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    Highly Visible Corner Office Building Title is generated by Realmo AI

    428 Harwood Road, Bedford, TX 76021

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    Claim this Listing
    For Sale
    $1,175,000

    SINGLE_FAMILY - Bedford, TX

    Type:Office
    Property size:
    5,876 SF
    Lot size:
    0.55 Acres
    Price / SF:
    $199/SF
    Added:
    Apr 15, 2026
    Days on Market:
    53
    Last Refresh:
    Jun 6 at 4:06 pm

    Property Features for 428 Harwood Road

    General Information

    Property type
    Residential
    Property subtype
    Office
    Parking features
    Oversize
    Standard status
    Active
    APN
    04989325
    Lot size
    0.55 Acres

    Taxes and HOA fees

    Tax Description
    SHADY OAKS EAST ADDITION BLOCK 2 LOT 2R
    Tax Annual Amount
    12515

    Utilities

    Sewer type
    Public Sewer
    Heating system
    Central
    Cooling system
    Central Air
    Water source
    Public

    Building Details

    Year built
    1984
    Floors in Building
    1
    Number of units
    1
    Flooring type
    Carpet
    Building materials
    Brick
    Roof type
    Flat

    We can help!

    Listing Contact
    Zach Napier

    Listing agent Zach Napier License #0737406

    Listing office Chase Realty DFW Fort worth, TX

    Listing date Apr 15, 2026

    MLS# 21238890

    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.

    HighLights

    • +/-5,876 SF office building (year built 1984) with flat roof and brick construction
    • Central heating and central air; flat roof design
    • Flexible layout with no load‑bearing interior walls and ability to reconfigure the floor plan
    • Can be demised into multiple suites/units with front, side, and rear access points
    • Public utilities: public water and public sewer
    • Oversize parking plus designated dumpster areas and dual points of access

    Overview

    428 Harwood Road presents a highly visible office building positioned on a hard corner at Harwood Rd and Northridge Dr. The property includes a flat roof and an interior layout with no load-bearing interior walls, giving significant flexibility to reconfigure the space for different office needs. With front, side, and rear access points, the building can be managed as a single user or easily demised into multiple suites or units, supporting a range of office and commercial occupancies.

    This site is set within the HEB (Hurst-Euless-Bedford) corridor and is described as offering quick access to major regional hubs, including Downtown Fort Worth and DFW Airport. The location is positioned to capture strong daily drive-by traffic. Additional site conveniences include ample parking and designated dumpster areas, designed to support day-to-day operations for tenants and visitors.

    The configuration and access make the building well-suited for tenants seeking practical flexibility, whether they want to occupy the full +/−5,876 SF or split the space into smaller offerings. For buyers, the combination of corner visibility, multi-direction access, and the ability to rework the floor plan can support multiple leasing strategies while maintaining straightforward operational control for office-focused users.

    Local Financial Insights For Office B

    Simulate Cap Rate and NOI

    NOI Build-Up
    Vacancy
    income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
    EGI (Effective Gross Income)
    gross rent minus vacancy losses — the realistic income before paying operating costs.
    OpEx (Operating Expenses)
    recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
    NOI (Net Operating Income)
    income a property generates after operating costs but before financing and taxes.

    Component $ $/SF
    Gross rent $180.5k $30.72
    − Vacancy −$45.1k −$7.68
    EGI $135.4k $23.04
    − OpEx −$33.8k −$5.76
    NOI $101.5k $17.28
    5,876 SF · lease $30.72/SF/yr · vacancy 25.00% · expense 25.00%

    Alternative Uses

    Best Use
    Office B
    $1.45M
    $1.27M – $1.69M (±1% cap)
    NOI $101,537 @ 7.0% cap · market cap 8.64%
    Second Best
    —
    —
    no second resolved use
    Theoretical Best
    Office A
    $2.07M
    $1.81M – $2.41M (±1% cap)
    NOI $144,691 @ 7.0% cap · market cap 12.31%
    Zoning and permitted uses should be independently verified with local authorities.
    Property Profile Location Intelligence

    Current Use by Public Records

    Texas Insurance Group Insurance Agency Mceachern Eric Insurance Agency

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Bedford
    County
    Tarrant
    State
    Texas
    Longitude
    -97.1629489
    Latitude
    32.8522034

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    FAQs

    What type of property is this?
    Office building - Flexible office building on a hard corner with ample parking and multiple access points for convenient tenant and visitor flow.
    Where is this office building located?
    The property is located at 428 Harwood Road Bedford, TX.
    What is the asking price?
    The asking price for this property is $1,175,000.
    What are key features of this property?
    This property features: +/-5,876 SF office building (year built 1984) with flat roof and brick construction; Central heating and central air; flat roof design; Flexible layout with no load‑bearing interior walls and ability to reconfigure the floor plan
    (817) 614-6833
    We can help!
    Listing Contact
    Zach Napier
    Real Estate License ID: 0737406
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    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.

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