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Property profile & analytics
FOR LEASE
Office buildings
2208 Highway 121 Bedford, TX 76021
Individually Owned
18-yr Hold
Absentee Owner
Free & Clear
Property ID
US83-3917998
For Lease
1 / 2
$18.75 SF/Yr
2208 Highway 121, Bedford, TX 76021
View Listing →
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING (MULTI-STORY)
Year built
2000
Total area
143,690 SF
Lot
9.53 ac (415,127 SF)
APN
1950-2-2R
UPID
US83-3917998
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
-
Bedford Tree Service Company Landscaping General Contractor
-
Valence Health Physician
-
Gore Johnny E MD Pediatrician Medical Clinic
-
Tower Engineering Professionals Telecommunications Service
-
CGI IT Consulting Firm (Bike/Boat/Book/etc) Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$3.99M
Owner & transaction history
Pem 121 Airport 32 · 18 yrs held
Pem 121 Airport 32
since 2007
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
$28 / 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
$197,186
Tax year 2023
Assessed value
$8,490,081
Assessed 2024
Previous assessed
$10,280,850
-17.4% YoY
Effective rate
2.32%
On assessed value
Assessed land
$3,113,452
Assessed improvement
$5,376,629
Land market value
$3,113,452
Improvement market value
$5,376,629
Total market value
$8,490,081
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
Office buildings
Use group
OFFICE BUILDING (MULTI-STORY)
Status
For Lease
Year built
2000
Heating
NONE
Stories
2
Total area
143,690 SF
Lot
9.53 ac (415,127 SF)
APN
1950-2-2R
UPID
US83-3917998
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
Building & site characteristics
From public records
Year built
2000
Heating
NONE
Stories
2
Lot
9.53 ac
Current owner
From public records · entity-resolved
Pem 121 Airport 32
Individual
Free & Clear · 18 yrs held
Mailing address
2525 S SHR BLVD STE #207, LEAGUE CITY, TX 77573-2988
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2007
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 1, 2007
—
Pem 121 Airport 32
Pem 121 Airport S
Quit Claim Deed
—
Oct 15, 2007
—
Pem 121 Airport 26
Pem 121 Airport S
Quit Claim Deed
—
Sep 6, 2007
—
Pem 121 Airport 31
Pem 121 Airport S
Quit Claim Deed
—
Jul 27, 2007
—
Pem 121 Airport 16
Pem 121 Airport S
Quit Claim Deed
related
—
May 30, 2007
—
Pem 121 Airport 11
Pem 121 Airport S
Quit Claim Deed
—
Mar 27, 2007
—
121 Airport 8 Pem
Pem 121 Airport S
Quit Claim Deed
related
—
Feb 9, 2007
—
121 Airport 6 Pem
Pem 121 Airport S
Quit Claim Deed
related
—
Dec 28, 2006
—
121 Airport 1 Pem
Pem 121 Airport S
Quit Claim Deed
—
Sep 29, 2006
—
121 Airport S Pem
121 Airport Centre
Quit Claim Deed
—
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.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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