Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    The Largest CRE Database in the US with Over 1 Million Listings

    2124 Parkwood Dr Bedford, TX 76021

    Loading data...
    Loading data...
    Loading data...
    For Sale
    $775,000

    Single-story office building, renovated in 2023, ideal for businesses.

    Property size:
    2,894 SF
    Lot size:
    0.37 Acres

    Property Features for 2124 Parkwood Dr

    General Information

    Size
    2,894 SF
    Lot size
    0.37 Acres

    We can help!

    Listing Contact
    Philip Kubat
    Philip Kubat
    Source: Moodyscre

    Listing Agent: Philip Kubat

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

    Learn more

    Property Insight Report

    Overview

    Renovated Office Building For Sale

    This is a single-story, Class B office building constructed in 1998 and fully renovated in 2023. The property provides 2,894 square feet of space on a 0.37-acre lot. It is suitable for professional services or other small to mid-sized businesses. The property's flexible layout and demisable split-unit potential make it adaptable for a variety of uses.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Hybarger & Associates Business Management Consultant Transworld Business Advisors ... Business To Business Service Transworld Commercial Real ... Commercial Real Estate Agency

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Bedford
    County
    Tarrant
    State
    Texas
    Longitude
    -97.1368901
    Latitude
    32.8407003

    Nearby Similar for Sale

    • $549,000
      0.80 Acres

      Turnkey Veterinary Clinic Opportunity

      Well-maintained veterinary clinic in a high-traffic Bedford location.
      2500 Harwood Rd, Bedford, TX 76021
      View Details
    • $629,000
      0.37 Acres

      Bedford Commercial Building on Harwood

      Stand-alone brick building suitable for various professional services.
      2606 Harwood Rd, Bedford, TX 76021
      View Details
    • $535,000
      0.34 Acres

      Commercial Property in Mid-Cities Area

      Commercial property with leasing potential in a convenient location.
      1901 Bedford Rd, Bedford, TX 76021
      View Details
    • $1,378,000
      5,627 SF

      Two-Story Office Building Near Highway

      Two-story office building with highway access and recent renovations.
      1812 Cindy Ln, Bedford, TX 76021
      View Details
    • $310,000
      1,216 SF

      Charming Bedford Home in HEB

      2-bedroom home in Bedford, HEB ISD, convenient location.
      2202 Sandshell St, Bedford, TX 76021
      View Details
    • Contact for pricing
      2,592 SF

      Office Space Near Highway 183

      Office space featuring private offices, conference room, and parking.
      2128 Parkwood Dr, Bedford, TX 76021
      View Details
    • Contact for pricing
      6,800 SF

      Freestanding Restaurant in DFW Metroplex

      Second-generation restaurant with high traffic in the DFW Metroplex.
      1700 Airport Fwy, Bedford, TX 76022
      View Details
    • Contact for pricing
      1,520 SF

      Medical Office Building For Sale

      1,520 SF medical office with 5 operatories, Bedford, TX.
      2700 Brown Trl, Bedford, TX 76021
      View Details
    • Contact for pricing
      4,055 SF

      Bedford Office Space For Sale

      Office space with green space, abundant parking, and highway access.
      1924 Forest Ridge Dr, Bedford, TX 76021
      View Details
    • Contact for pricing
      11,000 SF

      Retail Property with Highway Frontage

      Retail space with secure storage and highway frontage.
      1805 Reliance Pkwy, Bedford, TX 76021
      View Details
    • $1,500,000
      5,777 SF

      Bedford Office Building For Sale

      5,777 SF office building located in Bedford, Texas.
      2324 Cheek Sparger Rd, Bedford, TX 76021
      View Details
    • $650,000
      1.25 Acres

      Prime Bedford Commercial Land

      1.25-Acre Corner Lot, High Visibility
      3708 Harwood Rd, Bedford, TX 76021
      View Details

    FAQs

    What type of property is this?
    Office building - Single-story office building, renovated in 2023, ideal for businesses.
    Where is this office building located?
    The property is located at 2124 Parkwood Dr Bedford, TX.
    What is the asking price?
    The asking price for this property is $775,000.
    What are key features of this property?
    This property features: - Fully renovated in 2023.; - 2,894 square feet of office space.; - Flexible layout adaptable for a variety of uses.
    (303) 981-1936
    Request Owner's contact information
    2124 Parkwood Dr Bedford, TX 76021
    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.
    2124 Parkwood Dr
    Bedford, TX 76021
    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
    2124 Parkwood Dr Bedford, TX 76021
    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
    Philip Kubat
    Philip Kubat
    (303) 981-1936
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.