8701 Tarrant PkwyNorth Richland Hills, TX 76182

  • Healthcare properties
  • 7,310 SF
For Lease

Property Details for 8701 Tarrant Pkwy

Year built
2020
Lot size
1.01 AC
Property size (Sq ft)
7,310 SF
Property type
Healthcare properties
Property subtype
Medical offices
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.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • 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
8701 Tarrant Pkwy, North Richland Hills, Texas

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

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$38,992
$525,408
$1,350,969
$1,876,377
-
$525,408
$1,350,969
$1,876,377

FAQs

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