Freestanding Salon
New
For Sale
$1,699,999
450 W Harwood Road, Hurst, TX 76054
PD zoning supports a range of commercial and office uses.
Property Size4,528 SF
Days on Market4
Property Features for 450 W Harwood Road
General Information
Standard status
Active
Size
4,528 SF
Property subtype
Retail
Zoning
PD
Additional Details
Road Access
Yes
Sprinkler System
Yes
Taxes and HOA fees
Annual Taxes
$23,722
Amenities
monument signage
security system
maintained grounds
Building Details
Building Size
4,528 SF
Year Built
2000
Year Renovated
2022
Buildings
1
Tenancy
Single
Listing Agency:
Tina Leigh Realty
Listed By:
Tina Leigh · License #0456165
(972) 824-0631
Source:
Baerealty
Added: Sep 24
Changed: Sep 27
Last Checked: Sep 26 at 1:26PM
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 Tina Leigh Realty
Investment Insights
Based on property information with market context.
Built in 2000 and updated in 2022, this freestanding property is currently operating as a salon. Its interior includes a reception and waiting area, retail section, spacious salon floor, private salon suite, massage and tanning rooms, and flexible office, storage, or breakroom areas. Salon equipment includes 10 styling stations, an 8-station shampoo area, a nail station, and a private pedicure room. Two kitchen areas, laundry facilities, and employee restrooms support daily operations.
The property occupies nearly 1 acre along W Harwood Road between Highway 121 and Grapevine Highway SH 26. PD zoning allows a variety of commercial and office uses. Exterior features include road frontage, monument signage, an open parking lot, a stone exterior, and maintained grounds.
The property occupies nearly 1 acre along W Harwood Road between Highway 121 and Grapevine Highway SH 26. PD zoning allows a variety of commercial and office uses. Exterior features include road frontage, monument signage, an open parking lot, a stone exterior, and maintained grounds.
Key Highlights
- Nearly 1 acre along W Harwood Road between Highway 121 and Grapevine Highway SH 26
- PD zoning for a variety of commercial and office uses
- Built in 2000 and remodeled in 2022
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
$75,158
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
4.42%
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%
$1,503,160
$1.5M
Cap Rate 7%
$1,073,686
$1.1M
Cap Rate 9%
$835,089
$835.1K
Market Conditions
NOI Build-Up for 4,528 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
$113.0K $24.96/SF
− Vacancy
−$5.7K −$1.25/SF
EGI
$107.4K $23.71/SF
− OpEx
−$32.2K −$7.11/SF
NOI
$75.2K $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 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%
$1,503,160
Cap Rate 7%
$1,073,686
Cap Rate 9%
$835,089
Alternative Uses
Best Use
Retail
$1.07M
$939.5K – $1.25M
NOI $75,158 @ 7.0% cap · market cap 4.42%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.59M
$1.39M – $1.86M
NOI $111,497 @ 7.0% cap · market cap 6.56%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
Single-tenant
Tenancy
Yes
Sprinkler system
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
998
Businesses Nearby
183k
Monthly Visits Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Superstores 65%
Shops & Services 22%
Dining 12%
Electronics 1%
Walmart
Superstores
118,169 visits/mo
0.3 miles
Murphy USA
Shops & Services
24,617 visits/mo
0.4 miles
Panera Bread
Dining
14,579 visits/mo
0.4 miles
Chase Bank
Shops & Services
12,769 visits/mo
0.4 miles
Wingstop
Dining
5,184 visits/mo
0.4 miles
Demographics for 76054, TX
12,120
Population
4,702
Households
2.6
Avg Household Size
47
Median Age
48%
College-Educated
95%
High-School Grad
3.8 sq mi
ZIP Area
3,189
Density / Sq Mi
$108,907
Median Household Income
$55,617
Median Earnings
$1,464
Median Rent
$356,000
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in South region
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Frequently Asked Questions
What type of property is this?
Spa & wellness property - PD zoning supports a range of commercial and office uses.
Where is this spa & wellness property located?
The property is located at 450 W Harwood Road Hurst, TX.
What is the asking price?
The asking price for this property is $1,699,999.
What are key features of this property?
This property features: Nearly 1 acre along W Harwood Road between Highway 121 and Grapevine Highway SH 26; PD zoning for a variety of commercial and office uses; Built in 2000 and remodeled in 2022
