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Property profile & analytics
OFF-MARKET
Estimated value
$890,000
Medical Office Space
2700 Tibbets Dr Bedford, TX 76022-5928
Trust Owned
13-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US82-2369094
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
1972
Total area
23,520 SF
Lot
2.41 ac (104,980 SF)
APN
17650-3R-B
UPID
US82-2369094
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
-
Central Clinical Labs (CCL Labs) Laboratory
-
Podsednik & Co Accounting Firm Tax Preparation
-
Parkinson Place Speech Therapy Physician
-
Physicians' Choice Infusion Pharmacy
-
Bedford Speedy Commercial A/C Masters Hardware & Home Improvement Home Appliance Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$770k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.01M
Blend (final)
Blend
$890k
Owner & transaction history
Keith Wendell P & Carol N Trust · 13 yrs held
Keith Wendell P & Carol N Trust
since 2012
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
Method
Estimation
Statistic approach
by Request
ML approach
$770,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$890k
Range $801k – $979k · ±10%
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$38 / 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
$33,565
Tax year 2023
Assessed value
$2,000,000
Assessed 2024
Previous assessed
$1,750,000
+14.3% YoY
Effective rate
1.68%
On assessed value
Assessed land
$708,608
Assessed improvement
$1,291,392
Land market value
$708,608
Improvement market value
$1,291,392
Total market value
$2,000,000
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
Medical Office Space
Use group
MEDICAL BUILDING
Status
Off-Market
Year built
1972
Heating
NONE
Stories
1
Total area
23,520 SF
Lot
2.41 ac (104,980 SF)
APN
17650-3R-B
UPID
US82-2369094
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
1972
Heating
NONE
Stories
1
Lot
2.41 ac
Current owner
From public records · entity-resolved
Keith Wendell P & Carol N Trust
Trust
Mailing address
5002 STANFORD AVE, DALLAS, TX 75209-3320
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2012
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 30, 2012
—
Keith Wendell P & Carol N Trust
Liberty Fsb
Grant Deed
$250,000 · Inwood National Bank
Sep 10, 2010
$1,038,100
Liberty Fsb
Osterman,lauren G
Trustees Deed
related
—
Oct 12, 1999
—
James G Moore
—
Deed Of Trust
related
$1,534,100 · Commercial Federal Bank
Aug 10, 1998
—
James G Moore
—
Grant Deed
related
$1,670,000 · Provident Savings Bank
—
—
James G Moore
—
Deed Of Trust
related
$125,000 · Graham Mortgage Corp
—
—
James G Moore
—
Deed Of Trust
related
$92,000 · Liberty Federal Savings Bank
—
—
James G Moore
—
Deed Of Trust
related
$1,655,000 · Liberty Federal Savings Bank
—
—
James G Moore
—
Deed Of Trust
related
$180,000 · Graham Mortgage Corp
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.
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