Versatile Office Building on Corner
428 Harwood Road Bedford, TX 76021
For Sale
$1,175,000
Highly visible office building with flexible space and ample parking.
Property Size5,876 SF
Price / SF$199.97
Days on Market96
Property Features for 428 Harwood Road
General Information
- Standard status
- Active
- Size
- 5,876 SF
- Property subtype
- Commercial
Building Details
- Year Built
- 1984
Listing Agency:
Chase Realty DFW
(817) 915-6438
Listed By:
Zach Napier
(817) 915-6438
Source:
Signaturere
Added: Apr 22
Changed: Jul 10
Last Checked: Jul 26 at 5:44AM
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 Chase Realty DFW
Investment Insights
Based on property information with market context.
The property at 428 Harwood Rd presents a unique opportunity, prominently situated on the corner of Harwood Rd and Northridge Dr. This location benefits from significant daily traffic, making it suitable for various office or commercial purposes. The existing office building encompasses approximately 5,876 square feet and offers versatility for dividing into multiple suites or units, facilitated by access points at the front, side, and rear. The structure features a flat roof design and lacks load-bearing interior walls, providing flexibility to reconfigure the space, whether to create an open floor plan or add offices. The property includes ample parking, designated dumpster areas, and dual access points. Located within the HEB (Hurst–Euless–Bedford) corridor, the site provides convenient access to Downtown Fort Worth and DFW Airport, positioning it within an active submarket of the DFW Metroplex.
Key Highlights
- Highly visible corner lot location at Harwood Rd and Northridge Dr with strong daily traffic.
- Versatile ±5,876 SF office building easily divisible into multiple suites with front, side, and rear access.
- Strategic location in the HEB corridor with quick access to Downtown Fort Worth and DFW Airport.
Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $180.5k | $30.72 |
| − Vacancy | −$45.1k | −$7.68 |
| EGI | $135.4k | $23.04 |
| − OpEx | −$33.8k | −$5.76 |
| NOI | $101.5k | $17.28 |
5,876 SF · lease $30.72/SF/yr · vacancy 25.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$1.45M
$1.27M – $1.69M
NOI $101,537 @ 7.0% cap · market cap 8.64%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.07M
$1.81M – $2.41M
NOI $144,691 @ 7.0% cap · market cap 12.31%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Texas Insurance Group
Insurance Agency
Mceachern Eric
Insurance Agency
FAQs
What type of property is this?
Office building - Highly visible office building with flexible space and ample parking.
Where is this office building located?
The property is located at 428 Harwood Road Bedford, TX.
What is the asking price?
The asking price for this property is $1,175,000.
What are key features of this property?
This property features: Highly visible corner lot location at Harwood Rd and Northridge Dr with strong daily traffic.; Versatile ±5,876 SF office building easily divisible into multiple suites with front, side, and rear access.; Strategic location in the HEB corridor with quick access to Downtown Fort Worth and DFW Airport.
