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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    1248 Harwood Rd Bedford, TX 76021-4244

    • Office buildings
    • 3,789 SF
    • 0.62 lot acres
    OFF-MARKET
    Last Sale
    Dec 23, 2020
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US83-3331447
    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

    • Columbia State Community College Respiratory Care / Wellness Program
    • Kristi Plunk / Physician
    • Bailey Inman / Physician
    • Bailey Justine Inman / Physician
    • Beyond Therapy and Wellness / Physician

    Property Details for 1248 Harwood Rd

    Year built
    1998
    Lot size
    0.62 lot acres
    Property size
    3,789 SF
    Property type
    Office buildings
    APN
    9345--5
    APU
    93455

    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
    Bedford
    County
    Tarrant
    State
    Texas
    Longitude
    -97.1494
    Latitude
    32.8524
    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
    $9,590
    $136,100
    $444,900
    $581,000
    -
    $136,100
    $444,900
    $581,000

    Comparable in this City

    • Value Estimation
      $680,000
      8,014 SF

      2344 Hwy 121

      OFFICE BUILDING • 8,014 SF
      2344 Hwy 121, Bedford, TX 76021-5986
      View Details
    • Value Estimation
      $5,515,000
      209,000 SF

      1900 L Don Dodson Dr

      OFFICE BUILDING (MULTI-STORY) • 209,000 SF
      1900 L Don Dodson Dr, Bedford, TX 76021-8222
      View Details
    • Value Estimation
      $750,000
      14,468 SF

      1901 Airport Fwy

      OFFICE BUILDING • 14,468 SF
      1901 Airport Fwy, Bedford, TX 76021-5732
      View Details
    • Value Estimation by Request
      5,900 SF

      2928 Blue Quail Ln

      OFFICE BUILDING • 5,900 SF
      2928 Blue Quail Ln, Bedford, TX 76021-4161
      View Details
    • Value Estimation
      $655,000
      8,397 SF

      2247 Central Dr

      OFFICE BUILDING • 8,397 SF
      2247 Central Dr, Bedford, TX 76021-5834
      View Details
    • Value Estimation by Request
      8,614 SF

      1912 Central Dr

      OFFICE BUILDING • 8,614 SF
      1912 Central Dr, Bedford, TX 76021-5894
      View Details

    Similar Nearby for Sale

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      Bedford Office Building For Sale

      5,777 SF office building located in Bedford, Texas.
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    • $1,378,000
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      Commercial Property in Mid-Cities Area

      Commercial property with leasing potential in a convenient location.
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    • $1,200,000
      7,349 SF

      Bedford TX Mixed-Use Investment Opportunity

      7,349 SF Vacant Mixed-Use Building, High Potential
      2520 Harwood Rd, Bedford, TX 76021
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    • $629,000
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      Bedford Commercial Building on Harwood

      Stand-alone brick building suitable for various professional services.
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    • Contact for pricing
      4,055 SF

      Bedford Office Space For Sale

      Office space with green space, abundant parking, and highway access.
      1924 Forest Ridge Dr, Bedford, TX 76021
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    Similar Nearby for Lease

    • $13 SF/Yr
      25,130 SF

      Office Space Near DFW Airport

      Office building with excellent access to highways and DFW Airport.
      3901 Airport Fwy, Bedford, TX 76021
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    • $14 SF/Yr
      25,130 SF

      Prime Office Space Near Airport

      Office building with excellent access to major highways and amenities.
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    • $395 /Mo
      45,302 SF

      Office and Retail Property

      Office and retail property with easy access to the metroplex.
      313 Harwood Rd, Bedford, TX 76021
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    • $15 SF/Yr
      4,096 SF

      Modern Office Space Available

      Open office layout with private offices and great visibility.
      315 Harwood Rd, Bedford, TX 76021
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    • $4,740 /Mo
      9,400 SF

      Airport Fwy Office Suites

      Bedford, TX Office Space Available
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    • $15 SF/Yr
      14,639 SF

      Executive Office Suites Bedford, TX

      Prime Bedford Office Space Available
      1912 Central Dr, Bedford, TX 76021
      View Details
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    1248 Harwood Rd
    Bedford, TX 76021-4244
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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
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