Medical Office Space with Two
New
For Sale
$699,000
2125 Martin Drive, Bedford, TX 76021
Recently remodeled medical office with flexible suite configuration, dedicated parking, and accessible restroom facilities.
Property Size2,998 SF
Price / SF$233.16
Days on Market5
Property Features for 2125 Martin Drive
General Information
Standard status
Active
Size
2,998 SF
Total Parking Spaces
14
Property subtype
Office
Occupancy
100%
Financials
Cap Rate
6.5%
Gross Income
$60,000
Additional Details
Office Units
1
Building Details
Year Built
2007
Buildings
1
Tenancy
Single
Owner Occupied
No
Listing Agency:
All City
(866) 277-6005
Listed By:
Rene Jensen · License #0720823
(214) 532-6823
Source:
Lonestarluxuryrealty
Added: Aug 15
Changed: Aug 16
Last Checked: Aug 18 at 5:29AM
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 All City
Investment Insights
Based on property information with market context.
This 2,998-square-foot medical office property, built in 2007, is configured with 14 rooms and can operate as one suite or be divided into two. The layout includes three bathrooms, including two handicap-accessible facilities, along with two entrances and two HVAC units. Recent updates include LED lighting, neutral wall finishes, white cabinetry, luxury vinyl plank flooring in common areas, and carpeted offices.
The property provides 13 parking spaces plus one handicap space with a ramp. A long-term tenant has 3 years remaining on the lease, while the current configuration also supports an owner-occupant seeking medical office space. The property is located at 2125 Martin Drive in Bedford, Texas.
The property provides 13 parking spaces plus one handicap space with a ramp. A long-term tenant has 3 years remaining on the lease, while the current configuration also supports an owner-occupant seeking medical office space. The property is located at 2125 Martin Drive in Bedford, Texas.
Key Highlights
- 2,998 SF medical office property built in 2007
- Current layout includes 14 rooms and 3 bathrooms
- Two handicap‑accessible bathrooms and a ramp‑served parking space
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
$51,805
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
7.41%
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%
$1,036,100
$1.0M
Cap Rate 7%
$740,071
$740.1K
Cap Rate 9%
$575,611
$575.6K
Market Conditions
NOI Build-Up for 2,998 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
$92.1K $30.72/SF
− Vacancy
−$23.0K −$7.68/SF
EGI
$69.1K $23.04/SF
− OpEx
−$17.3K −$5.76/SF
NOI
$51.8K $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%
$1,036,100
Cap Rate 7%
$740,071
Cap Rate 9%
$575,611
Alternative Uses
Best Use
Office B
$740.1K
$647.6K – $863.4K
NOI $51,805 @ 7.0% cap · market cap 7.41%
Second Best
Healthcare Medical
$733.9K
$642.2K – $856.2K
NOI $51,374 @ 7.0% cap · market cap 7.35%
Theoretical Best
Office A
$1.05M
$922.8K – $1.23M
NOI $73,823 @ 7.0% cap · market cap 10.56%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
1
Office units
100%
Occupancy
Single-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
301
Businesses Nearby
Under-served
Demand for This Use
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
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- Bedford Meadows Animal Clinic — 2209 Harwood Rd, Bedford, TX 76021
- Petco Vaccination Clinic — 2121 Harwood Rd, Bedford, TX 76021
- Neely Austin T DVM — 3000 State Hwy 121, Bedford, TX 76021
- VCA Advanced Care Animal Hospital — 3000 Hwy 121, Bedford, TX 76021
Frequently Asked Questions
What type of property is this?
Medical Office Space - Recently remodeled medical office with flexible suite configuration, dedicated parking, and accessible restroom facilities.
Where is this medical office space located?
The property is located at 2125 Martin Drive Bedford, TX.
What is the asking price?
The asking price for this property is $699,000.
What are key features of this property?
This property features: 2,998 SF medical office property built in 2007; Current layout includes 14 rooms and 3 bathrooms; Two handicap‑accessible bathrooms and a ramp‑served parking space
