Add Listing
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    2816 Central Dr Bedford, TX 76021-6829

    • Community centers
    • 41,450 SF
    • 4.43 lot acres
    OFF-MARKET
    Value Estimations
    $1,325,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US82-9461589
    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

    • Bedford Appliance Repair / Home Appliance Store
    • Moonlight Cakes / Bakery / Specialty Food Shop
    • Clay's Sharpening Service LLC / Sharpening Service
    • Bedford Pharmacy / Pharmacy
    • Central Arts of Bedford / Charitable Organization / Social Service Agency

    Property Details for 2816 Central Dr

    Year built
    1986
    Lot size
    4.43 lot acres
    Property size
    41,450 SF
    Property type
    Community centers
    Property subtype
    Shopping centers
    APN
    1986-1-1RC2
    APU
    198611RC2

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $800,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $1,846,000
      Market price range: $746k - $2.31M

    • Alternative Use

      Use
      Estimation
      NEIGHBORHOOD: SHOPPING CENTER
      $1,650,000
      Current use
      WAREHOUSE, STORAGE
      $1,530,000
      Change: -7% Conversion: Difficult
      RETAIL STORES
      $1,485,000
      Change: -10% Conversion: Easy

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

    Location Insight

    • Map
    • Local Demand
    City
    Bedford
    County
    Tarrant
    State
    Texas
    Longitude
    -97.1301
    Latitude
    32.8512
    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
    $100,695
    $1,080,587
    $4,515,163
    $5,595,750
    -
    $1,080,587
    $4,515,163
    $5,595,750

    Comparable in this City

    • Value Estimation
      $2,210,000
      101,048 SF

      3120 Harwood Rd

      MINI-MALL • 101,048 SF
      3120 Harwood Rd, Bedford, TX 76021-3802
      View Details
    • Value Estimation
      $1,760,000
      95,722 SF

      209 Harwood Rd

      MINI-MALL • 95,722 SF
      209 Harwood Rd, Bedford, TX 76021-4160
      View Details
    • Value Estimation
      $2,800,000
      119,982 SF

      2101 Harwood Rd

      MINI-MALL • 119,982 SF
      2101 Harwood Rd, Bedford, TX 76021-4708
      View Details
    • Value Estimation
      $880,000
      22,704 SF

      3152 Harwood Rd

      MINI-MALL • 22,704 SF
      3152 Harwood Rd, Bedford, TX 76021-3802
      View Details
    • Value Estimation
      $1,450,000
      85,870 SF

      2853 Central Dr

      MINI-MALL • 85,870 SF
      2853 Central Dr, Bedford, TX 76021-4812
      View Details
    • Value Estimation by Request
      46,440 SF

      1833 Airport Fwy

      Lifestyle centers • 46,440 SF
      1833 Airport Fwy, Bedford, TX 76021
      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
    • $980,000
      2,400 SF

      Highway 121 Bedford Restaurant

      Prime Bedford QSR/Restaurant, High Traffic
      2500 Highway 121, Bedford, TX 76021
      View Details
    • $1,200,000
      7,349 SF

      Bedford TX Mixed-Use Investment Opportunity

      7,349 SF Vacant Mixed-Use Building, High Potential
      2520 Harwood Rd, Bedford, TX 76021
      View Details
    • $595,000
      1.25 Acres

      Bedford Commercial Land Opportunity

      1.25 acre corner lot with high visibility on Harwood Road.
      3708 Harwood Rd, Bedford, TX 76021
      View Details
    • Contact for pricing
      5,777 SF

      Bedford Office Building For Sale

      5,777 SF office building located in Bedford, Texas.
      2324 Cheek Sparger Rd, Bedford, TX 76021
      View Details
    • Contact for pricing
      2.39 Acres

      Hwy 121 Commercial Land - Euless, TX

      Prime 2.39-acre commercial lot, high visibility.
      2429 State Highway 121, Euless, TX 76021
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      18,750 SF

      Bedford Retail Center Opportunity

      Prime Bedford retail space, 5 units available.
      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
      2,064 SF

      Retail Space in Bedford, Texas

      Retail space available in a 126,052 SF shopping center.
      3152-3164 Harwood Rd, Bedford, TX 76021
      View Details
    • $14 SF/Yr
      41,222 SF

      Harwood Road Retail Center

      Bedford, TX Shopping Center - 10 Spaces Available
      3504-3516 Harwood Rd, Bedford, TX 76021
      View Details
    • Contact for pricing
      1,200 SF

      Retail Space in Bedford, Texas

      Retail space available in established Bedford shopping center.
      3202-3346 Harwood Rd, Bedford, TX 76021
      View Details
    • Contact for pricing
      7,349 SF

      Prime Bedford Office Space

      Modern Office Suites, Tarrant County
      2520 Harwood Rd, Bedford, TX 76021
      View Details
    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.
    2816 Central Dr
    Bedford, TX 76021-6829
    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

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!