Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    1608 Airport Fwy Bedford, TX 76022-6867
    Back to Search
    Property profile & analytics

    1608 Airport Fwy, Bedford, TX 76022-6867

    View on Map
    • Office buildings
    • 6,232 SF
    • 0.83 lot acres
    Off-Market
    Last Sale May 18, 2020
    Property ID
    US82-3300606
    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
    $540,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Todd Smith State Representatve / State Government Office
    • Kyle Coleman - Financial Advisor, Ameriprise Financial Services, LLC / Financial Advisor
    • Keith Church - Associate Financial Advisor, Ameriprise Financial Services, LLC / Financial Advisor
    • Guy Church - Private Wealth Advisor, Ameriprise Financial Services, LLC / Financial Advisor
    • John McDonald - Financial Advisor, Ameriprise Financial Services, LLC / Financial Advisor

    Property Details for 1608 Airport Fwy

    Year built
    2006
    Lot size
    0.83 lot acres
    Property type
    Office buildings
    APN
    6305-1-2R1
    APU
    630512R1

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    May 18, 2020 — Four Church Holdings LLC Airport Freeway Properties LP Grant Deed $860k · National Bk/tx
    Oct 26, 2005 — Airport Freeway Properties — Trustees Deed · related $1M · Summit Bank
    Jan 28, 2004 — Ariport Freeway Properties Wells Fargo Bank Grant Deed $125k · Mercantile Bank Texas
    — — Airport Freeway Properties — Deed Of Trust · related $963k · Compass Bank
    — — Airport Freeway Properties LP — Deed Of Trust · related $600k · Compass Bank

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $395,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $691,000
      Market price range: $216k - $691k

    • Alternative Use

      Use
      Estimation
      OFFICE BUILDING
      $470,000
      Current use
      RESTAURANT
      $680,000
      Change: +44% Conversion: Moderate
      MEDICAL BUILDING
      $550,000
      Change: +17% Conversion: Easy
      RETAIL STORES
      $440,000
      Change: -6% Conversion: Moderate
      AUTO REPAIR, GARAGE
      $440,000
      Change: -7% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Bedford
    County
    Tarrant
    State
    Texas
    Longitude
    -97.1404
    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
    $24,934
    $640,156
    $659,844
    $1,300,000
    -
    $640,156
    $659,844
    $1,300,000

    Comparable in this City

    • Value Estimation by Request
      0.12 Acres

      813 Brown Trl

      OFFICE BUILDING
      813 Brown Trl, Bedford, TX 76022-7338
      View Details
    • Value Estimation by Request
      3,645 SF

      1312 Norwood Dr

      OFFICE BUILDING
      1312 Norwood Dr, Bedford, TX 76022-5234
      View Details
    • Value Estimation
      $2,720,000
      107,416 SF

      2200 Airport Fwy

      OFFICE BUILDING (MULTI-STORY)
      2200 Airport Fwy, Bedford, TX 76022-6062
      View Details
    • Value Estimation
      $2,165,000
      60,895 SF

      1600 Airport Fwy

      OFFICE BUILDING (MULTI-STORY)
      1600 Airport Fwy, Bedford, TX 76022-6850
      View Details
    • Value Estimation by Request
      4,770 SF

      404 Airport Fwy

      OFFICE BUILDING
      404 Airport Fwy, Bedford, TX 76022-6512
      View Details
    • Value Estimation
      $655,000
      18,774 SF

      112 Bedford Rd

      OFFICE BUILDING
      112 Bedford Rd, Bedford, TX 76022-6252
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      Commercial Land on Brown Trail

      Land available for lease or sale near Hwy 183/121.
      1424 Brown Trl, Bedford, TX 76022
      View Details
    • Contact for pricing
      6,800 SF

      Freestanding Restaurant in DFW Metroplex

      Second-generation restaurant with high traffic in the DFW Metroplex.
      1700 Airport Fwy, Bedford, TX 76022
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Forest Ridge Office Building

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

      Modern Office Space Available

      Office space for lease near DFW Airport and Highway 183.
      803 Forest Ridge Dr, Bedford, TX 76022
      View Details
    • Contact for pricing
      3,540 SF

      Retail/Medical Space Near HEB

      Retail or medical space with ample parking near HEB.
      2636 Tibbets Dr, Bedford, TX 76022
      View Details
    • $3,150 /Mo
      15,769 SF

      Renovated Office or Retail Suite

      Move-in ready suite with Class A finishes, multiple rooms, and ample parking in a heavy commercial district.
      508 Bedford Rd, Bedford, TX 76022
      View Details
    • Contact for pricing
      14,727 SF

      Medical Suites and Surgery Center

      Medical suites and ambulatory surgery center available for lease.
      1600 Central Dr, Bedford, TX 76022
      View Details
    • Contact for pricing
      1,458 SF

      Renovated Office Space Available

      Office space with recent renovations and convenient highway access.
      805 Forest Ridge Dr, Bedford, TX 76022
      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.
    1608 Airport Fwy
    Bedford, TX 76022-6867
    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

    Thank You for Inquiry
    1608 Airport Fwy, Bedford, TX, 76022
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!