Two-Suite Office
New
For Sale
$680,000
1901 Bedford Road, Bedford, TX 76021
Corner office property with separate building systems, rear loading access, and recently refreshed carpet in both suites.
Property Size1,889 SF
Days on Market6
Property Features for 1901 Bedford Road
General Information
Standard status
Active
Size
1,889 SF
Property subtype
Office
Taxes and HOA fees
Annual Taxes
$3,236
Building Details
Building Size
1,889 SF
Year Built
1957
Listing Agency:
Keller Williams Realty
Listed By:
Kenneth Thayer · License #0466389
(817) 329-8850
Source:
Baerealty
Added: Sep 22
Changed: Sep 23
Last Checked: Sep 26 at 12:29PM
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.
This two-sided office building offers separate spaces with aluminum and glass entries, primarily masonry interior walls, carpeted office areas, and a wood-paneled office in the A side. Each side has its own air-conditioning system, natural gas heat, gas and electric meters, rear steel door, and access to a truck dock spanning most of the building. Both sides were re-carpeted in 2024.
The property occupies a corner lot with approximately 112 feet of frontage along Bedford Road and approximately 115 feet along Pine Ridge Drive. An asphalt drive surrounds the building and provides access to the rear dock, while a precast concrete barrier wall separates the site from residential lots behind it. The brick masonry exterior includes an aluminum storefront.
Built in 1957, the building has a metal-pan roof structure on triangular metal trusses, with a built-up roof overlay and acrylic membrane installed over insulation in March 2023 under a 15-year warranty. The property is located blocks from Airport Freeway, with access to Dallas, Fort Worth, Arlington, and Dallas Fort Worth International Airport.
The property occupies a corner lot with approximately 112 feet of frontage along Bedford Road and approximately 115 feet along Pine Ridge Drive. An asphalt drive surrounds the building and provides access to the rear dock, while a precast concrete barrier wall separates the site from residential lots behind it. The brick masonry exterior includes an aluminum storefront.
Built in 1957, the building has a metal-pan roof structure on triangular metal trusses, with a built-up roof overlay and acrylic membrane installed over insulation in March 2023 under a 15-year warranty. The property is located blocks from Airport Freeway, with access to Dallas, Fort Worth, Arlington, and Dallas Fort Worth International Airport.
Key Highlights
- Two‑sided office building with separate rental spaces
- Approximately 112 feet of frontage on Bedford Road and 115 feet on Pine Ridge Drive
- Rear truck dock spans most of the building width
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
—
—
no second resolved use
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
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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
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Market
Vacancy Rate% for Office in South region
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Frequently Asked Questions
What type of property is this?
Office building - Corner office property with separate building systems, rear loading access, and recently refreshed carpet in both suites.
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‑sided office building with separate rental spaces; Approximately 112 feet of frontage on Bedford Road and 115 feet on Pine Ridge Drive; Rear truck dock spans most of the building width
