682-277-4765
5583 Davis Blvd, North Richland Hills, TX for Sale
Medical - FOR SALE
1/25
null | 5.75% Cap Rate

5583 Davis Blvd
North Richland Hills, TX 76180


HIGHLIGHTS

  • This property is located at a lighted intersection.
  • Located along the West side of Davis Blvd. at Emerald Hills Way in North Richland Hills, Texas.
  • Approximately 41,026 vehicles per day
  • 6,200-square-foot office building divided into four suites.
  • New roof installed in 2017, enhancing property durability.
  • Convenient access to NE Loop 820, providing excellent regional connectivity.

OVERVIEW

A promising multi-tenant investment opportunity is available, featuring below-market rents with an average lease maturity of 28 months. Suite 100 is leased by owner thru July 31, 2027 who can continue to lease or vacate if needed. The property at 5583 Davis Blvd. is a 6,200-square-foot general office building located at the signalized intersection of Davis Blvd. and Emerald Hills Way in North Richland Hills, Texas. Positioned just one mile north of NE Loop 820, this highly accessible property offers great visibility and traffic exposure, with approximately 41,026 vehicles per day passing by (2019 data). The building features a parking ratio of 4.2 spaces per 1,000 square feet, providing ample parking for tenants and visitors alike. Divided into four suites, the structure is fully occupied, with the potential for the suites to be combined as needed.

FOR SALE DETAILS

PRICE

Request Info for Price

CAP RATE

5.75%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Bldg I

PROPERTY TYPE

Office

PROPERTY SUBTYPE

Medical

TOTAL BUILDING SIZE

-

STORIES

1

BUILDING CLASS

B

YEAR BUILT

2002

SPRINKLERS

-

PARKING SPACES

29

LAND DETAILS

LAND ACRES

0.74 AC

LAND SF

32,234 SF

ZONING

C2

APN/PARCEL ID

40333299

ASK ABOUT THIS PROPERTY

Don PhiferPhifer & Associates, Inc.More Info
682-277-4765

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Don PhiferPhifer & Associates, Inc.More Info
682-277-4765

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.