8233 Mid Cities BlvdNorth Richland Hills, TX 76182

Property Details for 8233 Mid Cities Blvd

Year built

2007

Lot size

0.38 AC

Property size (Sq ft)

3,200 SF

Property type

Office buildings

APN

31892D-1-9

APU

31892D19

Description

This exceptional 3,824 square foot executive office building, located at 8233 Mid Cities Blvd in North Richland Hills, Texas, presents a unique investment opportunity. Built in 2015, this Class B property boasts a single-story design situated on a 0.37-acre lot. The building features a multi-tenant configuration, ideal for a variety of business needs. The interior finishes are described as "over-the-top," promising a high-end aesthetic. High ceilings contribute to a spacious and impressive atmosphere. Ample parking is provided, with a ratio of 2.6 spaces per 1,000 square feet, including covered carport parking. The property is move-in ready, eliminating the need for extensive renovations. Its prime location in North Richland Hills, Tarrant County, Texas, zip code 76182, offers excellent accessibility and visibility. The asking price is available upon request. This is a rare opportunity to acquire a well-maintained, attractive, and functional executive office space in a desirable Texas location. Contact us today to schedule a showing.

• CAP approach

  CAP return

  Valuation

  6%

  $687,179

  6.5%

  $634,319

  7%

  $589,010

• Comparable approach

  Method

  Valuation

  Relative Method

  $369,689

  Geo Method

  $841,323

• Alternative Use

  Use

  Valuation

  Industrial / Distribution

  $1,210,870

  Retail / Commercial

  $628,357

  Mixed-Use / Specialty

  $631,973

  Hospitality / Lodging

  $471,283

  Institutional / Educational

  $659,091

  Residential Income

  $771,136

  Multifamily

  $892,393

  Automotive / Energy

  $564,935

  Parking / Income-Based Land

  $189,166

  Restaurant / Food Service

  $341,193

  Healthcare / Senior Housing

  $642,071

Location Insight

City

North Richland Hills

County

Tarrant

State

Texas

Latitude

32.8624

Longitude

-97.2063

CBSA code

19100

CBSA name

DALLAS-FORT WORTH-ARLINGTON, TX METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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