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8201 Mid Cities Blvd 3,775 SF 100% Leased Office Building North Richland Hills, TX 76182 $925,000 ($245.03/SF) 6.99% Cap Rate
INVESTMENT HIGHLIGHTS
- Fully Leased
- High-End Finish Out
- Free Standing Building
- 4:5:1,000 Parking Ratio
EXECUTIVE SUMMARY
Conveniently located near North Richland Hills in the third largest city in Tarrant County. Located 3 minutes from Birdville ISD’s fine arts/athletic complex and the Grapevine Hwy Retail Corridor. This multi-tenant office building was fully remodeled in 2023, providing its tenants with a Class A finish out.
PROPERTY FACTS
Sale Type
Investment
Sale Condition
1031 Exchange
Property Type
Office
Building Size
3,775 SF
Building Class
B
Year Built
2007
Price
$925,000
Price Per SF
$245.03
Cap Rate
6.99%
NOI
$64,698
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Typical Floor Size
3,775 SF
Building FAR
0.22
Lot Size
0.40 AC
Zoning
C-1 Commercial - Allows for office and retail services
Parking
18 Spaces (4 Spaces per 1,000 SF Leased)
MAJOR TENANTS
- TENANT
- INDUSTRY
- SF OCCUPIED
- RENT/SF
- LEASE END
- Paragon Payroll, Inc
- Professional, Scientific, and Technical Services
- -
- -
- -
| TENANT | INDUSTRY | SF OCCUPIED | RENT/SF | LEASE END | ||
| Paragon Payroll, Inc | Professional, Scientific, and Technical Services | - | - | - |
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PROPERTY TAXES
| Parcel Number | 41155572 | Improvements Assessment | $574,356 |
| Land Assessment | $148,644 | Total Assessment | $723,000 |
PROPERTY TAXES
Parcel Number
41155572
Land Assessment
$148,644
Improvements Assessment
$574,356
Total Assessment
$723,000
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8201 Mid Cities Blvd
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