5801 Davis BlvdNorth Richland Hills, TX 76180

Property Details for 5801 Davis Blvd

Year built

1985

Lot size

1.14 AC

Property size (Sq ft)

6,664 SF

Property type

Banks

APN

18810-26-A

APU

1881026A

Description

This exceptional 6,664-square-foot retail property, located at 5801 Davis Blvd in North Richland Hills, Texas, presents a compelling investment opportunity. Built in 1985 and situated on a 1.14-acre lot, this C1-Commercial zoned building boasts a prominent location with high visibility and accessibility. Currently configured as a freestanding, second-generation bank building, it features a drive-through and attractive interior finishes. The property offers significant redevelopment potential for various uses, including retail, restaurant, office, or medical facilities. With 49 parking spaces and the potential for expansion, ample parking is available. The strategic location on Davis Blvd, a high-traffic thoroughfare with 36,000 vehicles passing daily, ensures excellent exposure. Its proximity to major roadways like Hwy 183, Loop 820, Hwy 26 (Colleyville Blvd), and Mid-Cities Blvd, as well as DFW and Alliance Airports, enhances its appeal. Furthermore, this property is eligible for the North Richland Hills Boulevard Empowerment Zone Grant Program, offering potential financial incentives. Monument signage is available, providing excellent branding opportunities. Showings are by appointment only. Asking price is $1,750,000 ($285/sq ft).

• CAP approach

  CAP return

  Valuation

  6%

  $1,856,155

  6.5%

  $1,713,374

  7%

  $1,590,990

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,940,091

  Geo Method

  $4,419,448

• Alternative Use

  Use

  Valuation

  Residential

  $1,445,295

  Hospitality

  $1,323,883

  Educational

  $1,101,455

  Medical

  $1,139,336

  Retail

  $1,713,374

Location Insight

City

North Richland Hills

County

Tarrant

State

Texas

Latitude

32.8524

Longitude

-97.2138

CBSA code

19100

CBSA name

DALLAS-FORT WORTH-ARLINGTON, TX METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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