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Property profile & analytics
OFF-MARKET
Estimated value
$3,675,000
Medical Office Space
1400 Hospital Pkwy Bedford, TX 76022-6927
Individually Owned
1-yr Hold
Absentee Owner
Free & Clear
Property ID
US82-6975247
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
2021
Total area
26,468 SF
Lot
3.15 ac (137,301 SF)
APN
31767-1-1R
UPID
US82-6975247
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
CONNIE JEANETTE HATFIELD Physician
-
Stella A Lisk Physician
-
James Tagle Physician
-
Michael Duran, MD Physician
-
Srinivas Paranandi, MD Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$3.20M
Blend (final)
Blend
$3.68M
Owner & transaction history
John E Neill · 1 yrs held
John E Neill
since 2024
4 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$4.2M
+78.0%
Restaurant
$2.9M
+23.6%
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Bedford submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Bedford submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
MEDICAL BUILDING
$2,340,000
Current use
COMMERCIAL (GENERAL)
$4,160,000
Change: +78% · Conversion: Easy
RESTAURANT
$2,890,000
Change: +24% · Conversion: Difficult
Blend value · Realmo final
$3.68M
Range $3.31M – $4.04M · ±10%
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$139 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$127,812
Tax year 2023
Assessed value
$6,663,815
Assessed 2024
Previous assessed
$6,663,815
+0.0% YoY
Effective rate
1.92%
On assessed value
Assessed land
$1,158,820
Assessed improvement
$5,504,995
Land market value
$1,158,820
Improvement market value
$5,504,995
Total market value
$6,663,815
Applied tax rate
224.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Status
Off-Market
Year built
2021
Heating
NONE
Total area
26,468 SF
Lot
3.15 ac (137,301 SF)
APN
31767-1-1R
UPID
US82-6975247
Jurisdiction
TARRANT
Metro division
FORT WORTH-ARLINGTON, TX METROPOLITAN DIVISION
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
MEDICAL BUILDING Current
Est. value
$2.3M
COMMERCIAL (GENERAL)
Est. value
$4.2M
RESTAURANT
Est. value
$2.9M
MEDICAL BUILDING Current
COMMERCIAL (GENERAL)
RESTAURANT
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
2021
Heating
NONE
Lot
3.15 ac
Current owner
From public records · entity-resolved
John E Neill
Individual
Free & Clear · 1 yrs held
Mailing address
3807 CLEGHORN AVE STE #903, NASHVILLE, TN 37215-2549
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 10, 2024
—
John E Neill
Telesis Consultants LLC
Special Warranty Deed
—
Oct 18, 2021
—
Mmac 300 Bedford Medical Plaza Tx L
Bedford Mp Holdings LLC
Special Warranty Deed
$36,887,500 · Capital One Bank NA
Dec 30, 2020
—
Telesis Consultants LLC
John E Neill
Grant Deed
—
Jul 22, 2020
—
Bedford Mp Holdings LLC
Echergy Investments LLC
Grant Deed
$5,968,374 · Southside Bk
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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