Office Building with Truck
For Sale
$680,000
1901 Bedford Road, Bedford, TX 76021
Two separate spaces offer dedicated HVAC, utility metering, rear dock access, and flexible occupancy options.
Property Size1,889 SF
Days on Market10
Property Features for 1901 Bedford Road
General Information
Standard status
Active
Size
1,889 SF
Property subtype
Commercial
Zoning
H - heavy Commercial
Building Details
Building Size
1,889 SF
Year Built
1957
Units
2
Listing Agency:
Keller Williams Realty
(972) 979-4194
Listed By:
Kenneth Thayer · License #0466389
(972) 979-4194
Source:
Vickiesteam
Added: Aug 13
Changed: Aug 21
Last Checked: Aug 21 at 1:28PM
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 Realty
Investment Insights
Based on property information with market context.
Built in 1957, this office building contains two separate spaces with brick masonry construction, aluminum storefronts, and individual aluminum-and-glass entry doors. Each side includes office areas, a rear steel door, dedicated air-conditioning and natural-gas heating systems, and separate gas and electric meters. The interiors feature carpeted offices, with one side also including a wood-paneled office. A truck dock spans most of the building’s rear width, and an asphalt drive provides circulation around the structure.
The corner site provides approximately 112 feet of frontage along Bedford Road and approximately 115 feet along Pine Ridge Drive. It is located a short distance from Airport Freeway, with access toward Dallas, Fort Worth, Arlington, and Dallas Fort Worth International Airport. A precast concrete barrier wall separates the property from residential lots behind the site.
The roof assembly includes metal pan construction on triangular metal trusses, with a built-up roof overlay and acrylic membrane installed over insulation in March 2023. The roof carries a 15-year warranty. The property is zoned H - heavy Commercial.
The corner site provides approximately 112 feet of frontage along Bedford Road and approximately 115 feet along Pine Ridge Drive. It is located a short distance from Airport Freeway, with access toward Dallas, Fort Worth, Arlington, and Dallas Fort Worth International Airport. A precast concrete barrier wall separates the property from residential lots behind the site.
The roof assembly includes metal pan construction on triangular metal trusses, with a built-up roof overlay and acrylic membrane installed over insulation in March 2023. The roof carries a 15-year warranty. The property is zoned H - heavy Commercial.
Key Highlights
- Two separate office spaces with individual HVAC systems and dedicated gas and electric meters
- Approximately 112 feet of Bedford Road frontage and 115 feet along Pine Ridge Drive
- Rear truck dock spans most of the building width, with asphalt drive access around the structure
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
$32,642
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
4.80%
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%
$652,840
$652.8K
Cap Rate 7%
$466,314
$466.3K
Cap Rate 9%
$362,689
$362.7K
Market Conditions
NOI Build-Up for 1,889 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
$58.0K $30.72/SF
− Vacancy
−$14.5K −$7.68/SF
EGI
$43.5K $23.04/SF
− OpEx
−$10.9K −$5.76/SF
NOI
$32.6K $17.28/SF
Area
Tarrant County, TX
Vacancy
25.00%
Lease Rate
$30.72 /SF/Yr
Expense Ratio
25.00%
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%
$652,840
Cap Rate 7%
$466,314
Cap Rate 9%
$362,689
Alternative Uses
Best Use
Office B
$466.3K
$408.0K – $544.0K
NOI $32,642 @ 7.0% cap · market cap 4.80%
Second Best
Flex RnD
$296.4K
$259.3K – $345.8K
NOI $20,746 @ 7.0% cap · market cap 3.05%
Theoretical Best
Office A
$664.5K
$581.4K – $775.3K
NOI $46,515 @ 7.0% cap · market cap 6.84%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,474
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
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office building - Two separate spaces offer dedicated HVAC, utility metering, rear dock access, and flexible occupancy options.
Where is this office building located?
The property is located at 1901 Bedford Road Bedford, TX.
What is the asking price?
The asking price for this property is $680,000.
What are key features of this property?
This property features: Two separate office spaces with individual HVAC systems and dedicated gas and electric meters; Approximately 112 feet of Bedford Road frontage and 115 feet along Pine Ridge Drive; Rear truck dock spans most of the building width, with asphalt drive access around the structure
