Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    425 Westpark Way Euless, TX 76040

    View on Map
    Claim this Listing
    For Lease
    $395 /Mo

    Office - Euless, TX

    Type:Office
    Lot size:
    0.84 Acres
    Added:
    Aug 5, 2025
    Days on Market:
    260
    Last Refresh:
    Apr 21 at 6:06 pm

    Property Features for 425 Westpark Way

    General Information

    Property type
    Other
    Property subtype
    Office
    Standard status
    Active
    APN
    04853873
    Lot size
    0.84 Acres

    Utilities

    Heating system
    Central, Electric (Heating)
    Cooling system
    Central Air, Electric

    Building Details

    Year built
    1982
    Flooring type
    Tile, Tile - Ceramic, Vinyl
    Building materials
    Brick
    Roof type
    Shingle
    Architectural style
    Other

    We can help!

    Listing Contact
    Paul Allen

    Listing agent Paul Allen License #0662225

    Listing office Keller Williams Realty 2106 E State Hwy 114, Ste 101, Southlake, TX

    Listing date Aug 5, 2025

    MLS# 20700796 Listing URL

    Copyright © 2026 North Texas Real Estate Information Systems, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Renovated Medical Office Near Hospital

    This recently renovated medical office building is located off highway-121, a block from the THR Hospital. The property offers contiguous space up to 1,500 square feet with a variety of layouts. The building is situated on a 0.84-acre lot in Euless, Tarrant County, Texas.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Prestige Custom Cabinets ... General Contractor Elpis Healthcare Physician Bilgere Insurance Insurance Agency Universal Diagnostic Laboratories Laboratory

    Suggested Use

    Real Estate Agency Restaurant Law Firm Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Gym & Fitness Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Euless
    County
    Tarrant
    State
    Texas
    Longitude
    -97.119368
    Latitude
    32.832686

    Nearby Similar for Lease

    • Contact for pricing

      Professional Office Space in Euless

      Accessible office space near major highways and DFW amenities.
      905 Heather Drive, Euless, TX 76040
      View Details
    • Contact for pricing

      Euless Retail Space Available Now

      Spacious 3,329 SF commercial building in prime Euless location.
      109 West Midway Drive, Euless, TX 76039
      View Details
    • Contact for pricing

      Professional Office with Warehouse Space

      Accessible office space with private offices and storage-warehouse access.
      905 Heather Dr Ste 200, Euless, TX, 76040-6874
      View Details
    • Contact for pricing

      Former Event Space For Rent

      Former event space in Euless, TX, ready for new tenant.
      101 W Glade Rd, Euless, TX 76039
      View Details
    • Contact for pricing

      Euless Office Space For Rent

      Office suites available for lease in Euless, Texas.
      305 W EULESS BLVD, OAKWOOD, Euless, TX 76040
      View Details
    • $6/mo

      Retail Space in Euless, TX

      Retail space available for lease in Euless, Texas.
      305 W Euless Blvd, Euless, TX
      View Details
    • Contact for pricing

      Move-In Ready Euless Office Space

      Move-in ready office space with recent renovations and highway access.
      610 S Industrial Blvd Ste 150, Euless, TX, 76040-5015
      View Details
    • Contact for pricing

      Euless Office Space For Lease

      Well-maintained office space with flexible layouts and ample parking.
      1331 Airport Frwy (1331-1441) | Euless, TX 76040, TX 76040
      View Details
    • Contact for pricing

      Euless Office Space For Rent

      925 SF office space with private entry available for rent.
      910 N Main Street, Euless, TX
      View Details
    • $15/mo

      Euless Office Space Available

      950 square feet of office space for lease.
      301-323 Westpark Way, Euless, TX
      View Details
    • Contact for pricing

      Euless Warehouse with Extensive Parking

      187,920 SF warehouse with ample parking and easy access.
      3850 Tarrant Main Street, Euless, TX, 76040
      View Details
    • $23/mo

      Flex/Office Space Near Airport

      Flex/office space featuring warehouse and office areas, near DFW Airport.
      908 Cresthaven Dr, Euless, TX
      View Details

    FAQs

    What type of property is this?
    Medical Office Space - Recently renovated medical office space near THR Hospital available for lease.
    Where is this medical office space located?
    The property is located at 425 Westpark Way Euless, TX.
    What is the lease rate?
    The lease rate is $395 /Mo.
    What are key features of this property?
    This property features: Prime location off Hwy‑121 and near THR Hospital; Recently renovated medical office building; Contiguous space up to 1,500 sf
    (972) 874-1905
    We can help!
    Listing Contact
    Paul Allen
    Real Estate License ID: 0662225
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!