8701 Tarrant PkwyNorth Richland Hills, TX 76182

Property Details for 8701 Tarrant Pkwy

Year built

2020

Lot size

1.01 AC

Property size (Sq ft)

7,310 SF

Property type

Medical offices

Property subtype

Medical centers

APN

3430-5-1R2R1

APU

343051R2R1

Description

This exceptional Class A medical office building, completed in 2021, offers 8,362 square feet of space for lease in a prime Tarrant County location at 8701 N Tarrant Pkwy. The property features two buildings, each single-story, totaling four suites with a minimum divisible space of 1,600 square feet. Currently, the entire 8,362 square feet is available for lease. The property sits on a 1.61-acre lot and boasts ample parking with 70 spaces. Enjoy excellent visibility and accessibility from the highly trafficked North Tarrant Parkway, featuring a convenient left-turn lane. The building benefits from strong co-tenancy with established businesses including Sparrow Eye Care, NRH Family Dentistry, and Flowers of Life Chiropractic. This thriving retail corridor is anchored by major retailers such as Target, Walmart, Chick-fil-A, Kroger, LA Fitness, CVS, Chase Bank, and Whataburger, ensuring high traffic and visibility. The property is zoned C-1 and has a Tarrant County APN of 3430-5-1R2. Tenant improvement packages are available, subject to lease terms and tenant financials. Phase II construction will commence upon 100% occupancy of Phase I. Additional monument signage opportunities are available to enhance your business's presence. This is an unparalleled opportunity to establish your practice in a vibrant and highly visible location.

• CAP approach

  CAP return

  Valuation

  6%

  $1,585,124

  6.5%

  $1,463,192

  7%

  $1,358,678

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,034,658

  Geo Method

  $879,539

• Alternative Use

  Use

  Valuation

  Residential

  $1,814,357

  Hospitality

  $1,661,942

  Educational

  $1,382,716

  Medical

  $1,430,270

  Retail

  $2,150,892

Location Insight

City

North Richland Hills

County

Tarrant

State

Texas

Latitude

32.9045

Longitude

-97.1975

CBSA code

19100

CBSA name

DALLAS-FORT WORTH-ARLINGTON, TX METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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