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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    2247 Central Dr Bedford, TX 76021-5834

    • Office buildings
    • 8,397 SF
    • 1.06 lot acres
    OFF-MARKET
    Value Estimations
    $470,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US83-4094622
    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.

    Current Use by Public Records

    • Ambrose Appraisal Co / Appraiser
    • Capital Plus Financial / Financial Planner

    Property Details for 2247 Central Dr

    Year built
    2008
    Lot size
    1.06 lot acres
    Property size
    8,397 SF
    Property type
    Office buildings
    APN
    17396-1-3
    APU
    1739613

    Description

    This exceptional 8,397 square foot Class B office building, constructed in 2008, is situated on a 0.57-acre lot in Bedford, Texas, within Tarrant County. The property is ideally suited for businesses seeking executive office space, offering multiple tenancy options. Currently, one suite of 3,000 square feet is immediately available. This represents the minimum divisible space, and also the maximum contiguous space currently available. The building consists of a single structure, providing a cohesive and efficient work environment. Its location in Bedford, TX, zip code 76021, offers convenient access to major transportation routes and amenities. The property's 2008 construction ensures modern infrastructure and systems. Interested parties should note that the total building size is 8,397 square feet, providing potential for future expansion or consolidation depending on business needs. This prime location in Tarrant County, Texas, presents a compelling opportunity for businesses seeking a well-maintained and conveniently located office space. The address is 2247 Central Dr., Bedford, TX 76021.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $470,000

    • Alternative Use

      Use
      Estimation
      OFFICE BUILDING
      $735,000
      Current use
      AUTO REPAIR, GARAGE
      $630,000
      Change: -14% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Bedford
    County
    Tarrant
    State
    Texas
    Longitude
    -97.1342
    Latitude
    32.8434
    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
    $22,057
    $347,805
    $1,052,102
    $1,399,907
    -
    $347,805
    $1,052,102
    $1,399,907

    Comparable in this City

    • Value Estimation
      $880,000
      73,248 SF

      3301 Airport Fwy

      OFFICE BUILDING (MULTI-STORY) • 73,248 SF
      3301 Airport Fwy, Bedford, TX 76021-6032
      View Details
    • Value Estimation
      $995,000
      20,947 SF

      2701 Brown Trl

      OFFICE BUILDING (MULTI-STORY) • 20,947 SF
      2701 Brown Trl, Bedford, TX 76021-4103
      View Details
    • Value Estimation
      $910,000
      23,572 SF

      1905 Central Dr

      OFFICE BUILDING • 23,572 SF
      1905 Central Dr, Bedford, TX 76021-5856
      View Details
    • Value Estimation
      $465,000
      12,450 SF

      2012 Plz Dr

      OFFICE BUILDING • 12,450 SF
      2012 Plz Dr, Bedford, TX 76021-6002
      View Details
    • Value Estimation
      $295,000
      3,504 SF

      1937 Bedford Rd

      OFFICE BUILDING • 3,504 SF
      1937 Bedford Rd, Bedford, TX 76021-8220
      View Details
    • Value Estimation
      $335,000
      1,306 SF

      2725 Central Dr

      OFFICE BUILDING • 1,306 SF
      2725 Central Dr, Bedford, TX 76021-4841
      View Details

    Similar Nearby for Sale

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      Bedford Office Building For Sale

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      Commercial Property in Mid-Cities Area

      Commercial property with leasing potential in a convenient location.
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    • $1,200,000
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      Bedford TX Mixed-Use Investment Opportunity

      7,349 SF Vacant Mixed-Use Building, High Potential
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    Similar Nearby for Lease

    • $14 SF/Yr
      25,130 SF

      Prime Office Space Near Airport

      Office building with excellent access to major highways and amenities.
      3901 Airport Fwy, Bedford, TX 76021
      View Details
    • $15 SF/Yr
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      Modern Office Space Available

      Open office layout with private offices and great visibility.
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      View Details
    • $395 /Mo
      45,302 SF

      Office and Retail Property

      Office and retail property with easy access to the metroplex.
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      View Details
    • $4,740 /Mo
      9,400 SF

      Airport Fwy Office Suites

      Bedford, TX Office Space Available
      405 Airport Fwy, Bedford, TX 76021
      View Details
    • $15 SF/Yr
      14,639 SF

      Executive Office Suites Bedford, TX

      Prime Bedford Office Space Available
      1912 Central Dr, Bedford, TX 76021
      View Details
    • $395 /Mo

      Office and Retail Property

      Well-located office and retail property in the DFW mid-cities.
      313 Harwood Private Office, Bedford, TX 76021
      View Details
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    2247 Central Dr
    Bedford, TX 76021-5834
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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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