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    1237 Southridge Ct Hurst, TX 76053

    For Sale
    $1,295,000

    Hurst, TX Office Investment Opportunity

    Property size:
    13,111 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    365
    This exceptional 13,111 square foot office park in Hurst, Texas, presents a compelling owner-user or add-value investment opportunity. Located at 1237 Southridge Ct, 76053, this single-story, 19-unit building boasts a diverse tenant mix within its 15 leases, currently operating at 66.6% occupancy (projected to be 100% by May 15, 2024). Built in 1985, the property features a mix of office sizes, ranging from smaller executive suites to larger multi-room spaces, all situated on a substantial 34,543-acre lot with ample parking (50 spaces). The property is zoned MU (Mixed Use), offering flexibility for future development. The current Net Operating Income (NOI) is $49,447, with a pro-forma NOI of $108,703, yielding a pro-forma cap rate of 8.39%. The asking price is $1,295,000 ($98.77/sq ft), significantly below replacement cost. Its convenient location off Bedford Euless Rd provides easy access to Hwy 183 and Loop 820, ensuring high visibility and accessibility. The property's strong historical rental income and potential for rental increases and utility recapture present a significant upside for the savvy investor. The fee-simple ownership structure offers complete control and long-term potential. This is a rare opportunity to acquire a well-maintained, income-producing asset in a thriving Mid-Cities location.

    Property Features for 1237 Southridge Ct

    General Information

    Property type
    Office Properties & Spaces
    Square Feet
    13,111 SF
    Class
    C
    Lot Size
    1,504,693,080 SF

    Building Details

    Year Built
    1985
    Buildings
    1
    Stories
    1
    Units
    19

    HighLights

    • Priced significantly below replacement cost.
    • Located in the thriving Mid‑Cities area of Hurst, Texas.
    • 13,111 square foot office building with 19 individual lease spaces.
    • Demonstrates a history of stable rental income.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    TMT Wellness Weight Loss Service IPotter Immigration Law, ... Legal Services Educators Inc. Private ... School District Office TMT Power Pros Pressure Washing Service TMT Advertising Advertising Agency

    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
    -97.1810548
    Latitude
    32.8324805

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    FAQs

    What type of property is this?
    Office Property / Space - Hurst, TX Office Investment Opportunity
    Where is this office property / space located?
    The property is located at 1237 Southridge Ct Hurst, TX.
    What is the asking price?
    The asking price for this property is $1,295,000.
    What are key features of this property?
    This property features: Priced significantly below replacement cost.; Located in the thriving Mid-Cities area of Hurst, Texas.; 13,111 square foot office building with 19 individual lease spaces.
    Request Owner's contact information
    1237 Southridge Ct Hurst, TX 76053
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    Realmo Value Estimation

    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.

    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.

    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
    1237 Southridge Ct Hurst, TX 76053
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