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

    2208 Hwy 121 Bedford, TX

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Lease
    Contact for pricing

    Office space for rent in Bedford, TX.

    Type:OFFICE
    Property size:
    12,479 SF
    Lot size:
    9.54 Acres
    Added:
    Oct 28, 2024
    Days on Market:
    547
    Last Refresh:
    Apr 5 at 10:05 pm

    Property Features for 2208 Hwy 121

    General Information

    Standard status
    Active
    Size
    12,479 SF
    Lot size
    9.54 Acres
    Property subtype
    OFFICE

    Spaces For Lease

    at 2208 Hwy 121 Contact us

    We can help!

    Listing Contact
    Chris Taylor
    Chris Taylor

    Listing agent Chris Taylor

    Listing office Cushman & Wakefield | Dallas

    Listing date Oct 28, 2024

    Source Moodyscre

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

    All listing content including descriptions, pricing, images are the copyrighted material of Cushman & Wakefield | Dallas

    Overview

    Bedford Office Space Available

    This office space, constructed in 2000 and 2001, features floor sizes of 57,000 and 70,000 rentable square feet. Situated on an 18.4-acre site, the property offers a parking ratio of up to 8 spaces per 1,000 square feet. The building has a ceiling height of 10 feet. Building 1 includes a 1500 kW generator backup. The property offers 12,479 square feet of space.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Bedford Tree Service ... Landscaping Valence Health Physician Gore Johnny E ... Pediatrician Tower Engineering Professionals Telecommunications Service CGI IT Consulting Firm

    Suggested Use

    Law Firm Restaurant Real Estate Agency Spa & Massage Center Dental Office Hair Salon Nail Salon Food Market Grocery & Convenience Store Gym & Fitness Center

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

    Location Insight

    • Map
    • Local Demand
    City
    Bedford
    County
    Tarrant
    State
    Texas
    Longitude
    -97.1144
    Latitude
    32.8426

    Nearby Similar for Lease

    • $2,500/Mo

      Renovated Commercial Kitchen on Pipeline Road

      Newly renovated commercial kitchen space in Bedford, Texas.
      1401 Pipeline Road E, Bedford, TX 76022
      View Details
    • $3,150/Mo

      Renovated Commercial Space in Bedford

      Move-in ready office/retail space with Class A finishes.
      508 Bedford Road, Bedford, TX 76022
      View Details
    • $7,750/Mo

      Bedford Office Space For Lease

      Second-floor office space in Bedford, suitable for professional or medical use.
      2901 Brown Trail, Bedford, TX 76021
      View Details
    • $2,500/Mo

      Versatile Retail/Office Space in Bedford

      Flexible commercial space suitable for retail, office, or medical use.
      1905 Bedford Road, Bedford, TX 76021
      View Details
    • $3,000/Mo

      Office Space in Bedford, TX

      Class B office space available for lease in February 2026.
      240 Harwood Road, Bedford, TX 76021
      View Details
    • $1,250/Mo

      Stand Alone Bedford Office Building

      Stand-alone 425 SF office building for lease in Bedford.
      2016 Bedford Road, Bedford, TX 76021
      View Details
    • $395/Mo

      Office and Retail Property

      Office and retail property with easy access to the metroplex.
      313 Harwood, Bedford, TX 76021
      View Details
    • Contact for pricing

      TX, Bedford - 1600 Airport Freeway

      1600 Airport Fwy, Bedford, TX 76022
      View Details
    • Sponsored
      Contact for pricing

      TX, Bedford - Airport Freeway

      404 Airport Fwy, Bedford, TX 76022
      View Details
    • $395/Mo

      Office Space on Highway 183

      Office space in a high-visibility Mid Cities business corridor.
      405 Airport Freeway, Bedford, TX 76021
      View Details
    • $12 SF/Yr

      Retail Center Near Airport Freeway

      Retail spaces with high visibility and traffic near Airport Freeway.
      510-524 Bedford Rd, Bedford , TX 76022
      View Details
    • $13 SF/Yr

      Office Space in Bedford, Texas

      Office spaces with excellent visibility and convenient access to amenities.
      803-805 Forest Ridge Dr., Bedford, TX 76022
      View Details

    FAQs

    What type of property is this?
    Office units - Office space for rent in Bedford, TX.
    Where is this office units located?
    The property is located at 2208 Hwy 121 Bedford, TX.
    What is the lease rate?
    The lease rate is $18 SF/Yr.
    What are key features of this property?
    This property features: Up to 8/1000 parking ratio; Situated on an expansive 18.4 acre site; Benefit from large floor plates: 57000 & 70000 RSF
    (214) 289-1773 Call to check price and availability
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Chris Taylor
    Chris Taylor
    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!