Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Renovated Medical Office Building Title is generated by Realmo AI

    425 Westpark Way, Euless, TX 76040

    View on Map
    Claim this Listing
    For Lease
    $395/Mo $3 SF/Yr (calc)

    COMMERCIAL - Euless, TX

    Type:Office
    Property size:
    1,500 SF
    Lot size:
    0.84 Acres
    Added:
    Mar 18, 2026
    Days on Market:
    78
    Last Refresh:
    Jun 3 at 6:06 pm

    Property Features for 425 Westpark Way

    General Information

    Property type
    Commercial Lease
    Property subtype
    Office
    Standard status
    Active
    APN
    04853873
    Lot size
    0.84 Acres

    Taxes and HOA fees

    Tax Description
    WESTPARK MEDICAL PLAZA ADDN BLOCK 1 LOT 2AR1

    Utilities

    Sewer type
    Public Sewer
    Heating system
    Central, Electric (Heating)
    Cooling system
    Central Air, Electric
    Water source
    Public

    Building Details

    Year built
    1982
    Floors in Building
    1
    Number of units
    5
    Flooring type
    Tile, Vinyl
    Building materials
    Brick
    Roof type
    Shingle

    We can help!

    Listing Contact
    Paul Allen

    Listing agent Paul Allen License #0662225

    Listing office Keller Williams Realty Southlake, TX

    Listing date Mar 18, 2026

    MLS# 20700796

    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.

    HighLights

    • Medical office building with brick construction and shingle roof, built in 1982
    • Recently renovated; ready for immediate use
    • Offers up to 1,500 SF contiguous space with a variety of layouts
    • Public utilities: public water and public sewer
    • Central heating and central air with electric HVAC
    • Interior flooring includes tile and vinyl

    Overview

    This recently renovated medical office building offers ready-to-occupy space with a variety of interior layouts. Suites can be configured for up to 1,500 sf contiguous, giving users flexibility for everything from a compact clinical setting to a larger, consolidated footprint. The property has been updated and is positioned for immediate tenant use.

    Located off Hwy-121 in Euless, the building is just a block from THR Hospital, which supports convenient access for patients and staff. The setting is designed for a professional medical environment, with the efficiency of being near a major healthcare anchor.

    Because the offering supports multiple layout options and contiguous space, this property is well suited for medical tenants that value a straightforward path to occupancy and the ability to right-size their space. It may also appeal to healthcare-affiliated operators looking for a renovated facility near an established hospital presence.
    Property Profile Location Intelligence

    Current Use by Public Records

    Prestige Custom Cabinets ... General Contractor Elpis Healthcare Physician Bilgere Insurance Insurance Agency Universal Diagnostic Laboratories Laboratory

    Suggested Use

    Real Estate Agency Restaurant Law Firm Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Gym & Fitness Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Euless
    County
    Tarrant
    State
    Texas
    Longitude
    -97.119368
    Latitude
    32.832686

    Nearby Similar for Lease

    • $1,500/Mo

      Light-Filled Office Suite

      A 1,000 SF suite with three private offices, a reception area, and flexible space supported by maintained common restrooms.
      905 Heather Drive, Euless, TX 76040
      View Details
    • $4,700/Mo
      6,259 SF

      Freestanding Commercial Building with Parking

      Versatile building with ample private parking, formerly a day care center, suitable for education or professional use.
      109 W Midway Drive, Euless, TX 76039
      View Details
    • $2,000/Mo
      1,900 SF

      Professional Office with Warehouse Space

      Accessible office space with private offices and storage-warehouse access.
      905 Heather Dr Ste 200, Euless, TX, 76040-6874
      View Details
    • $1,500/Mo
      1,900 SF

      Professional Office Space in Euless

      Convenient office space with easy access to DFW Metroplex.
      905 Heather Drive #100, Euless, TX 76040
      View Details
    • $4,700/Mo
      6,259 SF

      Versatile Commercial Building in Euless

      3,329 SF commercial building suitable for various business types.
      109 West Midway Drive, Euless, TX 76039
      View Details
    • Contact for pricing
      1,890 SF

      Retail Endcap Space For Rent

      Former Verizon endcap space in a high-traffic retail area.
      2921-2951 State Highway 121, Euless, TX 76039
      View Details
    • $15,000/Mo

      Former Event Space For Rent

      Former event space in Euless, TX, ready for new tenant.
      101 W Glade Rd, Euless, TX 76039
      View Details
    • Contact for pricing
      2,058 SF

      Warehouse with Private Office

      Includes a warehouse bay plus a small office, suited for light industrial or distribution needs.
      1118 S Airport Cir, Euless, TX
      View Details
    • Contact for pricing
      13,860 SF

      Euless Office Space For Rent

      Office suites available for lease in Euless, Texas.
      305 W EULESS BLVD, OAKWOOD, Euless, TX 76040
      View Details
    • $15 SF/Yr
      950 SF

      Euless Office Space Available

      950 square feet of office space for lease.
      301-323 Westpark Way, Euless, TX
      View Details
    • $395/Mo
      150 SF

      Renovated Medical Office Near Hospital

      Recently renovated medical office space near THR Hospital.
      425 Westpark Way #Private Offices, Euless, TX 76040
      View Details
    • $1,850/Mo
      925 SF

      Euless Office Space For Rent

      925 SF office space with private entry available for rent.
      910 N Main Street, Euless, TX
      View Details

    FAQs

    What type of property is this?
    Medical Office Space - Recently renovated medical office space with flexible, contiguous layouts for practices seeking a move-in-ready footprint.
    Where is this medical office space located?
    The property is located at 425 Westpark Way Euless, TX.
    What is the lease rate?
    The lease rate is $395 /Mo.
    What are key features of this property?
    This property features: Medical office building with brick construction and shingle roof, built in 1982; Recently renovated; ready for immediate use; Offers up to 1,500 SF contiguous space with a variety of layouts
    (817) 329-8850
    We can help!
    Listing Contact
    Paul Allen
    Real Estate License ID: 0662225
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    425 Westpark Way, Euless, TX 76040
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!