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    2301 Central Dr Bedford, TX 76021
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    Property profile & analytics

    2301 Central Dr Bedford, TX 76021

    View on Map
    • Strip malls
    • 12,000 SF
    • 0.99 lot acres
    For Lease
    $605,000
    View Listing →
    Retail Space in High-Traffic Area For Lease
    $605,000
    1,900 SF

    Retail Space in High-Traffic Area

    1,900 SF retail space in Bedford Central for rent.

    2301 Central Dr, Bedford, TX 76021
    View Listing
    Property ID
    US82-1239351
    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
    $605,000
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Cash America Pawn / Discount Store / (Bike/Boat/Book/etc) Store
    • Seven Day Donut / Bakery / Discount Store
    • Bedford Concrete Crew / Construction Company / General Contractor
    • Lost My Car Keys / Auto Repair Shop

    Property Details for 2301 Central Dr

    Year built
    1984
    Lot size
    0.99 lot acres
    Property size
    12,000 SF
    Property type
    Strip malls
    Property subtype
    Shopping centers
    APN
    1985-14-1B-A
    APU
    1985141BA

    Description

    This exceptional 12,000 square foot retail center, built in 1982, is situated on a one-acre lot in Bedford, Texas (Tarrant County, zip code 76021) at 2301 Central Dr. Currently, 1,900 square feet of retail space is available, offering a blank canvas for tenant build-out. The property boasts a prime location in a high-traffic area, benefiting from excellent visibility and accessibility. The center enjoys a strong anchor tenant in Cash America and is surrounded by other national brands including Walgreens, Panda Express, and Walmart, ensuring high foot traffic and brand synergy. The strategic location at a heavily trafficked intersection, with convenient access from Bedford Rd and Central Drive, and proximity to major highways 183 and 121, provides unparalleled convenience for customers. Furthermore, its location within a large residential community guarantees a consistent flow of potential customers. This presents a unique opportunity for businesses seeking a prominent location in a thriving community. The property is classified as multi-tenant commercial retail.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $585,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $627,000
      Market price range: $216k - $669k

    • Alternative Use

      Use
      Estimation
      NEIGHBORHOOD: SHOPPING CENTER
      $480,000
      Current use
      AUTO REPAIR, GARAGE
      $900,000
      Change: +89% Conversion: Difficult
      WAREHOUSE, STORAGE
      $445,000
      Change: -7% Conversion: Difficult
      RETAIL STORES
      $430,000
      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
    -97.1341
    Latitude
    32.8451
    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
    $34,600
    $516,252
    $1,383,748
    $1,900,000
    -
    $516,252
    $1,383,748
    $1,900,000

    Comparable in this City

    • Value Estimation
      $1,075,000
      31,800 SF

      2900 Hwy 121

      SHOPPING CENTER, STRIP CENTER • 31,800 SF
      2900 Hwy 121, Bedford, TX 76021-4001
      View Details
    • Value Estimation by Request
      13,400 SF

      1548 Bedford Rd

      SHOPPING CENTER, STRIP CENTER • 13,400 SF
      1548 Bedford Rd, Bedford, TX 76021-5600
      View Details
    • Value Estimation
      $685,000
      18,456 SF

      2248 Central Dr

      SHOPPING CENTER, STRIP CENTER • 18,456 SF
      2248 Central Dr, Bedford, TX 76021-5820
      View Details
    • Value Estimation by Request
      5,000 SF

      2712 Brown Trl

      SHOPPING CENTER, STRIP CENTER • 5,000 SF
      2712 Brown Trl, Bedford, TX 76021-4187
      View Details
    • Value Estimation by Request
      3,150 SF

      2817 Brown Trl

      SHOPPING CENTER, STRIP CENTER • 3,150 SF
      2817 Brown Trl, Bedford, TX 76021-4105
      View Details
    • Value Estimation by Request
      0.40 Acres

      3675 Harwood Ct

      SHOPPING CENTER, STRIP CENTER • 0.40 Acres
      3675 Harwood Ct, Bedford, TX 76021-2309
      View Details

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    Similar Nearby for Lease

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      Retail space available in established Bedford shopping center.
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      Retail Space in Bedford, Texas

      Retail space available in a 126,052 SF shopping center.
      3152-3164 Harwood Rd, Bedford, TX 76021
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      Retail Space on Highway 121

      32,717 SF shopping center with high traffic count.
      2900 Highway 121, Bedford, TX 76021
      View Details
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      1,265 SF

      Retail Space in Bedford Center

      Retail space with high visibility and ample parking.
      3225 Harwood Rd, Bedford, TX 76021
      View Details
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      Retail Center on Harwood Road

      Retail center with highway exposure and planned renovations.
      3504-3516 Harwood Rd, Bedford, TX 76021
      View Details
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      Retail Space Near Trinity High

      Retail space for lease near Euless Trinity High School.
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      View Details
    View Listing
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    Bedford, TX 76021
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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.

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