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    Property profile & analytics

    8700 Tarrant Pkwy North Richland Hills, TX 76182

    • Strip malls
    • 12,689 SF
    • 1.79 lot acres
    For Lease
    View listing
    Value Estimations
    $645,000
    Cap Rate Potential
    Location Intelligence
    Property ID
    US82-4245161
    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

    • Strip malls

    Property Details for 8700 Tarrant Pkwy

    Year built
    2000
    Lot size
    1.79 lot acres
    Property size
    12,689 SF
    Property type
    Strip malls
    Property subtype
    Neighborhood centers
    APN
    3430-4-1R1
    APU
    343041R1

    Description

    Tarrant Parkway Plaza offers exceptional retail space in a thriving Tarrant County neighborhood center. This Class C property, built in 2000, boasts a total of 14,427 square feet across a single building situated on a 1.79-acre lot. Three spaces are currently available, ranging from a minimum of 1,200 square feet to a maximum contiguous space of 5,418 square feet. The center enjoys excellent visibility and prominent street frontage at the major signalized intersection of North Tarrant Parkway and Davis Boulevard. Ample on-site parking is available for customers and employees. This location benefits from strong co-tenancy with national retailers including Walmart, Target, Kroger, and Alamo Drafthouse, ensuring high traffic and a robust customer base. The property's strategic location and established tenant mix provide a compelling opportunity for businesses seeking high visibility and a strong retail presence in a densely populated area. The center's design and layout are well-suited for a variety of retail uses, making it an attractive option for both established businesses and new ventures. The available spaces offer flexibility for businesses of various sizes, providing a range of options to suit individual needs. This is a rare opportunity to secure prime retail space in a highly desirable location.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $555,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $739,000
      Market price range: $336k - $820k

    • Alternative Use

      Use
      Estimation
      NEIGHBORHOOD: SHOPPING CENTER
      $575,000
      Current use
      RETAIL STORES
      $775,000
      Change: +35% Conversion: Easy
      WAREHOUSE, STORAGE
      $530,000
      Change: -7% 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
    -97.1971
    Latitude
    32.9034
    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
    $44,925
    $624,088
    $1,586,912
    $2,211,000
    -
    $624,088
    $1,586,912
    $2,211,000

    Comparable in this City

    • Value Estimation
      $705,000
      16,761 SF

      9160 Tarrant Pkwy

      SHOPPING CENTER, STRIP CENTER • 16,761 SF
      9160 Tarrant Pkwy, North Richland Hills, TX 76182-8803
      View Details
    • Value Estimation by Request
      2,184 SF

      6714 Smithfield Rd

      SHOPPING CENTER, STRIP CENTER • 2,184 SF
      6714 Smithfield Rd, North Richland Hills, TX 76182-3936
      View Details
    • Value Estimation by Request
      7,500 SF

      7505 Davis Blvd

      SHOPPING CENTER, STRIP CENTER • 7,500 SF
      7505 Davis Blvd, North Richland Hills, TX 76182-7460
      View Details
    • Value Estimation
      $1,540,000
      38,635 SF

      8528 Davis Blvd

      SHOPPING CENTER, STRIP CENTER • 38,635 SF
      8528 Davis Blvd, North Richland Hills, TX 76182-8367
      View Details
    • Value Estimation
      $960,000
      23,309 SF

      8849 Tarrant Pkwy

      SHOPPING CENTER, STRIP CENTER • 23,309 SF
      8849 Tarrant Pkwy, North Richland Hills, TX 76182-7695
      View Details
    • Value Estimation
      $605,000
      13,266 SF

      8412 Davis Blvd

      SHOPPING CENTER, STRIP CENTER • 13,266 SF
      8412 Davis Blvd, North Richland Hills, TX 76182-8680
      View Details

    Similar Nearby for Sale

    • $2,500,000
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      Smoothie Factory Cafe - NNN Lease

      Texas QSR Investment: Strong ROI
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    • $980,000
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      The Railyard Crossing: Prime TX Property

      Medical/Flex Space, $980K, 57,140 SF
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    • $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
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    • $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
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    • $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
    • $471,000
      0.72 Acres

      Prime North Richland Hills Land

      .72-acre commercial lot, ideal for retail/restaurant.
      8351 Davis Blvd, North Richland Hills, TX 76182
      View Details

    Similar Nearby for Lease

    • 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
    • Contact for pricing
      14,427 SF

      Tarrant Parkway Plaza Retail Center

      Prime Retail Space, High Visibility
      8700 Tarrant Pkwy, North Richland Hills, TX 76182
      View Details
    • Contact for pricing
      1,500 SF

      Retail Space in North Richland

      Retail space available in a Super Target anchored shopping center.
      8528 Davis Blvd, 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
      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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