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    103-217 Harwood Rd Hurst, TX 76054

    Sponsored
    For Lease
    Contact for pricing

    Hurst, TX retail space available

    Lot size:
    157,954 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    409
    Parkwood Village Shopping Center, located at 103-217 E Harwood Road in Hurst, Texas (zip code 76054), presents a prime retail investment opportunity. This 157,954 square foot center sits on a 7.19-acre lot in Tarrant County and offers multiple tenancy options. Built in 1985, the property currently has 21,427 square feet of vacant space available, with individual suites ranging from a minimum of 965 square feet to a maximum contiguous space of 6,962 square feet. The center enjoys a highly visible location with excellent access to major highways 183, 820, and 26, ensuring high traffic counts and maximum exposure. The property is suitable for a variety of businesses, including retail, restaurants, and service providers. Current tenants include Trek Bicycles and DaVita, indicating a strong and diverse tenant mix within a thriving community. The property's size and location make it an ideal choice for businesses seeking a prominent presence in a densely populated area of Hurst. The minimum divisible space is 965 square feet.

    Property Features for 103-217 Harwood Rd

    General Information

    Property type
    Day care centers
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    157,954 SF

    Building Details

    Year Built
    1985

    Unit(s) available at that property

    Space
    Suite 108
    Size
    1,155 SF
    Space
    Daycare
    Size
    26,922 SF
    Space
    Suite 209
    Size
    4,530 SF
    Space
    Suite 109
    Size
    4,000 SF
    Space
    Suite 110
    Size
    1,400 SF
    Space
    Suite 217
    Size
    6,962 SF
    Space
    Suite 133
    Size
    2,415 SF
    Space
    Suite 135
    Size
    965 SF

    We can help!

    Listing Contact
    Eric Deuillet
    Eric Deuillet

    Learn more

    HighLights

    • Excellent highway access via 183, 820, and 26.
    • Strong tenant roster including DaVita and Trek Bicycles.
    • Flexible suite sizes from 1,155 SF to 26,922 SF available.
    • High‑traffic location with exceptional visibility.
    • Abundant parking for tenants and customers.
    • Located in a high‑growth area with strong demographics.
    Property Profile Location Intelligence

    Current Use by Public Records

    Day care centers

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop

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

    Location Insight

    • Map
    • Local Demand
    City
    Hurst
    County
    Tarrant
    State
    Texas
    Longitude
    -97.1691367
    Latitude
    32.8507069

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    FAQs

    What type of property is this?
    Day care center - Hurst, TX retail space available
    Where is this day care center located?
    The property is located at 103-217 Harwood Rd Hurst, TX.
    What are key features of this property?
    This property features: Excellent highway access via 183, 820, and 26.; Strong tenant roster including DaVita and Trek Bicycles.; Flexible suite sizes from 1,155 SF to 26,922 SF available.
    Request Owner's contact information
    103-217 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
    103-217 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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