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$1,495,000

5060 Davis Blvd, North Richland Hills, TX, 76180

On MarketInfo
CommercialInfo
Beds— Beds
Baths— Bath
Baths7,700 Sq Ft
RetailRetail
Year BuiltBuilt in 1973

Highlights

Interior

Bedrooms —Bedrooms —
Bathrooms —Bathrooms —
FlooringTile

Exterior

Lot Size21,371 sqft

Building Information

Year Built1973

Land Information

APN7440-20
SubdivisionClear View Addition
Land UseCommercial
Legal DescriptionCLEAR VIEW ADDITION BLOCK 20
Census Tract113223
Assessed Land Value$235,092
Assessed Improvement Value$747,428
Assessment Year2025

About this property

This 7,700 sf 100% occupied commercial property at 5040-5064 Davis Blvd presents an exceptional investment opportunity. Featuring two long-term tenants in the medical and retail sectors, the property offers a turnkey income-producing asset. Built in 1973 and renovated in 2015, and in 2022 great visibility on Davis Blvd, a dedicated center turn lane, and prominent exterior signage. Located in a strategic location with convenient access to Loop 820, Highway 183, and Highway 121, the property provides excellent connectivity for tenants and customers. This property is an outstanding opportunity to own a high-performing asset in a growing submarket of Fort Worth. Opportunity to increase rents to Market Rate.

Investor Tools

$562,671Estimated Mortgage Balance
$419,849Estimated Equity
42% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$8,970 /month
Positive
Cash Flow Estimate:
$2,990 /month

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Heather Konopka

Heather S Konopka

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$2,102/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$20,311
$982,520
2025
$235,092
$747,428
$982,520
No

Tax History

Year
Tax Paid
Assessed Value
2024
$20,311
$982,520

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Frost Bank
Purchase Money Mortgage
$606,000
No
First
Jul 15, 2022
N/A

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$562,671
$419,849
42%
57%
$3,634/mo

City: North Richland Hills