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    Freestanding Brick Office Building Title is generated by Realmo AI

    1501 Southeast Parkway, Azle, TX 76020

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    For Sale
    $279,000

    Freestanding brick office with onsite parking, reception, conference room, and eight private offices.

    Type:Commercial
    Added:
    Jun 3, 2026
    Days on Market:
    3
    Last Refresh:
    Jun 5 at 2:26 am

    Property Features for 1501 Southeast Parkway

    General Information

    Standard status
    Active
    Property subtype
    Commercial

    Building Details

    Year Built
    1976

    We can help!

    Listing Contact
    Terri Christian

    Listing agent Terri Christian License #0332576

    Listing office Keller Williams Fort Worth

    Listing date Jun 3, 2026

    Source Signaturere

    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 Keller Williams Fort Worth

    HighLights

    • Freestanding brick office building built in 1976
    • Onsite parking in the front and on the side
    • Includes reception area, conference room, and 8 private offices
    • Two half baths—one near reception and one at the back of the building
    • City water and sewer; all‑electric building utilities
    • Exterior side door plus interior storage and multiple storage closets

    Overview

    This freestanding brick office building is designed for straightforward professional use, with a reception area, a conference room, and eight private offices. The entry layout includes a large office to the left and the conference room to the right. Two half baths are provided, including one near the reception area and another at the back of the building. Additional built-in conveniences include sink and cabinets, a mini fridge storage space, and multiple interior storage closets, including two in the main hall and another for coats or boxes. One office has two large storage closets and adjoins the back office, supporting flexible internal storage and workflow. There is also an exterior side door for access, along with interior storage. Utilities noted include city water and sewer, all electric service.

    The property offers parking in the front and on the side, supporting tenant and visitor arrival. It is a standalone building setting rather than a multi-tenant arrangement.

    For buyers seeking an owner-occupant or small office setup, the combination of reception, multiple private offices, and a dedicated conference room supports professional services and team-based operations. The included storage and utility setup also helps reduce the need for separate offsite storage or additional utility conversions.
    Location Intelligence

    Current Use by Public Records

    Mauerhan & Associates, P.C. Law Firm

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Skin Care Clinic Auto Repair Shop

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

    Location Insight

    • Map
    • Local Demand
    City
    Azle
    County
    Parker
    State
    Texas
    Longitude
    -97.5236413
    Latitude
    32.8692064

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    FAQs

    What type of property is this?
    Office building - Freestanding brick office with onsite parking, reception, conference room, and eight private offices.
    Where is this office building located?
    The property is located at 1501 Southeast Parkway Azle, TX.
    What is the asking price?
    The asking price for this property is $279,000.
    What are key features of this property?
    This property features: Freestanding brick office building built in 1976; Onsite parking in the front and on the side; Includes reception area, conference room, and 8 private offices
    (817) 269-1660
    We can help!
    Listing Contact
    Terri Christian
    Real Estate License ID: 0332576
    Learn More
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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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