Standalone Veterinary Clinic
For Sale
$500,000
2500 Harwood Road, Bedford, TX 76021
Turnkey small animal clinic with exam, grooming, boarding, surgical suite, and a drive-through drop-off window.
Property Size2,397 SF
Lot Size0.80 Acres
Price / SF$208.59
Days on Market45
Property Features for 2500 Harwood Road
General Information
Standard status
Active
Size
2,397 SF
Lot size
0.80 Acres
Property subtype
Office
Taxes and HOA fees
Annual Taxes
$9,027
Amenities
grooming area
boarding area
surgical suite
drive-through drop-off window
Building Details
Building Size
2,397 SF
Year Built
1992
Listing Agency:
31 Realty, LLC
Listed By:
Xu Shen · License #0722073
(972) 517-6908
Source:
Nilesrealtygroup
Added: Jul 25
Changed: Aug 31
Last Checked: Sep 6 at 11:48AM
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 31 Realty, LLC
Investment Insights
Based on property information with market context.
This well maintained, standalone veterinary clinic is set up for a small animal practice and is being offered turnkey, with veterinary and clinic equipment included. The interior layout is designed for day-to-day operations, featuring multiple exam rooms, grooming and boarding areas, a surgical suite, and supporting spaces.
The property includes a unique drive-through drop-off window for client convenience and is positioned on nearly 0.8 acres, with visibility and accessibility called out in the remarks.
In addition to its veterinary clinic buildout, the offering is described as having flexible zoning suitable for a variety of medical or professional office uses, providing options for an owner-operator or a conversion scenario.
The property includes a unique drive-through drop-off window for client convenience and is positioned on nearly 0.8 acres, with visibility and accessibility called out in the remarks.
In addition to its veterinary clinic buildout, the offering is described as having flexible zoning suitable for a variety of medical or professional office uses, providing options for an owner-operator or a conversion scenario.
Key Highlights
- 1992‑built, standalone small animal veterinary clinic with approximately 2,397 SF on nearly 0.8 acres
- Fully equipped and ready for immediate operation; all veterinary and clinic equipment included
- Purpose‑built interior with exam rooms, grooming and boarding areas, and a surgical suite
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$41,075
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
8.22%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$821,500
$821.5K
Cap Rate 7%
$586,786
$586.8K
Cap Rate 9%
$456,389
$456.4K
Market Conditions
NOI Build-Up for 2,397 SF
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.
Gross rent
$80.5K $33.60/SF
− Vacancy
−$12.1K −$5.04/SF
EGI
$68.5K $28.56/SF
− OpEx
−$27.4K −$11.42/SF
NOI
$41.1K $17.14/SF
Area
Tarrant County, TX
Vacancy
15.00%
Lease Rate
$33.60 /SF/Yr
Expense Ratio
40.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$821,500
Cap Rate 7%
$586,786
Cap Rate 9%
$456,389
Alternative Uses
Best Use
Healthcare Medical
$586.8K
$513.4K – $684.6K
NOI $41,075 @ 7.0% cap · market cap 8.22%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$843.2K
$737.8K – $983.7K
NOI $59,024 @ 7.0% cap · market cap 11.80%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
833
Businesses Nearby
Explore this area
Business Placement
Demographics for 76021, TX
35,265
Population
15,410
Households
2.3
Avg Household Size
42
Median Age
45%
College-Educated
94%
High-School Grad
7.3 sq mi
ZIP Area
4,831
Density / Sq Mi
$84,745
Median Household Income
$48,368
Median Earnings
$1,432
Median Rent
$349,800
Median Home Value
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Medical center - Turnkey small animal clinic with exam, grooming, boarding, surgical suite, and a drive-through drop-off window.
Where is this medical center located?
The property is located at 2500 Harwood Road Bedford, TX.
What is the asking price?
The asking price for this property is $500,000.
What are key features of this property?
This property features: 1992‑built, standalone small animal veterinary clinic with approximately 2,397 SF on nearly 0.8 acres; Fully equipped and ready for immediate operation; all veterinary and clinic equipment included; Purpose‑built interior with exam rooms, grooming and boarding areas, and a surgical suite
