Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    1240 Southridge Ct Hurst, TX 76053-4306

    • Office buildings
    • 6,640 SF
    • 0.49 lot acres
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US83-3812104
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Joaquin & Duncan: Joaquin Gina / Law Firm
    • Joaquin & Duncan / Immigration & Naturalization Service
    • Ark Home Health Care / Home Health Care Service
    • Payne and Henderson, CPAs, P.C. / Accounting Firm / Tax Preparation

    Property Details for 1240 Southridge Ct

    Year built
    1982
    Lot size
    0.49 lot acres
    Property size
    6,640 SF
    Property type
    Office buildings
    APN
    34310-1-5
    APU
    3431015

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Hurst
    County
    Tarrant
    State
    Texas
    Longitude
    -97.1804
    Latitude
    32.8331
    CBSA code
    19100
    CBSA name
    DALLAS-FORT WORTH-ARLINGTON, TX METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $8,096
    $112,019
    $301,418
    $413,437
    -
    $112,019
    $301,418
    $413,437

    Comparable in this City

    • Value Estimation
      $905,000
      20,548 SF

      689 Airport Fwy

      OFFICE BUILDING • 20,548 SF
      689 Airport Fwy, Hurst, TX 76053-3944
      View Details
    • Value Estimation by Request
      9,760 SF

      1235 Cavender Dr

      OFFICE BUILDING • 9,760 SF
      1235 Cavender Dr, Hurst, TX 76053-4442
      View Details
    • Value Estimation by Request
      12,600 SF

      227 Loop 820

      OFFICE BUILDING • 12,600 SF
      227 Loop 820, Hurst, TX 76053-7335
      View Details
    • Value Estimation by Request
      4,740 SF

      752 Mary Dr

      OFFICE BUILDING • 4,740 SF
      752 Mary Dr, Hurst, TX 76053-5619
      View Details
    • Value Estimation by Request
      10,602 SF

      1060 Pipeline Rd

      OFFICE BUILDING • 10,602 SF
      1060 Pipeline Rd, Hurst, TX 76053-4732
      View Details
    • Value Estimation by Request
      8,030 SF

      701 Pipeline Rd

      OFFICE BUILDING • 8,030 SF
      701 Pipeline Rd, Hurst, TX 76053-4927
      View Details

    Similar Nearby for Sale

    • $1,295,000
      13,111 SF

      Ridgewood Square Office Park

      Hurst, TX Office Investment Opportunity
      1237 Southridge Ct, Hurst, TX 76053
      View Details
    • $99,500
      0.31 Acres

      Land Near DFW Airport

      Centrally located land parcel near DFW Airport and Bell Helicopter.
      212 E Ellen Ave, Hurst, TX 76053
      View Details
    • Contact for pricing
      25,230 SF

      Retail Property Near Regional Mall

      Retail property with pylon signage and dedicated parking.
      747 Loop 820 NE, Hurst, TX 76053
      View Details
    • $2,900,000

      Land For Sale

      Land available for sale.
      700 Melbourne Rd, Hurst, TX 76053
      View Details
    • $2,900,000
      7.42 Acres

      Hurst Commercial Land - 7.42 Acres

      Prime Hurst location, 7.42 acres, $2.9M
      700 Melbourne Rd, Hurst, TX 76053
      View Details
    • $160,000
      1 SF

      Prime Hurst Retail Opportunity

      High-traffic location, 0.28-acre lot.
      141 Hurst Blvd, Hurst, TX 76053
      View Details

    Similar Nearby for Lease

    • $14 SF/Yr
      3,300 SF

      Hurst Office Building For Lease

      Six-story office building with recent upgrades and on-site management.
      305 Loop 820 NE, Hurst, TX 76053
      View Details
    • $12 SF/Yr
      10,217 SF

      Garden Office Building For Rent

      Single-story garden office building with new paint and carpet.
      1500 Norwood Dr, Hurst, TX 76053
      View Details
    • $13 SF/Yr
      13,646 SF

      Updated Office Building with Suites

      Move-in ready office suites with natural light, ample parking.
      1236 Southridge Ct, Hurst, TX 76053
      View Details
    • Contact for pricing
      200 SF

      Hurst Office Space For Rent

      Office space available for rent in Hurst, Texas.
      1245 Hurstview Dr, Hurst, TX 76053
      View Details
    • $14 SF/Yr
      38,901 SF

      Spectrum Business Building: Hurst, TX Office Space

      Modern Hurst Office Suites, DFW Area
      235 Loop 820, Hurst, TX 76053
      View Details
    • Contact for pricing
      2,100 SF

      Move-in Ready Medical Office Space

      2,100 SF move-in ready medical office space for rent.
      800 Northeast Mall Blvd, Hurst, TX 76053
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    1240 Southridge Ct
    Hurst, TX 76053-4306
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.