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

    Tarrant Pkwy North Richland Hills, TX

    • Grocery and convenience stores
    • 208,693 SF
    • 23.35 lot acres
    OFF-MARKET
    Value Estimations
    $26,345,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US83-1216196
    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

    • Grocery and convenience stores

    Property Details for Tarrant Pkwy

    Year built
    2002
    Lot size
    23.35 lot acres
    Property size
    208,693 SF
    Property type
    Grocery and convenience stores
    APN
    44954G-1-1A1
    APU
    44954G11A1

    Value Estimations

    based on Realmo’s proprietary methodology

    • Alternative Use

      Use
      Estimation
      RETAIL STORES
      $20,110,000
      Current use
      COMMERCIAL (GENERAL)
      $31,460,000
      Change: +56% Conversion: Easy
      RESTAURANT
      $25,535,000
      Change: +27% Conversion: Easy
      AUTO REPAIR, GARAGE
      $23,495,000
      Change: +17% Conversion: Difficult
      OFFICE BUILDING
      $19,090,000
      Change: -5% Conversion: Easy
      MEDICAL BUILDING
      $18,340,000
      Change: -9% 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
    -97.1895
    Latitude
    32.9056
    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
    $225,823
    $8,136,080
    $2,730,920
    $10,867,000
    -
    $8,136,080
    $2,730,920
    $10,867,000

    Comparable in this City

    • Value Estimation by Request
      7,350 SF

      12400 Ss Fwy

      CONVENIENCE STORE (W/FUEL PUMP) • 7,350 SF
      12400 Ss Fwy, Fort Worth, TX
      View Details
    • Value Estimation
      $4,610,000
      37,095 SF

      W

      GROCERY, SUPERMARKET • 37,095 SF
      W, Main Ave, TX
      View Details
    • Value Estimation by Request
      720 SF

      Hwy 107th W

      CONVENIENCE STORE • 720 SF
      Hwy 107th W, Of Levy, TX
      View Details
    • Value Estimation by Request
      1,200 SF

      S

      CONVENIENCE STORE • 1,200 SF
      S, Fm 1015, TX
      View Details
    • Value Estimation by Request
      1,215 SF

      2501 Avondale Haslet Rd

      CONVENIENCE STORE (W/FUEL PUMP) • 1,215 SF
      2501 Avondale Haslet Rd, Fort Worth, TX
      View Details
    • Value Estimation
      $845,000
      5,046 SF

      S

      CONVENIENCE STORE • 5,046 SF
      S, International Blvd, TX
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      3,472 SF

      Truck Stop on I-20

      Truck stop with store, kitchen, and fuel islands.
      Penwell, TX
      View Details
    • $5,000,000
      10,400 SF

      Bakery, Market, and Restaurant Opportunity

      Long-standing bakery, market, and restaurant with equipment included.
      7333 Hillcroft Ave, Houston, TX
      View Details
    • $7,805,000
      3,145 SF

      New 7-Eleven on Highway 71

      New construction 7-Eleven on 1.72 acres with highway frontage.
      18201 State Hwy, Vlg O The Hls, TX
      View Details
    • Contact for pricing
      2,094 SF

      Restaurant Space with Drive-Thru

      Second generation restaurant space with food mart and gas station.
      1721 S Mechanic St, El Campo, TX
      View Details
    • $900,000
      9,014 SF

      Dollar General NNN Investment Opportunity

      Dollar General property with upcoming rent increase and strong corporate guaranty.
      1108 N Storts St, Poth, TX
      View Details
    • $7,081,000
      6,739 SF

      Modern Truck Stop on Highway

      Newer truck stop with long-term lease and rent increases.
      16158 Hwy 31 W, Tyler, TX
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      6,025 SF

      Fuel Station with Expansion Potential

      Fuel station with multiple revenue streams and expansion opportunity.
      2503 Tx-16, Strawn, TX
      View Details
    • Contact for pricing
      1,172 SF

      Corner Retail Space Available

      C-Store corner space with bank buildout available for rent.
      3400-3402 Sh 21 E, Bryan, TX
      View Details
    • Contact for pricing
      11,034 SF

      Retail Space in Mixed-Use Development

      Retail and restaurant spaces available in upcoming mixed-use community.
      7018 Xrd Way, Temple, TX
      View Details
    • $29 SF/Yr
      6,042 SF

      Retail Space with Drive-Thru

      Retail property with drive-thru, high traffic location in Cypress.
      8231-8227 Retail At Greenhouse, Cypress, TX
      View Details
    • Contact for pricing
      1,700 SF

      Retail Space in Grand Prairie

      Retail space available in a community shopping center.
      524 W Ih 20, Grand Prairie, TX
      View Details
    • Contact for pricing
      3,536 SF

      Addison Retail Space For Rent

      Retail space available at Frankford Rd & Pear Ridge Dr.
      4805 Frankford Rd, Addison, TX
      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.
    Tarrant Pkwy
    North Richland Hills, TX
    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.