Three-Office Commercial
For Sale
$599,000
401 Inwood Rd, Azle, TX 76020
Office property with reception space, three private offices, and two bathrooms on a level, tree-covered lot.
Property Size1,980 SF
Price / SF$302.53
Days on Market55
Property Features for 401 Inwood Rd
General Information
Standard status
Active
Size
1,980 SF
Building Details
Year Built
1996
Buildings
1
Listing Agency:
Marsha Hardin Real Estate LLC
Listed By:
Gilda Brawley · License #0397153
(817) 444-5330
Source:
Heritance
Added: Aug 13
Changed: Oct 6
Last Checked: Oct 5 at 10:35PM
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 Marsha Hardin Real Estate LLC
Investment Insights
Based on property information with market context.
This 1,980-square-foot office building, constructed in 1996, includes three offices, two bathrooms, and a reception area. Additional interior space is also noted, providing more than the core office configuration described. The building sits on a level, treed lot at 401 Inwood Road in Azle, Texas 76020.
Key Highlights
- 1,980‑square‑foot office building constructed in 1996
- Three offices and two bathrooms
- Reception area plus additional interior space
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$25,110
Cap Rate
4.19%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$502,200
$502.2K
Cap Rate 7%
$358,714
$358.7K
Cap Rate 9%
$279,000
$279.0K
Market Conditions
NOI Build-Up for 1,980 SF
Gross rent
$43.5K $21.96/SF
− Vacancy
−$10.0K −$5.05/SF
EGI
$33.5K $16.91/SF
− OpEx
−$8.4K −$4.23/SF
NOI
$25.1K $12.68/SF
Area
Parker County, TX
Vacancy
23.00%
Lease Rate
$21.96 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$502,200
Cap Rate 7%
$358,714
Cap Rate 9%
$279,000
Alternative Uses
Best Use
Office B
$358.7K
$313.9K – $418.5K
NOI $25,110 @ 7.0% cap · market cap 4.19%
Second Best
—
—
no second resolved use
Theoretical Best
Industrial
$1.97M
$1.72M – $2.30M
NOI $137,721 @ 7.0% cap · market cap 22.99%
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
720
Businesses Nearby
Explore this area
Business Placement
Demographics for 76020, TX
33,469
Population
13,355
Households
2.5
Avg Household Size
42
Median Age
20%
College-Educated
89%
High-School Grad
64.9 sq mi
ZIP Area
516
Density / Sq Mi
$91,000
Median Household Income
$48,559
Median Earnings
$1,246
Median Rent
$272,800
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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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 - Office property with reception space, three private offices, and two bathrooms on a level, tree-covered lot.
Where is this office building located?
The property is located at 401 Inwood Rd Azle, TX.
What is the asking price?
The asking price for this property is $599,000.
What are key features of this property?
This property features: 1,980‑square‑foot office building constructed in 1996; Three offices and two bathrooms; Reception area plus additional interior space
