Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    8616 Davis Blvd North Richland Hills, TX 76182-8301

    • Car washes
    • 3,708 SF
    • 1.38 lot acres
    OFF-MARKET
    Last Sale
    Aug 10, 2022
    Value Estimations
    $535,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US83-3715084
    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

    • Car washes

    Property Details for 8616 Davis Blvd

    Year built
    2022
    Lot size
    1.38 lot acres
    Property size
    3,708 SF
    Property type
    Car washes
    APN
    15255F-1-1R
    APU
    15255F11R

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $415,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $658,000
      Market price range: $218k - $659k

    • Alternative Use

      Use
      Estimation
      AUTO REPAIR, GARAGE
      $415,000
      Current use
      COMMERCIAL (GENERAL)
      $560,000
      Change: +34% Conversion: Moderate
      OFFICE BUILDING
      $335,000
      Change: -20% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    North Richland Hills
    County
    Tarrant
    State
    Texas
    Longitude
    -97.1876
    Latitude
    32.9109
    CBSA code
    19100
    CBSA name
    DALLAS-FORT WORTH-ARLINGTON, TX METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $41,778
    $978,624
    $1,043,541
    $2,022,165
    -
    $978,624
    $1,043,541
    $2,022,165

    Comparable in this City

    • Value Estimation
      $920,000
      7,946 SF

      8509 Precinct Line Rd

      AUTO REPAIR, GARAGE • 7,946 SF
      8509 Precinct Line Rd, North Richland Hills, TX 76182-8683
      View Details
    • Value Estimation
      $1,130,000
      12,100 SF

      6432 Davis Blvd

      AUTO REPAIR, GARAGE • 12,100 SF
      6432 Davis Blvd, North Richland Hills, TX 76182-4716
      View Details
    • Value Estimation by Request
      2,272 SF

      8187 Precinct Line Rd

      AUTO REPAIR, GARAGE • 2,272 SF
      8187 Precinct Line Rd, North Richland Hills, TX 76182-8607
      View Details
    • Value Estimation
      $1,370,000
      16,486 SF

      8225 Nene Pkwy

      AUTO REPAIR, GARAGE • 16,486 SF
      8225 Nene Pkwy, North Richland Hills, TX 76182-4008
      View Details
    • Value Estimation by Request
      4,139 SF

      7601 Mid Cities Blvd

      SERVICE STATION WITH FOOD MART • 4,139 SF
      7601 Mid Cities Blvd, North Richland Hills, TX 76182-4620
      View Details
    • Value Estimation
      $645,000
      4,956 SF

      8612 Precinct Line Rd

      AUTO REPAIR, GARAGE • 4,956 SF
      8612 Precinct Line Rd, North Richland Hills, TX 76182-8619
      View Details

    Similar Nearby for Sale

    • $850,000

      Versatile Property with Metal Building

      One-acre property featuring a metal building with multiple bays.
      6821 Smithfield Rd, North Richland Hills, TX 76182
      View Details
    • $1,300,000
      0.60 Acres

      Salon Suites Investment Opportunity

      Fully operational salon suites in North Richland Hills, TX for sale.
      6601 Precinct Line Rd, North Richland Hills, TX 76182
      View Details
    • $2,500,000
      2,800 SF

      Smoothie Factory Cafe - NNN Lease

      Texas QSR Investment: Strong ROI
      8517 Davis Blvd, North Richland Hills, TX 76182
      View Details
    • $980,000
      57,140 SF

      The Railyard Crossing: Prime TX Property

      Medical/Flex Space, $980K, 57,140 SF
      6440 Davis Blvd, North Richland Hills, TX 76182
      View Details
    • $950,000
      5,034 SF

      Versatile Commercial Property in Richland Hills

      Two-building commercial property in a high-visibility location, ideal for investors.
      6716 Smithfield Rd, 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

    Similar Nearby for Lease

    • Contact for pricing
      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
    • Contact for pricing
      1,600 SF

      New Retail/Medical Strip Center

      New retail/medical strip center with high visibility and access.
      8701 N Tarrant Pkwy, North Richland Hills, TX 76182
      View Details
    • $15 SF/Yr
      15,000 SF

      8100 Northeast Pkwy: Build-to-Suit Retail

      15,000 SF Retail Space; Build-to-Suit Opportunity
      8100 Parkway Ave, 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
    • Contact for pricing
      3,070 SF

      Prime North Richland Hills Retail Space

      3,070 SF Retail Building - 1.53 Acres
      6360 Davis Blvd, North Richland Hills, TX 76182
      View Details

    Property Visit Statistics

    • Visits by month
      18.0k
    • Visitors by month
      10.2k
    • Avg Time on site
      18 min
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    8616 Davis Blvd
    North Richland Hills, TX 76182-8301
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.