Building Details

Year Built 1988

Buildings 1

Tenancy Multi

Listing Agency: NAI Robert Lynn Dallas

Listed By: Tommy Tran · License #TX 736721 Show Phone

Source: Crexi

Added: Nov 8, 2024 Changed: Aug 8 Last Checked: Jul 26 at 4:40AM

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Investment Insights

Based on property information with market context.

Key Highlights

• Retail Property
• 2,400 SqFt
• Year Built: 1988

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$39,836

Cap Rate

3.79%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$796,720 $796.7K

Cap Rate 7%

$569,086 $569.1K

Cap Rate 9%

$442,622 $442.6K

Market Conditions

NOI Build-Up for 2,400 SF

Gross rent

$59.9K $24.96/SF

− Vacancy

−$3.0K −$1.25/SF

EGI

$56.9K $23.71/SF

− OpEx

−$17.1K −$7.11/SF

NOI

$39.8K $16.60/SF

Area

Tarrant County, TX

Vacancy

5.00%

Lease Rate

$24.96 /SF/Yr

Expense Ratio

30.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$796,720

Cap Rate 7%

$569,086

Cap Rate 9%

$442,622

Alternative Uses

Best Use

Retail

$569.1K

$498.0K – $663.9K (±1% cap)

NOI $39,836 @ 7.0% cap · market cap 3.79%

Second Best

—

—

no second resolved use

Theoretical Best

Office A

$844.3K

$738.7K – $985.0K (±1% cap)

NOI $59,098 @ 7.0% cap · market cap 5.63%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

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Current Use

Seramont Apartment Building Ramen Joy Restaurant

Suggested Use

Top Pick Real Estate Agency Law Firm Kitchen & Bath Showroom (Bike/Boat/Book/etc) Store Carpet & Flooring Store Acupuncture

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

621

Businesses Nearby

158k

Monthly Visits Nearby

Explore this area Business Placement

Foot Traffic Nearby

Dining 73% Shops & Services 24% Home Improvements & Furnishings 1% Beauty & Spa 1%

Texas Roadhouse Dining

40,248 visits/mo 0.2 miles

McDonald's Dining

32,756 visits/mo 0.2 miles

Murphy USA Shops & Services

21,612 visits/mo 0.1 miles

Taco Bell Dining

13,245 visits/mo 0.2 miles

Jack in the Box Dining

9,855 visits/mo 0.2 miles

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 Retail in South region

7% 2020

6.2% 2021

5.1% 2022

4.8% 2023

4.9% 2024

5.4% 2025

Questions? Ask Rey

Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.

What type of property is this? Where is this retail space located? What is the asking price? Find similar properties What are key features of this property?

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Frequently Asked Questions

Where is this retail space located?

The property is located at 2500 Hwy. 121 Bedford, TX.

What is the asking price?

The asking price for this property is $1,050,000.

What are key features of this property?

This property features: Retail Property; 2,400 SqFt; Year Built: 1988