blvd, North Richland Hills, TX 76182, North Richland Hills, TX 76182
      View Details
    • Contact for pricing
      2,700 SF

      Prime North Richland Hills Retail Space

      2700 SF Retail, Drive-Thru Available
      8517 Davis Blvd, North Richland Hills, TX 76182
      View Details
    • $10 SF/Yr
      14,905 SF

      Industrial Warehouse Space Available

      14,905 square foot warehouse space for lease.
      8200 Parkway Ave Northeast, North Richland Hills, TX 76182
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    • $16 SF/Yr
      3,583 SF

      North Richland Hills Office Space

      Centrally located office space near DFW International Airport.
      8609 Mid Cities Blvd, North Richland Hills, TX 76182
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      12,900 SF

      Prime North Richland Hills Retail Space

      12,900 SF Freestanding Building, High Traffic
      9200 Tarrant Pkwy, North Richland Hills, TX 76182
      View Details
    • $20 SF/Yr
      32,147 SF

      Precinct Village Retail Center

      North Richland Hills retail space available.
      8245 Precinct Line Rd, North Richland Hills, TX 76182
      View Details
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    North Richland Hills, TX 76182
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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