Finished Office
New
For Sale
$795,000
409-411 Harwood Rd, Bedford, TX 76021
Move-in-ready office property with custom built-ins, high-speed internet availability, and convenient highway access.
Property Size2,664 SF
Price / SF$298.42
Days on Market1
Property Features for 409-411 Harwood Rd
General Information
Standard status
Active
Size
2,664 SF
Class
A
Property subtype
Office
Additional Details
Highway Access
Yes
Amenities
custom built-ins
high-speed internet available
Building Details
Building Size
2,664 SF
Year Built
2001
Listing Agency:
Silver Oak Commercial Realty
Listed By:
LeAnn Brown · License #Texas #409352
(817) 313-3107
Source:
Silveroakcre
Added: Sep 6
Last Checked: Sep 6 at 2:17PM
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 Silver Oak Commercial Realty
Investment Insights
Based on property information with market context.
This office building provides 2,664 square feet of finished workspace at 409-411 Harwood Rd in Bedford. Constructed in 2001, the property features a modern interior, custom built-ins, and a spacious floor plan suited to a range of office operations. High-speed internet is available, and the building includes ample parking.
The property offers access to Highways 121, 183, and 26, connecting the office location with the surrounding Bedford area. Its existing finish-out and functional layout support immediate office occupancy without the need for substantial interior work.
The property offers access to Highways 121, 183, and 26, connecting the office location with the surrounding Bedford area. Its existing finish-out and functional layout support immediate office occupancy without the need for substantial interior work.
Key Highlights
- 2,664 SF office building constructed in 2001
- Modern interior with custom built‑ins
- High‑speed internet available
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
$46,034
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
5.79%
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%
$920,680
$920.7K
Cap Rate 7%
$657,629
$657.6K
Cap Rate 9%
$511,489
$511.5K
Market Conditions
NOI Build-Up for 2,664 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
$81.8K $30.72/SF
− Vacancy
−$20.5K −$7.68/SF
EGI
$61.4K $23.04/SF
− OpEx
−$15.3K −$5.76/SF
NOI
$46.0K $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%
$920,680
Cap Rate 7%
$657,629
Cap Rate 9%
$511,489
Alternative Uses
Best Use
Office B
$657.6K
$575.4K – $767.2K
NOI $46,034 @ 7.0% cap · market cap 5.79%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$937.1K
$820.0K – $1.09M
NOI $65,598 @ 7.0% cap · market cap 8.25%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
596
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
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office building - Move-in-ready office property with custom built-ins, high-speed internet availability, and convenient highway access.
Where is this office building located?
The property is located at 409-411 Harwood Rd Bedford, TX.
What is the asking price?
The asking price for this property is $795,000.
What are key features of this property?
This property features: 2,664 SF office building constructed in 2001; Modern interior with custom built‑ins; High‑speed internet available
