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    1600 Airport Fwy Bedford, TX 76022
    Property profile & analytics

    1600 Airport Fwy, Bedford, TX 76022

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    • Office buildings
    • 60,895 SF
    • 2.29 lot acres
    For Lease
    $20 SF/Yr
    View Listing →
    Forest Ridge Office Building For Lease
    $20 SF/Yr

    Forest Ridge Office Building

    Five-story office building with floor-to-ceiling glass windows.

    1600 Airport Freeway, Bedford, TX 76022
    View Listing
    Property ID
    US82-1290383
    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.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • KBKG - Tax Credits, Incentives, Cost Recovery (DFW Office) / Tax Preparation
    • Intertech Design Inc / Structural Engineer
    • Campaign Solutions Texas / Advertising Agency / Marketing & Advertising
    • eTechTronics / Electronics Wholesaler
    • Iscential / Insurance Agency

    Property Details for 1600 Airport Fwy

    Year built
    1984
    Lot size
    2.29 lot acres
    Property type
    Office buildings
    APN
    6305-1-1A
    APU
    630511A

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Dec 30, 2013 — Fr 1600 Bedford LLC Gaedeke Holdings II Ltd Grant Deed —
    — — Fr 1600 Bedford LLC — Loan Modification · related $300k · Post Rail LP

    Description

    Forest Ridge, a five-story, 68,749 square foot office building located at 1600 Airport Freeway in Bedford, Texas (zip code 76022), offers a unique blend of traditional and executive office spaces. Built in 1984, this Tarrant County property boasts floor-to-ceiling windows in every suite, providing abundant natural light. The building features a direct digital HVAC system, allowing tenants six-degree control over their individual climate. Multiple tenancy options are available, with spaces ranging from a minimum of 612 square feet to a maximum contiguous space of 2,678 square feet

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Bedford
    County
    Tarrant
    State
    Texas
    Longitude
    -97.1411
    Latitude
    32.8359
    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
    $117,528
    $2,097,921
    $3,666,932
    $5,764,853
    -
    $2,097,921
    $3,666,932
    $5,764,853

    Comparable in this City

    • Value Estimation by Request
      0.12 Acres

      813 Brown Trl

      OFFICE BUILDING
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      3,645 SF

      1312 Norwood Dr

      OFFICE BUILDING
      1312 Norwood Dr, Bedford, TX 76022-5234
      View Details
    • Value Estimation by Request
      10,756 SF

      813 Brown Trl

      OFFICE BUILDING
      813 Brown Trl, Bedford, TX 76022-7338
      View Details
    • Value Estimation
      $505,000
      15,708 SF

      807 Frst Rdg Dr

      OFFICE BUILDING
      807 Frst Rdg Dr, Bedford, TX 76022-7253
      View Details
    • Value Estimation by Request
      3,213 SF

      1306 Norwood Dr

      OFFICE BUILDING
      1306 Norwood Dr, Bedford, TX 76022-6229
      View Details
    • Value Estimation
      $645,000
      13,868 SF

      1500 Brown Trl

      OFFICE BUILDING
      1500 Brown Trl, Bedford, TX 76022-6409
      View Details

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    Similar Nearby for Lease

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      Forest Ridge Office Building

      Five-story office building with floor-to-ceiling glass windows.
      1600 Airport Fwy, Bedford, TX 76022
      View Details
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      619 SF

      Modern Office Space Available

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      Retail or medical space with ample parking near HEB.
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    View Listing
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    1600 Airport Fwy
    Bedford, TX 76022
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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.

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