This feature is unavailable at the moment.

We apologize, but the feature you are trying to access is currently unavailable. We are aware of this issue and our team is working hard to resolve the matter.

Please check back in a few minutes. We apologize for the inconvenience.

- LoopNet Team

You must register your contact information to view secure information on this listing.
You must register your contact information to view secure information on this listing.

Share This Listing

Please enter a valid email address.

Note: To send this property to multiple individuals, insert a semi-colon between each recipient's email address.

LoopNet has taken a strong stance against the practice of sending unsolicited commercial emails, also known as "spam." Please send these emails only to people you know who would be interested in this property. If someone asks you not to send these emails to them, please comply.

thank you

Your email has been sent!

Bldg I 5583 Davis Blvd

6,200 SF 100% Leased Office Building North Richland Hills, TX 76180 For Sale 5.75% Cap Rate

Investment Highlights

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

Executive Summary

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.

Property Facts

Sale Type
Investment
Property Type
Office
Property Subtype
Medical
Building Size
6,200 SF
Building Class
B
Year Built
2002
Cap Rate
5.75%
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Typical Floor Size
6,200 SF
Building FAR
0.19
Lot Size
0.74 AC
Zoning
C2 - Commercial
Parking
29 Spaces (4.2 Spaces per 1,000 SF Leased)

Space Availability

  • Space
  • Size
  • Space Use
  • Condition
  • Available
  • 1st Fl-Ste 100
  • 1,550 SF
  • Office
  • Full Build-Out
  • Now

This 1,550-square-foot suite within 5583 Davis Blvd. offers an ideal setup for professional or small business operations. Suite 100 is part of a multi-suite general office building, and its layout is designed to accommodate a range of office needs, including open work areas, private offices, or collaborative spaces. Located at a signalized intersection, Suite 100 provides easy accessibility for both employees and clients, with the added advantage of a parking ratio of 4.2 spaces per 1,000 square feet, ensuring ample parking right outside. The suite features a clean, modern office finish out, making it move-in ready for businesses seeking a professional atmosphere in a high-traffic area. Its proximity to NE Loop 820, less than one mile away, offers seamless access to major roads and regional hubs. Suite 100 is part of a fully occupied building, but this available space stands out due to its efficient design and prime location, making it perfect for companies looking to establish or grow their presence in North Richland Hills.

Space Size Space Use Condition Available
1st Fl-Ste 100 1,550 SF Office Full Build-Out Now

1st Fl-Ste 100

Size
1,550 SF
Space Use
Office
Condition
Full Build-Out
Available
Now

1st Fl-Ste 100

Size 1,550 SF
Space Use Office
Condition Full Build-Out
Available Now

This 1,550-square-foot suite within 5583 Davis Blvd. offers an ideal setup for professional or small business operations. Suite 100 is part of a multi-suite general office building, and its layout is designed to accommodate a range of office needs, including open work areas, private offices, or collaborative spaces. Located at a signalized intersection, Suite 100 provides easy accessibility for both employees and clients, with the added advantage of a parking ratio of 4.2 spaces per 1,000 square feet, ensuring ample parking right outside. The suite features a clean, modern office finish out, making it move-in ready for businesses seeking a professional atmosphere in a high-traffic area. Its proximity to NE Loop 820, less than one mile away, offers seamless access to major roads and regional hubs. Suite 100 is part of a fully occupied building, but this available space stands out due to its efficient design and prime location, making it perfect for companies looking to establish or grow their presence in North Richland Hills.

DEMOGRAPHICS

Demographics

1 Mile 1 Mi. 3 Miles 3 Mi. 5 Miles 5 Mi.
1 Mile
3 Mile
5 Mile
2020 Population
15,229
112,569
292,499
2024 Population
16,049
114,190
295,132
Population Growth '20-'24
5.4%
1.4%
0.9%
2020 Households
6,035
44,119
109,332
2024 Households
6,361
44,684
110,221
Household Growth '20-'24
5.4%
1.3%
0.8%
Average Age
39
40
39
Median Household Income
$65,921
$75,081
$78,335
Daytime Employees
3,343
44,750
105,509
Total Businesses
652
6,133
13,242
College Degree + Higher
30%
29%
32%

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
40333299
Land Assessment
$290,079
Improvements Assessment
$649,921
Total Assessment
$940,000
  • Listing ID: 33061521

  • Date on Market: 9/4/2024

  • Last Updated:

  • Address: 5583 Davis Blvd, North Richland Hills, TX 76180

Please Share Your Feedback

We welcome any feedback on how we can improve LoopNet to better serve your needs.
X
{{ getErrorText(feedbackForm.starRating, 'rating') }}
255 character limit ({{ remainingChars() }} characters remainingover)
{{ getErrorText(feedbackForm.msg, 'rating') }}
{{ getErrorText(feedbackForm.fname, 'first name') }}
{{ getErrorText(feedbackForm.lname, 'last name') }}
{{ getErrorText(feedbackForm.phone, 'phone number') }}
{{ getErrorText(feedbackForm.phonex, 'phone extension') }}
{{ getErrorText(feedbackForm.email, 'email address') }}