6716 Smithfield RdNorth Richland Hills, TX 76182

Property Details for 6716 Smithfield Rd

Year built

1984

Lot size

0.37 AC

Property size (Sq ft)

2,850 SF

Property type

Strip malls

Property subtype

Neighborhood centers

APN

32925-2-2

APU

3292522

Description

This exceptional commercial property, located at 6716 Smithfield Rd, North Richland Hills, Texas 76182, presents a unique investment opportunity. Priced at $1,100,000, this property encompasses a total of 5,034 square feet spread across two separate buildings on a 0.75-acre lot. Built in 1984, the main building at 6716 Smithfield Rd offers a spacious and adaptable layout suitable for a variety of commercial uses. Currently, the property generates income from two tenants. The second building, located at 6714 Smithfield Rd, provides additional space, potentially for expansion, storage, or separate business ventures. Its prime location in a high-traffic area ensures excellent visibility and accessibility for customers. The property's versatility makes it ideal for various businesses, including but not limited to retail, office space, or professional services. This is a rare chance to acquire a well-situated commercial property with significant potential in a thriving North Richland Hills community. The property offers a strong foundation for continued income generation or redevelopment, making it an attractive investment for discerning buyers. The combination of existing income, ample space, and prime location makes this a compelling opportunity.

• CAP approach

  CAP return

  Valuation

  6%

  $793,824

  6.5%

  $732,761

  7%

  $680,420

• Comparable approach

  Method

  Valuation

  Relative Method

  $829,721

  Geo Method

  $1,887,134

• Alternative Use

  Use

  Valuation

  Residential

  $618,111

  Hospitality

  $566,186

  Educational

  $471,060

  Medical

  $487,261

  Retail

  $732,761

Location Insight

City

North Richland Hills

County

Tarrant

State

Texas

Latitude

32.8691

Longitude

-97.2116

CBSA code

19100

CBSA name

DALLAS-FORT WORTH-ARLINGTON, TX METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?

Please email our support team at [email protected] and they will add the team member.

How do I access a private listing?

Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.

How can I contact the broker?

We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.

How do I unsubscribe from emails?

At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].