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    313 Harwood Rd Bedford, TX 76021
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    313 Harwood Rd, Bedford, TX 76021

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    • Office buildings
    • 9,003 SF
    • 1.04 lot acres
    For Lease
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    Mixed-Use Property in Bedford, TX For Lease
    Contact for pricing

    Mixed-Use Property in Bedford, TX

    Well-located mixed-use property with easy highway access in Bedford.

    313 Harwood Rd, Bedford, TX 76021
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    Property ID
    US82-1297170
    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

    • Mia HAS Solutions / Physician
    • First Love Transformation Ministries / Church / Mosque
    • Fresh Air Duct Cleaning / HVAC Service
    • G&M Roofing Professionals LLC / Construction Company
    • Icatchn Enterprises / Car Dealership

    Property Details for 313 Harwood Rd

    Year built
    1989
    Lot size
    1.04 lot acres
    Property type
    Office buildings
    APN
    25273-1-3R
    APU
    2527313R

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Dec 11, 2019 — 389 391 Grant St LLC Rocky Face LLC Venders Lien $480k · First Financial Bank NA
    Sep 15, 2010 — Rocky Face LLC Jalil Roufeh Venders Lien $250k · Texas Capital Bank NA
    Jun 19, 2002 — Jalil Roufeh Zahedi,faramarz F Grant Deed $336k · Preston National Bank Dallas
    — — Rocky Face LLC — Deed Of Trust · related $188k · Bancorpsouth
    — — Jalil Roufeh — Deed Of Trust · related $336k · Preston National Bank
    — — Jalil Roufeh — Deed Of Trust · related $112k · Preston National Bank

    Description

    This two-story, 9,003-square-foot Class B office building at 313 Harwood Rd, Bedford, TX 76021, offers diverse workspace options. Located on a 1.04-acre lot in Tarrant County, the property boasts multiple tenancies, with private office spaces ranging from 100 to 300 contiguous square feet. Built in 1989, this versatile building caters to various business needs, including executive, traditional, creative, medical, and coworking spaces. Its prime location offers excellent visibility and accessibility, situated just one block from State Highway 183, with convenient access to Interstates 820 and 121. The surrounding area features high traffic counts due to nearby retail, businesses, schools, and parks. Commuting is also simplified, with less than a 13-minute drive to DFW Airport, 20 minutes to downtown Fort Worth, and 30 minutes to downtown Dallas. This property presents a unique opportunity for businesses seeking a strategic location and flexible workspace solutions in a thriving area. The minimum leasable space is 100 square feet.

    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
    -97.1649
    Latitude
    32.8527
    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
    $11,987
    $226,510
    $463,145
    $689,655
    -
    $226,510
    $463,145
    $689,655

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      Highly Visible Corner Office Building

      Flexible office building on a hard corner with ample parking and multiple access points for convenient tenant and visitor flow.
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      Stand-Alone Medical Office Building

      Standalone brick office with reception, treatment rooms, and executive offices for professional medical or related services.
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      Detached Standalone Office Building

      Detached, private-office style space offered for lease, suited to professional and personal services.
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      Professional Office Building For Rent

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      Detached Standalone Office

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      1,500 SF

      Professional Office Space Available 2026

      Class B office space available for lease in Bedford, TX.
      240 Harwood Rd, Bedford, TX 76021
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    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.

    More about this property
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