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    425 Westpark Way Euless, TX 76040

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    425 Westpark Way Euless, TX 76040

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    • Medical Office Space
    • 7,750 SF
    • 0.84 lot acres
    For Lease
    $395/Mo
    View Listing →
    Renovated Medical Office Near Hospital For Lease
    $395/Mo

    Renovated Medical Office Near Hospital

    Recently renovated medical office space near THR Hospital available for lease.

    425 Westpark Way, Euless, TX 76040
    View Listing
    Property ID
    US82-2852156
    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

    • Prestige Custom Cabinets Euless / General Contractor / Renovation Specialist
    • Elpis Healthcare / Physician
    • Bilgere Insurance / Insurance Agency
    • Universal Diagnostic Laboratories / Laboratory

    Property Details for 425 Westpark Way

    Year built
    1982
    Lot size
    0.84 lot acres
    Property size
    7,750 SF
    Property type
    Medical Office Space
    Property subtype
    Medical centers
    APN
    46270-1-2AR1
    APU
    4627012AR1

    Description

    This exceptional single-story office building, totaling 7,790 square feet, is situated on a 0.84-acre lot in Euless, Texas, within Tarrant County. Built in 1982 and extensively renovated in 2022, the Class B property offers multiple tenancy options, with spaces ranging from 1,800 to 2,200 square feet currently available, allowing for up to 3,900 contiguous square feet. The building features 43 parking spaces and boasts a prime location just off Highway 121, a block from Texas Health Methodist Hospital, and only 10 minutes from DFW Airport. Benefit from excellent visibility with monument signage facing Westpark Way. The property's versatile layout and modern finishes cater to various business needs, including traditional, executive, medical, and creative office spaces. The building does not include elevators. This is an exceptional opportunity to establish your business in a highly accessible and visible location within the thriving DFW Metroplex.

    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
    Euless
    County
    Tarrant
    State
    Texas
    Longitude
    -97.1194
    Latitude
    32.8327
    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
    $13,722
    $192,785
    $629,784
    $822,569
    -
    $192,785
    $629,784
    $822,569

    Comparable in this City

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      469 Westpark Way

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      1,960 SF

      503 Euless Blvd

      MEDICAL BUILDING • 1,960 SF
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    Similar Nearby for Lease

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      5,256 SF

      Medical Office Space For Lease

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      2101 Westpark Ct, Euless, TX 76040
      View Details
    • $395 /Mo
      36,590 SF

      Renovated Medical Office Near Hospital

      Recently renovated medical office space near THR Hospital available for lease.
      425 Westpark Way, Euless, TX 76040
      View Details
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      Medical Office Space Available

      Medical office space for rent near Hwy 183.
      2275 Westpark Ct, Euless, TX 76040
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      150 SF

      Renovated Medical Office Near Hospital

      Recently renovated medical office space near THR Hospital.
      425 Westpark Way, Euless, TX 76040
      View Details
    • Contact for pricing
      4,039 SF

      Euless Office Space Available

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      Move-In Ready Euless Office Space

      Move-in ready office space with recent renovations and highway access.
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    View Listing
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    Euless, TX 76040
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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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