5615 Rufe Snow DrNorth Richland Hills, TX 76180

Property Details for 5615 Rufe Snow Dr

Year built

1993

Lot size

0.91 AC

Property size (Sq ft)

8,558 SF

Property type

Retail space

APN

21115-4-4

APU

2111544

Description

This exceptional investment opportunity presents a single-tenant, 8,588 square foot Class B office building situated on a 0.91-acre lot in North Richland Hills, Texas. The property, located at 5615 Rufe Snow Dr, 76180, boasts a desirable I-2 zoning and benefits from high traffic visibility along a bustling retail corridor. Built in 1993 and renovated in 2020, this fully occupied asset offers a secure income stream with a strong tenant base. The property features a triple net (NNN) lease structure, minimizing landlord responsibilities. With an asking price of $1,800,000, the property offers a compelling 6.67% cap rate and a price per square foot of $209.59. The building is a single-story structure and is less than a mile from Highway 820, providing excellent access and visibility. This is an ideal investment for those seeking a reliable and lucrative addition to their portfolio. A detailed 10-year investment analysis is available upon request. The Tarrant County property (APN: 06660770) is categorized as both Creative and Traditional Office space.

• CAP approach

  CAP return

  Valuation

  6%

  $2,383,700

  6.5%

  $2,200,338

  7%

  $2,043,172

• Comparable approach

  Method

  Valuation

  Relative Method

  $2,491,492

  Geo Method

  $5,678,526

• Alternative Use

  Use

  Valuation

  Residential

  $1,856,068

  Hospitality

  $1,700,148

  Educational

  $1,414,503

  Medical

  $1,463,150

  Retail

  $2,200,338

Location Insight

City

North Richland Hills

County

Tarrant

State

Texas

Latitude

32.8483

Longitude

-97.2392

CBSA code

19100

CBSA name

DALLAS-FORT WORTH-ARLINGTON, TX METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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