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

    8721 Airport Fwy North Richland Hills, TX 76180-7601

    • Office buildings
    • 25,296 SF
    • 1.98 lot acres
    OFF-MARKET
    Last Sale
    Jul 07, 2021
    Value Estimations
    $1,410,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US82-1186554
    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

    • Office buildings

    Property Details for 8721 Airport Fwy

    Year built
    1982
    Lot size
    1.98 lot acres
    Property size
    25,296 SF
    Property type
    Office buildings
    APN
    34150-5-2R1
    APU
    3415052R1

    Value Estimations

    based on Realmo’s proprietary methodology

    • Alternative Use

      Use
      Estimation
      OFFICE BUILDING
      $2,200,000
      Current use
      AUTO REPAIR, GARAGE
      $1,855,000
      Change: -16% 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
    -97.1964
    Latitude
    32.8375
    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
    $60,326
    $862,440
    $1,887,560
    $2,750,000
    -
    $862,440
    $1,887,560
    $2,750,000

    Comparable in this City

    • Value Estimation by Request
      1,176 SF

      7238 Vivian Ln

      OFFICE BUILDING • 1,176 SF
      7238 Vivian Ln, Richland Hills, TX 76180-8614
      View Details
    • Value Estimation by Request
      6,168 SF

      5340 Davis Blvd

      OFFICE BUILDING • 6,168 SF
      5340 Davis Blvd, North Richland Hills, TX 76180-6800
      View Details
    • Value Estimation by Request
      4,366 SF

      6344 Davis Blvd

      OFFICE BUILDING • 4,366 SF
      6344 Davis Blvd, North Richland Hills, TX 76180-4762
      View Details
    • Value Estimation
      $605,000
      8,602 SF

      4525 City Pt Dr

      OFFICE BUILDING • 8,602 SF
      4525 City Pt Dr, North Richland Hills, TX 76180-8312
      View Details
    • Value Estimation by Request
      4,294 SF

      7041 Blvd 26

      OFFICE BUILDING • 4,294 SF
      7041 Blvd 26, North Richland Hills, TX 76180-8874
      View Details
    • Value Estimation by Request
      3,269 SF

      7835 Blvd 26

      OFFICE BUILDING • 3,269 SF
      7835 Blvd 26, North Richland Hills, TX 76180-7105
      View Details

    Similar Nearby for Sale

    • $299,900
      0.39 Acres

      Richland Hills Office Building Opportunity

      Office building with high traffic location and flexible potential.
      7240 Glenview Dr, Fort Worth, TX 76180
      View Details
    • Contact for pricing
      1,500 SF

      North Richland Hills Office Space

      1500 SF office with 9 rooms near Grapevine Highway.
      4028 Daley Ave, Fort Worth, TX 76180
      View Details
    • $1,800,000
      8,588 SF

      Rufe Snow Dr Office Investment

      High-yield NNN lease, 100% occupied.
      5615 Rufe Snow Dr, North Richland Hills, TX 76180
      View Details
    • Contact for pricing
      2,885 SF

      Medical Office Building For Sale

      Stand-alone medical office near Medical City North Hills.
      4104 Frawley Dr, North Richland Hills, TX 76180
      View Details
    • $795,000
      3,021 SF

      North Richland Hills Retail Building

      3,021 SF building in a high-traffic North Richland Hills location.
      753 Mid Cities Blvd, North Richland Hills, TX 76180
      View Details
    • $899,000
      3,390 SF

      North Richland Hills Office Suites

      Two well-maintained office suites suitable for medical or general use.
      6340 Davis Blvd, North Richland Hills, TX 76180
      View Details

    Similar Nearby for Lease

    • $10 SF/Yr
      1,500 SF

      North Richland Hills Office Space

      1500 SF office space with 9 rooms available for rent.
      4028 Daley Ave, North Richland Hills, TX 76180
      View Details
    • $395 /Mo
      32,670 SF

      Premier Office Space Available

      Exceptional office space with modern amenities and highway access.
      4925 Davis Blvd, North Richland Hills, TX 76180
      View Details
    • $17 SF/Yr
      13,183 SF

      Davis Blvd Office Space Available

      Prime Tarrant County Office Suites, 100-1707 sq ft
      4925 Davis Blvd, North Richland Hills, TX 76180
      View Details
    • $2,300 /Mo
      16,988 SF

      Glenview Drive Professional Office Space

      Versatile office space on a high-traffic corridor, suitable for various uses.
      7294 Glenview Dr, Fort Worth, TX 76180
      View Details
    • $12 SF/Yr
      47,759 SF

      Prime North Richland Hills Office Space

      Executive suites, flexible layouts, ample parking.
      5555 Rufe Snow Dr, North Richland Hills, TX 76180
      View Details
    • Contact for pricing
      860 SF

      Davis Blvd Retail Space Available

      North Richland Hills, TX: 860 sq ft retail space.
      5101 Davis Blvd, North Richland Hills, TX 76180
      View Details
    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.
    8721 Airport Fwy
    North Richland Hills, TX 76180-7601
    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.