Standalone Medical Office with
For Sale
$500,000
2500 Harwood Road, Bedford, TX 76021
CommercialSale, Bedford, TX
Property Size2,397 SF
Lot Size0.80 Acres
Price / SF$208.59
Days on Market50
Property Features for 2500 Harwood Road
General Information
Property type
Commercial Sale
Property subtype
Office
Zoning description
C
Parking features
Carport, Assigned
Subdivision
Murphy J R Add
Directions
Please use GPS.
Standard status
Active
APN
01829688
Lot size
0.80 Acres
Taxes and HOA fees
Tax Description
MURPHY, J R ADDITION LOT 21
Tax Annual Amount
9027
Legal Description
MURPHY, J R ADDITION LOT 21
Utilities
Sewer type
Public Sewer
Heating system
Electric (Heating), Central
Cooling system
Central Air, Electric
Water source
Public
Building Details
Year built
1992
Floors in Building
1
Number of units
1
Flooring type
Tile
Building materials
Brick
Roof type
Shingle
Listing Agency:
31 Realty, LLC
(972) 517-6908
Listed By:
Xu Shen · License #0722073
(325) 701-7988
Added: Jul 14
Changed: Aug 21
Last Checked: Sep 1 at 9:06AM
MLS# 21117589
Copyright © 2026 North Texas Real Estate Information Systems, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This standalone medical office property was purpose-built for small-animal clinical operations and includes veterinary and clinic equipment with the sale. The interior provides exam rooms, grooming and boarding areas, a surgical suite, and additional support spaces. A drive-through drop-off window adds a specialized operational feature. Brick construction, tile flooring, central heating and cooling, and electric service are among the documented improvements.
The property is located at 2500 Harwood Road in Bedford, within Tarrant County and the DFW Metroplex. The site contains 0.796 acres and includes carport and assigned parking. Public water and public sewer serve the property. Built in 1992, the building is described as having flexible zoning that may accommodate medical or professional office use.
The property is located at 2500 Harwood Road in Bedford, within Tarrant County and the DFW Metroplex. The site contains 0.796 acres and includes carport and assigned parking. Public water and public sewer serve the property. Built in 1992, the building is described as having flexible zoning that may accommodate medical or professional office use.
Key Highlights
- Purpose‑built small‑animal clinic with veterinary and clinic equipment included
- Exam rooms, grooming and boarding areas, surgical suite, and support spaces
- Drive‑through drop‑off window for clinic operations
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
$41,420
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
8.28%
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%
$828,400
$828.4K
Cap Rate 7%
$591,714
$591.7K
Cap Rate 9%
$460,222
$460.2K
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
$73.6K $30.72/SF
− Vacancy
−$18.4K −$7.68/SF
EGI
$55.2K $23.04/SF
− OpEx
−$13.8K −$5.76/SF
NOI
$41.4K $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%
$828,400
Cap Rate 7%
$591,714
Cap Rate 9%
$460,222
Alternative Uses
Best Use
Office B
$591.7K
$517.8K – $690.3K
NOI $41,420 @ 7.0% cap · market cap 8.28%
Second Best
Healthcare Medical
$586.8K
$513.4K – $684.6K
NOI $41,075 @ 7.0% cap · market cap 8.22%
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
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
- Camp Bedford Pet Resort — 1953 Bedford Rd, Bedford, TX 76021
- Petco Vaccination Clinic — 2121 Harwood Rd, Bedford, TX 76021
- Bedford Meadows Animal Clinic — 2209 Harwood Rd, Bedford, TX 76021
Frequently Asked Questions
What type of property is this?
Medical Office Space - Purpose-built clinic features exam rooms, a surgical suite, grooming and boarding areas, and a drive-through drop-off window.
Where is this medical office space 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: Purpose‑built small‑animal clinic with veterinary and clinic equipment included; Exam rooms, grooming and boarding areas, surgical suite, and support spaces; Drive‑through drop‑off window for clinic operations
