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Property profile & analytics
OFF-MARKET
Medical Office Space

615 Harwood Rd Hurst, TX 76054-3106

4,535 SF 0.42 ac lot Built 1982
Entity Owned 8-yr Hold ~ Est. High Equity
Property ID
US82-4761921
Property summary
AI-generated overview

This exceptional 4,535 square foot office building, situated on a 0.42-acre lot at 615 W Harwood in Hurst, TX, presents a compelling investment opportunity. Built in 1982 and strategically located for high visibility with monument signage, the property boasts significant recent upgrades. These improvements encompass a complete HVAC system replacement, a new roof, renovated restrooms and a modern kitchen/breakroom. Interior enhancements include updated flooring, fresh paint, new hardware, and a dedicated IT server room. Exterior improvements include landscaping enhancements, new gutters, and the installation of French drains. The building currently houses a dental practice occupying approximately 1,500 square feet under a multi-year lease, generating consistent rental income. The remaining general office space features a spacious waiting area and ten individual offices, readily available for lease individually or as a combined unit. The main entrance offers a shared common area with renovated restrooms and a digital display board for tenant advertising. Both the dental and general office sections have separate entrances for convenience. Ample parking is provided with 29 spaces. The property's low-maintenance landscaping, featuring mature trees, contributes to its attractive curb appeal. At the time of listing, the property exhibits a 6% capitalization rate, showcasing its strong financial performance. This turnkey investment offers a blend of immediate income and significant potential for future growth.

Property profile
Verified
Property type Medical Office Space
Use group DENTAL BUILDING
Year built 1982
Total area 4,535 SF
Lot 0.42 ac (18,182 SF)
APN 25260-47-A1
UPID US82-4761921
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
  • WRKSPC Real Estate Agency
  • Little Lilacs Birth Services Alternative Medicine Practice Medical Clinic
  • Foray Travel Travel Agency
  • Monarch Roofing and Construction General Contractor
  • Structured Renovations Construction Company
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
by Request
Owner & transaction history
Ns2 Properties LLC · 8 yrs held
Ns2 Properties LLC
since 2018
2 recorded transactions
2022
Price N/A
2018
Price N/A
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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