8479 Davis BlvdNorth Richland Hills, TX 76182

Property Details for 8479 Davis Blvd

Year built

2017

Lot size

1.97 AC

Property size (Sq ft)

14,200 SF

Property type

Medical offices

Property subtype

Medical centers

APN

3430-5-7

APU

343057

Description

This exceptional multi-tenant medical office building, totaling 16,524 square feet, presents a unique investment opportunity in the thriving North Richland Hills, Texas market. Currently, 5,726 square feet of readily available space is perfect for expansion or a new practice. Strategically located at 8479 Davis Blvd, on the northwest corner of Davis Boulevard and North Tarrant Parkway, this property boasts unparalleled visibility and accessibility. The building's prime location is surrounded by bustling retail centers and residential areas, ensuring high traffic and a strong patient base. This well-maintained medical center is ideally situated to serve the affluent communities of Southlake, Keller, Colleyville, and North Richland Hills, offering a strong demographic profile for medical practices. The available space features high-quality finishes, adaptable work areas to suit various needs, a dedicated conference room, and two treatment rooms, ready for immediate occupancy. The property is zoned F1, making it suitable for a variety of medical uses. This is an exceptional chance to establish or expand a medical practice in a highly desirable location with excellent visibility and access to a large, affluent population. The building's second-generation physical therapy space provides a solid foundation for a seamless transition. Don't miss this opportunity to secure a prominent presence in this thriving medical corridor. The property is located in zip code 76182.

• CAP approach

  CAP return

  Valuation

  6%

  $3,849,150

  6.5%

  $3,553,060

  7%

  $3,299,270

• Comparable approach

  Method

  Valuation

  Relative Method

  $2,390,870

  Geo Method

  $1,708,540

• Alternative Use

  Use

  Valuation

  Industrial / Distribution

  $7,284,670

  Retail / Commercial

  $3,678,870

  Mixed-Use / Specialty

  $3,621,090

  Hospitality / Lodging

  $2,598,530

  Institutional / Educational

  $3,748,510

  Residential Income

  $4,385,760

  Multifamily

  $5,507,630

  Automotive / Energy

  $3,213,010

  Parking / Income-Based Land

  $1,152,890

  Restaurant / Food Service

  $1,788,050

  Healthcare / Senior Housing

  $3,759,160

Location Insight

City

North Richland Hills

County

Tarrant

State

Texas

Latitude

32.9052

Longitude

-97.1944

CBSA code

19100

CBSA name

DALLAS-FORT WORTH-ARLINGTON, TX METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

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