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7510 Davis Blvd 5,303 SF 77% Leased Office Building North Richland Hills, TX 76182 $999,000 ($188.38/SF) 6.11% Cap Rate
INVESTMENT HIGHLIGHTS
- Investment or Owner/User Opportunity
- Visibility on Major Thoroughfare
- High Traffic Area
- Easy Access to Loop 820 and Hwy 183
EXECUTIVE SUMMARY
Multi-Tenant General Office Building with five (5) suites totaling 5,303 SF located in the heart of Mid Cities. The immediate visibility off Davis Blvd. provides for high traffic and close proximity to amenities in the area. Renovations were made partially to some suites in 2016 with more upside in renovating the remainder of the property. This a perfect owner/user or investment opportunity.
PROPERTY FACTS
Sale Type
Investment or Owner User
Property Type
Office
Property Subtype
Building Size
5,303 SF
Building Class
C
Year Built
1984
Price
$999,000
Price Per SF
$188.38
Cap Rate
6.11%
NOI
$61,061
Percent Leased
77%
Tenancy
Multiple
Building Height
1 Story
Typical Floor Size
5,303 SF
Building FAR
0.23
Lot Size
0.53 AC
Zoning
C2
Parking
16 Spaces (3.02 Spaces per 1,000 SF Leased)
AMENITIES
- Monument Signage
- Air Conditioning
MAJOR TENANTS
- TENANT
- INDUSTRY
- SF OCCUPIED
- RENT/SF
- LEASE END
- Laura Geninatti-State Farm Insurance Agent
- Finance and Insurance
- 1,032 SF
- -
- -
| TENANT | INDUSTRY | SF OCCUPIED | RENT/SF | LEASE END | ||
| Laura Geninatti-State Farm Insurance Agent | Finance and Insurance | 1,032 SF | - | - |
SPACE AVAILABILITY
- SPACE
- SIZE
- SPACE USE
- CONDITION
- AVAILABLE
Two large open workspaces, Reception, Storage, Private bathroom, and Breakroom.
| Space | Size | Space Use | Condition | Available |
| 1st Fl-Ste D | 1,242 SF | Office | Full Build-Out | Now |
1st Fl-Ste D
| Size |
| 1,242 SF |
| Space Use |
| Office |
| Condition |
| Full Build-Out |
| Available |
| Now |
1st Fl-Ste D
| Size | 1,242 SF |
| Space Use | Office |
| Condition | Full Build-Out |
| Available | Now |
Two large open workspaces, Reception, Storage, Private bathroom, and Breakroom.
PROPERTY TAXES
| Parcel Number | 05635942 | Improvements Assessment | $452,148 |
| Land Assessment | $91,652 | Total Assessment | $543,800 |
PROPERTY TAXES
Parcel Number
05635942
Land Assessment
$91,652
Improvements Assessment
$452,148
Total Assessment
$543,800
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7510 Davis Blvd
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