Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    2252 Central Dr Bedford, TX 76021-5835
    Back to Search
    Property profile & analytics

    2252 Central Dr, Bedford, TX 76021-5835

    View on Map
    • Drive through restaurants
    • 3,094 SF
    • 0.91 lot acres
    Off-Market
    Property ID
    US82-0368720
    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

    • Panda Express / Restaurant

    Property Details for 2252 Central Dr

    Year built
    1999
    Lot size
    0.91 lot acres
    Property type
    Drive through restaurants
    APN
    1991-1-5
    APU
    199115

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Feb 3, 2017 — Cft Nv Development LLC — Deed · related $819k · East West Bank
    Apr 7, 2015 — Cft Nv Devs LLC Cherng Family Trust Quit Claim Deed —
    Aug 19, 2004 — Cherng Trust Cp Restaurants Grant Deed · related —
    Jul 1, 1999 — Pasta Properties Property Closing Ltd Quit Claim Deed · related $1M · Nationsbank
    — — Cherng Trust — Deed Of Trust · related $822k · United Overseas Bank Ltd
    — — Cherng Family Trust — Deed Of Trust · related $766k · United Overseas Bank Ltd

    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
    -97.1331
    Latitude
    32.8443
    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
    $17,454
    $596,925
    $418,360
    $1,015,285
    -
    $596,925
    $418,360
    $1,015,285

    Comparable in this City

    • Value Estimation by Request
      3,325 SF

      513 Industrial Blvd

      DRIVE-THRU RESTAURANT, FAST FOOD
      513 Industrial Blvd, Bedford, TX 76021-6168
      View Details
    • Value Estimation by Request
      2,394 SF

      925 Industrial Blvd

      DRIVE-THRU RESTAURANT, FAST FOOD
      925 Industrial Blvd, Bedford, TX 76021-6136
      View Details
    • Value Estimation by Request
      1,566 SF

      2816 Brown Trl

      DRIVE-THRU RESTAURANT, FAST FOOD
      2816 Brown Trl, Bedford, TX 76021-4106
      View Details
    • Value Estimation by Request
      3,518 SF

      1528 Brown Trl

      DRIVE-THRU RESTAURANT, FAST FOOD
      1528 Brown Trl, Bedford, TX 76021-5343
      View Details
    • Value Estimation by Request
      1,386 SF

      233 Harwood Rd

      DRIVE-THRU RESTAURANT, FAST FOOD
      233 Harwood Rd, Bedford, TX 76021-4158
      View Details
    • Value Estimation by Request
      2,550 SF

      645 Harwood Rd

      DRIVE-THRU RESTAURANT, FAST FOOD
      645 Harwood Rd, Bedford, TX 76021-4214
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      11,000 SF

      Retail Property with Highway Frontage

      Retail space with secure storage and highway frontage.
      1805 Reliance Pkwy, Bedford, TX 76021
      View Details
    • Contact for pricing
      2,800 SF

      Renovated Retail Space on Bedford

      2,800 SF renovated retail space with monument signage.
      2028 Bedford Rd, Bedford, TX 76021
      View Details
    • New
      $800,000
      0.37 Acres

      Freestanding Retail Building

      Free-standing retail building on a major throughfare in Bedford, TX, offered for sale.
      2824 Brown Trl, Bedford, TX 76021
      View Details
    • Contact for pricing
      2,350 SF

      Stand-Alone Building in Mid-Cities Region

      Stand-alone building in a prime location with high traffic.
      2606 Harwood Rd, Bedford, TX 76021
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Retail Center on Harwood Road

      Retail center with highway exposure and planned renovations.
      3504-3516 Harwood Rd, Bedford, TX 76021
      View Details
    • Contact for pricing

      Retail Space in High-Traffic Area

      1,900 SF retail space in Bedford Central for rent.
      2301 Central Dr, Bedford, TX 76021
      View Details
    • Contact for pricing

      Retail Space Available For Rent

      Retail space available for rent in Bedford, Texas.
      2248 Central Dr, Bedford, TX 76021
      View Details
    • Contact for pricing
      1,265 SF

      Retail Space in Bedford Center

      Retail space with high visibility and ample parking.
      3225 Harwood Rd, Bedford, TX 76021
      View Details
    • Contact for pricing

      Retail Spaces at Bustling Intersection

      Retail spaces available near Highway 1 and local schools.
      3031 Harwood Rd, Bedford, TX 76021
      View Details
    • Contact for pricing
      1,440 SF

      Versatile Commercial Space in Bedford

      Flexible 1,400 SF suite suitable for office, medical, or retail.
      1905 Bedford Rd, Bedford, TX 76021
      View Details

    Property Visit Statistics

    • Visits by month
      20.5k
    • Visitors by month
      12.1k
    • Avg Time on site
      9 min
    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.
    2252 Central Dr
    Bedford, TX 76021-5835
    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
    2252 Central Dr, Bedford, TX, 76021
    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!