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    1701 Airport Fwy Bedford, TX 76021-5731
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    Property profile & analytics

    1701 Airport Fwy Bedford, TX 76021-5731

    View on Map
    • Strip malls
    • 40,380 SF
    • 3.97 lot acres
    Off-Market
    Last Sale Jul 12, 2021
    Property ID
    US82-4846778
    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
    $1,280,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Strip malls

    Property Details for 1701 Airport Fwy

    Year built
    1984
    Lot size
    3.97 lot acres
    Property size
    40,380 SF
    Property type
    Strip malls
    Property subtype
    Shopping centers
    APN
    30903-1-1A
    APU
    3090311A

    Description

    Central Square offers exceptional retail opportunities in a prime location. This multi-tenant property boasts a total of 46,440 square feet, with 5,720 square feet currently vacant. Spaces range from a minimum of 1,800 square feet to a maximum contiguous space of 1,960 square feet, providing flexibility for various retail concepts. Two spaces are immediately available, each offering significant potential. The property benefits from high visibility due to its location on Highway 121, experiencing over 200,000 vehicles per day, and proximity to Highway 183. This strategic location places the property just 11 minutes from Dallas Fort Worth International Airport, ensuring convenient access for both local and regional customers. Under new ownership and management, Central Square is undergoing exciting updates and improvements. Attractive incentives are available for new tenants, including free rent and a tenant improvement allowance (TIA), making this an exceptional opportunity to establish or expand your retail business in a thriving market. The property is ideally suited for businesses seeking high traffic counts and convenient access to a major transportation hub.

    Value Estimations

    based on Realmo’s proprietary methodology

    • Alternative Use

      Use
      Estimation
      NEIGHBORHOOD: SHOPPING CENTER
      $1,610,000
      Current use
      WAREHOUSE, STORAGE
      $1,490,000
      Change: -7% Conversion: Difficult
      RETAIL STORES
      $1,450,000
      Change: -10% Conversion: Easy

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

    Location Insight

    • Map
    • Local Demand
    City
    Bedford
    County
    Tarrant
    State
    Texas
    Longitude
    -97.1391
    Latitude
    32.8378
    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
    $103,668
    $2,073,312
    $3,717,309
    $5,790,621
    -
    $2,073,312
    $3,717,309
    $5,790,621

    Comparable in this City

    • Value Estimation
      $1,170,000
      41,222 SF

      3508 Harwood Rd

      SHOPPING CENTER, STRIP CENTER • 41,222 SF
      3508 Harwood Rd, Bedford, TX 76021-4026
      View Details
    • Value Estimation
      $625,000
      10,875 SF

      4105 Hwy 121

      SHOPPING CENTER, STRIP CENTER • 10,875 SF
      4105 Hwy 121, Bedford, TX 76021-3039
      View Details
    • Value Estimation by Request
      8,030 SF

      3225 Harwood Rd

      SHOPPING CENTER, STRIP CENTER • 8,030 SF
      3225 Harwood Rd, Bedford, TX 76021-3925
      View Details
    • Value Estimation by Request
      6,090 SF

      501 Industrial Blvd

      SHOPPING CENTER, STRIP CENTER • 6,090 SF
      501 Industrial Blvd, Bedford, TX 76021-6198
      View Details
    • Value Estimation by Request
      4,800 SF

      2901 Martin Dr

      SHOPPING CENTER, STRIP CENTER • 4,800 SF
      2901 Martin Dr, Bedford, TX 76021-3839
      View Details
    • Value Estimation
      $1,725,000
      84,092 SF

      605 Harwood Rd

      SHOPPING CENTER, STRIP CENTER • 84,092 SF
      605 Harwood Rd, Bedford, TX 76021-4214
      View Details

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    • $530,000
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      Turnkey Veterinary Clinic Opportunity

      Well-maintained, fully equipped veterinary clinic in a high-traffic area.
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    Similar Nearby for Lease

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      Retail space with high visibility and ample parking.
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      1,200 SF

      Retail Space in Bedford, Texas

      Retail space available in established Bedford shopping center.
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      Retail Center on Harwood Road

      Retail center with highway exposure and planned renovations.
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      2,064 SF

      Retail Space in Bedford, Texas

      Retail space available in a 126,052 SF shopping center.
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      View Details
    • Contact for pricing

      Retail Space on Highway 121

      32,717 SF shopping center with high traffic count.
      2900 Highway 121, Bedford, TX 76021
      View Details
    • Contact for pricing
      20,000 SF

      Former Dealership with Service Bays

      High-traffic location with freeway exposure and service bays.
      3737 Airport Fwy, Bedford, TX 76021
      View Details
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    Bedford, TX 76021-5731
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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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