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

    1500 Norwood Dr Hurst, TX 76053

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Lease
    $12 SF/Yr

    Single-story garden office building with new paint and carpet.

    We can help!

    Listing Contact
    Clint Montgomery, Cpm, Rpa
    Source: Svntrinity

    Listing Agent: Clint Montgomery, Cpm, Rpa

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    Garden Office Building For Rent

    This single-story garden office building features new paint and carpet. The property is located at the corner of Airport Freeway and Norwood Drive.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Sisson Medical Products ... Medical Supply Store PrimeLending, A PlainsCapital Company: ... Loan Service Halo Nationwide Insurance Agency Colonial National Mortgage ... Loan Service Linda K. Hurley, ... Medical Clinic

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Hurst
    County
    Tarrant
    State
    Texas
    Longitude
    -97.1672138
    Latitude
    32.8406751

    Nearby Similar for Lease

    • $1,495 /Mo
      75,010 SF

      Hurst Office Space For Rent

      Multi-tenant office property with flexible suite options and competitive pricing.
      301 Loop 820, Hurst, TX 76053
      View Details
    • $2,500 /Mo
      44,910 SF

      Retail Space Near Northeast Mall

      Prime retail space with high visibility and foot traffic.
      1212 Melbourne Rd, Hurst, TX 76053
      View Details
    • $700 /Mo
      13,242 SF

      Hurst Retail Space For Rent

      Ready-to-go beauty salon in high-traffic area, Hurst, Texas.
      117 Melbourne Rd, Hurst, TX 76053
      View Details
    • $2,295 /Mo
      590 SF

      Hurst Office Space with Conference

      Three offices and a conference room available in Hurst, Texas.
      1060 W Pipeline Rd, Hurst, TX 76053
      View Details
    • $2,900 /Mo
      35,719 SF

      Retail Space in Hurst, TX

      1,880 sqft retail space for lease in a shopping center.
      6516 Precinct Line Rd, Hurst, TX 76054
      View Details
    • $18 SF/Yr

      Retail Space in Prime Location

      End-cap retail space in Hurst, TX, near major attractions.
      805 Melbourne Rd, Hurst, TX 76053
      View Details
    • $395 /Mo
      19,998 SF

      Office Space in Growing Area

      Office space in Hurst, TX, with easy metroplex access.
      112 W Pipeline Rd, Hurst, TX 76053
      View Details
    • Contact for pricing

      Hurst TX Industrial/Flex Space

      Spacious warehouse with office space, convenient drive-in doors.
      1507 Central Park Dr, Hurst, TX 76053
      View Details
    • $17 SF/Yr

      Hurst Medical Office Suite

      Move-in ready medical office suite with high visibility.
      6138 Precinct Line Rd, Hurst, TX 76054
      View Details
    • $14 SF/Yr

      Hurst Office and Medical Spaces

      Move-in ready office and medical suites in a convenient location.
      1237 Southridge Ct, Hurst, TX 76053
      View Details
    • $18 SF/Yr

      7040 Precinct Line Rd, Hurst, TX 76054

      Retail space
      7040 Precinct Line Rd, Hurst, TX 76054
      View Details
    • $28 SF/Yr
      1,500 SF

      Retail Space with Drive-Thru

      New retail build with drive-thru, suites available for lease.
      201 E Hurst Blvd, Hurst, TX 76053
      View Details

    FAQs

    What type of property is this?
    Office building - Single-story garden office building with new paint and carpet.
    Where is this office building located?
    The property is located at 1500 Norwood Dr Hurst, TX.
    What is the lease rate?
    The lease rate is $12 SF/Yr.
    What are key features of this property?
    This property features: - Great location at corner of Airport Fwy & Norwood Drive; - Nice single story garden office buildings; - New paint included
    (817) 288-5544
    Request Owner's contact information
    1500 Norwood Dr Hurst, TX 76053
    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.
    1500 Norwood Dr
    Hurst, TX 76053
    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
    1500 Norwood Dr Hurst, TX 76053
    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

    We can help!
    Listing Contact
    Clint Montgomery, Cpm, Rpa
    Real Estate License ID: #187966
    (817) 288-5544
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!