8533 Davis BlvdNorth Richland Hills, TX 76182

Property Details for 8533 Davis Blvd

Year built

2015

Lot size

0.87 AC

Property size (Sq ft)

6,640 SF

Property type

Retail properties

Property subtype

Strip malls

APN

613-1-2R1

APU

61312R1

Description

This exceptional 3,222 square foot medical office suite, located in Suite 200, presents a fantastic opportunity for a dental practice or similar medical business. The space is completely move-in ready, eliminating the need for extensive renovations. Situated in a prime location along busy Davis Boulevard at the edge of Colleyville, this property benefits from high visibility and excellent access. The building itself is a single-story structure, totaling 6,440 square feet, constructed in 2015. The 0.87-acre lot provides ample space and parking. The property is currently multi-tenant. The surrounding area boasts a high average household income exceeding $150,000, indicating a strong and affluent demographic. The strategic location near national retailers ensures high foot traffic and convenient access for patients. This is an ideal opportunity to establish or expand a medical practice in a thriving community with a proven track record of success. The available space offers significant potential for a thriving business, given its size, location, and move-in ready condition. The property is located in Tarrant County.

• CAP approach

  CAP return

  Valuation

  6%

  $2,420,112

  6.5%

  $2,233,950

  7%

  $2,074,382

• Comparable approach

  Method

  Valuation

  Relative Method

  $3,037,471

  Geo Method

  $2,013,290

• Alternative Use

  Use

  Valuation

  Residential

  $1,884,420

  Hospitality

  $1,726,119

  Educational

  $1,436,111

  Medical

  $1,485,501

  Retail

  $2,233,950

Location Insight

City

North Richland Hills

County

Tarrant

State

Texas

Latitude

32.9081

Longitude

-97.1914

CBSA code

19100

CBSA name

DALLAS-FORT WORTH-ARLINGTON, TX METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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