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    109 Harwood Rd Hurst, TX 76054

    Sponsored
    For Lease
    Contact for pricing

    Retail, Office, Medical Space Available

    Lot size:
    36,068 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    409
    Woods Crossing, located at 109-189 W. Harwood Road in Hurst, Texas, presents a unique investment opportunity. This single-story, 36,068 square foot commercial center, built in 1984, sits on a 3.76-acre lot in the heart of the Dallas-Fort Worth Metroplex, offering exceptional visibility and accessibility. The property boasts 17 suites, with multiple tenancy options, and currently has 3,812 square feet of vacant space available, divisible into units ranging from 1,040 to 1,442 contiguous square feet. Its prime location offers easy access to major highways including SH-121, SH-183, I-820, and US-377, placing it just 10 miles from downtown Fort Worth and 25 miles from downtown Dallas. The property benefits from high daily traffic counts exceeding 55,000 vehicles and is surrounded by a thriving mix of national retailers and local businesses, including Walmart, Kroger, Petco, Tiamo Pizza & Pasta, and Whiskey Crusaders. This makes Woods Crossing an ideal location for businesses seeking high-traffic exposure in a densely populated area of Tarrant County, Texas, with ample parking and excellent road frontage. The property is categorized as retail, office, and medical space, providing versatility for a range of potential tenants. The property's location in Hurst, TX, zip code 76054, offers a strong demographic profile and convenient access to essential amenities.

    Property Features for 109 Harwood Rd

    General Information

    Property type
    Restaurants
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    36,068 SF

    Building Details

    Year Built
    1984
    Buildings
    1
    Stories
    1

    Unit(s) available at that property

    Space
    Suite 113
    Size
    1,442 SF
    Space
    Suite 189
    Size
    1,330 SF
    Space
    Suite 151
    Size
    1,040 SF

    We can help!

    Listing Contact
    Eric Deuillet
    Eric Deuillet

    Learn more

    Property Insight Report

    HighLights

    • Versatile space suitable for restaurant, retail, office, or medical use.
    • Excellent central DFW location, 10 miles from Fort Worth and 25 miles from Dallas.
    • High‑traffic location with over 55,000 vehicles per day (2022 data).
    • Easy access to major highways: SH‑121, SH‑183, I‑820, and US‑377.
    • Located near national retailers and restaurants.
    • Strong demographics; $93,000+ median household income within a 3‑mile radius.
    Property Profile Location Intelligence

    Current Use by Public Records

    El Garambullo Mexican ... Mexican Restaurant

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Hurst
    County
    Tarrant
    State
    Texas
    Longitude
    -97.170826782033
    Latitude
    32.849561040245

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    FAQs

    What type of property is this?
    Restaurant - Retail, Office, Medical Space Available
    Where is this restaurant located?
    The property is located at 109 Harwood Rd Hurst, TX.
    What are key features of this property?
    This property features: Versatile space suitable for restaurant, retail, office, or medical use.; Excellent central DFW location, 10 miles from Fort Worth and 25 miles from Dallas.; High-traffic location with over 55,000 vehicles per day (2022 data).
    Request Owner's contact information
    109 Harwood Rd Hurst, TX 76054
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    Hurst, TX 76054
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    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
    109 Harwood Rd Hurst, TX 76054
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    We can help!
    Listing Contact
    Eric Deuillet
    Eric Deuillet
    Real Estate License ID: TX 445221
    Learn more
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